XML 21 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING CASH FLOW ACTIVITIES:    
Net loss $ (52,796) $ (31,472)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 80 77
Accretion of debt discount and amortization of financing costs 333  
Change in fair value of derivative liabilities 231  
Stock-based compensation expense 4,877 3,825
Payable-in-kind interest on Credit Agreement 398  
Operating lease right-of-use assets 70 66
Changes in operating assets and liabilities    
Accounts receivable (35)  
Inventory 33 (682)
Prepaid expenses, other current assets and other assets (2,006) (3,480)
Accounts payable, accrued expenses, due to related parties, and other current liabilities (4,654) (676)
Accrued interest 1,193  
Operating lease liabilities (77) (71)
Net cash used in operating activities (52,353) (32,413)
INVESTING CASH FLOW ACTIVITIES:    
Purchases of property and equipment   (120)
Net cash used in investing activities   (120)
FINANCING CASH FLOW ACTIVITIES:    
Proceeds from issuance of common stock 24,657  
Offering costs for stock issuance (739)  
Payment of employee tax obligations related to vesting restricted stock units (27)  
Exercise of stock options 258  
Net cash provided by financing activities 24,149  
Net decrease in cash and cash equivalents (28,204) (32,533)
Cash and cash equivalents, beginning of the period 193,725 232,968
Cash and cash equivalents, end of the period 165,521 $ 200,435
Supplemental cash flow information:    
Deferred initial public offering costs in accrued expenses $ 596