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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 7,469 $ 4,112
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 609 274
Amortization of deferred financing costs 36 54
Amortization of right-of-use assets 177  
Share based compensation expense 3,836 494
Provision for doubtful accounts 139  
Loss on change in fair value of warrant liabilities   433
Changes in:    
Accounts receivable (3,437) (3,363)
Inventories (3,073) (1,233)
Prepaid expenses, deposits and other assets (2,908) (1,294)
Accounts payable 2,473 315
Payroll-related accruals, accrued expenses and other liabilities 3,635 (471)
Lease liabilities (190)  
Net cash provided by (used in) operating activities 8,766 (679)
Cash flows from investing activities    
Purchase of property and equipment (1,265) (609)
Purchase of short-term investments (21,246)  
Net cash used in investing activities (22,511) (609)
Cash flows from financing activities    
Proceeds from notes payable   10,000
Proceeds from issuance of common stock under employee stock purchase plan 1,882  
Proceeds from exercise of stock options 381 22
Payment of taxes related to vested restricted stock units (49)  
Net cash provided by financing activities 2,214 10,022
Effect of foreign exchange rate on cash and cash equivalents (183)  
Net (decrease) increase in cash (11,714) 8,734
Cash, cash equivalents and restricted cash beginning of period 114,617 24,027
Cash, cash equivalents and restricted cash end of period 102,903 32,761
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 118 22
Cash paid for interest $ 37 236
Noncash investing and financing:    
Accrual of deferred interest obligation associated with debt   $ 100