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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (65,765) $ (60,513)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of acquired contract intangible asset 0 3,724
Share-based compensation expense 11,954 9,643
Amortization of premiums and discounts on short-term investments, net (3,136) (1,215)
Non-cash interest expense 58 0
Non-cash lease expense 461 382
Depreciation and amortization expense 169 159
Changes in operating assets and liabilities:    
Accounts receivable (3,626) (1,862)
Inventory (3,265) (1,861)
Prepaid expenses and other current assets 3,603 (1,463)
Other non-current assets 518 437
Operating lease liabilities, net (502) (291)
Accounts payable and accrued liabilities (132) 3,220
Net cash used in operating activities (59,663) (49,640)
Investing activities:    
Purchases of property and equipment (3,972) (444)
Purchases of short-term investments (64,439) (145,192)
Maturities of short-term investments 151,617 12,750
Net cash provided by (used in) investing activities 83,206 (132,886)
Financing activities:    
Proceeds from issuance of common stock and prefunded warrants to PIPE Investors 0 72,500
Issuance of common stock upon exercise of stock options 78 401
Proceeds from issuance under employee stock purchase plan 408 323
Issuance of common stock upon exercise of warrants 0 55
Deferred offering costs paid for financing (160) (337)
Costs incurred in connection with issuance of common stock 0 (322)
Net cash provided by financing activities 326 72,620
Net increase (decrease) in cash, cash equivalents and restricted cash 23,869 (109,906)
Cash, cash equivalents and restricted cash at beginning of year 39,083 148,989
Cash, cash equivalents and restricted cash at end of year 62,952 39,083
Supplemental disclosure of cash flow information:    
Interest paid during the period 230 230
Costs incurred in connection with issuance of common stock paid during the period 0 322
Supplemental disclosure of non-cash activities:    
Deferred transaction costs included in accounts payable and accrued liabilities 46 0
Amounts accrued for purchases of property and equipment 571 80
Right-of-use assets obtained in exchange for operating lease liabilities $ 0 $ 1,241