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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (12,242) $ (12,772)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,030 2,622
Depreciation and amortization 340 249
Bad debt expense 0 192
Accretion on marketable securities 331 (25)
Amortization of debt issuance costs 88 65
Loss on sale and disposal of property and equipment 104 0
Changes in operating assets and liabilities:    
Accounts receivable 581 2,207
Inventory (1,725) (256)
Prepaid expenses and other assets 20 581
Accounts payable 1,059 76
Accrued liabilities and other (1,945) (2,294)
Net cash used in operating activities (9,359) (9,355)
Cash flows from investing activities    
Maturities of marketable securities 33,200 21,000
Purchases of marketable securities (38,346) (16,777)
Purchases of property and equipment (1,976) (884)
Net cash (used in) provided by investing activities (7,122) 3,339
Cash flows from financing activities    
Proceeds from follow-on public offering, net of underwriting discounts, commissions and offering costs 0 62,978
Proceeds from the exercise of stock options 601 174
Net cash provided by financing activities 601 63,152
Effect of exchange rate changes on cash and cash equivalents (337) (3)
Net (decrease) increase in cash and cash equivalents (16,217) 57,133
Cash and cash equivalents at    
Beginning of period 53,581 10,435
End of period 37,364 67,568
Supplemental disclosure of non-cash information    
Vesting of early exercised stock options 9 27
Unpaid purchases of property and equipment $ 1,195 $ 52