Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (29,796) $ (11,088)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 669 231
Operating lease right-of-use-assets amortization 162  
Provision for doubtful accounts 266 88
Stock-based compensation 14,877 5,204
Changes in operating assets and liabilities:    
Accounts receivable (400) (332)
Inventories (1,542) (1,140)
Prepaid expenses and other assets 313 (165)
Accounts payable 390 760
Accrued expenses (735) 495
Deferred revenue 187 18
Other liabilities (138) (37)
Net cash used in operating activities (15,747) (5,966)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale securities (36,461)  
Purchases of property and equipment (196) (251)
Net cash used in investing activities (36,657) (251)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 37 7,901
Payments on equipment financing (161) (21)
Initial public offering costs   (131)
Net cash (used in) provided by financing activities (124) 7,749
NET CHANGE IN CASH AND CASH EQUIVALENTS (52,528) 1,532
CASH AND CASH EQUIVALENTS, beginning of period 64,315 8,237
CASH AND CASH EQUIVALENTS, end of period 11,787 9,769
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Settlement of stock-based compensation liability   18,243
Forfeitures of liability-classified awards   1,313
Deferred initial public offering costs in accounts payable and accrued expenses   2,104
Unpaid property and equipment included in equipment financing 175  
Transfer from inventories to property and equipment for demonstration lasers and lasers placed with customers 1,295 1,078
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest 26 $ 1
Cash payments for taxes $ 8