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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net Income (Loss) $ (21,026) $ (26,124)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 61 21
Inventory reserve 4,235 130
Depreciation and amortization 4,933 4,049
Stock-based compensation 2,900 3,115
Deferred taxes (52) 5
Accrued interest income on short-term investments (118) 0
Amortization of debt financing costs 291 415
Non-cash lease expense 140 86
Loss on disposal of property, plant, and equipment 49 5
Long-lived assets impairment 0 2,195
Loss on extinguishment of debt 0 824
Changes in operating assets and liabilities:    
Accounts receivable (718) (721)
Inventories (315) 649
Income taxes receivable 0 22
Prepaid expenses and other current assets (943) (694)
Other non-current assets 334 300
Accounts payable (430) (948)
Accrued liabilities (724) 815
Other (72) (66)
Cash used in operating activities (11,455) (15,922)
Investing activities:    
Purchases of short-term investments (25,428) 0
Proceeds from sale of property, plant, and equipment 125 0
Purchases of property, plant, and equipment (558) (7,622)
Cash used in investing activities (25,861) (7,622)
Financing activities:    
Proceeds from equity financing, net 15,104 22,915
Repayment of long-term debt 0 (10,000)
Proceeds from financed insurance premiums 385 1,004
Repayment of financed insurance premiums (572) (294)
Payment of debt issuance costs (25) (24)
Payment of at-the-market facility costs 0 (395)
Proceeds from exercise of stock options 4 76
Proceeds from issuance of common stock under employee stock purchase plan 81 138
Cash provided by financing activities 14,977 13,420
Change in cash, cash equivalents, and restricted cash (22,339) (10,124)
Cash, cash equivalents, and restricted cash at beginning of period 28,484 42,236
Cash, cash equivalents, and restricted cash at end of period 6,145 32,112
Supplemental cash flow disclosures:    
Income taxes paid 41 0
Interest paid, net of amounts capitalized 1,178 1,934
Debt issuance costs included in accrued liabilities 0 23
Offering costs included in accounts payable and accrued liabilities 18 353
Capitalized property, plant, and equipment included in accounts payable and accrued liabilities 90 205
Issuance of common stock warrants 132 0
Recognition of operating right-of-use lease asset 1,293 (1,137)
Recognition of operating lease liabilities $ 1,306 $ (1,193)