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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 11,883 $ (36,736)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 299 294
Intangible amortization 13,781 5,560
Stock-based and employee stock purchase compensation expense 11,461 1,870
Stock appreciation rights market adjustment 261 396
Warrant expense   3,109
Debt issuance costs amortization 1,820 1,020
Loss on debt extinguishment 26,146 22,639
Change in operating assets and liabilities:    
Trade receivables (11,030) (12,071)
Inventory (982) (1,223)
Prepaid expenses and other assets (3,715) (8,169)
Other non-current assets   (476)
Trade payables 1,623 2,987
Accrued expenses and other current liabilities 9,461 7,738
Other non-current liabilities 16 30
Net cash provided by (used in) operating activities 61,024 (13,032)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (298) (2)
Milestone payments (100,000)  
Net cash used in investing activities (100,298) (2)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock upon initial public offering   147,628
Initial public offering issuance costs   (11,021)
Proceeds from issuance of common stock 30,000  
Common stock issuance costs (300)  
Proceeds from long term debt 200,000 200,000
Debt issuance costs (9,147) (5,804)
Extinguishment of debt (200,000) (102,538)
Extinguishment of debt exit fees (22,000) (18,047)
Proceeds from exercised options 1,794 283
Repurchase of common stock   (167)
Tax payments for employees shares withheld   (17)
Net cash provided by financing activities 347 210,317
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (38,927) 197,283
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH-Beginning of period 229,381 25,207
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH-End of period 190,454 222,490
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the year for interest $ 15,997 19,549
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Warrant financing   2,359
Warrant liability reclassified to equity   5,468
Series A Convertible Preferred Stock    
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Preferred Stock accrued return   22,780
Accretion of issuance costs   5,562
Series B Convertible Preferred Stock    
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Preferred Stock accrued return   777
Accretion of issuance costs   53
Series C Convertible Preferred Stock    
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Preferred Stock accrued return   3,347
Accretion of issuance costs   $ 921