Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (32,241) $ (70,743)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 3,207 4,942
Non-cash interest expense 458 76
Gain on extinguishment of debt (1,553)
Depreciation expense 149 211
Amortization 1,288 859
Change in warrant valuation (41) 14,045
Change in contingent consideration valuation 5,722 31,679
Changes in operating assets and liabilities:    
Inventory (580) (753)
Prepaid expenses and other current assets 1,529 461
Accounts receivable (168) (382)
Accounts payable, accrued expenses and other Current liabilities (1,826) 1,984
Net cash used in operating activities (24,056) (17,621)
Cash flows from investing activities:    
Purchase of property and equipment (76)
Purchase of short-term investments (12,147)
Net cash used in investing activities (12,223)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, net of transaction costs 10,231
Proceeds from equity facility, net of transaction costs 3,612
Proceeds from public offering, net of transaction costs 23,085
Proceeds from registered direct offerings, net of transaction costs 27,109
Proceeds from warrant exercises 12,155 2,458
Payment of contingent consideration (7,869)
Payments of withholdings on shares withheld for income taxes (46) (95)
Net cash provided by financing activities 31,349 39,291
Net (decrease) increase in cash and cash equivalents (4,930) 21,670
Cash and cash equivalents, beginning of period 30,342 17,740
Cash and cash equivalents, end of period 25,412 39,410
Supplemental disclosure of cash flow information:    
Fair value of warrants issued in connection with public offering 8,111
Fair value of warrants issued in connection with financing facility 1,423
Deferred financing costs included in accounts payable and accrued expenses 189
Offering costs included in accounts payable and accrued expenses $ 7