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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (28,239) $ (65,904) $ (71,648)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 8,332 7,113 5,496
Loss on disposal of fixed assets 182 427 221
Interest paid in kind 3,836 2,998 0
Stock-based compensation 6,187 5,215 3,488
Amortization of debt discount 2,594 2,402 1,897
Loss on extinguishment of debt 26,174 6,670 0
Amortization of license revenue (143) (143) (143)
Changes in operating assets and liabilities:      
Accounts receivable (11,916) 13,072 (15,340)
Inventories (9,626) (38,556) (43,188)
Prepaid expenses and other current assets (239) (756) (1,293)
Deposits and other assets 1,080 122 (1,775)
Accounts payable 3,839 800 1,356
Accrued expenses 7,530 7,534 8,341
Other current and non-current liabilities (791) (502) 219
Net cash provided by (used in) operating activities 8,800 (59,508) (112,369)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (4,771) (13,911) (13,511)
Acquisition of intangible assets (210) 0 0
Net cash used in investing activities (4,981) (13,911) (13,511)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Principal payments on notes payable (158,584) (100,000) 0
Proceeds from issuance of common stock, net of offering expenses 0 64,645 121,144
Payment of debt refinancing fees (11,140) (2,000) 0
Proceeds from issuance of note payable 135,000 151,750 0
Taxes paid on vested Restricted Stock Units (1,415) (2,899) (62)
Payments on finance lease obligations (17) (36) (34)
Net proceeds from the exercise of stock options 1,104 175 0
Payment of end of term fee (1,586) 0 0
Payment of deferred financing fees (2,351) (2,783) 0
Net cash (used in) provided by financing activities (38,989) 108,852 121,048
Net (decrease) increase in cash and cash equivalents (35,170) 35,433 (4,832)
Cash and cash equivalents - beginning of year 86,522 51,089 55,921
Cash and cash equivalents - end of year $ 51,352 $ 86,522 $ 51,089