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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net loss $ (19,774) $ (14,657)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,309 2,639
Amortization of intangible assets 1,256 1,227
Non-cash operating lease cost 505 537
Provision for bad debts 22 (78)
Write-down of inventory 8  
Loss on disposal of property and equipment 27  
Stock-based compensation expense 9,045 102
Changes in operating assets and liabilities:    
Accounts receivable, net 1,332 14
Prepaid and other current assets (1,239) (51)
Inventories (8,697) (4,773)
Accounts payable 910 127
Accrued liabilities 871 1,929
Other 634 395
Net cash used in operating activities (13,791) (12,589)
Cash flows from investing activities    
Acquisition of intangibles   (1,700)
Purchase of property and equipment (366) (389)
Proceeds from sale of property and equipment 40  
Net cash used in investing activities (326) (2,089)
Cash flows from financing activities    
Contributions from PDL 2,366 3,826
Distributions to PDL (1,862) (31)
Proceeds from notes payable due to related party 12,400 13,225
Payment of contingent consideration   (1,071)
Sale of common stock to PDL 16,431  
Capital contribution from PDL 20,666  
Net cash provided by financing activities 50,001 15,949
Net increase in cash, cash equivalents and restricted cash 35,884 1,271
Cash, cash equivalents and restricted cash at beginning of the year [1] 4,715 [2] 3,444
Cash, cash equivalents and restricted cash at end the year [2] 40,599 4,715 [1]
Supplemental cash flow information    
Cash paid for interest 478 473
Supplemental schedule of non-cash investing and financing activities    
Transfer from Inventories to Equipment under lease, net 3,280 745
Phantom stock liability settled with common stock 783 $ 784
Modification of phantom stock-based awards 306  
Common stock issued to extinguish Series A Preferred Stock 37,246  
Common stock issued to extinguish note payable due to related party $ 32,633  
[1] Includes restricted cash of $100 as of December 31, 2019 and 2018, respectively
[2] Includes restricted cash of zero and $100 as of December 31, 2020 and 2019, respectively