XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (9,036) $ (2,432)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 334 117
Provision (Recovery) for allowance for doubtful accounts 30 (77)
Share-based compensation expense 1,409 402
Non-Cash Lease Expense 336 0
Amortization of debt issuance costs 45 43
Recovery of inventory obsolescence (3) (27)
Gain on fair value adjustment to derivative liability (90) 0
Net changes in operating assets and liabilities:    
Accounts Receivable 2,542 3,769
Inventory (548) 478
Prepaid expenses and other assets 1,233 (379)
Other non-current assets (134) 0
Operating lease liabilities (133) 0
Accounts payable (607) (1,173)
Accrued liabilities (2,619) (1,167)
Net cash used in operating activities (7,241) (446)
Cash flows from investing activities    
Purchases of property and equipment (1,481) (196)
Net cash used in investing activities (1,481) (196)
Cash flows from financing activities    
Repayment of PPP Loan 0 (1,788)
Proceeds from exercise of employee stock options 1,372 569
Net cash provided by (used in) financing activities 1,372 (1,219)
Net decrease in cash and cash equivalents (7,350) (1,861)
Cash and cash equivalents at beginning of period 105,833 18,079
Cash and cash equivalents at end of period 98,483 16,218
Supplemental disclosure of cash flow information:    
Cash paid for interest 951 1,945
Operating lease right-of-use assets obtained in exchange for new lease liabilities 15,300 0
Supplemental disclosure of noncash financing activities:    
Unpaid offering costs included in accounts payable and accrued liabilities $ 0 $ 1,118