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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 2,371 $ (82,037)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation expense 5,987 6,148
Depreciation and amortization expense 523 357
Gain on sale of non-financial asset (Note 17) (105,000) 0
Non-cash lease expense 1,179 1,173
Accretion of debt discount 655 681
Change in fair value of warrant liability (4,596) (743)
Other (504) (46)
Changes in operating assets and liabilities:    
Inventory, Net (2,445) 0
Prepaid expenses, other current and non-current assets and research and development incentive receivable 1,197 459
Accounts payable (364) 426
Accrued expenses and other long-term liabilities 3,832 5,651
Lease liabilities (741) (834)
Net cash used in operating activities (97,906) (68,765)
Cash flows from investing activities:    
Acquisition of intangible asset (7,000) 0
Proceeds from sale of non-financial asset 105,000 0
Purchase of marketable securities (34,354) (11,025)
Sales and maturities of marketable securities 12,250 1,000
Acquisition of property and equipment (285) (25)
Net cash provided by (used in) investing activities 75,611 (10,050)
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock 159 8,615
Fees paid to amendment loan agreement and issuance costs related to the sale of warrants 0 (631)
Repayments of borrowings and accrued end-of-term fees under loan and security agreement 0 (2,064)
Proceeds from borrowings under loan and security agreement 20,000 22,500
Proceeds from sale of common stock, warrants and pre-funded warrants, net of issuance costs 0 59,999
Net cash provided by financing activities 20,159 88,419
Effect of exchange rate changes on cash, cash equivalents and restricted cash 88 (28)
Net increase in cash, cash equivalents and restricted cash (2,048) 9,576
Cash, cash equivalents and restricted cash at beginning of period 100,248 123,028
Cash, cash equivalents and restricted cash at end of period 98,200 132,604
Supplemental Cash Flow Information [Abstract]    
Acquisition of intangible assets included in accrued expenses $ 3,500 $ 0