v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Operating activities:      
Net loss $ (8,356) $ (9,068)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 1,215 659  
Amortization expense - right-of-use assets - operating and finance leases 1,200 649  
Stock-based compensation 3,838 2,687  
Equity securities earned from research and development activities from a related party (245) (132)  
Other non-cash items (7) (84)  
Changes in operating assets and liabilities:      
Financial assets, net (6,463) 1,103  
Inventories (400) (65)  
Prepaid expenses and other assets 1,397 70  
Accounts payable (1,029) 400  
Accrued compensation and other accrued liabilities (121) (1,731)  
Other long-term liabilities (1,192) (617)  
Deferred revenue (1,023) (311)  
Net cash used in operating activities (11,186) (6,440)  
Investing activities:      
Purchase of property and equipment (5,089) (2,550)  
Proceeds from sale of property and equipment 7 17  
Investment in non-marketable securities (5,000) 0  
Net cash used in investing activities (10,082) (2,533)  
Financing activities:      
Proceeds from exercises of stock options 181 1,223  
Costs incurred in connection with equity financing (42) 0  
Taxes paid related to net share settlement of equity awards (1,419) (1,206)  
Net cash provided by (used in) financing activities (1,280) 17  
Net decrease in cash, cash equivalents and restricted cash (22,548) (8,956)  
Cash, cash equivalents and restricted cash at the beginning of the period 118,895 150,817 $ 150,817
Cash, cash equivalents and restricted cash at the end of the period 96,347 141,861 118,895
Supplemental disclosure of cash flow information:      
Interest paid 5 3  
Supplemental non-cash investing and financing activities:      
Capital expenditures incurred but not yet paid 789 579  
Cash reconciliation:      
Cash and cash equivalents 94,260 139,748 116,797
Restricted cash, current and non-current 2,087 2,113  
Total cash, cash equivalents and restricted cash $ 96,347 $ 141,861 $ 118,895

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