XML 20 R7.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
Cash flows from operating activities:    
Net loss $ (57,802) $ (66,701)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 793 828
Stock-based compensation 11,784 17,362
Amortization of operating right-of-use assets 565 573
Provision for excess and obsolete inventory 89 35
Non-cash interest expense, net of cash paid for PIK interest (1,350) 1,745
Change in fair value of Warrant liabilities (19) 79
Change in fair value of Term Loan 635 (1,356)
Debt issuance costs netted from Term Loan proceeds 0 993
Gain on marketable securities (1,495) 0
Unrealized foreign exchange gain (810) (40)
Change in operating assets and liabilities:    
Trade accounts receivable 122 7
Inventories (298) (235)
Prepaid expenses and other current assets (437) 2,035
Trade accounts payable (822) (2,267)
Accrued expenses and other current liabilities 3,268 965
Deferred revenue 219 479
Operating lease liability 292 (412)
Other non-current assets 606 0
Net cash used in operating activities (44,660) (45,910)
Cash flows from investing activities:    
Purchase of property and equipment (1,156) (141)
Purchase of convertible note (Note 4) (1,000) 0
Sales of marketable equity securities (Note 4) 254 0
Expenditures for internal-use software (276) (35)
Net cash used in investing activities (2,178) (176)
Cash flows from financing activities:    
Proceeds from the issuance of common stock pursuant to the Lincoln Park Purchase Agreement 32,187 61,346
Proceeds from the issuance of common stock in at-the-market offerings, net of issuance costs of $223 20,688 0
Proceeds from the issuance of common stock upon exercise of stock options 84 1,890
Proceeds from common stock issued under the Employee Stock Purchase Plan 171 273
Proceeds from Term Loan 0 29,007
Proceeds from government assistance 0 1,487
Payment on directors and officers insurance financing arrangement 0 (1,449)
Payment of tax withheld pursuant to stock-based compensation settlements (1,470) 0
Short swing profit settlement 0 244
Debt payment for Term Loan (16,403) 0
Debt payment for TPC Loan (370) (390)
Net cash provided by financing activities 34,887 92,408
Effect of exchange rate changes on cash and cash equivalents (82) (70)
Net increase (decrease) in cash and cash equivalents (12,033) 46,252
Cash and cash equivalents at beginning of period 41,307 7,065
Cash and cash equivalents at end of period 29,274 53,317
Supplemental disclosures of cash flow information:    
Cash Paid for Interest 4,304 0
Supplemental disclosure of non-cash investing and financing activities:    
Inventory applied to capital projects 385 152
Operating lease right-of-use assets exchanged for new operating lease obligations 796 0
Purchases of property and equipment included in accounts payable 96 53
Bonus settled in vested share based compensation awards $ 2,006 $ 0