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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (58,802,000) $ (38,985,000)
Adjustments to reconcile net loss to cash flows used in operating activities:    
Amortization of intangible assets 1,845,000 1,845,000
Depreciation of property and equipment 266,000 228,000
Amortization of debt discount and premium and discount on available-for-sale marketable securities (218,000) 462,000
(Gain) loss on extinguishment of debt 1,559,000 (2,065,000)
Stock-based compensation 10,816,000 4,639,000
Changes in operating assets and liabilities:    
Accounts receivable and other current assets (8,942,000) (4,622,000)
Inventory 85,000 767,000
Accounts payable and accrued expenses 1,681,000 5,030,000
Right-of-use assets and operating lease liabilities (44,000) 6,000
Deferred revenue (663,000) (734,000)
Net cash used in operating activities (52,417,000) (33,429,000)
Cash flows from investing activities:    
Purchases of marketable securities (125,617,000) 0
Sales and maturities of marketable securities 77,000,000 0
Purchases of property and equipment (1,565,000) (156,000)
Net cash used in investing activities (50,182,000) (156,000)
Cash flows from financing activities:    
Proceeds from issuance of stock 0 108,349,000
Proceeds from issuance of long-term debt 30,000,000 0
Payment of equity and debt issue costs (599,000) 0
Payment of long-term debt (38,235,000) 0
Payment of extinguishment of debt costs (2,294,000) 0
Borrowings under revolving facility 32,409,000 0
Repayment under revolving facility (21,934,000) 0
Net settlement of stock units to satisfy statutory tax withholding (271,000) (145,000)
Proceeds from exercise of stock options 395,000 284,000
Principal payments on finance lease obligations (103,000) (102,000)
Net cash (used in) provided by financing activities (632,000) 108,386,000
Net increase (decrease) in cash, cash equivalents and restricted cash (103,231,000) 74,801,000
Cash, cash equivalents and restricted cash at beginning of period 178,743,000 45,059,000
Cash, cash equivalents and restricted cash at end of period 75,512,000 119,860,000
Supplemental cash flow information:    
Cash interest paid 1,907,000 3,624,000
Supplemental disclosure of non-cash investing and financing activities:    
Accrued term loan exit fee 600,000 0
Payments forgiven under paycheck protection program loan $ 0 $ 2,041,000