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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
OPERATING CASH FLOW ACTIVITIES:          
Net loss     $ (110,949) $ (80,806)  
Reconciliation of net loss to net cash used in operating activities          
Depreciation $ 85 $ 76 246 221  
Accretion of debt discount and amortization of financing costs 217   538    
Change in fair value of derivative liabilities     (63)    
Stock-based compensation expense     12,790 17,219  
PIK interest     403    
Loss on disposal of equipment       46  
Changes in operating assets and liabilities:          
Inventory     (1,408)    
Prepaid expenses, other current assets and other assets     (4,934) (1,739)  
Operating lease right-of-use assets     202 199  
Accounts payable, accrued expenses, and other liabilities     3,795 2,807  
Accrued interest     2,896    
Operating lease liabilities     (218) (168)  
Net cash used in operating activities     (96,702) (62,221)  
INVESTING CASH FLOW ACTIVITIES:          
Purchases of equipment and leasehold improvements     (139) (433)  
Net cash used in investing activities     (139) (433)  
FINANCING CASH FLOW ACTIVITIES:          
Proceeds from long-term debt     98,600    
Debt issuance costs     (2,646)    
Proceeds from issuance of common stock, net of issuance costs       100,993  
Exercise of stock options     233 1,454  
Net cash provided by financing activities     96,187 102,447  
Net (decrease) increase in cash and cash equivalents     (654) 39,793  
Cash and cash equivalents, beginning of the period     232,968 213,119 $ 213,119
Cash and cash equivalents, end of the period $ 232,314 $ 252,912 232,314 $ 252,912 $ 232,968
Supplemental cash flow information:          
Issuance of stock purchase warrants     $ 3,245