XML 19 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
OPERATING CASH FLOW ACTIVITIES:      
Net loss $ (26,791) $ (52,796)  
Reconciliation of net loss to net cash used in operating activities      
Depreciation 78 80  
Accretion of debt discount and amortization of financing costs 43 333  
Change in fair value of derivative liabilities (30) 231  
Stock-based compensation expense 3,433 4,877  
Payable-in-kind interest on Credit Agreement 1,216 398  
Operating lease right-of-use assets 75 70  
Changes in operating assets and liabilities      
Accounts receivable (307) (35)  
Inventory (448) 33  
Prepaid expenses, other current assets and other assets 901 (2,006)  
Accounts payable, accrued expenses, due to related parties, and other current liabilities 4,826 (4,654)  
Accrued interest (619) 1,193  
Operating lease liabilities (83) (77)  
Net cash used in operating activities (17,706) (52,353)  
FINANCING CASH FLOW ACTIVITIES:      
Proceeds from issuance of common stock and warrants 26,743 24,657  
Offering costs for common stock and warrants issuance (117) (739)  
Payment of employee tax obligations related to vesting restricted stock units   (27)  
Exercise of stock options   258  
Net cash provided by financing activities 26,626 24,149  
Net increase (decrease) in cash and cash equivalents 8,920 (28,204)  
Cash and cash equivalents, beginning of the period 65,221 193,725 $ 193,725
Cash and cash equivalents, end of the period 74,141 165,521 $ 65,221
Supplemental cash flow information:      
Deferred initial public offering costs in accrued expenses   $ 596  
Issuance of stock purchase warrants $ 224