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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net loss $ (28,071) $ (33,155)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 232 422
Amortization of deferred financing costs 169 157
Amortization of deferred compensation for services 47 77
Amortization of (discount) premium on investment securities 15 157
Non-cash lease expense 842 607
Stock-based compensation 3,722 3,087
Change in derivative liabilities 15 36
Debt refinancing costs 102 0
Gain on sale of equipment (710) 0
Non-cash interest associated with debt discount accretion 109 70
Changes in operating assets and liabilities:    
Accounts receivable (3,892) (5,783)
Inventory (3,487) 0
Prepaid expenses and other assets (307) (13,662)
Accounts payable 753 (248)
Accrued compensation and benefits 882 (1,324)
Operating lease liabilities (836) (721)
Accrued and other liabilities (1,041) 7,517
Deferred revenue 3,836 (1,454)
Net cash used in operating activities (27,620) (44,217)
Investing activities    
Proceeds from maturities and redemptions of investments 27,300 35,370
Purchases of investments (25,763) (32,107)
Proceeds from sale of equipment 795 0
Purchases of property and equipment 0 (778)
Net cash provided by investing activities 2,332 2,485
Financing activities    
Proceeds from 2022 Loan, net of issuance costs 26,971 0
Repayment of 2018 Loan, net of settlement costs (33,038) 0
Proceeds from issuance of common stock in at the market offering, net of issuance costs 5,921 34,272
Proceeds from issuance of common stock under equity incentive and stock purchase plans 83 498
Net cash provided by (used in) financing activities (63) 34,770
Net decrease in cash and cash equivalents (25,351) (6,962)
Cash and cash equivalents at beginning of period 72,428 91,032
Cash and cash equivalents at end of period 47,077 84,070
Supplementary disclosure of cash flow information:    
Cash paid for interest 741 963
Cash paid for income taxes 1 0
Supplementary disclosure of non-cash activities:    
Right-of-use assets obtained in exchange for lease obligations 0 450
Issuance of derivative in connection with issuance of loan payable $ 375 $ 0