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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (34,680) $ (43,007)
Adjustments to reconcile net loss to net cash, cash equivalents, and restricted cash used in operating activities    
Depreciation and amortization 4,324 2,351
(Accretion) amortization of lease right-of-use assets (266) 1,851
Loss on extinguishment of liabilities 248  
Share-based compensation expense 5,373 4,292
Change in fair value of warrant liability, net   1,332
Provision for doubtful accounts 453 467
Accrued interest, amortization of debt issuance costs and other 2,167 3,954
Inventory excess and obsolescence 20 115
Impairment loss on intangible assets 135 20
Changes in operating assets and liabilities:    
Accounts receivable (810) (1,178)
Other current assets 778 1,798
Other long-term assets 49 (26)
Accounts payable and other accrued liabilities (57) (247)
Deferred revenue 273 (395)
Contingent consideration (23,242)  
Tenant improvement allowances received   18,323
Current and long-term operating lease liabilities 682 (237)
Net cash and cash equivalents and restricted cash used in operating activities (44,553) (10,587)
Cash flows from investing activities    
Purchase of property and equipment (2,391) (19,935)
Patent costs and intangible asset acquisition, net (165) (126)
Net cash and cash equivalents and restricted cash used in investing activities (2,556) (20,061)
Cash flows from financing activities    
Proceeds from the issuance of common stock 55,625 15,316
Proceeds from issuance of common stock under employee stock purchase plan 624 643
Proceeds from exercise of stock options 19 90
Payment of contingent consideration   (7,591)
Repayment of term loan and notes payable (38) (36)
Payment of debt issuance costs (38) (833)
Equity financing costs (3,685) (61)
Other (276) (127)
Net cash and cash equivalents and restricted cash provided by financing activities 52,231 7,401
Net increase (decrease) in cash and cash equivalents and restricted cash 5,122 (23,247)
Cash, cash equivalents, and restricted cash ‑ beginning of period 26,371 43,174
Cash, cash equivalents, and restricted cash ‑ end of period 31,493 19,927
Supplemental cash flow information:    
Issuance of Perceptive Warrants   674
Operating lease right-of-use asset obtained in exchange for lease liabilities 281 867
Finance lease right-of-use assets obtained in exchange for lease liabilities 514 773
Cash paid for interest 4,443 3,241
Purchases of property & equipment included in accounts payable and accrued liabilities $ 526 $ 824