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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (23,738) $ (22,734)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,595 1,711
Gain on disposals of assets, net (3) 0
Gain on debt retirement 0 (106)
Amortization of (discounts) premiums on investments, net (397) (203)
Stock-based compensation expense 2,581 3,131
Shares issued as payment for services 528 545
Accretion of debt discount and amortization of deferred financing costs 0 34
Deferred income taxes (29) (55)
Receivables:    
Trade 30 (793)
Other 383 (925)
Prepaid expenses and other 699 743
Other assets 4 (27)
Accounts payable 2,653 (249)
Accrued compensation and benefits 1,722 1,936
Other accrued liabilities (126) (1,597)
Deferred revenue (32) 22
Lease liabilities 40 195
Other long-term liabilities 0 (16)
Net cash used in operating activities (14,090) (18,388)
Cash flows from investing activities    
Purchases of investments (17,190) (108,163)
Sales and maturities of investments 45,583 57,909
Purchases of property, plant and equipment (4,351) (154)
Proceeds from sale of assets 3 0
Net cash provided by (used in) investing activities 24,045 (50,408)
Cash flows from financing activities    
Proceeds from issuance of shares, net of issuance costs 0 73,501
Payments of long-term debt and convertible notes, including cost to retire of $57 in 2023 0 (29,327)
Net cash provided by financing activities 0 44,174
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (60) (28)
Net increase (decrease) in cash, cash equivalents, and restricted cash 9,895 (24,650)
Cash, cash equivalents, and restricted cash    
Beginning of period 7,848 48,596
End of period 17,743 23,946
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 3 924
Accrued compensation paid in equity awards 0 3,361
Purchases of property and equipment included in accounts payable and other accrued liabilities 2,109 24
Issuance costs included in accounts payable and other accrued liabilities 0 719
Cash, cash equivalents, and restricted cash    
Cash and cash equivalents 17,478  
Restricted cash included in other assets 265  
Cash, cash equivalents, and restricted cash $ 17,743 $ 23,946