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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (26,441) $ (13,913)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,714 2,311
Stock-based compensation 2,289 2,781
Impairment of assets 16,610 0
Realized loss on marketable securities 61 51
Amortization of premium and discount of marketable securities, net (38) (5)
Change in fair value of derivative 38 (296)
Change in fair value of common stock warrants liability (2,778) (649)
Change in fair value of earnout liability (2,462) (1,518)
Deferred tax provision 58 111
Other non-cash expenses 88 151
Changes in operating assets and liabilities:    
Accounts receivable net and other receivables (521) (1,252)
Inventory 0 (3)
Prepaid expenses and other current assets 300 31
Other long-term assets 60 (2,438)
Accounts payable 130 580
Accrued expenses 1,409 (1,951)
Operating lease liability (79) (122)
Other liabilities, current 134 (590)
Other liabilities, long-term (11) (14)
Net cash used in operating activities (8,439) (16,735)
Cash flows from investing activities    
Purchases of property, plant, and equipment (6,994) (1,939)
Purchases of marketable securities (280,000) (443,475)
Sales of marketable securities 282,405 441,432
Maturities of marketable securities 5,129 13,317
Net cash provided by investing activities 540 9,335
Cash flows from financing activities    
Payment of notes payable short-term (4,542) (1,532)
Proceeds from Canadian Government Research and Development Program 0 8,097
Proceeds from exercise of stock options 0 83
Net cash (used in) provided by financing activities (4,542) 6,648
Effects of foreign exchange rate changes on the balance of cash and cash equivalents held in foreign currencies (31) 1,023
Net (decrease) increase in cash and cash equivalents (12,472) 271
Cash and cash equivalents beginning of the period 56,307 75,502
Cash and cash equivalents end of the period 43,835 75,773
Supplemental disclosure of cash flow information    
Purchases of fixed assets included in accounts payable and accrued expenses 4,166 1,159
Cash paid during the period:    
Income taxes payment 0 7
Interest payment $ 50 $ 646