Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows

v3.21.2
Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net loss $ (37,635) $ (17,498)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 322 368
Stock-based compensation 3,271 2,444
Noncash interest expense on loans   8
Revaluation of warrant liability (6) 17
Change in right-of-use asset 304 259
Changes in operating assets and liabilities:    
Accounts receivable, prepaid expenses and other assets (1,801) 680
Inventories (1,310)  
Insurance recovery 9,000  
Settlement liability (9,000)  
Operating lease liabilities (512) (448)
Accounts payable, accrued expenses and other liabilities (214) (92)
Net cash used in operating activities (37,581) (14,262)
Investing activities:    
Purchases of property and equipment (16)  
Long term deposits (1,164)  
Maturities of marketable securities   3,500
Net cash (used in) provided by investing activities (1,180) 3,500
Financing activities:    
Proceeds from exercise of common stock options 180  
Proceeds from issuance of common stock, net 7,948 96,233
Payment of employee withholding taxes on vested restricted stock units (117) (40)
Finance lease payments (6) (8)
Repayments of loans payable, net   (5,045)
Net cash provided by financing activities 8,005 91,140
Net decrease in cash, cash equivalents and restricted cash (30,756) 80,378
Cash, cash equivalents and restricted cash-beginning of period 110,713 33,614
Cash, cash equivalents and restricted cash-end of period 79,957 113,992
Supplemental disclosure of cash flow information:    
Cash paid for interest   19
Subscription receivable on exercise of options $ 8 $ 135