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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (32,872) $ (33,194)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 6,428 5,794
Amortization of premiums and discounts on short-term investments, net (809) (2,062)
Non-cash interest expense 58 58
Non-cash lease expense 230 231
Depreciation 99 81
Changes in operating assets and liabilities:    
Accounts receivable (432) (1,814)
Inventory 328 (1,362)
Prepaid expenses and other current assets 2,427 845
Other non-current assets 253 275
Operating lease liabilities (254) (250)
Accounts payable and accrued liabilities (4,266) (6,670)
Net cash used in operating activities (28,810) (38,068)
Cash flows from investing activities:    
Purchases of property and equipment (1,280) (2,058)
Purchase of short-term investments (26,555) (23,052)
Maturity of short-term investments 34,819 92,000
Net cash provided by investing activities 6,984 66,890
Cash flows from financing activities:    
Issuance of common stock upon exercise of stock options 0 76
Proceeds from issuance of common stock under employee stock purchase plan 94 294
Deferred offering costs paid for financing (17) (49)
Net cash provided by financing activities 77 321
Net (decrease) increase in cash, cash equivalents and restricted cash (21,749) 29,143
Cash, cash equivalents and restricted cash, beginning of year 62,952 39,083
Cash, cash equivalents and restricted cash, end of period 41,203 68,226
Supplemental disclosure of cash flow information:    
Interest paid during the period 115 115
Supplemental disclosure of non-cash activities:    
Accrued property and equipment $ 591 $ 519