v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net loss $ (3,788) $ (3,959) $ (3,980) $ (2,538) $ (12,050) $ (10,261)  
Adjustments to reconcile net loss to net cash flows from operating activities:              
Allowance for doubtful accounts         (92) 170  
Depreciation and amortization         224 113  
Share-based compensation 1,175   586   2,954 1,153  
Payment-in-kind interest         0 285  
Amortization of debt issuance costs and original issue discounts         41 73  
Amortization of lease rights of use, net of accretion in lease liabilities         400 400  
Accretion of discounts on short-term investments         (159) 0  
Increase (decrease) in cash resulting from changes in:              
Accounts receivable         (982) (848)  
Inventory, net         (3,318) (682)  
Prepaid expenses and other current assets         (1,150) (599)  
Other assets         31 (28)  
Accounts payable and accrued expenses         1,255 1,418  
Lease liabilities         (400) (312)  
Deferred revenue         144 (27)  
Net cash flows from operating activities         (13,102) (9,145) $ (12,700)
Cash flows from investing activities:              
Purchases of property and equipment         (214) (130)  
Acquisition of licensing rights         (678) 0  
Purchase of short-term investments         (21,590) 0  
Net cash flows from investing activities         (22,482) (130)  
Cash flows from financing activities:              
Proceeds from public offering of common stock, net of offering costs         0 46,785  
Proceeds from stock option and warrant exercises         263 584  
Proceeds from issuance of common stock under employee stock purchase plan         260 0  
Payments for taxes related to net share settlement of equity awards         (336) (542)  
Net cash flows from financing activities         187 46,827  
Net change in cash and cash equivalents         (35,397) 37,552  
Cash and cash equivalents, beginning of period   $ 54,109   $ 20,099 54,109 20,099 20,099
Cash and cash equivalents, end of period $ 18,712   $ 57,651   18,712 57,651 $ 54,109
Cash paid for:              
Income taxes         0 0  
Interest         $ 351 $ 495  

Source