v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net loss $ (4,303) $ (3,959) $ (3,743) $ (2,538) $ (8,262) $ (6,281)  
Adjustments to reconcile net loss to net cash flows from operating activities:              
Allowance for doubtful accounts         (10) 92  
Depreciation and amortization         187 62  
Share-based compensation 880   247   1,779 567  
Payment-in-kind interest         0 189  
Amortization of debt issuance costs and original issue discounts         27 54  
Amortization of lease rights of use, net of accretion in lease liabilities         267 267  
Accretion of discounts on short-term investments         (23) 0  
Increase (decrease) in cash resulting from changes in:              
Accounts receivable         (1,001) (617)  
Inventory, net         (1,786) (304)  
Prepaid expenses and other current assets         (1,010) (760)  
Other assets         30 (93)  
Accounts payable and accrued expenses         679 1,312  
Lease liabilities         (261) (195)  
Deferred revenue         134 (142)  
Net cash flows from operating activities         (9,250) (5,849) $ (12,700)
Cash flows from investing activities:              
Purchases of property and equipment         (145) (5)  
Acquisition of licensing rights         (116) 0  
Purchase of short-term investments         21,590 0  
Net cash flows from investing activities         (21,851) (5)  
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         256 494  
Proceeds from issuance of common stock under employee stock purchase plan         260 0  
Net cash flows from financing activities         516 47,279  
Net change in cash and cash equivalents         (30,585) 41,425  
Cash and cash equivalents, beginning of period   $ 54,109   $ 20,099 54,109 20,099 20,099
Cash and cash equivalents, end of period $ 23,524   $ 61,524   23,524 61,524 $ 54,109
Cash paid for:              
Income taxes         0 0  
Interest         $ 207 $ 353  

Source