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Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (31,140) $ (49,687)
Adjustments to reconcile net loss to net cash used in operating activities:    
Inventory reserve 1,211 0
Depreciation and amortization 90 86
Stock-based compensation 3,245 1,872
Amortization of right of use assets 73 72
Amortization of debt discounts and issuance costs 0 3
Change in fair value of warrant liability (12,282) 29,747
Loss on disposal of property and equipment 0 157
Changes in operating assets and liabilities    
Accounts receivable 495 (3,253)
Inventory (1,931) (2,047)
Prepaid expenses and other assets (78) (223)
Accounts payable and accrued liabilities (5,531) 5,590
Accrued bonuses (51) (345)
Accrued interest 0 (598)
Other current and long-term liabilities (75) (131)
Net cash used in operating activities (45,974) (18,757)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from disposal of property and equipment 0 94
Net cash provided by investing activities 0 94
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from issuance of common stock 2,416 74,461
Proceeds from exercise of warrants 0 4,932
Repayments of long-term debt 0 (625)
Net cash provided by financing activities 2,416 78,768
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (43,558) 60,105
Cash and cash equivalents, beginning of period 69,392 22,449
Cash and cash equivalents, end of period 25,834 82,554
SUPPLEMENTAL INFORMATION    
Income taxes 0 0
Interest 0 6
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Cashless exercise of warrants 0 1,879
Preferred stock conversion feature and dividends 0 2,525
Conversion of preferred stock $ 0 $ 8,361