XML 21 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (13,797) $ (9,586)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,540 533
Stock-based compensation 2,909 2,314
Change in fair value of warrant liability   211
Amortization of debt discount   910
Accrued interest expense 13 416
Amortization of lease right-of-use assets 256 120
Change in operating lease liabilities (242) (117)
Other 154 41
Changes in assets and liabilities:    
Accounts receivable (791) 518
Inventories (561) 21
Tax credits and receivables 29 (554)
Prepaid expenses and other assets (360) (100)
Accounts payable 474 (403)
Deferred revenue and other liabilities (1,186) 25
Net cash used in operating activities (11,562) (5,651)
Cash flows from investing activities:    
Purchases of property and equipment (342) (52)
Purchases of intangible assets (21) (95)
Proceeds from maturities of marketable securities 9,434  
Purchases of marketable securities (497)  
Net cash provided by (used in) investing activities 8,574 (147)
Cash flows from financing activities:    
Taxes paid to net share settle equity awards (59)  
Payment of lease obligation (26)  
Proceeds from exercise of stock options   30
Net proceeds from loan facility   552
Net proceeds from convertible debenture   5,545
Net cash provided by (used in) financing activities (85) 6,127
Net increase (decrease) in cash and cash equivalents (3,073) 329
Cash and cash equivalents at beginning of period 5,893 1,711
Cash and cash equivalents at end of period 2,820 2,040
Supplemental disclosure:    
Recognition of right-of-use assets and lease liabilities 995  
Unrealized loss on available-for-sale securities $ 41  
Fair value of new warrants issued recognized as debt discount   $ 2,604