Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (49,545) $ (49,203)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,172 4,132
Non-cash interest expense 652 673
Depreciation expense 125 195
Amortization 1,932 1,932
Non-cash loss on retirement of fixed assets 8 0
Gain on extinguishment of debt 0 (1,553)
Change in warrant valuation (7) (47)
Change in contingent consideration valuation (1,254) 9,551
Loss on impairment of property and equipment 3,662 0
Loss on impairment of intangible asset 17,746 0
Write off of inventory 843 202
Changes in operating assets and liabilities:    
Inventory (318) (1,534)
Prepaid expenses and other assets 1,330 1,474
Accounts receivable 229 (371)
Accounts payable, accrued expenses and other liabilities (585) (2,075)
Net cash used in operating activities (24,010) (36,624)
Cash flows from investing activities:    
Purchase of property and equipment (20) (76)
Purchase of short-term investments 0 (19,641)
Proceeds from maturity of short-term investments 0 9,500
Net cash used in investing activities (20) (10,217)
Cash flows from financing activities:    
Proceeds from public offering, net of transaction costs 14,270 0
Proceeds from registered direct offerings, net of transaction costs 1,762 27,059
Payments on long-term debt (1,112) 0
Proceeds from warrant exercises 69 12,155
Payment of contingent consideration (1,200) (7,869)
Payments of withholdings on shares withheld for income taxes (3) (74)
Net cash provided by financing activities 13,786 31,271
Net decrease in cash and cash equivalents (10,244) (15,570)
Cash and cash equivalents, beginning of period 15,891 30,342
Cash and cash equivalents, end of period 5,647 14,772
Supplemental disclosure of cash flow information:    
Right-of-use assets acquired 0 575
Offering costs included in accounts payable and accrued expenses $ 493 $ 0