Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.22.2
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (26,765) $ (21,193)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 901 665
Impairment of property and equipment  60 664
Share-based compensation expense 7,854 9,535
Non-cash interest expense 9 7
Inventory write-downs 17
Net accretion of premium on short-term investments 269
Change in:    
Inventory (70) (151)
Other current and non-current assets 1,213 (193)
Accounts payable (1,874) 803
Accrued liabilities 246 146
Contract liabilities and other current liabilities (1,845) (1,225)
Operating lease liabilities (619) (335)
Net cash used in operating activities (20,604) (11,277)
Cash flows from investing activities    
Sales of investment securities 14,500
Purchases of investment securities (38,134)
Purchases of property and equipment (1,128) (1,884)
Net cash used in investing activities (24,762) (1,884)
Cash flows from financing activities    
Principal payments under finance leases (15) (18)
Principal payments under long-term debt (392)
Payments received on subscriptions receivable 6,135
Proceeds from stock option exercises 416 2,510
Net proceeds from issuance of common stock 122,960
Net cash provided by financing activities 9 131,587
Change in cash, cash equivalents, and restricted cash (45,357) 118,426
Cash, cash equivalents, and restricted cash at beginning of period 83,739 17,297
Cash, cash equivalents, and restricted cash at end of period 38,382 135,723
Supplemental schedule of non-cash investing and financing activities    
Non-cash additions to property and equipment $ 255 $ 164