XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net loss $ (21,516) $ (49,198)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 945 679
Stock-based compensation expense 2,539 745
Change in fair value of convertible debt (17,276) 12,959
Non-cash interest expense 7,483 1,176
Loss on convertible debt extinguishment   3,863
Change in right-of-use asset 1,489 662
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 2,095 (72)
Accounts payable and accrued liabilities (2,031) (321)
Accrued compensation 812 (87)
Operating lease liability (4,164) (9,723)
Net cash used in operating activities (29,624) (39,317)
Investing activities:    
Purchases of property and equipment (1,956) (5,744)
Net cash used in investing activities (1,956) (5,744)
Financing activities:    
Proceeds from issuance of convertible debt, net of issuance costs   29,101
Proceeds from issuance of term debt, net of issuance costs 34,889 24,925
Payments for taxes related to net share settlement of equity awards (61)  
Proceeds from exercise of stock options 130 5
Net cash provided by financing activities 34,958 54,031
Net increase in cash, cash equivalents and restricted cash 3,378 8,970
Cash, cash equivalents and restricted cash, beginning of period 19,243 20,812
Cash, cash equivalents and restricted cash, end of period 22,621 29,782
Supplemental disclosure of cash flow information:    
Right-of-use asset obtained in exchange for operating lease liability 977 2,513
Property and equipment included in accounts payable and accrued liabilities $ 263 $ 1,047