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Condensed Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net (loss) income $ (433) $ 7,084
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 1,197 905
Gain on sale of property and equipment   (15)
Stock-based compensation 5,108 3,700
Loss on prepayment and termination of credit facility   170
Non-cash warrant revaluation   (25)
Non-cash interest expense   26
Changes in operating assets and liabilities:    
Accounts receivable 147 577
Inventory (50) (1,954)
Prepaid expenses and other current assets (3,597) 366
Other assets (88)  
Accounts payable 236 599
Accrued liabilities (2,248) (54)
Deferred revenue 36 (311)
Contract obligations 2,953  
Lease liabilities, net 5 18
Net cash provided by operating activities 3,266 11,086
Cash flows from investing activities    
Purchases of property and equipment (1,302) (1,080)
Proceeds received from sale of property and equipment   15
Net cash used in investing activities (1,302) (1,065)
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 678 908
Net cash provided by (used in) financing activities 678 (1,882)
Net increase in cash and cash equivalents 2,642 8,139
Cash and cash equivalents at beginning of period 36,946 26,795
Cash and cash equivalents at end of period 39,588 34,934
Supplementary cash flow information:    
Interest paid   37
Operating cash flows paid for operating leases 1,049 1,038
Financing cash flows paid for finance leases 47 $ 9
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 $ 36