Cash Flow

v3.22.2.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss   $ (18,706) $ (16,783)  
Adjustments to reconcile net loss to net cash used in operating activities:        
Non-cash restructuring and impairment   2,943    
Depreciation and amortization   396 1,250  
Stock-based compensation   365 1,967  
Loss (gain) on sales and disposals of property and equipment   44 (489)  
Gain on sale of discontinued operations $ (3,473)   (3,473)  
Gain on extinguishment of promissory note     (2,023)  
Changes in operating assets and liabilities:        
Accounts receivable   21 93  
Inventories   (14) (262)  
Prepaid expenses and other assets   (826) 9  
Accounts payable   (528) 171  
Accrued expenses   (3,028) (1,875)  
Other liabilities   (210) (265)  
Deferred revenue     (234)  
Net cash used in operating activities   (19,543) (21,914)  
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)  
Net cash provided by investing activities     3,803  
CASH FLOWS FROM FINANCING ACTIVITIES        
Net proceeds from issuance of common stock and warrants   13,614 15,430  
Payments of offering costs related to the issuance of common stock and warrants   (1,168) (370)  
Net proceeds from exercise of warrants   5,704    
Proceeds from issuance of common stock in connection with the employee stock purchase plan   5 26  
Payments on equipment financing     (265)  
Net cash provided by financing activities   18,155 14,821  
NET CHANGE IN CASH AND CASH EQUIVALENTS   (1,388) (3,290)  
CASH AND CASH EQUIVALENTS, beginning of period   15,045 23,906 $ 23,906
CASH AND CASH EQUIVALENTS, end of period $ 20,616 13,657 20,616 $ 15,045
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Unpaid offering costs   1,356    
Net proceeds receivable from sales of common stock   379    
Proceeds receivable from sales of property and equipment   $ 38    
Amounts accrued for purchases of property and equipment     26  
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash payments for income taxes     2  
Cash payments for interest     $ 2  

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