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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (18,261) $ (22,817)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 293 239
Noncash interest expense 302 296
Amortization of intangible assets 190 190
Net changes in operating lease ROU assets and liabilities (47) (22)
Inventory excess and obsolescence charge 908 704
Stock-based compensation expense 2,192 2,422
Gain on sale of product line (7,580)  
Change in operating assets and liabilities:    
Accounts receivable, net 263 (1,219)
Inventory (1,545) (2,936)
Prepaid expenses and other current assets 253 107
Accounts payable 594 651
Accrued expenses and other current and long-term liabilities (2,627) (104)
Foreign currency translation loss (16) (349)
Net cash used in operating activities (25,081) (22,838)
Cash flows from investing activities:    
Purchase of property and equipment (603) (272)
Proceeds from the sale of product line 5,366  
Net cash provided by (used in) investing activities 4,763 (272)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of underwriting discounts, commissions and offering costs   46,354
Proceeds from exercise of stock options 226 100
Payment of withholding taxes related to stock-based compensation to employees (339) (280)
Proceeds from issuance of common stock under the employee stock purchase plan 164  
Net cash provided by financing activities 51 46,174
Effect of exchange rate on cash and cash equivalents 34 183
Net (decrease) increase in cash and cash equivalents and restricted cash (20,233) 23,247
Cash and cash equivalents and restricted cash, beginning of period 46,994 42,019
Cash and cash equivalents and restricted cash, end of period 26,761 65,266
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 2,361 2,248
Supplemental disclosures of noncash investing and financing activities:    
Offering costs in accounts payable and accrued expenses and other current liabilities   13
Property and equipment in accounts payable and accrued expenses and other current liabilities $ 55 $ 49