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Condensed Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net (loss) income $ (2,704) $ 4,646
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 795 617
Gain on sale of property and equipment   (15)
Stock-based compensation 3,576 2,420
Loss on prepayment and termination of credit facility   170
Non-cash warrant revaluation   23
Non-cash interest expense   26
Changes in operating assets and liabilities:    
Accounts receivable 1,440 1,639
Inventory 404 (662)
Prepaid expenses and other current assets 471 193
Other assets 1  
Accounts payable (595) (741)
Accrued liabilities (2,628) (701)
Deferred revenue (336) (96)
Lease liabilities, net 4 12
Net cash provided by operating activities 428 7,531
Cash flows from investing activities    
Purchases of property and equipment (1,239) (1,063)
Proceeds received from sale of property and equipment   15
Net cash used in investing activities (1,239) (1,048)
Cash flows from financing activities    
Payments on long-term debt   (2,790)
Proceeds from exercise of stock options and purchase of shares in employee stock purchase plan 629 342
Net cash provided by (used in) financing activities 629 (2,448)
Net (decrease) increase in cash and cash equivalents (182) 4,035
Cash and cash equivalents at beginning of period 36,946 26,795
Cash and cash equivalents at end of period 36,764 30,830
Supplementary cash flow information:    
Interest paid   37
Operating cash flows paid for operating leases 699 692
Financing cash flows paid for finance leases 28 $ 6
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for finance lease liabilities 297  
Purchases of property and equipment in accounts payable and accrued liabilities $ 75