v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net loss $ (20,988) $ (11,089)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 3,961 2,143
Amortization expense - right-of-use assets - operating and finance leases 3,618 1,980
Stock-based compensation 11,600 8,547
Provision (recovery) for credit losses (307) 0
Equity securities earned from research and development activities from a related party (1,245) (675)
Unrealized gain on non-marketable securities (208) (1,033)
Other non-cash items (29) (19)
Changes in operating assets and liabilities:    
Financial assets 8,184 (19,633)
Inventories (463) (120)
Prepaid expenses and other assets 429 (1,195)
Accounts payable (351) 575
Accrued compensation and other accrued liabilities 2,279 7,036
Other long-term liabilities (3,863) (2,324)
Deferred revenue 3,750 880
Net cash provided by (used in) operating activities 6,367 (14,927)
Investing activities:    
Purchase of property and equipment (8,340) (8,348)
Proceeds from sale of property and equipment 29 36
Investment in non-marketable securities (5,300) (7,630)
Net cash used in investing activities (13,611) (15,942)
Financing activities:    
Proceeds from exercises of stock options 612 2,700
Costs incurred in connection with equity financing (42) (153)
Taxes paid related to net share settlement of equity awards (1,484) (1,206)
Net cash provided by (used in) financing activities (914) 1,341
Net decrease in cash, cash equivalents and restricted cash (8,158) (29,528)
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 110,737 121,289
Supplemental disclosure of cash flow information:    
Interest paid 22 6
Income taxes paid 100 101
Supplemental non-cash investing and financing activities:    
Capital expenditures incurred but not yet paid 128 2,012
Cash reconciliation:    
Cash and cash equivalents 108,689 119,189
Restricted cash, current and non-current 2,048 2,100
Total cash, cash equivalents and restricted cash $ 110,737 $ 121,289

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