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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net loss $ (35,118) $ (30,608)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 723 563
Stock-based compensation expense 10,628 4,953
Amortization of premiums on investments, net 451 145
Amortization of debt discount and debt issuance costs 119 35
Amortization of right-of-use asset 627 447
Non-cash interest expense 193 249
Loss on disposal of property and equipment   51
Change in provision for doubtful accounts receivable   (26)
Provision for excess and obsolete inventories 56 109
Changes in assets and liabilities:    
Accounts receivable (1,906) (771)
Inventories (3,744) (732)
Prepaid expenses and other current assets (2,014) (565)
Other assets (107) 200
Accounts payable 1,304 29
Accrued liabilities 629 (2,054)
Other liabilities 656 176
Net cash used in operating activities (27,503) (27,799)
Cash flows from investing activities    
Purchases of property and equipment (2,006) (587)
Purchases of investments   (58,884)
Proceeds from maturity of investments 60,400 37,180
Net cash provided by (used in) investing activities 58,394 (22,291)
Cash flows from financing activities    
Proceeds from public offerings, net of underwriting discount, commissions and offering costs paid   70,568
Proceeds from issuance of common stock 5,207 2,809
Net cash provided by financing activities 5,207 73,377
Net change in cash, cash equivalents and restricted cash 36,098 23,287
Cash, cash equivalents and restricted cash, beginning of period 69,776 39,491
Cash, cash equivalents and restricted cash, end of period 105,874 62,778
Supplemental disclosure of cash flow information    
Cash paid for interest 1,571 3,336
Noncash investing and financing activities:    
Accounts payable and accrued liabilities for purchases of property and equipment 1,298 118
Offering costs in accrued liabilities   $ 25
Right-of-use asset obtained in exchange for lease obligation $ 3,398