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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (42,732) $ (42,396)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 2,040 1,465
Stock-based compensation expense 29,284 17,478
Accretion of discounts on investments, net (5,280) (338)
Amortization of debt discount and debt issuance costs 173 160
Amortization of right-of-use asset 821 766
Non-cash interest expense 600 823
Loss on extinguishment of debt   245
Loss on disposal of property and equipment 144 175
Change in accounts receivable allowances 45 (3)
Provision for excess and obsolete inventories 23 5
Changes in assets and liabilities:    
Accounts receivable (3,816) (5,184)
Inventories (2,796) (2,446)
Prepaid expenses and other current assets (353) (1,132)
Other assets (253) (52)
Accounts payable 2,477 1,665
Accrued liabilities (2,808) (744)
Other liabilities (1,130) (344)
Net cash used in operating activities (23,561) (29,857)
Cash flows from investing activities    
Purchases of property and equipment (1,054) (3,438)
Purchases of investments (148,842) (53,679)
Proceeds from maturity of investments 144,300  
Net cash used in investing activities (5,596) (57,117)
Cash flows from financing activities    
Proceeds from issuance of common stock 2,832 3,067
Proceeds from long-term debt   75,000
Principal repayment of debt   (49,000)
Payments of debt issuance costs   (1,086)
Payments of deferred offering costs   (9)
Net cash provided by financing activities 2,832 27,972
Net change in cash, cash equivalents and restricted cash (26,325) (59,002)
Cash, cash equivalents and restricted cash, beginning of period 55,513 110,463
Cash, cash equivalents and restricted cash, end of period 29,188 51,461
Supplemental disclosure of cash flow information    
Cash paid for interest 4,364 2,383
Noncash investing and financing activities:    
Accounts payable and accrued liabilities for purchases of property and equipment 71 176
Right-of-use asset obtained in exchange for lease obligation $ 2,504 903
Unpaid debt issuance costs   3
Unpaid deferred offering costs   $ 162