2024 Q2 Form 10-K Financial Statement

#000182666724000005 Filed on April 11, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $7.364M $5.721M $18.51M
YoY Change 59.67%
Cost Of Revenue $912.0K $582.0K $2.605M
YoY Change 18.13% 15.37%
Gross Profit $6.452M $5.139M $15.91M
YoY Change 68.02% 56.86%
Gross Profit Margin 87.62% 89.83% 85.93%
Selling, General & Admin $9.960M $11.62M $40.55M
YoY Change 18.4% 756.9% 1376.48%
% of Gross Profit 154.37% 226.08% 254.91%
Research & Development $4.666M $7.639M $29.51M
YoY Change -32.0% 38.17%
% of Gross Profit 72.32% 148.65% 185.53%
Depreciation & Amortization $194.0K $202.0K $702.0K
YoY Change -41.92% 154.35%
% of Gross Profit 3.01% 3.93% 4.41%
Operating Expenses $14.63M $19.26M $70.06M
YoY Change -4.24% 1320.32% 2451.08%
Operating Profit -$8.174M -$14.12M -$54.15M
YoY Change 471.61% 1871.87%
Interest Expense $877.0K $59.00K -$3.938M
YoY Change -124.55% -96.38% -230.45%
% of Operating Profit
Other Income/Expense, Net -$44.00K -$21.45M -$941.0K
YoY Change -109.21% 7983.9% -110.63%
Pretax Income -$4.325M -$35.51M -$59.03M
YoY Change 354.16% -442291.78% -1066.12%
Income Tax $7.000K $1.000K $9.000K
% Of Pretax Income
Net Earnings -$4.332M -$36.31M -$63.28M
YoY Change 335.36% 10475.23% -1242.37%
Net Earnings / Revenue -58.83% -634.66% -341.83%
Basic Earnings Per Share -$0.21 -$6.73
Diluted Earnings Per Share -$0.21 -$0.81 -$2.05
COMMON SHARES
Basic Shares Outstanding 26.76M shares 26.32M shares 9.396M shares
Diluted Shares Outstanding 23.90M shares 9.396M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.48M $11.78M $11.78M
YoY Change 322.16% 7569.31% 7569.31%
Cash & Equivalents $16.48M $11.78M $11.78M
Short-Term Investments
Other Short-Term Assets $3.311M $5.972M $5.972M
YoY Change -31.86% 2794.39% 2794.39%
Inventory $3.443M $2.545M $2.545M
Prepaid Expenses $3.311M $2.986M
Receivables $4.706M $3.554M $3.554M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.94M $20.86M $20.86M
YoY Change 17205.86% 5696.74% 5696.77%
LONG-TERM ASSETS
Property, Plant & Equipment $1.830M $3.270M $3.270M
YoY Change -42.94% 46.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $424.0K $466.0K $466.0K
YoY Change 15.53% -97.65% -97.65%
Total Long-Term Assets $4.490M $4.863M $4.863M
YoY Change -62.82% -75.47% -75.47%
TOTAL ASSETS
Total Short-Term Assets $27.94M $20.86M $20.86M
Total Long-Term Assets $4.490M $4.863M $4.863M
Total Assets $32.43M $25.73M $25.73M
YoY Change 165.01% 27.43% 27.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.976M $3.391M $3.391M
YoY Change -54.01% 135.01% 135.01%
Accrued Expenses $9.407M $10.88M $10.80M
YoY Change -0.87% 70.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $76.00K
YoY Change
Total Short-Term Liabilities $12.00M $14.69M $14.69M
YoY Change 98.91% 487.01% 487.01%
LONG-TERM LIABILITIES
Long-Term Debt $21.29M $0.00 $88.00K
YoY Change -100.0% -93.44%
Other Long-Term Liabilities $23.30M $36.98M $36.89M
YoY Change 1293.36% 276.87% 275.97%
Total Long-Term Liabilities $21.29M $36.98M $36.98M
YoY Change 1173.09% 231.55% 231.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.00M $14.69M $14.69M
Total Long-Term Liabilities $21.29M $36.98M $36.98M
Total Liabilities $56.58M $51.66M $51.66M
YoY Change 269.51% 278.36% 278.36%
SHAREHOLDERS EQUITY
Retained Earnings -$265.9M -$248.4M
YoY Change 1658.71% 1772.11%
Common Stock $2.000K $2.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$24.15M -$25.94M -$25.94M
YoY Change
Total Liabilities & Shareholders Equity $32.43M $25.73M $25.73M
YoY Change 165.01% 27.43% 27.43%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$4.332M -$36.31M -$63.28M
YoY Change 335.36% 10475.23% -1242.37%
Depreciation, Depletion And Amortization $194.0K $202.0K $702.0K
YoY Change -41.92% 154.35%
Cash From Operating Activities -$13.42M -$8.849M -$50.05M
YoY Change -29.5% 599.14% 1728.47%
INVESTING ACTIVITIES
Capital Expenditures $60.00K $372.0K $588.0K
YoY Change 57.89% -10.23%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$328.0K -$1.533M
YoY Change -100.0% -100.14% -100.66%
Cash From Investing Activities -$60.00K -$700.0K -$2.121M
YoY Change -147.62% -100.3% -100.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.348M
YoY Change -95.98%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.99M 43.00K 54.63M
YoY Change 93.79% -100.02% -123.7%
NET CHANGE
Cash From Operating Activities -13.42M -8.849M -50.05M
Cash From Investing Activities -60.00K -700.0K -2.121M
Cash From Financing Activities 25.99M 43.00K 54.63M
Net Change In Cash 12.51M -9.506M 2.463M
YoY Change -327.47% 17497.19% -5304.88%
FREE CASH FLOW
Cash From Operating Activities -$13.42M -$8.849M -$50.05M
Capital Expenditures $60.00K $372.0K $588.0K
Free Cash Flow -$13.48M -$9.221M -$50.63M
YoY Change -29.33% 1392.72%

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CY2022 us-gaap Increase Decrease In Accounts Receivable
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200000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
179000 usd
CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2592000 usd
CY2023 tlsi Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
202000 usd
CY2022 tlsi Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
112000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-281000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-87000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2839000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023 tlsi Payments For Assets Acquisition Milestone
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PaymentsForAssetsAcquisitionMilestone
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533000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Payments Of Stock Issuance Costs
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CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
242000 usd
CY2023 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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ProceedsFromReverseRecapitalization
36854000 usd
CY2022 tlsi Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
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CY2023 tlsi Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
1116000 usd
CY2022 tlsi Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
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CY2023 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
131000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
179000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
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94000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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54629000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13462000 usd
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2463000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-20637000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9664000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30301000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12127000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
12000 usd
CY2023 tlsi Class Of Warrant Or Right Transfer Of Warrant To Preferred Stock
ClassOfWarrantOrRightTransferOfWarrantToPreferredStock
25409000 usd
CY2022 tlsi Class Of Warrant Or Right Transfer Of Warrant To Preferred Stock
ClassOfWarrantOrRightTransferOfWarrantToPreferredStock
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CY2023 us-gaap Nature Of Operations
NatureOfOperations
Nature Of Business<div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 10, 2023 (the "Closing Date"), TriSalus Life Sciences, Inc., a Delaware corporation (the “Company,” “TriSalus,” “we,” “us”), formerly known as MedTech Acquisition Corporation (“MTAC”), consummated the previously announced merger pursuant to the Agreement and Plan of Merger, dated as of November 11, 2022, as amended by that certain First Amendment to Agreement and Plan of Merger, dated as of April 4, 2023, the Second Amendment to Agreement and Plan of Merger, dated as of May 13, 2023, and the Third Amendment to Agreement and Plan of Merger, dated as of July 5, 2023 (as amended, the “Merger Agreement”), by and between MTAC Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of MTAC (“Merger Sub”) and TriSalus Operating Life Sciences, Inc. (formerly known as TriSalus Life Sciences, Inc.), a Delaware corporation (“Legacy TriSalus”), whereby Merger Sub merged with and into Legacy TriSalus with the separate corporate existence of Merger Sub ceasing (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Business Combination”) and TriSalus Life Sciences, Inc. becoming the surviving company. The closing of the Business Combination is herein referred to as “the Closing.” In connection with the consummation of the Merger, on August 10, 2023, Legacy TriSalus changed its name from TriSalus Life Sciences, Inc. to TriSalus Operating Life Sciences, Inc., and MTAC changed its name from MedTech Acquisition Corporation to TriSalus Life Sciences, Inc., the surviving company ("New TriSalus”). As further described in Note </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(3) Business Combination</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, Legacy TriSalus was deemed to be the accounting acquirer and predecessor company in the Business Combination. Thus, the prior periods presented in these consolidated financial statements are of Legacy TriSalus.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are engaged in the research, development, and sales of innovative drug delivery technology and immune-oncology therapeutics to improve outcomes in difficult to treat liver and pancreatic cancer. Our technology is utilized in the delivery of our therapeutics and administered by interventional radiologists. We are developing and marketing two product lines — Pressure Enabled Drug Delivery (“PEDD™) infusion systems, in use today, and an investigational agent, nelitolimod (SD-101), which shows potential to enhance immune system response in the treatment of hepatocellular cancer, pancreatic cancer and other liver solid tumors. The combination of our PEDD technology with nelitolimod is focused on solving the two main barriers in the tumor micro environment that inhibits the success of immunotherapy. The first barrier (mechanical) is comprised of high intratumoral pressure within tumors that limits drug uptake and the second barrier (biological) is the reversal of intratumoral immunosuppression. Our PEDD with SmartValve™ is the only technology designed to work in synchrony with the cardiac cycle to open collapsed vessels in the tumor to enable deeper perfusion and improve therapeutic drug delivery in tumors with high intratumoral pressure. PEDD with SmartValve has been shown in prospective and retrospective clinical studies and in multiple pre-clinical models to improve therapy uptake and tumor response. nelitolimod has a dual mechanism of action in solid tumors which includes the alteration of the tumor microenvironment by reducing immunosuppressive myeloid derived suppressor cells while simultaneously activating immune response and recruiting T cells to the tumor, allowing checkpoint inhibitors to work more effectively.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TriNav™ is the newest therapy delivery device with SmartValve technology for the proprietary PEDD approach. Current sales consist of the TriNav Infusion System, introduced in 2020, and a family of related guiding catheters. In 2020, we gained transitional pass-through payments (“TPT”) approval from the Centers for Medicare &amp; Medicaid Services (“CMS”), which allows hospitals to cover the cost of using TriNav. The approval expired at the end of 2023. On June 1, 2023, </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">we applied for a new technology APC code with CMS. In December 2023, CMS granted a New Technology Healthcare Common Procedure Coding System ("HCPCS") code for procedures involving TriNav. This new code, HCPCS C9797, has been assigned to the Ambulatory Payment Classification ("APC") code 5194 - Level 4 Endovascular procedures. The new code became effective on January 1, 2024, and may be reported by hospital outpatient departments and ambulatory surgical centers.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe the full potential of our technology can be realized through the combination of our drug delivery technology with immune-oncology drugs, so, in July 2020, we acquired our first immune-oncology drug, nelitolimod, and began clinical development of nelitolimod for treatment of liver and pancreatic cancers.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have funded operations to date principally with proceeds from the sale of preferred stock, from the issuance of debt and convertible debt, the exercise of warrants, and from proceeds received upon the closing of the Business Combination. Since inception of the Company in 2009 through December 31, 2023, we have issued for cash $164,364 of preferred stock, (of which $36,854 was raised at the closing of the Business Combination, including issuance of Series A convertible preferred stock), which, along with $560 of common stock and $57,466 of convertible notes and warrants, has funded the cumulative net losses of $248,377. During the year ended December 31, 2023, we raised a total of $9,189 in </span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">cash through issuance of Series B-2 and B-3 preferred stock, $9,630 from the exercise of warrants, and $179 from the exercise of stock options. See note </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(14) Convertible Preferred Stock</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for further discussion of the convertible debt, warrants and the 2023 financing rounds.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2023, we had cash, cash equivalents and restricted cash of $12,127. The Company is still in its early stage, has a history of recurring operating losses, has yet to generate revenues sufficient to create positive cash flow and has accumulated deficit of $248,377 as of December 31, 2023. We are currently undergoing a strategic transformation from a company focused solely on the sale of our infusion systems to a therapeutic company whereby our medical devices will be marketed alongside the pharmaceutical drugs and other treatments that the devices deliver to patients. This transformation requires that we restructure our operating infrastructure, resulting in an increase in operating expenses — including the development of a candidate pharmaceutical — that, in the short term, will not be fully offset by increased revenues. Without additional financing and based on our sales, operations and research and development plans, our management estimates that our existing cash and cash equivalents will be insufficient to fund our projected liquidity requirements for the next 12 months.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with ASC Topic 205-40, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Presentation of Financial Statements, Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, we are required to evaluate whether there is substantial doubt about our ability to continue as a going concern each reporting period. In evaluating our ability to continue as a going concern, management projected our cash flow sources and needs and evaluated the conditions and events have raised substantial doubt about our ability to continue as a going concern within one year after the date that these consolidated financial statements were issued. Management’s plans to address the conditions and events have considered our current projections of future cash flows, current financial condition, sources of liquidity and debt obligations for at least one year from the date of issuance of these consolidated financial statements in considering whether we have the ability to fund future operations and meet our obligations as they become due in the normal course of business.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our ability to fund future operations and to continue the execution of our long-term business plan and strategy, including our transformation into a therapeutics company, will require that we raise additional capital through a combination of collaborations, strategic alliances and licensing arrangements, and issuance of additional equity and/or long-term debt. As described in note </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(13) Standby Equity Purchase Agreement, w</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">e have the right but not the obligation to sell up to $30,000 of our Common Stock at our request under Standby Equity Purchase Agreement, subject to terms and conditions specified in the agreement. Outside of this agreement, there can be no assurance that we will be able to raise such additional financing or, if available, that such financing can be obtained on satisfactory terms. If adequate capital resources are not available on a timely basis, we intend to consider limiting our operations substantially. This limitation of operations could include a hiring freeze, reductions in our workforce, reduction in cash compensation, deferring clinical trials and capital expenditures, and reducing other operating costs.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our current operating plan, which is in part determined based on our most recent results and trends, along with the items noted above, causes substantial doubt to exist about our ability to continue as a going concern and management’s plans do not alleviate the existence of substantial doubt. Our financial statements have been prepared assuming we will continue as a going concern, which contemplates the continuity of normal business activities and realization of assets and settlement of liabilities in the normal course of business, and do not include any adjustments that might be necessary should we be unable to continue as a going concern.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to various risks and uncertainties frequently encountered by companies in the early stages of growth, particularly companies in the rapidly evolving market for medical technology-based and pharmaceutical products and services. Such risks and uncertainties include, but are not limited to, a limited operating history, need for additional capital, a volatile business and technological environment, the process to test and obtain approval to market the candidate pharmaceutical, an evolving business model, and demand for our products. To address these risks, we must, among other things, gain access to capital in sufficient amounts and on acceptable terms, maintain and increase our customer base, implement and successfully execute our business strategy, develop the candidate pharmaceutical, continue to enhance our technology, provide superior customer service, and attract, retain, and motivate qualified personnel. There can be no guarantee that we will succeed in addressing such risks.</span></div>
CY2023 tlsi Number Of Product Lines In Development
NumberOfProductLinesInDevelopment
2 product_line
tlsi Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
36854000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
560000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-248377000 usd
CY2023 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
9189000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
179000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12127000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-248377000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:6.91pt">Concentrations of Credit Risk and Other Risks and Uncertainties</span><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our cash is deposited primarily with two financial institutions. At times, the deposits in these institutions may exceed the amount of insurance provided on such deposits. We have not experienced any losses in such accounts and believe that we are not exposed to any significant risk on these balances.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:8.01pt">Use of Estimates</span><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates. The most significant estimates relate to the valuation of warrant liabilities and tranche liabilities, the contingent earnout liability, certain of our clinical expense accruals, and the valuation allowance on deferred tax assets.</span></div>
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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2816224 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
14266605 shares
CY2023Q3 tlsi Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
P5Y
CY2023Q4 tlsi Standby Equity Purchase Agreement Term
StandbyEquityPurchaseAgreementTerm
P24M
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
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ProceedsFromIssuanceOfPrivatePlacement
40150000 usd
CY2023Q3 tlsi Reverse Recapitalization Net
ReverseRecapitalizationNet
36854000 usd
CY2023Q3 tlsi Reverse Recapitalization Transaction Costs Incurred
ReverseRecapitalizationTransactionCostsIncurred
6069000 usd
CY2023Q3 tlsi Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
1742000 usd
CY2023Q3 tlsi Reverse Recapitalization Transaction Costs Paid
ReverseRecapitalizationTransactionCostsPaid
4327000 usd
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
26316681 shares
CY2023 us-gaap Advertising Expense
AdvertisingExpense
1346000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
2201000 usd
CY2023 tlsi Preferred Stock Offering Percent Of Outstanding Shares Ownership Percentage Shares Offered To
PreferredStockOfferingPercentOfOutstandingSharesOwnershipPercentageSharesOfferedTo
0.992
CY2023Q3 tlsi Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.02471853 shares
CY2023Q3 tlsi Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
21999886 shares
CY2023Q3 tlsi Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.02471853 shares
CY2023Q3 tlsi Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
42854000 usd
CY2023Q3 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
2704000 usd
CY2023Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
4015002 shares
CY2023Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2023Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
40150000 usd
CY2023Q3 tlsi Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
P5Y
CY2023Q3 tlsi Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
P5Y
CY2023Q3 tlsi Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
P5Y
CY2023Q3 tlsi Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
P5Y
CY2023Q3 tlsi Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
P5Y
CY2023Q3 tlsi Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
P5Y
CY2023Q3 tlsi Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
P5Y
CY2023 tlsi Preferred Stock Offering Percent Of Outstanding Shares Ownership Percentage Shares Offered To
PreferredStockOfferingPercentOfOutstandingSharesOwnershipPercentageSharesOfferedTo
0.992
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
14266605 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
28927000 usd
CY2023Q3 tlsi Class Of Warrant Or Right Repurchase Program Authorized Amount
ClassOfWarrantOrRightRepurchaseProgramAuthorizedAmount
4000000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
18632000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11777000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9414000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
350000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
250000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12127000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9664000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
350000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
607000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
753000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1938000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
718000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
2545000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
1471000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
117000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
43000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
5184000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
4656000 usd
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2231000 usd
CY2023 us-gaap Depreciation
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684000 usd
CY2022 us-gaap Depreciation
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18000 usd
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122000 usd
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190000 usd
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0 usd
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88000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
88000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
88000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
88000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
88000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
687000 usd
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FiniteLivedIntangibleAssetsNet
1127000 usd
CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
0 usd
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CY2023Q4 tlsi Accrued Clinical Trial Liability Current
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3115000 usd
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2790000 usd
CY2023Q4 us-gaap Accrued Bonuses Current
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3736000 usd
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AccruedVacationCurrent
327000 usd
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557000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
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31000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
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0 usd
CY2023Q4 us-gaap Accrued Liabilities Current
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10556000 usd
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6377000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
28927000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
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CY2023 tlsi Class Of Warrant Or Right Threshold Number Of Days For Warrants To Be Transferable
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P30D
CY2023Q3 tlsi Class Of Warrant Or Right Repurchase Program Authorized Amount
ClassOfWarrantOrRightRepurchaseProgramAuthorizedAmount
4000000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
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305000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9000 usd
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CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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0
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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0.010
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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0
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
37322000 usd
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DeferredTaxAssetsOperatingLossCarryforwards
30421000 usd
CY2023Q4 tlsi Deferred Tax Assets Fixed Assets And Intangibles
DeferredTaxAssetsFixedAssetsAndIntangibles
2565000 usd
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DeferredTaxAssetsFixedAssetsAndIntangibles
2371000 usd
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1115000 usd
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
815000 usd
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
222000 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
76000 usd
CY2023Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
37000 usd
CY2022Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
35000 usd
CY2023Q4 tlsi Deferred Tax Assets Right Of Use Assets
DeferredTaxAssetsRightOfUseAssets
46000 usd
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DeferredTaxAssetsRightOfUseAssets
52000 usd
CY2023Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
10176000 usd
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DeferredTaxAssetsInProcessResearchAndDevelopment
4613000 usd
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
76000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
51788000 usd
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DeferredTaxAssetsGross
38459000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
470000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
101000 usd
CY2023Q4 tlsi Deferred Tax Assets Before Valuation Allowance
DeferredTaxAssetsBeforeValuationAllowance
51318000 usd
CY2022Q4 tlsi Deferred Tax Assets Before Valuation Allowance
DeferredTaxAssetsBeforeValuationAllowance
38358000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
51318000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
38358000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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0 usd
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0 usd
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13192000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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8728000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 tlsi Standby Equity Purchase Agreement Term
StandbyEquityPurchaseAgreementTerm
P24M
CY2023Q4 tlsi Purchase Agreement Ownership Limitation
PurchaseAgreementOwnershipLimitation
0.0499
CY2023Q4 tlsi Standby Equity Purchase Agreement Maximum Allowable Percentage Of Outstanding Common Stock
StandbyEquityPurchaseAgreementMaximumAllowablePercentageOfOutstandingCommonStock
0.1999
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StandbyEquityPurchaseAgreementNumberOfAdvances
5 advance
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1258000 usd
CY2023Q3 tlsi Preferred Stock Automatic Conversion Period
PreferredStockAutomaticConversionPeriod
P4Y
CY2023Q3 tlsi Preferred Stock Conversion Price Floor
PreferredStockConversionPriceFloor
2.10
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
164006000 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
160507000 usd
CY2022 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
3499000 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
164006000 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
164006000 usd
CY2023 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
39968000 usd
CY2023 tlsi Temporary Equity Value Conversion Of Convertible Securities
TemporaryEquityValueConversionOfConvertibleSecurities
203974000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
9630000 usd
tlsi Class Of Warrant Or Right Transfer Of Warrant To Preferred Stock
ClassOfWarrantOrRightTransferOfWarrantToPreferredStock
25409000 usd
CY2023 tlsi Reverse Recapitalization Stock Value If Converted Amount
ReverseRecapitalizationStockValueIfConvertedAmount
220000000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30898162 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
48081610 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
19194622 shares
CY2023 tlsi Number Of Equity Incentive Plans
NumberOfEquityIncentivePlans
2 plan
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
1
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7766000 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21896348 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16879990 shares
CY2023 us-gaap Preferred Stock Convertible Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
PreferredStockConvertibleDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
2981000 usd
CY2023 tlsi Income Loss From Preferred Stock Convertible Down Round Feature Per Basic Share
IncomeLossFromPreferredStockConvertibleDownRoundFeaturePerBasicShare
0.32
CY2023Q4 tlsi Lessee Number Of Operating Leases
LesseeNumberOfOperatingLeases
4 lease
CY2023Q4 tlsi Lessee Number Of Finance Leases
LesseeNumberOfFinanceLeases
4 lease
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1179000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
233000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
275000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
76000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1156000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
88000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
473000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
443000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
13000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
16000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000 usd
CY2023 tlsi Finance Lease Cost
FinanceLeaseCost
16000 usd
CY2022 tlsi Finance Lease Cost
FinanceLeaseCost
20000 usd
CY2023 us-gaap Lease Cost
LeaseCost
489000 usd
CY2022 us-gaap Lease Cost
LeaseCost
463000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
380000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
87000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
205000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
77000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
213000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
219000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
7000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
226000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
657000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1900000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
180000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
470000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
16000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1431000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
164000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.081
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2023 us-gaap Defined Contribution Plan Cost Recognized
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580000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
431000 usd
CY2023 tlsi Defined Contribution Plan Employer Matching Contribution Percent Of Employees Gross Pay Rate One
DefinedContributionPlanEmployerMatchingContributionPercentOfEmployeesGrossPayRateOne
0.03
CY2023 tlsi Defined Contribution Plan Employer Matching Contribution Percent Of Employees Gross Pay Rate Two
DefinedContributionPlanEmployerMatchingContributionPercentOfEmployeesGrossPayRateTwo
0.035
CY2023 tlsi Defined Contribution Plan Employer Matching Contribution Percent Of Employees Gross Pay Rate Three
DefinedContributionPlanEmployerMatchingContributionPercentOfEmployeesGrossPayRateThree
0.04
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.04

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