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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss - before noncontrolling interest (“NCI”) $ (22,214) $ (19,633)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities    
Depreciation and amortization expense 727 216
Stock-based compensation 4,419 4,814
Gain on sale of intellectual property (1,000)
APA-RDx: Issue common stock of majority-owned subsidiary - settle termination payment 713
Change in fair value - Senior Secured Convertible Notes 1,040
Loss on issue and offering costs - Senior Secured Convertible Note 1,186
Debt extinguishment loss - Senior Secured Convertible Note 525
Non-cash lease expense 79 29
Changes in operating assets and liabilities:    
Accounts receivable (10) 111
Prepaid expenses, deposits and current and other assets (326) (134)
Accounts payable (1,444) 3,922
Accrued expenses and other current liabilities 18 (1,588)
Net cash flows used in operating activities (16,287) (12,263)
Cash flows from investing activities    
Purchase of equipment (26) (574)
Proceeds from sale of intellectual property 1,000
Net cash flows used in investing activities 974 (574)
Cash flows from financing activities    
Proceeds – issue of preferred stock - majority-owned subsidiary 13,625
Proceeds – issue of Senior Secured Convertible Note, net of offering costs 9,925
Proceeds – issue of common stock - At-The-Market Facility 557
Proceeds – majority-owned subsidiary common stock - At-The-Market Facility 284
Proceeds – exercise of stock options 241
Proceeds – issue common stock – Employee Stock Purchase Plan 182 217
Proceeds – majority-owned subsidiary common stock – Employee Stock Purchase Plan 276 187
Purchase Treasury Stock – payment of employee payroll tax obligation in connection with stock-based compensation (329)
Net cash flows provided by financing activities 24,849 316
Net increase (decrease) in cash 9,536 (12,521)
Cash, beginning of period 39,744 77,258
Cash, end of period $ 49,280 $ 64,737