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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating Activities:    
Net loss $ (48,608) $ (66,756)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,078 3,884
Amortization of right-of-use lease assets 165 138
Amortization of debt issuance costs and premium 287 552
Loss on extinguishment of debt 1,769 0
Amortization of discount on short-term investments (6,122) (1,405)
Stock-based compensation 15,746 11,397
Provision for excess and obsolete inventory 164 752
Change in operating assets and liabilities:    
Accounts receivable (9,325) (6,094)
Inventories (2,749) (7,555)
Prepaid and other assets (562) 789
Accounts payable 1,250 635
Accrued expenses and other liabilities 2,314 4,813
Net cash used in operating activities (41,593) (58,850)
Investing Activities:    
Purchases of property and equipment (4,814) (2,393)
Maturity of short-term investments 255,000 255,000
Purchase of short-term investments (272,315) (212,657)
Net cash (used in) provided by investing activities (22,129) 39,950
Financing Activities:    
Proceeds from term loan 20,000 0
Repayment of term loan (60,000) 0
Proceeds from issuance of common stock from public offering 54,050 0
Proceeds from issuance of common stock for at-the-market offerings 42,434 6,050
Proceeds from Issuance of Common Stock 9,473 1,778
Payments for employee taxes related to stock compensation (1,423) (643)
Principal payments on finance lease liabilities (153) (121)
Payments of deferred offering costs (622) (587)
Payments of debt issuance costs (2,235) (145)
Net cash provided by financing activities 61,524 6,332
Effect of foreign exchange rate on cash, cash equivalents and restricted cash 6 (9)
Net decrease in cash, cash equivalents and restricted cash (2,192) (12,577)
Cash, cash equivalents and restricted cash - beginning of period 12,595 25,172
Cash, cash equivalents and restricted cash - end of period 10,403 12,595
Supplemental disclosure of cash flow information:    
Operating cash flows from operating leases 2,216 2,187
Cash paid for income taxes 8 3
Cash paid for interest on financing leases 12 18
Cash paid for interest on term loan 3,464 4,239
Right-of-use assets obtained in exchange for lease obligations:    
Operating lease 46 1,090
Finance lease 102 311
Lease obligations recorded for right-of-use assets:    
Operating lease 46 1,090
Finance lease 102 311
Acquisition of property and equipment included in accounts payable and accrued expenses and other current liabilities 282 299
Deferred offering costs included in accounts payable and accrued liabilities 145 133
Reclassification of deferred financing costs $ 1,390 $ 90