Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (2,547) $ (10,414)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 5,027 4,831
Amortization of right-of-use assets 294 889
Amortization of intangible assets 221 202
Amortization of debt discount and deferred financing fees 666 669
Provision for bad debts 358 604
Change in fair value of debt derivative liabilities (531) (542)
Investment gains (238) (95)
Stock-based compensation 13,501 12,830
Change in operating assets and liabilities:    
Accounts receivable (7,028) (85)
Inventory (7,398) (6,343)
Prepaid expenses and other assets (619) 1,189
Accounts payable and accrued expenses (2,985) (7,125)
Operating lease obligations (833) (1,303)
Cash paid for interest portion of financing lease obligations (3) (2)
Other long-term liabilities (111) 495
Net cash used in operating activities (2,226) (4,200)
Cash flows from investing activities:    
Purchase of property and equipment (2,498) (2,431)
Purchase of investments (13,723) (5,773)
Proceeds from sale of investments 8,000 0
Cash payments for intangible assets (1,138) (1,280)
Net cash used in investing activities (9,359) (9,484)
Cash flows from financing activities:    
Cash paid for debt portion of financing lease obligations (11) (6)
Proceeds from exercise of stock options and ESPP stock purchases 5,944 1,326
Net cash provided by financing activities 5,933 1,320
Net decrease in cash and cash equivalents, and restricted cash (5,652) (12,364)
Cash and cash equivalents, and restricted cash, beginning of period 33,554 37,026
Cash and cash equivalents, and restricted cash, end of period 27,902 24,662
Supplemental disclosures of cash flow activity:    
Cash paid for interest 5,089 5,736
Supplemental disclosure of noncash investing and financing activities:    
Acquisition of property and equipment change in accounts payable and accrued expenses 236 114
Acquisition of intangible assets change in accounts payable and accrued expenses $ (63) $ 14