XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash flow from operating activities:      
Net loss $ (64,017,000) $ (62,867,000)  
Adjustments to reconcile net loss to net cash used in operations:      
Depreciation and amortization 2,363,000 2,284,000  
Non cash lease expense (19,000) (1,000)  
Provision for doubtful accounts 611,000 235,000  
Change in fair value of warrant liabilities (1,735,000) 20,932,000  
Goodwill impairment 29,633,000 0  
Stock-based compensation expense 3,988,000 2,422,000  
Change in fair value of contingent consideration (18,932,000) 4,849,000  
Acquired in-process research and development 3,000,000    
Issuance of common stock for stem-cells to be used in research and development 1,000,000    
Change in fair value of contingent stock consideration (110,000) 1,565,000  
Change in fair value of debt 1,280,000 0  
Other, net 272,000 96,000  
Changes in assets and liabilities:      
Accounts receivable 791,000 (1,112,000)  
Inventory (1,813,000) (5,670,000)  
Prepaid expenses and other assets 1,463,000 (348,000)  
Accounts payable 2,730,000 1,334,000  
Accrued expenses and other liabilities 729,000 604,000  
Accrued R&D software 23,675,000 1,333,000  
Right-of-use assets and lease liabilities 64,000 52,000  
Deferred revenue 32,000 39,000  
Net cash used in operating activities (14,995,000) (34,253,000)  
Cash flow from investing activities:      
Capital expenditures (209,000) (1,454,000)  
Purchase of acquired in-process research and development (3,000,000)    
Net cash used in investing activities (3,209,000) (1,454,000)  
Cash flow from financing activities:      
Proceeds from the exercise of stock options 300,000 10,000  
Principal payments of short-term debt (1,618,000)    
Proceeds from issuance of senior secured bridge loan and warrants 4,994,000    
Proceeds from PIPE financing 9,000,000    
Proceeds from the sale of common stock in ATM offering 136,000    
Proceeds from the exercise of warrants   46,485,000  
Tax withholding on vesting of restricted stock units (53,000)    
Net cash provided by financing activities 12,759,000 46,495,000  
Net (decrease) increase in cash, cash equivalents and restricted cash (5,445,000) 10,788,000  
Cash, cash equivalents and restricted cash at beginning of period 28,802,000 52,076,000 $ 52,076,000
Cash, cash equivalents and restricted cash at end of period 23,357,000 62,864,000 $ 28,802,000
Supplemental Cash Flow Information [Abstract]      
Cash paid for interest 251,000    
Supplemental non-cash investing and financing activities:      
Property and equipment included in accounts payable and accrued expenses (697,000) (1,015,000)  
Issuance of warrants on senior secured bridge loan 274,000    
PIPE related costs included in accrued expenses (69,000)    
Common stock issued for short-term debt conversion $ 3,510,000    
Reclassification of option liabilities to equity   $ 441,000