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Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (51,537) $ (18,709)
Adjustments to reconcile net loss to net cash used in operating activities:    
Noncash inventory reserve 1,415  
Depreciation 1,546 8
Amortization 102 82
Noncash stock-based compensation 2,472 1,460
Noncash interest 1,262 447
Changes in operating assets and liabilities:    
Accounts receivable (444)  
Inventory (4,875)  
Prepaid expenses and other assets (885) (686)
Accounts payable and accrued expenses 2,462 2,839
Lease liability (102) (90)
Net cash used in operating activities (48,584) (14,649)
Cash flows from investing activities:    
Purchases of marketable securities   (47,822)
Sales and maturities of marketable securities 39,729  
Acquisition of property and equipment (214) (222)
Net cash provided by (used in) investing activities 39,515 (48,044)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt   20,000
Debt financing costs paid   (1,059)
Proceeds from exercise of stock options 75 285
Net cash provided by financing activities 9,341 67,660
Net increase in cash and cash equivalents 272 4,967
Cash and cash equivalents, beginning of period 14,463 34,479
Cash and cash equivalents, end of period 14,735 39,446
Supplemental disclosure of noncash financing activities    
Warrants issued in connection with long-term debt 1,080 3,570
Supplemental cash flow information    
Interest paid 1,782 1,498
Public offering    
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs   $ 48,434
At-the-market sales    
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs $ 9,266