XML 24 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (48,499) $ (46,665)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,426 2,079
Amortization intangible assets 586 531
Amortization of right-of-use lease assets 985 957
Stock-based compensation 2,372 1,644
Change in fair value of warrant liabilities (71) (346)
Amortization of debt issuance costs 778 807
Loss on disposal of assets 2 57
Change in fair value of forward obligation (52) 250
Change in fair value of contingent earnout 261 (473)
Changes in operating assets and liabilities:    
Accounts receivable, net (582) 707
Inventory (3,812) 2,379
Prepaid expenses and other assets (2,646) 156
Accounts payable 1,128 (369)
Accrued expenses and other liabilities (71) (1,850)
Deferred revenue (72) 222
Accrued compensation (338) 1,370
Net cash used in operating activities (48,605) (38,544)
Cash flows from investing activities:    
Purchases of property and equipment (638) (916)
Acquisition of intangible assets (1,335)  
Net cash used in investing activities (1,973) (916)
Financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 84,390  
Proceeds from exercise of common stock options 271 44
Payment of contingent consideration (667) (987)
Borrowing on Small Business Administration loan   5,138
Repayment on Small Business Administration loan   (5,138)
Principal repayments on finance lease (47) (40)
Payments of debt issuance costs (450)  
Net cash provided by (used in) financing activities 83,497 (983)
Net increase (decrease) in cash and cash equivalents 32,919 (40,443)
Cash and cash equivalents at beginning of year 51,722 92,165
Cash and cash equivalents at end of year 84,641 51,722
Cash paid for:    
Taxes 2  
Interest 3,445 3,446
Supplemental schedule of non-cash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for lease liabilities 424 $ 3,082
Conversion of convertible preferred stock into common stock on initial public offering 281,342  
Settlement of outstanding forward obligation into common stock on initial public offering 2,698  
Reclassification of convertible preferred stock warrant into common stock warrant on initial public offering $ 3,978