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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (25,975) $ (59,838)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 706 1,062
Stock-based compensation 7,643 8,415
Common stock warrant liability adjustment (2,679) (4,802)
Amortization of right of use assets 1,016 930
Other adjustments, net (91) 1,210
Changes in assets and liabilities:    
Accounts receivable 6,705 (10,691)
Prepaid expenses and other assets 4,093 6,068
Inventory 7,573 (6,161)
Accounts payable and accrued and other expenses (19,997) (6,901)
Other, net (945) (847)
Net cash used in operating activities (21,951) (71,555)
Cash flows from investing activities    
Purchase of property and equipment (11) (480)
Purchase of intangible assets (19) (923)
Net cash used in investing activities (30) (1,403)
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net of $1,513 of paid transaction costs 28,487 0
Proceeds from short-term borrowings 73,290 35,892
Payments of short-term borrowings (74,631) (30,929)
Proceeds from Issuance of Long-Term Debt 500 0
Payments of long-term borrowings (2,000) (4,500)
Other, net 269 615
Net cash provided by (used in) financing activities 25,915 1,078
Net change in cash and cash equivalents 3,934 (71,880)
Cash and cash equivalents at beginning of period 11,231 95,054
Cash and cash equivalents at end of period $ 15,165 $ 23,174