Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.22.2.2
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (39,616) $ (30,575)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 1,425 1,040
Impairment of property and equipment  60 664
Share-based compensation expense 11,935 12,345
Non-cash interest expense (10)
Inventory write-downs 60
Net accretion of premium on short-term investments 290
Gain on extinguishment of debt (692)
Change in:    
Inventory (42) (1,182)
Other current and non-current assets (662) (3,038)
Accounts payable (2,160) 573
Accrued liabilities 418 390
Contract liabilities and other current liabilities (386) (59)
Operating lease liabilities (938) (506)
Other long-term liabilities (195)
Net cash used in operating activities (29,616) (21,245)
Cash flows from investing activities    
Sales of investment securities 34,700
Purchases of investment securities (63,726)
Purchases of property and equipment (2,017) (2,034)
Net cash used in investing activities (31,043) (2,034)
Cash flows from financing activities    
Principal payments under finance leases (20) (25)
Principal payments under long-term debt (392)
Payments received on subscriptions receivable 6,135
Proceeds from stock option exercises 727 2,540
Net proceeds from issuance of common stock 122,902
Net cash provided by financing activities 315 131,552
Change in cash, cash equivalents, and restricted cash (60,344) 108,273
Cash, cash equivalents, and restricted cash at beginning of period 83,739 17,297
Cash, cash equivalents, and restricted cash at end of period 23,395 125,570
Supplemental schedule of non-cash investing and financing activities    
Non-cash additions to property and equipment $ 645 $ 298