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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss - before noncontrolling interest (“NCI”) $ (56,126) $ (35,888)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities    
Depreciation expense 80 23
Amortization expense 146
Stock-based compensation 15,009 2,044
In-process R&D charge 133
Change in fair value - Senior Secured Convertible Notes and Senior Convertible Note (1,682) 5,327
Debt extinguishment loss - Senior Secured Convertible Notes and Senior Convertible Note 3,715 6,497
Debt forgiveness (300)
Changes in operating assets and liabilities:    
Accounts receivable (200)
Prepaid expenses and other current assets (3,458) (1,336)
Accounts payable 174 501
Accrued expenses and other current liabilities 1,918 918
Net cash flows used in operating activities (40,591) (21,914)
Cash flows from investing activities    
Purchase of equipment (1,469) (55)
Acquisitions, net of cash acquired (2,247)
Net cash flows used in investing activities (3,716) (55)
Cash flows from financing activities    
Proceeds - issue of common stock - initial public offering - majority-owned subsidiary common stock 62,000
Payment - offering costs - initial public offering - majority-owned subsidiary common stock (5,665)
Proceeds – issue of common stock – registered offerings 55,016 16,032
Payment – offering costs – registered offerings (1,312) (100)
Proceeds – issue of Senior Secured Convertible Notes 13,300
Proceeds – issue of Senior Convertible Note 3,700
Proceeds – Cares Act Paycheck Protection Program Loan 300
Payment – repayment of Senior Convertible Note and Senior Secured Convertible Note (14,816)
Payment – Senior Convertible Note and Senior Secured Convertible Note – non-installment payments (154) (600)
Proceeds – exercise of Series Z warrants 7,804
Proceeds – exercise of Series W warrants 20
Proceeds – exercise of Series S warrants 12
Proceeds – exercise of stock options 980
Proceeds – issue common stock – Employee Stock Purchase Plan 436 357
Proceeds – exercise of stock options issued under equity incentive plan of majority owned subsidiary 5
Net cash flows provided by financing activities 104,309 33,006
Net increase (decrease) in cash 60,002 11,037
Cash, beginning of period 17,256 6,219
Cash, end of period $ 77,258 $ 17,256