Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (14,410) $ (6,782)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Allowance for doubtful accounts 202 27
Depreciation and amortization 159 334
Share-based compensation 2,078 1,090
Payment-in-kind interest 325 3
Forgiveness of Paycheck Protection Program loan 0 (896)
Amortization of debt issuance costs and original issue discounts 100 890
Amortization of lease right of use assets, net of accretion in lease liabilities 533 216
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (658) (818)
Inventory (1,714) (25)
Prepaid expenses and other current assets (264) 113
Other assets (66) 25
Accounts payable and accrued expenses 1,285 (459)
Accrued interest 0 (960)
Lease liability (432) (128)
Deferred revenue 165 (437)
Net cash flows from operating activities (12,697) (7,807)
Cash flows from investing activities:    
Purchases of property and equipment (168) (41)
Acquisition of licensing rights 0 (441)
Net cash flows from investing activities (168) (482)
Cash flows from financing activities:    
Proceeds from issuance of 2020 senior secured convertible notes, net of financing costs and discount 0 24,258
Proceeds from issuance of Paycheck Protection Program loan 0 896
Proceeds from public offering of common stock, net of offering costs 46,785 0
Proceeds from stock option and warrant exercises 465 376
Proceeds from issuance of common stock under employee stock purchase plan 224 0
Payments for taxes related to net share settlement of equity awards (599) 0
Repayment of notes payable 0 (2,838)
Net cash flows from financing activities 46,875 22,692
Net change in cash and cash equivalents 34,010 14,403
Cash and cash equivalents, beginning of year 20,099 5,696
Cash and cash equivalents, end of year 54,109 20,099
Cash paid for:    
Income taxes 0 0
Interest $ 597 $ 1,578