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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (26,270) $ (7,515)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 757 220
(Recovery) for allowance for doubtful accounts (45) (72)
Share-based compensation expense 3,372 1,277
Non-Cash Lease Expense 1,165 0
Amortization of debt issuance costs 95 88
(Recovery) Provision of inventory obsolescence (197) 88
Gain on fair value adjustment to derivative liability (173) 0
Debt extinguishment loss 4,483 0
Net changes in operating assets and liabilities:    
Accounts Receivable 2,112 4,511
Inventory (2,410) 89
Prepaid expenses and other assets (1,039) (2,919)
Other non-current assets (134) 0
Operating lease liabilities 2,392 0
Accounts payable (957) 656
Accrued liabilities (958) (600)
Net cash used in operating activities (17,807) (4,177)
Cash flows from investing activities    
Purchases of property and equipment (6,649) (866)
Net cash used in investing activities (6,649) (866)
Cash flows from financing activities    
Repayment of PPP loan 0 (1,788)
Proceeds from interest bearing term debt 49,651 0
Proceeds from interest bearing revolving debt 3,850 0
Debt issuance costs paid to third parties (989) 0
Repayment of term loan (33,893) 0
Proceeds from issuance of common stock upon initial public offering, net of issuance costs and underwriting fees of $10.6 million 0 107,610
Proceeds from exercise of employee stock options 1,537 763
Net cash provided by financing activities 20,156 106,585
Net (decrease) increase in cash and cash equivalents (4,300) 101,542
Cash and cash equivalents at beginning of period 105,833 18,079
Cash and cash equivalents at end of period 101,533 119,621
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,897 2,917
Operating lease right-of-use assets obtained in exchange for new lease liabilities 15,300 0
Supplemental disclosure of noncash investing and financing activities:    
Property and equipment received in exchange for lease liability 4,115 0
Issuance of common stock upon exercise of warrants 1
Conversion of convertible preferred stock and accrued dividends on convertible preferred stock into common stock $ 7,935