XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net loss $ (23,959) $ (23,646)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 8,724 8,062
Depreciation and amortization 1,249 875
Loss on disposal of property and equipment 226 0
Net amortization of premium on available-for-sale securities (2,378) 314
Provision for inventory excess and obsolescence 178 0
Non-cash operating lease expense 57 597
Changes in operating assets and liabilities:    
Accounts receivable, net (420) (298)
Related party receivables 421 157
Other receivables (166) (174)
Prepaid expenses and other current assets (2,282) (2,850)
Inventory (40) 300
Other assets 2 11
Accounts payable (100) (479)
Deferred revenue 130 18
Accrued expenses (985) (2,038)
Other current liabilities (35)  
Other noncurrent liabilities 47 0
Net cash used in operating activities (19,331) (19,151)
INVESTING ACTIVITIES    
Purchases of property and equipment (121) (1,080)
Purchase of available-for-sale securities (134,520) 0
Proceeds from sale of available-for-sale securities 2,990 0
Proceeds from maturities of available-for-sale securities 146,130 12,000
Net cash provided by investing activities 14,479 10,920
FINANCING ACTIVITIES    
Repurchase of Class A common stock 0 (21)
Proceeds from exercise of Class A common stock options 30 773
Net cash provided by financing activities 30 752
Net decrease in cash, cash equivalents and restricted cash (4,822) (7,479)
Cash, cash equivalents and restricted cash, beginning of period 53,732 233,337
Cash, cash equivalents and restricted cash, end of period 48,910 225,858
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Inventory transferred to property and equipment 771 635
Lease liability obtained in exchange for right-of-use assets 514 6,855
Accounts Payable    
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Property and equipment purchases included in accounts payable and in accrued expenses 6 204
Accrued Liabilities    
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Property and equipment purchases included in accounts payable and in accrued expenses $ 198 $ 183