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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (45,913) $ (40,539)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,248 1,571
Amortization of investment discount 97 13
Equity-based compensation 15,429 7,615
Amortization of debt discount and issuance costs 6,079 5,426
(Gain) loss on disposal of property and equipment (100) 527
Contributions to deferred compensation plan (236) (160)
(Increase) decrease in assets:    
Accounts receivable (564) 550
Inventory and instruments in property and equipment (524) (1,979)
Prepaid expense and other 60 (360)
Increase (decrease) in liabilities:    
Accounts payable 564 390
Accrued liabilities, and other 736 (581)
Accrued interest 45 0
Deferred revenue and income (94) (39)
Deferred compensation 245 171
Net cash used in operating activities (22,928) (27,395)
Cash flows from investing activities:    
Purchases of equipment (29) (643)
Purchases of marketable securities (15,699) (21,509)
Maturities of marketable securities 23,993 27,844
Net cash provided by investing activities 8,265 5,692
Cash flows from financing activities:    
Proceeds from issuance of common stock 22,122 0
Proceeds from exercise of options 1,222 3,031
Proceeds from issuance of common stocks under employee purchase plan 161 216
Proceeds from debt 0 4,791
Net cash provided by financing activities 23,505 8,038
Effect of exchange rate on cash (43) 19
Increase (decrease) in cash and cash equivalents 8,799 (13,646)
Cash and cash equivalents, beginning of period 35,781 61,014
Cash and cash equivalents, end of period 44,580 47,368
Non-cash investing activities:    
Net transfer of instruments from inventory to property and equipment 500 1,288
Supplemental cash flow information:    
Interest paid 2,144 2,144
Income taxes paid, net of refunds $ 0 $ 26