Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (14,939) $ (33,005)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,210 893
Amortization of debt discount 302
Change in fair value of warrant liabilities (7,005)
Stock-based compensation 1,692 2,794
Changes in operating assets and liabilities:    
Prepaid expenses and other (1,355) (1,206)
Inventory 1,288
Accounts payable 2,976 575
Operating lease liabilities and ROU asset, net 2 (5)
Accrued expenses and other current liabilities (1,746) (2,957)
Net cash used in operating activities (17,575) (32,911)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (108) (3,799)
Net cash used in investing activities (108) (3,799)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of term loan (235)
Repurchase of common stock (13,965)
Proceeds from ESPP 23 29
Proceeds, net of expenses of $0 and $101, from sale of common stock and warrants 2,436
Net cash used in financing activities (212) (11,500)
Effect of currency rate change on cash (4) (43)
Net decrease in cash, cash equivalents and restricted cash (17,899) (48,253)
Cash, cash equivalents and restricted cash beginning of the period 25,850 120,470
Cash, cash equivalents and restricted cash end of period 7,951 72,217
Non-cash financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities $ 363