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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities        
Net loss - before noncontrolling interest (“NCI”) $ (14,914) $ (17,892) $ (33,426) $ (40,106)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities        
Depreciation and amortization expense     891 1,474
Stock-based compensation 1,904 2,507 3,786 6,926
Gain on sale of intellectual property (1,000)
APA-RDx: Issue common stock of subsidiary - termination payment     713
Amortization of common stock payment for vendor service agreement     163 625
Change in fair value - Senior Secured Convertible Notes 566 340 2,728 1,380
Loss on issue - Senior Secured Convertible Note     1,111
Debt extinguishment loss - Senior Secured Convertible Note 763 743 1,132 1,268
Change in fair value - derivative liability 260 260
Non-cash lease expense     5 192
Changes in operating assets and liabilities:        
Accounts receivable     (158) (24)
Prepaid expenses, deposits and current and other assets     380 (1,592)
Accounts payable     (553) (1,541)
Accrued expenses and other current liabilities     287 1,241
Net cash flows used in operating activities     (24,765) (29,073)
Cash flows from investing activities        
Purchase of equipment     (45) (41)
Proceeds from sale of intellectual property     1,000
Net cash flows provided by (used in) investing activities     (45) 959
Cash flows from financing activities        
Proceeds – issue of preferred stock - subsidiary     29,798 13,625
Proceeds – issue of Senior Secured Convertible Note     10,000
Payment – Senior Secured Convertible Note – acceleration floor payments     (531)
Proceeds – issue of common stock - At-The-Market Facility     984 1,166
Proceeds – subsidiary common stock - Committed Equity Facility and At-The-Market Facility     284
Proceeds – issue common stock – Employee Stock Purchase Plan     62 182
Proceeds – subsidiary common stock – Employee Stock Purchase Plan     353 276
Proceeds – exercise of stock options issued under equity plan of subsidiary     4
Net cash flows provided by financing activities     30,670 25,533
Net increase (decrease) in cash     5,860 (2,581)
Cash, beginning of period     19,639 39,744
Cash, end of period $ 25,499 $ 37,163 $ 25,499 $ 37,163