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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING CASH FLOW ACTIVITIES:    
Net loss $ (179,053) $ (165,757)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 318 327
Accretion of debt discount and amortization of financing costs 1,373 860
Change in fair value of derivative liabilities (438) 389
Stock-based compensation expense 18,614 17,337
Payable-in-kind interest on Credit Agreement 1,872 807
Loss on disposal of equipment 2 22
Operating lease right-of-use assets 288 271
Changes in operating assets and liabilities    
Accounts receivable 177 (248)
Inventory (6) (1,985)
Prepaid expenses, other current assets and other assets 2,888 (3,905)
Accounts payable, accrued expenses, due to related parties, and other current liabilities (3,219) 13,030
Accrued interest 2,497 3,804
Operating lease liabilities (319) (293)
Net cash used in operating activities (155,006) (135,341)
INVESTING CASH FLOW ACTIVITIES:    
Purchases of equipment and leasehold improvements (20) (139)
Net cash used in investing activities (20) (139)
FINANCING CASH FLOW ACTIVITIES:    
Proceeds from long-term debt   98,600
Debt issuance costs (180) (2,646)
Proceeds from issuance of common stock 27,032  
Offering costs for common stock issuance (811)  
Payment of employee tax obligations related to vesting restricted stock units (27)  
Exercise of stock options 508 283
Net cash provided by financing activities 26,522 96,237
Net decrease in cash and cash equivalents (128,504) (39,243)
Cash and cash equivalents, beginning of the period 193,725 232,968
Cash and cash equivalents, end of the period 65,221 193,725
Supplemental cash flow information:    
Issuance of stock purchase warrants 200 3,245
Repricing of stock purchase warrants 254  
Interest paid 7,551 $ 2,697
Conversion of accrued interest to long-term debt $ 767