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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net loss - before noncontrolling interest (“NCI”) $ (103,238) $ (56,126)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities    
Depreciation and amortization expense 2,457 226
Stock-based compensation 19,532 15,009
In-process R&D charge 133
APA-RDx: Issue common stock of majority-owned subsidiary - settle installment payment 653
Change in fair value - Senior Secured Convertible Note 1,273 (1,682)
Loss upon Issuance - Senior Secured Convertible Note 3,523
Debt extinguishment loss - Senior Secured Convertible Notes and Senior Convertible Note 5,434 3,715
Debt forgiveness (300)
Non-cash lease expense 97
Changes in operating assets and liabilities:    
Accounts receivable 183 (200)
Prepaid expenses, deposits and current and other assets 397 (3,458)
Accounts payable (742) 174
Accrued expenses and other current liabilities (554) 1,918
Net cash flows used in operating activities (70,985) (40,591)
Cash flows from investing activities    
Purchase of equipment (1,540) (1,469)
Asset acquisitions, net of cash (3,200) (2,247)
Net cash flows used in investing activities (4,740) (3,716)
Cash flows from financing activities    
Proceeds – issue of common stock - initial public offering - majority-owned subsidiary 62,000
Payment – offering costs - initial public offering - majority-owned subsidiary common stock (5,665)
Proceeds – issue of common stock – registered offerings 55,016
Payment – offering costs – registered offerings (1,312)
Proceeds – issue of Senior Secured Convertible Note, net of offering costs 35,227
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)
Proceeds – issue of common stock - At-The-Market Facility 79
Proceeds – majority-owned subsidiary common stock - Committed Equity Facility 1,807
Proceeds – exercise of Series Z warrants 7,804
Proceeds – exercise of Series W warrants 20
Proceeds – exercise of stock options 302 980
Proceeds – issue common stock – Employee Stock Purchase Plan 358 436
Proceeds – majority-owned subsidiary common stock – Employee Stock Purchase Plan 109
Proceeds – exercise of stock options issued under equity plan of majority owned subsidiary 695
Purchase Treasury Stock – payment of employee payroll tax obligation in connection with stock-based compensation (366)
Net cash flows provided by financing activities 38,211 104,309
Net increase (decrease) in cash (37,514) 60,002
Cash, beginning of period 77,258 17,256
Cash, end of period $ 39,744 $ 77,258