XML 22 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities      
Net loss $ (24,061) $ (17,622)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation expense 325 331  
Stock-based compensation 3,198 1,675  
Change in fair value of warrant liability 337    
Non-cash change in fair value of term loan (247)    
Non-cash lease expense 325 300  
Other 27 128  
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (693) (400)  
Accounts payable 3,980 359  
Accrued expenses and other liabilities 422 (250)  
Deferred revenue (3,411) (4,706)  
Net cash used in operating activities (19,798) (20,185)  
Cash flows from investing activities      
Purchase of property, plant and equipment (140) (3,900)  
Net cash used in investing activities (140) (3,900)  
Cash flows from financing activities      
Debt issuance costs for term loan (18)    
Payment of offering costs   (387)  
Proceeds from common stock issuances under ESPP 26 50  
Other (30) (33)  
Net cash used in financing activities (22) (370)  
Net decrease in cash, cash equivalents and restricted cash (19,960) (24,455)  
Cash, cash equivalents and restricted cash at the beginning of the period 146,540 90,517 $ 90,517
Cash, cash equivalents and restricted cash at the end of the period 126,580 66,062 146,540
Cash and cash equivalents 123,980 63,425 $ 143,940
Restricted cash 2,600 2,637  
Supplemental disclosure of cash flow information:      
Cash paid for interest 1,329 1,125  
Supplemental disclosure of noncash investing and financing activities:      
Property, plant and equipment in accounts payable and accrued expenses $ 52 $ 112