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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (96,384) $ (65,637)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,070 3,428
Stock-based compensation 25,324 18,557
Change in right-of-use asset 2,075 1,292
Interest expense 290 36
Amortization of debt issuance costs and debt discount 104 250
Change in fair value of warrant liabilities (7,350) 406
Inventory write down 894 866
Provision for doubtful accounts 9 0
Gain from disposal of property and equipment (100) 0
Changes in operating assets and liabilities:    
Accounts receivable (69) (4,378)
Inventory (14,249) (2,551)
Prepaid expenses and other assets (1,540) 42
Accounts payable 3,225 (2,707)
Accrued and other liabilities (158) 7,060
Operating lease liability (2,431) (1,770)
Net cash used in operating activities (83,290) (45,106)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of property & equipment 275 0
Purchases of property and equipment (2,353) (1,774)
Net cash used in investing activities (2,078) (1,774)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the merger and private offering 0 291,454
Payment of offering costs 0 (27,124)
Repayment of debt 0 (7,000)
Proceeds from issuance of promissory notes to related parties 0 5,000
Repayment of promissory notes to related parties 0 (5,000)
Repurchase of common stock (46) (43)
Proceeds from exercise of stock options 398 539
Proceeds from borrowings, net of debt discount and issuance costs 19,077 0
Proceeds from the issuance of common stock under at-the-market offering, net of commissions and fees 16,322 0
At-the-market offering costs for the issuance of common stock (278) 0
Taxes paid related to net share settlement of restricted stock awards (59) 0
Net cash provided by financing activities 35,414 257,826
Effect of exchange rates on cash and cash equivalents (175) 0
Net increase (decrease) in cash, cash equivalents and restricted cash (50,129) 210,946
Cash, cash equivalents and restricted cash at beginning of period 184,656 12,642
Cash, cash equivalents and restricted cash at end of period 134,527 223,588
SUPPLEMENTAL DISCLOSURES OF OPERATING ACTIVITIES:    
Cash paid for interest 750 635
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Property and equipment purchases included in accounts payable and accrued liabilities 45 334
Private placement warrants acquired as part of the merger 0 19,377
Issuance of redeemable convertible preferred stock upon exercise of warrants 0 58,097
Conversion of redeemable convertible preferred stock to common stock 0 97,322
Right-of-use assets obtained in exchange for operating lease liability 571 0
Unpaid at-the-market offering costs $ 267 $ 0