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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities          
Net loss     $ (9,544) $ (8,183)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation     670 808  
Amortization of intangible assets $ 309 $ 314 622 631  
Non-cash operating lease cost     258 269  
Provision for expected credit losses     5 33  
Write-down of inventory     4    
Loss on disposal of property and equipment     120 11  
Stock-based compensation expense     3,750 38  
Changes in operating assets and liabilities:          
Accounts receivable     (691) 751  
Prepaid and other current assets     423 203  
Inventories     (840) (5,986)  
Accounts payable     326 (68)  
Accrued liabilities     (1,236) (741)  
Other     52 495  
Net cash used in operating activities     (6,081) (11,739)  
Cash flows from investing activities          
Purchase of property and equipment     (134) (255)  
Proceeds from sale of property and equipment       20  
Net cash used in investing activities     (134) (235)  
Cash flows from financing activities          
Contributions from PDL       1,771  
Distributions to PDL       (97)  
Proceeds from note payable due to related party       10,400  
Proceeds from issuance of common stock under employee stock purchase plan     170    
Net cash provided by financing activities     170 12,074  
Net decrease in cash, cash equivalents and restricted cash     (6,045) 100  
Cash, cash equivalents and restricted cash at beginning of the period [1]     40,599 4,715 $ 4,715
Cash, cash equivalents and restricted cash at end the period $ 34,554 [2] $ 4,815 [2] 34,554 [2] 4,815 [2] $ 40,599 [1]
Supplemental cash flow information          
Cash paid for interest       478  
Cash paid for taxes     19    
Supplemental schedule of non-cash investing and financing activities          
Transfer from Inventories to Equipment under lease, net     1,860 1,419  
Accounts payable for purchases of Property and equipment     $ 51    
Phantom stock liability settled with common stock       $ 783  
[1] Includes restricted cash of $100 as of December 31, 2019.
[2] Includes restricted cash of $100 as of June 30, 2020.