XML 20 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (40,720) $ (44,238)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,009 1,054
Stock-based compensation expense 4,362 4,741
Write-off of equipment 215 224
Other (11) 25
Changes in assets and liabilities:    
Accounts receivable (2,767) (1,086)
Unbilled receivables (1,407) (488)
Inventory 562 (2,209)
Prepaid expenses and other current assets (222) 1,496
Due from related parties 0 48
Prepaid inventory 693 (412)
Other long term assets 325 (220)
Accounts payable 382 533
Deferred grant funding (593) (123)
Deferred revenue 93 (483)
Due to related parties 0 61
Accrued expenses and other current liabilities (683) (742)
Operating lease liabilities, net (5) 10
Net cash used in operating activities (38,767) (41,809)
Cash flows from investing activities:    
Purchases of property and equipment (383) (804)
Net cash used in investing activities (383) (804)
Cash flows from financing activities:    
Proceeds from exercise of stock options 171 174
Proceeds from shares issued under ATM Sales Agreement, net of selling costs 848  
Net cash provided by financing activities 1,019 174
Net decrease in cash and cash equivalents and restricted cash (38,131) (42,439)
Cash, cash equivalents and restricted cash, beginning of year 75,804 118,243
Cash, cash equivalents and restricted cash, end of year 37,673 75,804
Reconciliation of cash, cash equivalents, and restricted cash reported in the balance sheets    
Cash and cash equivalents 37,645 75,183
Restricted cash 28 621
Total cash, cash equivalents and restricted cash 37,673 75,804
Supplemental disclosure of cash flow information:    
Cash received from exchange of research and development tax credits 0 519
Supplemental disclosure of noncash information:    
Noncash acquisition of fixed assets $ 765 $ 3