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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities          
Net loss     $ (15,699) $ (12,946)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation     1,063 1,035  
Amortization of intangible assets $ 309 $ 313 931 944  
Non-cash operating lease cost     388 377  
Provision for expected credit losses     3 28  
Write-down of inventory     307    
Loss on disposal of property and equipment     133 27  
Stock-based compensation expense     5,323 3,910  
Changes in operating assets and liabilities:          
Accounts receivable     (794) 912  
Prepaid and other current assets     856 (123)  
Inventories     (271) (8,126)  
Accounts payable     (103) 772  
Accrued liabilities     (324) (70)  
Other     (43) 1,466  
Net cash used in operating activities     (8,230) (11,794)  
Cash flows from investing activities          
Purchase of property and equipment     (198) (261)  
Proceeds from sale of property and equipment       40  
Net cash used in investing activities     (198) (221)  
Cash flows from financing activities          
Contributions from PDL       2,366  
Distributions to PDL       (1,862)  
Proceeds from note payable due to related party       12,400  
Sale of common stock to PDL       16,431  
Capital contribution from PDL       20,666  
Proceeds from issuance of common stock under employee stock purchase plan     170    
Net cash provided by financing activities     170 50,001  
Net (decrease) increase in cash, cash equivalents and restricted cash     (8,258) 37,986  
Cash, cash equivalents and restricted cash at beginning of the period [1]     40,599 4,715 $ 4,715
Cash and cash equivalents at end the period $ 32,341 $ 42,701 32,341 42,701 $ 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     $ 3,285 2,521  
Phantom stock liability settled with common stock       783  
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 to PDL       $ 32,633  
[1] Includes restricted cash of $100 as of December 31, 2019.