Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.22.1
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (13,168) $ (6,231)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 483 299
Impairment of property and equipment  60
Share-based compensation expense 3,734 1,638
Non-cash interest expense 3
Net accretion of premium on short-term investments 160
Change in:    
Inventory (35)
Other current and non-current assets 389 126
Accounts payable (1,292) 64
Accrued liabilities 118 215
Contract liabilities and other current liabilities (1,057) (479)
Operating lease liabilities (299) (166)
Net cash used in operating activities (10,907) (4,531)
Cash flows from investing activities    
Sales of investment securities 1,500
Purchases of investment securities (16,696)
Purchases of property and equipment (884) (565)
Net cash used in investing activities (16,080) (565)
Cash flows from financing activities    
Principal payments under finance leases (8) (8)
Principal payments under long-term debt (294)
Payments received on subscriptions receivable 6,135
Proceeds from stock option exercises 253 2,080
Net proceeds from issuance of common stock 55,365
Net cash (used in) provided by financing activities (49) 63,572
Change in cash, cash equivalents, and restricted cash (27,036) 58,476
Cash, cash equivalents, and restricted cash at beginning of period 83,739 17,297
Cash, cash equivalents, and restricted cash at end of period 56,703 75,773
Supplemental schedule of non-cash investing and financing activities    
Non-cash additions to property and equipment $ 177 $ 85