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v3.25.1

Condensed Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Operating activities: |  |
Net loss | $ (22,930) | $ (12,828)
Adjustments to reconcile net loss to net cash used for operating activities: |  |
Depreciation, amortization, and impairment | 139 | 207
Share-based compensation | 1,587 | 1,580
Amortization of debt issuance costs and discounts | 2,750 | 2,673
Other, net | 46 | 32
Changes in operating assets and liabilities: |  |
Trade and other receivables, net | (3,129) | 147
Inventories | (1,154) | (965)
Prepaid expenses and other assets | 423 | (253)
Accounts payable | 1,905 | 1,284
Accrued expenses and other liabilities | (2,776) | (1,873)
Deferred revenue | (261) | (388)
Net cash used for operating activities | (23,400) | (10,384)
Investing activities: |  |
Capital expenditures | (135) | (29)
Net cash used for investing activities | (135) | (29)
Financing activities: |  |
Proceeds from exercise of stock options, net | 0 | 539
Repayment of debt principal including lease liabilities | (6) | (5)
Payments for royalty obligations | (5) | 0
Payments for taxes on share-based compensation | (703) | (893)
Net cash provided by financing activities | 20,646 | 81,741
Net (decrease) increase in cash and cash equivalents | (2,889) | 71,328
Cash and cash equivalents: |  |
Cash and cash equivalents at beginning of period | 71,546 | 23,872
Cash and cash equivalents at end of period | 68,657 | 95,200
Supplemental disclosures of cash flow information: |  |
Cash payments for interest | 1,525 | 1,003
Costs associated with public equity offering in Accounts Payable | 0 | 313
Costs associated with public equity offering-ATM in Accounts Payable | 89 | 0
At-the-market offering |  |
Financing activities: |  |
Proceeds from common stock issued under public equity offering | 21,360 | 11,974
Public Equity Offering |  |
Financing activities: |  |
Proceeds from common stock issued under public equity offering | $ 0 | $ 70,126

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