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, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (15,895) $ (14,669)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 388 147
Stock-based compensation 6,714 11,528
Changes in operating assets and liabilities:    
Accounts receivable (829) 269
Inventories (1,699) (1,134)
Prepaid expenses and other assets (122) (20)
Accounts payable 695 323
Accrued expenses 636 (143)
Deferred revenue 30 (319)
Other liabilities (27)  
Net cash used in operating activities (10,109) (4,018)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (424) (275)
Net cash used in investing activities (424) (275)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 7,901 1,377
Payments on equipment financing (33) (33)
Initial public offering costs (657)  
Net cash provided by financing activities 7,211 1,344
NET CHANGE IN CASH AND CASH EQUIVALENTS (3,322) (2,949)
CASH AND CASH EQUIVALENTS, beginning of period 8,237 3,921
CASH AND CASH EQUIVALENTS, end of period 4,915 972
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 2,899  
Transfer from inventories to property and equipment for demonstration lasers and lasers placed with customers 1,614 239
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest $ 1 $ 1