v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (4,037,000) $ 1,708,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 182,000 141,000
Stock-based compensation expense 312,000 174,000
Non-cash lease expense 131,000 845,000
Non-cash debt forgiveness 0 (2,000,000)
Change in fair value of warrant liabilities (762,000) 0
Change in operating assets and liabilities:    
Accounts receivable (134,000) (708,000)
Inventory 24,000 50,000
Prepaid expenses and other assets (2,567,000) (558,000)
Accounts payable (193,000) (35,000)
Accrued expenses and other liabilities 851,000 353,000
Lease liabilities (154,000) (874,000)
Deferred revenue (406,000) (36,000)
Net cash used in operating activities (6,753,000) (940,000)
Cash flows from investing activities:    
Purchases of property and equipment (8,258,000) (136,000)
Net cash used in investing activities (8,258,000) (136,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock 99,000 16,000
Repayments of loans payable 0 (460,000)
Net cash provided by (used in) financing activities 99,000 (444,000)
Net change in cash and cash equivalents and restricted cash (14,912,000) (1,520,000)
Effect of change in foreign currency exchange rates on cash and cash equivalents and restricted cash (74,000) (12,000)
Cash and cash equivalents and restricted cash at beginning of period 79,819,000 8,709,000
Cash and cash equivalents and restricted cash at end of period 64,833,000 7,177,000
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest $ 0 $ 33,000

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