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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (17,910) $ (18,346)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and accretion 144 110
Stock-based compensation expense 2,469 1,599
Noncash interest expense 1,521 335
Changes in operating assets and liabilities    
Accounts receivable, other receivables, prepaid, and other current assets 4,234 (240)
Inventories (6,900) (2,734)
Operating lease right-of-use asset 221 236
Accounts payable and accrued expenses (2,010) (421)
Operating lease liability (245) (102)
Other liabilities and other assets (634) (1,955)
Net cash used in operating activities (19,110) (21,518)
Investing activities    
Purchase of fixed assets (36) (262)
Purchase of marketable securities (15,160) 0
Proceeds from maturities of marketable securities 0 20,000
Net cash (used) provided by investing activities (15,196) 19,738
Financing activities    
Payment of long-term royalty-backed loan agreement debt issuance costs 0 (397)
Proceeds from sale of common stock, net of costs 3,091 0
Proceeds from the employee stock purchase plan and stock options 6 3
Net cash (used) provided by financing activities 3,097 (394)
Net (decrease) increase in cash, cash equivalents and restricted cash (31,209) (2,174)
Cash, cash equivalents and restricted cash at beginning of period 80,617 106,048
Cash, cash equivalents and restricted cash at end of period 49,408 103,874
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 1,181 975
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES    
Paid in-kind interest included in accrued expenses $ 1,161 $ 0