XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net loss $ (48,246) $ (42,880)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation 1,682 1,652
Amortization of intangible assets 224 226
Amortization (accretion) of discounts and premiums on investments, net 979 (298)
Stock-based compensation 3,273 3,894
Deferred tax expense 0 79
Bad debt expense 5 0
Change in inventory reserves 1,011 459
Change in fair value of warrant liabilities (291) (0)
Change in fair value of contingent consideration 12,180 308
Changes in operating assets and liabilities:    
Accounts receivable 3,008 1,614
Inventories (646) (1,240)
Operating lease right-of-use assets 387 40
Prepaid expenses 391 409
Other current and long-term assets 350 340
Accounts payable (2,040) 961
Accrued employee compensation and benefits (1,319) (577)
Accrued expenses and other current liabilities 912 (55)
Deferred revenue 62 (94)
Interest payable 309 0
Operating lease liabilities (459) (42)
Net cash and cash equivalents used in operating activities (28,228) (35,204)
Cash Flows from Investing Activities:    
Purchase of available-for-sale investments 0 (12,268)
Proceeds from maturities of available-for-sale investments 3,000 48,735
Purchase of property and equipment (111) (166)
Net cash and cash equivalents provided by investing activities 2,889 36,301
Cash Flows from Financing Activities:    
Proceeds from notes payable 15,000 0
Proceeds from issuance of common stock, net of issuance costs 982 196
Taxes paid related to net share settlement of vesting of restricted stock units (176) (490)
Proceeds from refund of non-redeemed shares of non-accredited investors 85 0
Proceeds from exercise of stock options 0 5
Net cash and cash equivalents provided by (used in) financing activities 15,891 (289)
Effect of exchange rate changes on cash and cash equivalents 9 751
Net (decrease) increase in cash, cash equivalents and restricted cash (9,439) 1,559
Cash, cash equivalents and restricted cash, beginning of period 18,738 7,470
Cash, cash equivalents and restricted cash, end of period 9,299 9,029
Supplemental Disclosure for Cash Flow Information    
Cash paid for leases 804 655
Cash paid for taxes 142 262
Supplemental Schedule of Non-cash Investing and Financing Activities:    
Transfer of inventories to property and equipment 857 802
Lease liabilities arising from obtaining right-of-use assets $ 112 $ 417