Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (7,403) $ (4,037)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 442 182
Loss on disposal of assets 72 0
Stock-based compensation expense 805 312
Non-cash lease expense 252 131
Deferred income taxes 18 0
Net change in interest receivable on short-term investments 37 0
Change in fair value of warrant liabilities 0 (762)
Change in operating assets and liabilities:    
Accounts receivable (643) (134)
Inventory (94) 24
Prepaid expenses and other assets (473) (2,567)
Accounts payable (698) (193)
Accrued expenses and other liabilities 334 851
Operating lease liabilities (243) (154)
Deferred revenue 89 (406)
Net cash used in operating activities (7,505) (6,753)
Cash flows from investing activities:    
Purchases of property and equipment (1,032) (8,258)
Purchase of short-term investments (9,769) 0
Net cash used in investing activities (10,801) (8,258)
Cash flows from financing activities:    
Proceeds received from other finance obligations 493 0
Principal payments on finance leases (8) 0
Payments on other finance obligations (5) 0
Proceeds from issuance of common stock 0 99
Net cash provided by financing activities 480 99
Net change in cash and cash equivalents and restricted cash (17,826) (14,912)
Effect of change in foreign currency exchange rates on cash and cash equivalents and restricted cash 14 (74)
Cash and cash equivalents and restricted cash at beginning of period 30,769 79,819
Cash and cash equivalents and restricted cash at end of period 12,957 64,833
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 21 0
Purchase of property and equipment included in accounts payable $ 79 $ 0