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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net income/(loss) $ 15,515 $ (14,609)
Adjustments to reconcile net income/(loss) to net cash flows from operating activities    
Depreciation 467 253
Accretion of debt discount and loan costs 231 11,441
Amortization of intangible assets 5,248 5,084
Provision for inventory obsolescence (297) 57
Stock-based compensation expense 7,845 3,978
Changes in assets and liabilities:    
Accounts receivable (5,040) (19,795)
Inventories (7,278) (5,416)
Prepaid expenses and other assets (1,985) (1,686)
Accounts payable and accrued liabilities (701) 14,844
Taxes payable (40) 0
Net cash flows provided by/(used in) operating activities 13,965 (5,849)
Investing activities:    
Product acquisitions 0 (20,674)
Acquisitions of equipment 0 (79)
Net cash flows used in investing activities 0 (20,753)
Financing activities:    
Proceeds from issuance of common stock 0 48,000
Equity issuance costs 0 (410)
Proceeds from notes payable 20,000 60,000
Proceeds from exercise of stock options 2,761 1,193
Payment on note payable 0 (67,346)
Loss on refinancing of former debt 0 (2,794)
Payment on deferred financing fees (437) 0
Net cash flows provided by financing activities 22,324 38,643
Net change in cash and cash equivalents 36,289 12,041
Cash and cash equivalents at beginning of period 63,888 43,822
Cash and cash equivalents at end of period 100,177 55,863
Cash paid for interest $ 5,037 $ 3,831