XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net loss $ (34,328) $ (20,282)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,025 1,944
Amortization of right-of-use lease assets 56 15
Amortization of debt issuance costs and premium 265 229
Change in fair value of warrants 0 (1,214)
Gain on expiration of warrant 0 (5,018)
Amortization of discount on short-term investments (231) (15)
Stock-based compensation 5,553 2,645
Provision for excess and obsolete inventory 120 1,749
Change in operating assets and liabilities:    
Accounts receivable (2,022) (1,071)
Inventories (3,710) (2,004)
Prepaid and other assets 1,099 (1,250)
Accounts payable 1,348 1,195
Accrued expenses and other liabilities 17 846
Net cash used in operating activities (29,808) (22,231)
Investing Activities:    
Purchases of property and equipment (1,451) (1,321)
Maturities of short-term investments 135,000 40,000
Purchases of short-term investments (104,564) (4,999)
Net cash provided by investing activities 28,985 33,680
Financing Activities:    
Proceeds from term loan   15,000
Payments of debt issuance costs (142) (122)
Payments for employee taxes related to stock compensation (362)  
Principal payments on finance lease liabilities (60) (16)
Payments of deferred offering costs   (242)
Change in notes receivables for redeemable common stock issued   439
Proceeds from issuance of common stock 1,044 1,332
Net cash (used in) provided by financing activities 480 16,391
Effect of foreign exchange rate on cash, cash equivalents and restricted cash (14) (3)
Net (decrease) increase in cash, cash equivalents and restricted cash (357) 27,837
Cash, cash equivalents and restricted cash - beginning of period 25,172 14,455
Cash, cash equivalents and restricted cash - end of period 24,815 42,292
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows from operating leases 1,023 598
Cash paid for income taxes 3 14
Cash paid for interest on financing leases 3 3
Cash paid for interest on term loan 1,904 1,291
Right-of-use assets obtained in exchange for lease obligations:    
Operating lease 1,090  
Finance Lease 288  
Lease obligations recorded for right-of-use assets:    
Operating lease 1,090  
Finance Lease 256  
Acquisition of property and equipment included in accounts payable and accrued expenses and other current liabilities $ 238 76
Deferred offering costs included in accrued expenses   (1,233)
Payment-in-kind interest income added to principal of notes receivable   26
Reclassification of 4,093,995 shares of redeemable common stock to 4,093,995 shares of common stock   87,702
Reclassification of redeemable common stock options to common stock options   $ 47,370