XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (28,556) $ (36,802)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation 521 198
Amortization of right-of-use assets 430 401
Stock-based compensation expense 4,640 4,651
Provision for inventory 540  
Non cash interest expense 226 106
Amortization (accretion) of premium (discount) on marketable securities 251 (59)
Loss on disposal of fixed assets   262
Amortization of debt discount and debt issuance costs 2,485 2,262
Premium paid on securities purchased 3  
Changes in operating assets and liabilities:    
Accounts receivable (340) 6,753
Inventory 2,178 (3,101)
Prepaid expenses and other current assets (2,189) (441)
Accounts payable 124 (3,035)
Accrued expenses and other current liabilities 1,570 1,025
Lease liabilities (357) (417)
Net cash used in operating activities (18,474) (28,197)
Cash flows from investing activities    
Purchases of property and equipment (801) (3,244)
Purchases of marketable securities (2,000)  
Sale and redemption of marketable securities 13,750 41,198
Net cash provided by investing activities 10,949 37,954
Cash flows from financing activities    
Proceeds from revolving line of credit   20,000
Proceeds from issuance of common stock (net of issuance costs) 1,700  
Payments of public offering costs (125)  
Payments on notes payable (3,055)  
Proceeds from the exercise of stock options 8 9
Net cash (used in) provided by financing activities (1,472) 20,009
Net (decrease) increase in cash and cash equivalents (8,997) 29,766
Cash and cash equivalents at beginning of period 107,704 82,253
Cash and cash equivalents at end of period 98,707 112,019
Non-cash investing and financing activities    
Purchases of property and equipment in accounts payable and accrued expenses 30 1,436
Supplemental disclosures of cash flow information    
Cash paid for interest $ 955 $ 703