v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating activities:        
Net loss $ (2,640) $ (4,265) $ (10,996) $ (13,333)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 1,341 716 2,556 1,375
Amortization expense - right-of-use assets - operating and finance leases     2,406 1,309
Stock-based compensation 3,231 2,844 7,069 5,531
Provision (recovery) for credit losses     (307) 0
Equity securities earned from research and development activities from a related party     (245) (477)
Other non-cash items     (27) (318)
Changes in operating assets and liabilities:        
Financial assets     (10,962) (7,521)
Inventories     (558) (113)
Prepaid expenses and other assets     1,811 (170)
Accounts payable     (958) 436
Accrued compensation and other accrued liabilities     81 (404)
Other long-term liabilities     (2,527) (1,314)
Deferred revenue     (710) 264
Net cash used in operating activities     (13,367) (14,735)
Investing activities:        
Purchase of property and equipment     (7,030) (4,344)
Proceeds from sale of property and equipment     28 29
Investment in non-marketable securities     (5,300) (630)
Net cash used in investing activities     (12,302) (4,945)
Financing activities:        
Proceeds from exercises of stock options     432 1,679
Costs incurred in connection with equity financing     (42) 0
Taxes paid related to net share settlement of equity awards     (1,437) (1,206)
Net cash provided by (used in) financing activities     (1,047) 473
Net decrease in cash, cash equivalents and restricted cash     (26,716) (19,207)
Cash, cash equivalents and restricted cash at the beginning of the period     118,895 150,817
Cash, cash equivalents and restricted cash at the end of the period 92,179 131,610 92,179 131,610
Supplemental disclosure of cash flow information:        
Interest paid     12 3
Capital expenditures incurred but not yet paid     409 338
Cash reconciliation:        
Cash and cash equivalents 90,113 129,506 90,113 129,506
Restricted cash, current and non-current 2,066 2,104 2,066 2,104
Total cash, cash equivalents and restricted cash $ 92,179 $ 131,610 $ 92,179 $ 131,610

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