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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net loss $ (16,216) $ (16,245)
Adjustments to reconcile net loss:    
Depreciation and amortization 234 187
Amortization (accretion) of investment premium (discount) 30  
Amortization (accretion) of investment premium (discount)   (80)
Accretion of debt discount 58 54
Non-cash lease expense 171 243
Stock-based compensation expense 5,997 2,749
Non-cash stock issuance for services rendered 73 72
Other, net (8) (89)
Changes in operating assets and liabilities:    
Accounts receivable 3,381 2,092
Inventories (2,905) (1,411)
Prepaid expenses and other current assets 356 775
Accounts payable 1,477 1,372
Accrued expenses and other liabilities (3,049) (4,494)
Net cash used in operating activities (10,401) (14,775)
Investing activities    
Purchases of property and equipment (1,321) (255)
Purchases of investments 0 (14,907)
Proceeds from sales or maturities of investments 0 82,403
Net cash (used in) provided by investing activities (1,321) 67,241
Financing activities    
Proceeds from the exercise of stock options 3,550 787
Net cash provided by financing activities 3,550 787
Effect of exchange rate on cash 2 4
(Decrease) increase in cash and cash equivalents (8,170) 53,257
Cash and cash equivalents at beginning of period 190,518 22,860
Cash and cash equivalents at end of period 182,348 76,117
Supplemental cash flow information    
Cash paid for interest 466 471
Purchases of property and equipment in accounts payable $ 1,209 $ 0