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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (16,399) $ (8,082)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,619 1,041
Non-cash interest expense 105 106
Stock-based compensation expense 1,545 254
Deferred taxes 10 (10)
Change in fair value of contingent consideration 200 426
Change in fair value of warrant liability   1,870
Changes in operating assets and liabilities:    
Accounts receivable, net (1,870) (120)
Prepaid expenses and other assets (11,087) (1,256)
Inventories, net (2,286) (430)
Accounts payable 2,083 702
Accrued expenses and other liabilities 7,551 772
Deferred revenue 597 323
Net cash used in operating activities (17,932) (4,404)
Investing activities    
Purchases of property and equipment (1,138) (907)
Net cash used in investing activities (1,138) (907)
Financing activities    
Proceeds from stock option exercises 55 44
Principal payments on capital leases   (48)
Principal payments on financing leases (126)  
Net cash used in in financing activities (71) (4)
Net decrease in cash, cash equivalents, and restricted cash (19,141) (5,315)
Cash, cash equivalents, and restricted cash at beginning of year 113,381 17,508
Cash, cash equivalents, and restricted cash at end of year 94,240 12,193
Supplemental disclosures of cash flow information    
Cash paid for interest 638 638
Supplemental disclosures of non-cash activities    
Purchases of property and equipment included in accounts payable and accrued expenses $ 887 884
Accretion of dividends on Series B, C, and D Preferred Stock   $ 1,190