XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net loss $ (23,912) $ (19,968)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 2,079 953
Inventory step-up amortization 194  
Reduction in the carrying amounts of right-of-use assets 108  
Stock-based compensation expense 4,610 2,885
Non-cash interest expense 43 46
Loss on disposal of fixed assets 69 14
Changes in operating assets and liabilities:    
Accounts receivable 1,445 (2,296)
Prepaid expenses and other assets 116 302
Inventory (3,504) (2,905)
Other non-current assets 27 2
Accounts payable (959) (1,600)
Accrued compensation and benefits, other accrued expenses and other current liabilities (1,008) 669
Contract acquisition costs (99) (60)
Operating lease liabilities 387  
Other non-current liabilities (437) 9,448
Deferred revenue 241 (310)
Net cash used in operating activities (20,600) (12,820)
Investing activities    
Purchases of property and equipment (1,361) (9,830)
Net cash used in investing activities (1,361) (9,830)
Financing activities    
Proceeds from stock options exercised 1,111 1,910
Sale of common stock in at-the-market offering, net   48,019
Proceeds from ESPP purchase 440 393
Payments on notes payable (75) (50)
Net cash provided by financing activities 1,476 50,272
Net increase in cash and cash equivalents (20,485) 27,622
Effect of foreign currency exchange rate on cash 110  
Cash, restricted cash, and cash equivalents at beginning of period 110,181 45,429
Cash, restricted cash, and cash equivalents at end of period 89,806 73,051
Supplemental cash flow information    
Cash paid for interest 155 160
Purchases of property and equipment included in accounts payable 35 279
Purchases of property and equipment included in other non-current liabilities   8,057
Reconciliation of cash, cash equivalents, and restricted cash:    
Total cash, cash equivalents, and restricted cash $ 89,806 $ 73,051