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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (101,878) $ (25,570) $ (19,594)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 1,147 798 634
Loss on write down of fixed assets 52 0 0
Change in fair value of warrant liability (1,954) 0 0
Stock-based compensation 22,237 3,806 2,153
Amortization of right-of-use assets 1,901 0 0
Amortization of premium on available-for-sale securities 1,498 0 0
Accounts receivable (2,200) 228 (369)
Inventories (844) (865) 603
Other current assets (7,285) (3,513) (560)
Other noncurrent assets (795) (5) 24
Accounts payable 2,667 1,360 171
Accrued liabilities 3,202 2,263 174
Accrued employee costs 1,474 256 234
Lease liability (1,785)
Other current liabilities 458 5 209
Other noncurrent liabilities 6 (63)
Net cash used in operating activities (82,105) (21,231) (16,384)
Cash flows from investing activities:      
Purchase of property, plant, and equipment (3,850) (855) (421)
Purchase of available-for-sale securities (571,925) 0 0
Proceeds from sale of available-for-sale securities 20,123 0 0
Proceeds from maturities of available-for-sale securities 171,580 0 0
Purchase of intangible assets (4,500) 0 0
Net cash used in investing activities (388,572) (855) (421)
Cash flows from financing activities:      
Proceeds from business combination and private offering 560,777 0 0
Transaction costs related to business combination and private offering 47,487 0 0
Payments of taxes withheld on net settled vesting of restricted stock units 1,338 0 0
Proceeds from the issuance of Series B Preferred Stock 0 0 36,024
Proceeds from exercise of stock options 911 73 35
Financing costs incurred 0 0 (72)
Net cash provided by financing activities 512,863 73 35,987
Net increase (decrease) in cash and cash equivalents 42,186 (22,013) 19,182
Beginning cash and cash equivalents 24,624 46,637 27,455
Ending cash and cash equivalents 66,810 24,624 46,637
Supplemental disclosures of cash flow information:      
Cash paid for interest 0 0 0
Cash paid for income taxes 0 0 0
Supplemental disclosure of noncash investing and financing activities:      
Changes in purchases of property, plant and equipment recorded in accounts payable 796 2 48
Private placement of warrants acquired as part of merger 3,014 0 0
Right-of-use asset obtained in exchange for lease liability 10,515 0 0
Non-cash lease adoption $ 1,671 $ 0 $ 0