XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (30,608) $ (44,124)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 563 530
Stock-based compensation expense 4,953 2,023
Change in fair value of redeemable convertible preferred stock warrant liability 0 21,030
Amortization of premiums (accretion of discounts) on investments, net 145 0
Amortization of debt discount and debt issuance costs 35 34
Amortization of right-of-use asset 447 440
Non-cash interest expense 249 595
Loss on disposal of property and equipment 51 0
Change in provision for doubtful accounts receivable (26) 641
Provision for excess and obsolete inventories 109 78
Changes in assets and liabilities    
Accounts receivable (771) (3,575)
Inventories (732) (3,609)
Prepaid expenses and other current assets (565) (2,096)
Other assets 200 764
Accounts payable 29 712
Accrued liabilities (2,054) 2,777
Other liabilities 176 (569)
Net cash used in operating activities (27,799) (24,349)
Cash flows from investing activities    
Purchases of property and equipment (587) (337)
Purchases of investments (58,884) 0
Proceeds from maturity of investments 37,180 0
Net cash used in investing activities (22,291) (337)
Cash flows from financing activities    
Proceeds from public offerings, net of underwriting discount, commissions and offering costs paid 70,568 109,352
Proceeds from issuance of common stock 2,809 806
Net cash provided by financing activities 73,377 111,973
Net change in cash, cash equivalents and restricted cash 23,287 87,287
Cash, cash equivalents and restricted cash, beginning of period 39,491 25,300
Cash, cash equivalents and restricted cash, end of period 62,778 112,587
Supplemental disclosure of cash flow information    
Cash paid for interest 3,336 3,107
Non-cash investing and financing activities:    
Accounts payable and accrued liabilities for purchases of property and equipment 118 9
Offering costs in accounts payable and accrued liabilities 25 0
Right-of-use asset obtained in exchange for lease obligation 0 3,982
Net exercise of convertible preferred stock warrants to preferred stock 0 37,121
Conversion of convertible preferred stock to common stock upon initial public offering 0 144,140
Redeemable Convertible Preferred Stock    
Cash flows from financing activities    
Proceeds from exercise of stock warrants 0 1,784
Common Stock Warrant    
Cash flows from financing activities    
Proceeds from exercise of stock warrants $ 0 $ 31