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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (9,200) $ (40,860)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,779 3,407
Stock-based compensation 4,451 5,002
Provision for bad debts 313 2,607
Amortization of discount on short-term investments 0 (390)
Amortization of operating lease right-of-use assets 336 330
Amortization of debt discount and issuance costs 580 1,290
Paid-in-kind interest on convertible note 273 0
Deferred income taxes 0 190
Revaluation of contingent royalty obligation payable to Evolus Founders 2,649 (7,451)
Loss from extinguishment of debts 968 0
Changes in assets and liabilities:    
Accounts receivable (2,497) (595)
Inventories 20 270
Prepaid expenses (909) 1,074
Other assets (6,283) 191
Accounts payable (1,549) (6,575)
Accrued expenses 15,256 0
Operating lease liabilities (406) (382)
Net cash provided by (used in) operating activities 7,781 (41,892)
Cash flows from investing activities    
Purchases of property and equipment 0 (677)
Additions to capitalized software (601) (1,463)
Purchases of short-term investments 0 (74,668)
Maturities of short-term investments 5,000 40,000
Net cash provided by (used in) investing activities 4,399 (36,808)
Cash flows from financing activities    
Repayment of long term debt (76,323) 0
Payment of contingent royalty obligation to Evolus Founders (1,512) (898)
Payment for debt obligation 0 (522)
Proceeds from issuance of common stock 655 0
Payments for offering costs (214) 0
Net cash provided by (used in) financing activities 16,995 (1,420)
Change in cash and cash equivalents 29,175 (80,120)
Cash and cash equivalents, beginning of period 102,562 109,892
Cash and cash equivalents, end of period 131,737 29,772
Supplemental disclosure of cash flow information    
Cash paid for interest 79 3,622
Non-cash investing and financing information:    
Conversion of convertible note to equity 39,808 0
Issuance of common stock in exchange for accrued litigation settlement expense 48,421 0
Capitalized software recorded in accounts payable and accrued expenses 10 81
Proceeds receivable from ATM sales of shares 744 0
Follow-On Offering    
Cash flows from financing activities    
Proceeds from issuance of common stock 92,426 0
ATM Sales Agreement    
Cash flows from financing activities    
Proceeds from issuance of common stock $ 1,963 $ 0