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Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (17,128,000) $ (7,883,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 513,000 4,000
Amortization 33,000 40,000
Noncash stock-based compensation 742,000 621,000
Noncash interest 437,000 101,000
Changes in operating assets and liabilities:    
Accounts receivable 543,000  
Inventory (1,590,000)  
Prepaid expenses and other assets 421,000 168,000
Accounts payable and accrued expenses 1,393,000 (891,000)
Lease liability (32,000) (44,000)
Net cash used in operating activities (14,668,000) (7,884,000)
Cash flows from investing activities:    
Sales and maturities of marketable securities 16,256,000  
Acquisition of property and equipment (71,000) (164,000)
Net cash provided by (used in) investing activities 16,185,000 (164,000)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt   20,000,000
Debt financing costs paid   (1,059,000)
Proceeds from exercise of stock options 75,000 119,000
Net cash provided by financing activities 484,000 67,494,000
Net increase in cash and cash equivalents 2,001,000 59,446,000
Cash and cash equivalents, beginning of period 14,463,000 34,479,000
Cash and cash equivalents, end of period 16,464,000 93,925,000
Supplemental disclosure of noncash financing activities    
Warrants issued in connection with long-term debt 1,080,000 3,570,000
Supplemental cash flow information    
Interest paid 588,000 297,000
Public offering    
Cash flows from financing activities:    
Proceeds from issuance of common stock in public offering, net of offering costs   $ 48,434,000
At-the-market sales    
Cash flows from financing activities:    
Proceeds from issuance of common stock in public offering, net of offering costs $ 409,000