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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (10,562) $ (7,917)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 507 445
Stock-based compensation expense 2,310 1,112
Non-cash interest expense and end of term accretion expense 137 130
Non-cash lease expense 178  
Net amortization of premiums on marketable securities 228 391
Unrealized foreign currency transaction losses 214 484
Changes in operating assets and liabilities:    
Accounts receivable (5,804) (583)
Inventory (2,926) (381)
Prepaid expenses and other current assets 88 (908)
Accounts payable (4,013) (82)
Accrued expenses and other current liabilities (4) (180)
Deferred revenue   182
Operating lease liabilities 1,241  
Deferred rent   (23)
Net cash used in operating activities (18,406) (7,330)
Cash flows from investing activities:    
Purchases of property and equipment (1,953) (20)
Purchases of marketable securities (2,033) (11,708)
Proceeds from sales and maturities of marketable securities 14,500 21,000
Net cash provided by investing activities 10,514 9,272
Cash flows from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 202 372
Proceeds from issuance of common stock in connection with employee stock purchase plan 203 211
Net cash provided by financing activities 405 583
Effect of exchange rate changes on cash, cash equivalents and restricted cash (196) (379)
Net increase (decrease) in cash, cash equivalents and restricted cash (7,683) 2,146
Cash, cash equivalents and restricted cash, beginning of period 26,080 25,081
Cash, cash equivalents and restricted cash, end of period 18,397 27,227
Supplemental disclosure of non-cash investing and financing activities:    
Transfers of inventory to property and equipment 1,030 429
Purchases of property and equipment included in accounts payable and accrued expenses 939 7
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 17,897 26,727
Restricted cash 500 500
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 18,397 $ 27,227