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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net (loss) income $ (4,280) $ 570
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation 233 91
Stock compensation expense 4,913 1,577
Amortization of debt discounts and issuance costs 0 224
Other 33 0
Change in operating assets and liabilities:    
Accounts receivable (1,558) 161
Prepaid expenses and other current assets 1,679 (129)
Inventory (93) 19
Other assets (225) (77)
Accounts payable (40) 56
Accrued compensation (3,899) (2,645)
Other accrued liabilities (330) (96)
Deferred rent and other liabilities (64) (2)
Net cash used in operating activities (3,631) (251)
INVESTING ACTIVITIES    
Purchases of property and equipment (750) (500)
Net cash used in investing activities (750) (500)
FINANCING ACTIVITIES    
Payment of common stock offering costs (336) 0
Proceeds from exercise of common stock options 991 71
Proceeds from contributions to the employee stock purchase plan 855 488
Net cash provided by financing activities 1,510 559
NET CHANGE IN CASH AND CASH EQUIVALENTS (2,871) (192)
Beginning of period 409,852 98,845
End of period 406,981 98,653
DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued purchases of property and equipment $ 220 $ 270