Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Statements of Cash Flows (Unaudited)
$ in Thousands
9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (16,783) $ (25,601)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on sale of discontinued operations (3,473)  
Gain on extinguishment of PPP promissory note (2,023)  
Stock-based compensation 1,967 3,044
Depreciation and amortization 1,250 1,845
(Gain) loss on sales and disposals of property and equipment (489) 64
Provision for doubtful accounts   25
Changes in operating assets and liabilities:    
Accounts receivable 93 286
Inventories (262) 78
Prepaid expenses and other assets 9 1,437
Accounts payable 171 (633)
Accrued expenses (1,875) 1,678
Deferred revenue (234) (876)
Other liabilities (265) (237)
Net cash used in operating activities (21,914) (18,890)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of discontinued operations 3,700  
Payment of fees related to sale of discontinued operations (227)  
Proceeds from sales of property and equipment 554  
Purchases of property and equipment (224) (72)
Proceeds from maturities of available-for-sale securities   16,000
Net cash provided by investing activities 3,803 15,928
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock and warrants, net 15,430 19,887
Payments of offering costs related to the issuance of common stock and warrants (370) (499)
Payments on equipment financing (265) (218)
Proceeds from purchases under employee stock purchase plan 26 27
Proceeds from PPP promissory note   2,000
Proceeds from issuance of common stock in connection with the exercise of warrants   827
Net cash provided by financing activities 14,821 22,024
NET CHANGE IN CASH AND CASH EQUIVALENTS (3,290) 19,062
CASH AND CASH EQUIVALENTS, beginning of period 23,906 14,584
CASH AND CASH EQUIVALENTS, end of period 20,616 33,646
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unpaid property and equipment 26  
Unpaid offering costs   281
Transfer of lasers from inventories to property and equipment   107
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest 2 $ 23
Cash payments for taxes $ 2