XML 14 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net Income (Loss) $ (16,780) $ (20,032)
Adjustments to reconcile net loss to net cash (used in) operating activities:    
Depreciation and amortization 3,814 3,169
Stock-based compensation 1,616 2,189
Gain on receipt of nonmonetary tangible assets (1,600) (1,600)
Change in right-of-use assets 510 520
Non-cash issuance of warrants 0 1,940
Change in warrant valuations and cancellations 60 0
Other (110) 0
Changes in operating assets and liabilities    
Accounts receivable 2,705 1,979
Inventories (751) 11,027
Prepaid expenses and other assets (1,257) (1,908)
Other long-term assets (1) (176)
Accounts payable 874 381
Accrued and other current liabilities 446 (2,322)
Other long-term liabilities (75) (261)
Net cash used in operating activities (10,549) (5,094)
Cash flows from investing activities    
Purchase of intangible assets (2,687) (1,505)
Purchases of property, equipment and software (454) (213)
Net cash used in investing activities (3,141) (1,718)
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net of issuance costs 0 51,496
Proceeds from exercise of stock options 175 293
Net cash provided by financing activities 175 51,789
Effect of exchange rate changes on cash and cash equivalents 39 (25)
Net (decrease) increase in cash and cash equivalents (13,476) 44,952
Cash and cash equivalents at beginning of period 60,981 27,321
Cash and cash equivalents at end of period 47,505 72,273
Supplemental disclosure of non-cash investing and financing activities    
Intangible assets in accounts payable, accrued and other long-term liabilities 8,328 1,280
Gain on receipt of nonmonetary tangible asset 1,600 1,600
Right-of-use assets obtained in exchange for new operating lease liabilities 383 321
Deemed dividends $ 0 $ 2,419