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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (15,371) $ (15,522)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 339 246
Amortization intangible assets 166 166
Amortization of right-of-use lease assets 325 269
Stock-based compensation 1,942 1,394
Amortization of debt issuance costs 146 124
Accretion of available for sale securities, net (634)  
Changes in operating assets and liabilities:    
Accounts receivable, net (634) (186)
Inventory (561) (1,984)
Prepaid expenses and other assets (694) (416)
Accounts payable 896 (826)
Accrued expenses and other liabilities (1,614) (423)
Deferred revenue (95) (24)
Accrued compensation (1,187) (863)
Net cash used in operating activities (16,976) (18,045)
Cash flows from investing activities:    
Purchases of available-for-sale securities (15,125)  
Proceeds from maturities of available-for-sale securities 27,300  
Purchases of property and equipment (210) (56)
Net cash provided by (used in) investing activities 11,965 (56)
Financing activities:    
Payment of common stock issuance costs   (598)
Proceeds from exercise of common stock options   242
Proceeds from exercise of pre-funded warrants 1  
Payment of contingent earnout   (117)
Principal repayments on finance lease (7) (13)
Net cash used in financing activities (6) (486)
Net decrease in cash and cash equivalents (5,017) (18,587)
Cash and cash equivalents at beginning of period 17,665 84,641
Cash and cash equivalents at end of period 12,648 66,054
Cash paid for:    
Interest 1,387 848
Supplemental schedule of non-cash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for lease liabilities 1,802 168
Lease liabilities recorded for operating lease right-of-use assets $ (1,802) $ (168)