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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss - before noncontrolling interest (“NCI”) $ (40,106) $ (48,734)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities    
Depreciation and amortization expense 1,474 1,031
Stock-based compensation 6,926 9,820
Gain on sale of intellectual property (1,000)
APA-RDx: Issue common stock of majority-owned subsidiary - settle termination payment 713 239
Issue common stock - vendor service agreement 625
Change in fair value - Senior Secured Convertible Notes 1,380 2,000
Loss on issue - Senior Secured Convertible Note 1,111 2,500
Debt extinguishment loss - Senior Secured Convertible Note 1,268
Change in fair value - derivative liability 260
Non-cash lease expense 192 57
Changes in operating assets and liabilities:    
Accounts receivable (24) 200
Prepaid expenses, deposits and current and other assets (1,592) (1,665)
Accounts payable (1,541) 1,057
Accrued expenses and other current liabilities 1,241 (1,326)
Net cash flows used in operating activities (29,073) (34,821)
Cash flows from investing activities    
Purchase of equipment (41) (926)
Proceeds from sale of intellectual property 1,000
Asset acquisitions (2,200)
Net cash flows used in investing activities 959 (3,126)
Cash flows from financing activities    
Proceeds – issue of preferred stock - majority-owned subsidiary 13,625
Proceeds – issue of Senior Secured Convertible Note 10,000 25,000
Proceeds – issue of common stock - At-The-Market Facility 1,166
Proceeds – majority-owned subsidiary common stock - At-The-Market Facility 284
Proceeds – exercise of stock options 303
Proceeds – issue common stock – Employee Stock Purchase Plan 182 217
Proceeds – majority-owned subsidiary common stock – Employee Stock Purchase Plan 276
Proceeds – exercise of stock options issued under equity plan of majority owned subsidiary 688
Purchase Treasury Stock – payment of employee payroll tax obligation in connection with stock-based compensation (366)
Net cash flows provided by financing activities 25,533 25,842
Net increase (decrease) in cash (2,581) (12,105)
Cash, beginning of period 39,744 77,258
Cash, end of period $ 37,163 $ 65,153