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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 84,641 $ 51,722
Accounts receivable, net 2,516 1,934
Inventory 8,150 4,338
Prepaid expenses and other current assets 3,552 901
Total current assets 98,859 58,895
Property and equipment, net 2,366 3,153
Operating lease right-of-use assets 2,746 3,308
Intangible assets, net 2,956 2,208
Goodwill 8,454 8,454
Other assets 118 123
Total assets 115,499 76,141
Current liabilities:    
Accounts payable 3,061 1,930
Accrued expenses 4,758 3,247
Accrued compensation 3,376 3,714
Operating lease liabilities 975 802
Term loan   28,352
Other current liabilities 2,482 2,756
Total current liabilities 14,652 40,801
Warrant liabilities   1,914
Operating lease liabilities, net of current 1,730 2,449
Term loan, net of current 26,496  
Forward obligation   2,750
Other liabilities 558 776
Total liabilities 43,436 48,690
Commitments and contingencies (Note 8)
Convertible preferred stock, $0.0001 par value; authorized - none as of December 31, 2021 and 17,528,207 shares as of December 31, 2020; issued and outstanding - none as of December 31, 2021 and 17,031,887 shares as of December 31, 2020; aggregate liquidation preference - none as of December 31, 2021 and $282,198 as of December 31, 2020 [1]   281,342
Stockholders' deficit:    
Preferred stock, $0.001 par value; authorized - 10,000,000 shares as of December 31, 2021 and none as of December 31, 2020; issued and outstanding - none as of December 31, 2021 and 2020
Common stock, $0.001 par value; authorized - 500,000,000 shares as of December 31,2021 and 21,643,836 shares as of December 31,2020; issued - 26,336,536 shares as of December 31, 2021 and 1,247,024 shares as of December 31, 2020; outstanding - 26,289,847 shares as of December 31, 2021 and 1,200,335 shares as of December 31, 2020 26 2
Additional paid-in-capital 384,132 9,703
Accumulated deficit (312,044) (263,545)
Stockholders' deficit before treasury stock 72,114 (253,840)
Less: Treasury stock (51) (51)
Total stockholders’ deficit 72,063 (253,891)
Total liabilities, convertible preferred stock and stockholders’ deficit $ 115,499 $ 76,141
[1] The carrying value reflects the gross proceeds received from the sale of the preferred stock net of issuance costs and the fair value at issuance of preferred stock warrants classified as a liability