XML 13 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net loss $ (8,190) $ (9,100)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 776 1,115
Provision for bad debts 21 0
Amortization of right-of-use lease assets 9 25
Amortization of discount on short-term investments (2,411) (1,505)
Stock-based compensation 7,140 4,696
Provision for excess and obsolete inventory 31 111
Change in operating assets and liabilities:    
Accounts receivable (928) (1,269)
Inventories (1,597) (1,390)
Prepaid and other assets 254 569
Accounts payable 2,226 1,176
Accrued expenses and other liabilities (6,163) (3,737)
Net cash used in operating activities (8,832) (9,309)
Investing Activities:    
Purchases of property and equipment (575) (1,967)
Maturities of short-term investments 60,000 74,000
Purchases of short-term investments (38,570) (47,759)
Net cash used in investing activities 20,855 24,274
Financing Activities:    
Proceeds from issuance of common stock 696 10,153
Payments for employee taxes related to stock compensation (1,418) (2,134)
Principal payments on finance lease liabilities (13) (27)
Net cash (used in) provided by financing activities (735) 7,992
Effect of foreign exchange rate on cash, cash equivalents and restricted cash 6 (3)
Net increase in cash, cash equivalents and restricted cash 11,294 22,954
Cash, cash equivalents and restricted cash - beginning of period 17,456 10,402
Cash, cash equivalents and restricted cash - end of period 28,750 33,356
Supplemental disclosure of cash flow information:    
Operating cash flows from operating leases 694 548
Cash paid for income taxes 3 0
Cash paid for interest on financing leases 5 5
Non-cash investing and financing activities:    
Acquisition of property and equipment included in accounts payable and accrued expenses and other current liabilities 204 343
Deferred offering costs included in accounts payable and accrued liabilities $ 0 $ 225