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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (102,254,000) $ (58,417,000)
Adjustments to reconcile net loss to cash flows used in operating activities:    
Amortization of intangible assets 2,050,000 2,460,000
Impairment of intangible assets 20,699,000 0
Depreciation of property and equipment 396,000 311,000
Amortization of debt discount and premium and discount on available-for-sale marketable securities (558,000) 628,000
Loss (gain) on extinguishment of debt 1,559,000 (2,065,000)
Provision for excess and obsolete inventory 1,949,000 1,278,000
Stock-based compensation 14,177,000 7,447,000
Changes in operating assets and liabilities:    
Accounts receivable and other current assets (2,662,000) (10,603,000)
Inventory (760,000) 1,347,000
Accounts payable and accrued expenses 1,198,000 8,476,000
Right-of-use assets and operating lease liabilities 69,000 (28,000)
Deferred revenue (868,000) (931,000)
Net cash used in operating activities (65,005,000) (50,097,000)
Cash flows from investing activities:    
Purchases of marketable securities (139,115,000) (32,965,000)
Sales and maturities of marketable securities 124,000,000 0
Purchases of property and equipment (2,150,000) (156,000)
Net cash used in investing activities (17,265,000) (33,121,000)
Cash flows from financing activities:    
Proceeds from issuance of stock and pre-funded warrants, net of issuance costs 0 216,825,000
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 43,875,000 0
Repayment under revolving facility (33,400,000) 0
Net settlement of stock units to satisfy statutory tax withholding (295,000) (150,000)
Proceeds from exercise of stock options 395,000 373,000
Principal payments on finance lease obligations (137,000) (146,000)
Net cash (used in) provided by financing activities (690,000) 216,902,000
Net (decrease) increase in cash, cash equivalents and restricted cash (82,960,000) 133,684,000
Cash, cash equivalents and restricted cash at beginning of year 178,743,000 45,059,000
Cash, cash equivalents and restricted cash at end of year 95,783,000 178,743,000
Supplemental cash flow information:    
Cash interest paid 2,600,000 4,846,000
Supplemental disclosure of non-cash investing and financing activities:    
Stock issuance costs 0 294,000
Accrued term loan exit fee 600,000 0
Payments forgiven under paycheck protection program loan $ 0 $ 2,041,000