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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (13,454) $ (9,036)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 924 334
Provision for allowance for doubtful accounts 38 30
Share-based compensation expense 2,692 1,409
Non-Cash Lease Expense 626 336
Amortization of debt issuance costs 74 45
Recovery of loss reserve for surgical instruments (23) 0
Gain on fair value adjustment to derivative liability 0 (90)
Accretion (amortization) of discount (premium) on marketable securities, net (297) 0
Net changes in operating assets and liabilities:    
Accounts Receivable 3,793 2,542
Inventory (3,189) (551)
Prepaid expenses and other assets (963) 1,233
Other non-current assets 69 134
Payable to broker for unsettled marketable security purchases 710 0
Operating lease liabilities (478) (133)
Accounts payable (3,592) (607)
Accrued liabilities (4,076) (2,619)
Other, net 25 0
Net cash used in operating activities (17,259) (7,241)
Cash flows from investing activities    
Purchases of available-for-sale marketable securities (99,550) 0
Maturities of available-for-sale marketable securities 20,548 0
Purchases of property and equipment (1,478) (1,481)
Net cash used in investing activities (80,480) (1,481)
Cash flows from financing activities    
Proceeds from issuance of common stock upon initial public offering, net of issuance costs and underwriting fees of $0.6 million 107,527 0
Proceeds from exercise of employee stock options 352 1,372
Net cash provided by financing activities 107,879 1,372
Net (decrease) increase in cash and cash equivalents 10,140 (7,350)
Cash and cash equivalents at beginning of period 19,473 105,833
Cash and cash equivalents at end of period 29,613 98,483
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,285 951
Operating lease right-of-use assets obtained in exchange for new lease liabilities 0 15,300
Operating lease right-of-use asset and lease liability adjustment due to lease incentive (35) 0
Unrealized losses on marketable securities $ 29 $ 0