v3.24.1.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (6,635) $ (7,074)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,520 709
Amortization of right-of-use assets 315 464
Amortization of intangible assets 62 71
Amortization of debt discount and deferred financing fees 222 219
Provision for (recovery of) bad debt 255 (267)
Provision for inventory write-down 367 581
Change in fair value of derivatives (65) 185
Investment (gains) loss (10) (426)
Share-based compensation 3,919 2,954
Change in operating assets and liabilities:    
Accounts receivable 681 175
Inventory (4,983) (1,525)
Prepaid expenses and other (262) (509)
Accounts payable and accrued expenses (7,291) (2,442)
Operating lease obligations (360) (537)
Cash paid for interest portion of finance leases (1) (1)
Net cash used in operating activities (12,266) (7,423)
Cash flows from investing activities:    
Purchase of property and equipment (924) (4,304)
Purchase of investments (1,910) (10,203)
Proceeds from sale of investments 0 13,974
Cash payments for intangible assets (417) (253)
Net cash used in investing activities (3,251) (786)
Cash flows from financing activities:    
Cash paid for debt portion of finance leases (3) (1)
Proceeds from exercise of stock options and ESPP stock purchases 207 634
Net cash provided by financing activities 204 633
Net decrease in cash, cash equivalents, and restricted cash (15,313) (7,576)
Cash, cash equivalents, and restricted cash, beginning of period 37,026 21,535
Cash, cash equivalents, and restricted cash, end of period 21,713 13,959
Supplemental disclosures of cash flow activity:    
Cash paid for interest, net of capitalized interest 1,656 0
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of fixed assets in accounts payable and accrued expenses 516 1,026
Acquisition of intangible assets in accounts payable and accrued expenses $ 290 $ 326

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