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
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (107,928) $ (89,336)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,925 3,030
Asset impairment charges 58,957
Gain on disposal of property and equipment (196)
Change in fair value of warrant liabilities (6,150)
Inventory write-off 2,018
Amortization of debt discount 640
Stock-based compensation 3,884 7,237
Changes in operating assets and liabilities:    
Accounts receivable (4,982) (1,562)
Inventory 3,691
Prepaid expenses and other 670 3,334
Accounts payable 346 446
Lease liabilities and ROU asset, net (8) 24
Accrued expenses and other current liabilities (358) (2,640)
Net cash used in operating activities (46,295) (79,663)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of a business (22,174)
Disposal of property and equipment 992
Purchase of property and equipment (117) (7,457)
Net cash used in investing activities (117) (28,639)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Deferred payment related to purchase a business (3,000)
Repurchase of common stock (13,965)
Proceeds from ESPP 27 29
Payment of term loan (1,645)
Proceeds, net of $3,942 and $863 expenses, from sale of common stock and warrants 54,336 9,739
Net cash provided by (used in) financing activities 49,718 (4,197)
Effect of currency rate change on cash (20) (55)
Net increase (decrease) in cash, cash equivalents and restricted cash 3,286 (112,554)
Cash, cash equivalents and restricted cash beginning of the period 25,850 120,470
Cash, cash equivalents and restricted cash end of period 29,136 7,916
Supplemental disclosures of cash flow information:    
Interest expense paid 954
Non-cash financing and investing activities:    
At-the-market agreement receivable 1,680
Purchases of property and equipment included in accounts payable and accrued liabilities $ 275