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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss - before noncontrolling interest (“NCI”) $ (18,512) $ (22,214)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities    
Depreciation and amortization expense 586 727
Stock-based compensation 1,882 4,419
Gain on sale of intellectual property (1,000)
APA-RDx: Issue common stock of majority-owned subsidiary - termination payment 713
Amortization of common stock payment for vendor service agreement 23
Change in fair value - Senior Secured Convertible Notes 2,163 1,040
Loss on issue - Senior Secured Convertible Note 1,111
Debt extinguishment loss - Senior Secured Convertible Note 369 525
Non-cash lease expense 2 79
Changes in operating assets and liabilities:    
Accounts receivable (6) (10)
Prepaid expenses, deposits and current and other assets 531 (326)
Accounts payable (301) (1,444)
Accrued expenses and other current liabilities 154 18
Net cash flows used in operating activities (13,109) (16,362)
Cash flows from investing activities    
Purchase of equipment (42) (26)
Proceeds from sale of intellectual property 1,000
Net cash flows provided by (used in) investing activities (42) 974
Cash flows from financing activities    
Proceeds – issue of preferred stock - majority-owned subsidiary 18,165 13,625
Proceeds – issue of Senior Secured Convertible Note 10,000
Payment – Senior Secured Convertible Note – acceleration floor payments (322)
Proceeds – issue of common stock - At-The-Market Facility 786 557
Proceeds – majority-owned subsidiary common stock - Committed Equity Facility and At-The-Market Facility 284
Proceeds – issue common stock – Employee Stock Purchase Plan 62 182
Proceeds – majority-owned subsidiary common stock – Employee Stock Purchase Plan 353 276
Proceeds – exercise of stock options issued under equity plan of majority owned subsidiary 4
Net cash flows provided by financing activities 19,048 24,924
Net increase (decrease) in cash 5,897 9,536
Cash, beginning of period 19,639 39,744
Cash, end of period $ 25,536 $ 49,280