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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (24,422) $ (32,058)
Adjustments to reconcile net loss to net cash, cash equivalents, and restricted cash used in operating activities    
Depreciation and amortization 2,832 1,569
(Accretion) amortization of lease right-of-use assets (191) 1,394
Loss on extinguishment of liabilities 248  
Share-based compensation expense 3,858 3,338
Change in fair value of warrant liability, net   (61)
Provision for doubtful accounts 220 367
Accrued interest, amortization of debt issuance costs and other 2,084 2,695
Inventory excess and obsolescence 12 115
Impairment loss on intangible assets 135 20
Changes in operating assets and liabilities:    
Accounts receivable (2,669) 580
Other current assets 1,129 1,349
Other long-term assets 12  
Accounts payable and other accrued liabilities (679) 1,236
Deferred revenue 71 49
Contingent consideration (17,167)  
Tenant improvement allowances received   12,978
Current and long-term operating lease liabilities 645 (320)
Net cash and cash equivalents and restricted cash used in operating activities (33,882) (6,749)
Cash flows from investing activities    
Purchase of property and equipment (2,160) (14,093)
Patent costs and intangible asset acquisition, net (110) (85)
Net cash and cash equivalents and restricted cash used in investing activities (2,270) (14,178)
Cash flows from financing activities    
Proceeds from the issuance of common stock 55,625  
Proceeds from issuance of common stock under employee stock purchase plan 282 420
Proceeds from exercise of stock options 7 87
Payment of contingent consideration   (4,262)
Repayment of term loan and notes payable (25) (24)
Payment of debt issuance costs (37) (832)
Equity financing costs (3,615) (61)
Other (150) (79)
Net cash and cash equivalents and restricted cash provided by (used in) financing activities 52,087 (4,751)
Net increase (decrease) in cash and cash equivalents and restricted cash 15,935 (25,678)
Cash, cash equivalents, and restricted cash ‑ beginning of period 26,371 43,174
Cash, cash equivalents, and restricted cash ‑ end of period 42,306 17,496
Supplemental cash flow information:    
Debt issuance costs included in accounts payable and other accrued liabilities 2  
Equity financing costs included in accounts payable and other accrued liabilities 55  
Issuance of Perceptive Warrants   674
Operating lease right-of-use asset obtained in exchange for lease liabilities 281 858
Finance lease right-of-use assets obtained in exchange for lease liabilities 326 773
Cash paid for interest 2,472 2,119
Purchases of property & equipment included in accounts payable and accrued liabilities $ 68 $ 27