XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net loss $ (62,112) $ (28,733)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization expense 4,475 964
Amortization of financing lease right-of-use asset 117 0
Amortization of interest on securities 551 0
Non-cash lease expense 337 0
Non-cash interest expense 0 383
Stock-based compensation 10,878 2,129
Change in fair value of contingent consideration 158 0
Gain on forgiveness of PPP Loan 0 (1,775)
Loss on debt extinguishment 0 2,076
Cost of leased equipment sold to customer 204 0
Changes in operating assets and liabilities:    
Accounts receivable 24 (63)
Inventory (12,095) (3,605)
Prepaid expenses and other current assets 186 400
Accounts payable (2,072) 816
Accrued expenses and contract liabilities (1,477) 1,085
Net cash used in operating activities (60,826) (26,323)
Investing Activities:    
BioDiscovery acquisition, return of purchase consideration from escrow 694 0
Purchases of property and equipment (371) (76)
Purchase of available for sale securities (29,541) 0
Sale and maturity of available for sale securities 93,475 0
Construction in progress (1,080) 0
Sale of property and equipment 27 126
Net cash provided by / (used in) investing activities 63,204 50
Financing activities:    
Repayment of term-loan debt 0 (17,010)
Principal payments of financing lease liability (17) 0
Proceeds from sale of common stock 0 328,635
Offering expenses on sale of common stock 0 (1,149)
Proceeds from sale of common stock under employee stock purchase plan 75 65
Proceeds from warrant and option exercises 152 9,837
Net cash provided by financing activities 210 320,378
Net increase in cash and cash equivalents 2,588 294,105
Cash and cash equivalents at beginning of period 24,571 38,449
Cash and cash equivalents at end of period 27,159 332,554
Supplemental cash flow disclosures:    
Cash paid for interest 139 487
Cash paid for operating lease liabilities 695 422
Supplemental disclosure of non-cash investing and financing activities:    
Transfer of instruments and servers from inventory to property and equipment, net 3,890 2,035
Operating lease liabilities resulting from obtaining right-of-use assets 517 2,013
Forgiveness of PPP Loan 0 1,775
Warrant exercise pursuant to cashless exercise $ 0 $ 129