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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (41,291) $ (45,040)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 978 1,142
Amortization of intangible assets 220 0
Stock-based compensation expense 2,898 1,362
Accretion of discounts/(amortization of premiums) on marketable securities, net 5 (19)
Amortization of debt issuance costs 314 17,309
Amortization of right-of-use assets 336 312
Loss on debt extinguishment   1,398
Change in fair value of warrant liability and embedded derivative 1,872 605
Change in fair value of contingent consideration (1,584)  
Changes in operating assets and liabilities, net of effect from business combination:    
Accounts receivable (597) (280)
Inventory (3,616) (1,961)
Prepaid expenses and other current assets 666 (43)
Other assets 8 (12)
Accounts payable 5,286 1,682
Accrued liabilities 155 1,810
Operating lease liabilities (411) (349)
Net cash used in operating activities (34,761) (22,084)
Cash flows from investing activities    
Purchases of available-for-sale marketable securities   (22,208)
Sales of available-for-sale marketable securities 17,095  
Maturities of available-for-sale marketable securities 40,000 8,100
Purchases of property and equipment (4,445) (316)
Cash paid, net of cash acquired for the Rhythm Xience Acquisition   (3,000)
Net cash provided by (used in) investing activities 52,650 (17,424)
Cash flows from financing activities    
Proceeds from issuance of debt and warrants   77,000
Repayment of debt   (15,000)
Payment of issuance and extinguishment costs related to debt   (2,332)
Payment of contingent consideration (2,619)  
Proceeds from issuance of convertible preferred stock, net of issuance costs   38,226
Payment of deferred offering costs (701)  
Proceeds from stock options exercises 205 57
Net cash (used in) provided by financing activities (3,115) 97,951
Effect of exchange rate changes on cash, cash equivalents and restricted cash 69 (12)
Net change in cash, cash equivalents and restricted cash 14,843 58,431
Cash, cash equivalents and restricted cash, at the beginning of the period 9,602 9,775
Cash, cash equivalents and restricted cash, at the end of the period 24,445 68,206
Supplemental disclosure of cash flow information:    
Cash paid for income taxes  
Cash paid for interest 2,376 1,168
Supplemental disclosure of noncash investing and financing activities:    
Issuance of Series D convertible preferred stock for 2018 Convertible Notes and 2019 Convertible Notes   68,476
Issuance of Series D convertible preferred stock for Biotronik asset purchase 5,000  
Issuance of Series D convertible preferred stock for Rhythm Xience Acquisition 2,197  
Change in unrealized (gain) loss on marketable securities 41 (7)
Warrants issued in conjunction with OrbiMed debt   872
Right-of-use assets exchanged for operating lease liabilities   2,978
Unpaid purchases of property and equipment 55 $ 77
Unpaid deferred offering costs $ 1,805