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Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (22,643) $ (28,045)
Adjustments to reconcile net loss to net cash used in operating activities:    
Inventory reserve 312 0
Depreciation and amortization 60 56
Stock-based compensation 2,138 1,131
Amortization of right of use assets 45 29
Amortization of debt discounts and issuance costs 0 3
Change in fair value of warrant liability (10,059) 17,963
Loss on disposal of property and equipment 0 157
Changes in operating assets and liabilities    
Accounts receivable 145 0
Inventory (1,737) (1,119)
Prepaid expenses and other assets (384) (138)
Accounts payable and accrued liabilities (2,389) 1,520
Accrued bonuses (434) (669)
Accrued interest 0 (598)
Other current and long-term liabilities (46) (49)
Net cash used in operating activities (34,992) (9,759)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from disposal of property and equipment 0 45
Net cash provided by investing activities 0 45
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from issuance of common stock 1,330 66,882
Proceeds from exercise of warrants 0 1,178
Repayments of long-term debt 0 (625)
Net cash provided by financing activities 1,330 67,435
NET INCREASE IN CASH AND CASH EQUIVALENTS (33,662) 57,721
Cash and cash equivalents, beginning of period 69,392 22,449
Cash and cash equivalents, end of period 35,730 80,170
SUPPLEMENTAL INFORMATION    
Income taxes 0 0
Interest 0 6
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Cashless exercise of warrants 0 1,533
Preferred stock conversion feature and dividends $ 0 $ 8,085