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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (61,248) $ (28,633)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,695 4,702
Stock-based compensation 8,421 6,927
Provision for bad debts 1,363 501
Amortization of operating lease right-of-use assets 573 512
Amortization of debt discount and issuance costs 805 882
Paid-in-kind interest on convertible note 0 272
Deferred income taxes (15) 0
Revaluation of contingent royalty obligation payable to Evolus Founders 3,946 4,049
Loss from extinguishment of debts 0 968
Changes in assets and liabilities:    
Accounts receivable (7,626) (4,110)
Inventories (15,283) (7,161)
Prepaid expenses 1,426 344
Other assets 2,300 0
Accounts payable 2,338 (2,312)
Accrued expenses (110) 14,334
Accrued litigation settlement (15,000) (15,000)
Operating lease liabilities (723) (619)
Net cash (used in) provided by operating activities (76,138) (24,344)
Cash flows from investing activities    
Purchases of property and equipment (752) 0
Additions to capitalized software (796) (580)
Maturities of short-term investments 0 5,000
Net cash (used in) provided by investing activities (1,548) 4,420
Cash flows from financing activities    
Repayment of long term debt 0 (76,323)
Payment of contingent royalty obligation to Evolus Founders (3,169) (2,295)
Payments for offering costs 0 (214)
Issuance of common stock in connection with incentive equity plan 539 654
Net cash (used in) provided by financing activities (2,630) 25,158
Effect of exchange rates on cash (368) 0
Change in cash and cash equivalents (80,684) 5,234
Cash and cash equivalents, beginning of period 146,256 102,562
Cash and cash equivalents, end of period 65,572 107,796
Supplemental disclosure of cash flow information    
Cash paid for interest 5,651 79
Cash paid for income taxes 70 0
Non-cash investing and financing information    
Conversion of convertible note to equity 0 39,808
Issuance of common stock in exchange for accrued litigation settlement expense 0 48,421
Capitalized software recorded in accounts payable and accrued expenses 0 10
Follow-On Offering    
Cash flows from financing activities    
Proceeds from issuance of common stock 0 92,426
ATM Sales Agreement    
Cash flows from financing activities    
Proceeds from issuance of common stock $ 0 $ 10,910