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
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (93,715) $ (61,361)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,415 1,814
Asset impairment charges 58,957
Change in fair value of warrant liabilities (6,150)
Inventory write-off 1,738
Amortization of debt discount 431
Stock-based compensation 2,846 5,158
Changes in operating assets and liabilities:    
Accounts receivable (3,339)
Inventory 2,444
Prepaid expenses and other 1,011 268
Accounts payable 6,703 (571)
Lease liabilities and ROU asset, net (2) 7
Accrued expenses and other current liabilities (833) (1,593)
Net cash used in operating activities (27,494) (56,278)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of a business (22,174)
Purchase of property and equipment (108) (5,644)
Net cash used in investing activities (108) (27,818)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Deferred payment related to purchase a business (3,000)
Repurchase of common stock (13,965)
Proceeds from ESPP 23 29
Payment of term loan (940)
Proceeds, net of $1,704 and $137 expenses, from sale of common stock and warrants 10,730 3,465
Net cash provided by (used in) financing activities 6,813 (10,471)
Effect of currency rate change on cash (3) (43)
Net decrease in cash, cash equivalents and restricted cash (20,792) (94,610)
Cash, cash equivalents and restricted cash beginning of the period 25,850 120,470
Cash, cash equivalents and restricted cash end of period 5,058 25,860
Supplemental disclosures of cash flow information:    
Interest expense paid 653
Non-cash financing and investing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities $ 106 $ 1,164