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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating activities        
Net income $ 2,458 $ 3,733 $ 2,460 $ 18,151
Adjustments to reconcile net income to net cash provided by operating activities:        
Non-cash interest expense     2,771 3,718
Share-based compensation expense     2,614 2,140
Amortization of intangible assets 400 400 776 776
Unrealized loss on short-term investments and securities sold, not yet purchased     406  
Amortization of right-of-use lease assets     86 117
Depreciation expense     48 56
Gain on forgiveness of Paycheck Protection Program loan     (2,325)  
Gain on sale of non-controlling equity interest     (699)  
(Gain) loss on change in fair value of contingent value rights     (140) 370
Loss on foreign currency exchange     385  
Inventory fair value step-up adjustment included in cost of product sales       850
Changes in operating assets and liabilities:        
Accounts receivable, net     2,683 (2,762)
Inventory, net     (2,018) (318)
Prepaid expenses and other current assets     1,896 (1,813)
Accounts payable     (153) (920)
Accrued expenses and other current liabilities     499 1,217
Deferred revenue       2,849
Lease liabilities     (86) (117)
Net cash provided by operating activities     9,203 24,314
Investing activities        
Proceeds from securities sold, not yet purchased     271  
Net cash provided by investing activities     271  
Financing activities        
Purchases of common stock under stock repurchase plan     (8,064)  
Net proceeds from issuance of common stock under ESPP     260 198
Net proceeds from issuance of common stock under 2013 Equity Plan       155
Net cash (used for) provided by financing activities     (7,804) 353
Net increase in cash, cash equivalents and restricted cash     1,670 24,667
Cash, cash equivalents and restricted cash, beginning of period     46,708 21,261
Cash, cash equivalents and restricted cash, end of period 48,378 45,928 48,378 45,928
Supplemental disclosure of non-cash investing and financing activities        
Forgiveness of Paycheck Protection Program loan     2,325  
Sale of non-controlling equity interest     699  
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets        
Cash and cash equivalents 48,338 45,888 48,338 45,888
Restricted cash 40 40 40 40
Cash, cash equivalents and restricted cash, end of period $ 48,378 $ 45,928 $ 48,378 $ 45,928