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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (14,127) $ (33,061)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 137 710
Amortization intangible assets 51 331
Amortization of right-of-use lease assets 602 628
Excess and obsolete inventory provisions 241 2,917
Impairment of long-lived assets 161  
Stock-based compensation 3,593 4,001
Amortization of debt issuance costs 1,444 297
Accretion of available for sale securities, net (353) (1,272)
Gain on sale of discontinued operations (5,703)  
Changes in operating assets and liabilities:    
Accounts receivable, net 554 (510)
Inventory (1,398) (616)
Prepaid expenses and other assets 1,716 6,543
Accounts payable (245) (3,346)
Other accrued expenses and other liabilities (3,041) (2,056)
Deferred revenue 169 19
Accrued compensation (1,208) (926)
Net cash used in operating activities (17,407) (26,341)
Cash flows from investing activities:    
Purchases of available-for-sale securities (2,118) (30,733)
Proceeds from maturities of available-for-sale securities 26,698 52,500
Purchases of property and equipment (161) (627)
Proceeds from sale of discontinued operations, net 14,204  
Net cash provided by investing activities 38,623 21,140
Financing activities:    
Principal repayments on term loan (19,500)  
Tax paid on vested stock awards under employee stock plan (4)  
Issuance of stock under employee stock plans   117
Proceeds from exercise of pre-funded warrants   1
Principal repayments on finance lease (18) (15)
Net cash provided by (used in) financing activities (19,522) 103
Net decrease in cash and cash equivalents 1,694 (5,098)
Cash and cash equivalents at beginning of period 14,009 17,665
Cash and cash equivalents at end of period 15,703 12,567
Cash paid for:    
Interest 2,129 2,828
Supplemental schedule of non-cash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for lease liabilities $ 858 $ 1,792