Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net loss $ (3,547) $ (3,391)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on lease modification 0 (3,139)
Stock-based compensation expense 969 3,113
Depreciation and amortization 378 2,201
Changes in fair value of derivative liabilities (144) (198)
Non-cash interest expense 139 961
Inventory write-down (107) (505)
Changes in operating assets and liabilities:    
Inventory (536) (2,170)
Prepaids and other assets (61) (14)
Accounts payable (816) 125
Accrued expenses (2,733) (4,082)
Deferred revenue (520) (585)
Operating lease right-of-use assets and liabilities 188 (4,872)
Other liabilities (82) 176
Net cash used in operating activities (6,872) (12,380)
Cash Flows from Investing Activities    
Cash paid for acquisitions (2,848) 0
Purchase of property and equipment (541) (518)
Net cash used in investing activities (3,389) (518)
Cash Flows from Financing Activities    
Payment of preferred stock issuance costs (15) 0
Payments related to stock-based award activities, net (521) (381)
Net cash used in financing activities (536) (381)
Net decrease in cash, cash equivalents and restricted cash (10,797) (13,279)
Cash, cash equivalents and restricted cash at beginning of period 24,304 94,863
Cash, cash equivalents and restricted cash at end of period 13,507 81,584
Supplemental Disclosure    
Cash paid for taxes 25 10
Cash paid for interest 222 3,192
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Purchase of property and equipment in accounts payable and accrued liabilities 0 24
Debt issuance costs in accounts payable and accrued liabilities 45 0
Costs of debt extinguishment in accrued liabilities 78 0
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 9,605 77,757
Restricted cash, current 2,900 3,325
Restricted cash, noncurrent 1,002 502
Total cash, cash equivalents and restricted cash $ 13,507 $ 81,584