Cash Flow

v3.19.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (47,214) $ (15,895)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,046 388
Operating lease right-of-use-assets amortization 245  
Provision for doubtful accounts 266  
Stock-based compensation 22,154 6,714
Changes in operating assets and liabilities:    
Accounts receivable (242) (829)
Inventories (1,774) (1,699)
Prepaid expenses and other assets 438 (122)
Accounts payable (121) 695
Accrued expenses 1,577 636
Deferred revenue 234 30
Other liabilities (210) (27)
Net cash used in operating activities (23,601) (10,109)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale securities (36,461)  
Proceeds from maturities of available-for-sale securities 10,697  
Purchases of property and equipment (220) (424)
Net cash used in investing activities (25,984) (424)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 37 7,901
Payments on equipment financing (255) (33)
Initial public offering costs   (657)
Net cash (used in) provided by financing activities (218) 7,211
NET CHANGE IN CASH AND CASH EQUIVALENTS (49,803) (3,322)
CASH AND CASH EQUIVALENTS, beginning of period 64,315 8,237
CASH AND CASH EQUIVALENTS, end of period 14,512 4,915
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
Unpaid property and equipment included in equipment financing 156  
Transfer from inventories to property and equipment for demonstration lasers and lasers placed with customers 1,299 1,614
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest 39 $ 1
Cash payments for taxes $ 24  

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