Quarterly report [Sections 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, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (16,829) $ (14,939)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 493 1,210
Amortization of debt discount 65 302
Change in fair value of warrant liabilities (7,005)
Loss on extinguishment of debt 2,092
Stock-based compensation 882 1,692
Changes in operating assets and liabilities:    
Accounts receivable, net 371
Prepaid expenses and other (617) (1,355)
Inventory 272 1,288
Accounts payable (353) 2,976
Operating lease liabilities and ROU asset, net (5) 2
Accrued expenses and other current liabilities (2,950) (1,746)
Net cash used in operating activities (16,579) (17,575)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (6) (108)
Net cash used in investing activities (6) (108)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of term loan (9,650) (235)
Repurchase of common stock (3,047)
Proceeds from ESPP 23
Proceeds, net of expenses of $2,270 and $0, from sale of common stock 62,230
Net cash provided by (used in) financing activities 49,533 (212)
Effect of currency rate change on cash (9) (4)
Net increase (decrease) in cash, cash equivalents and restricted cash 32,939 (17,899)
Cash, cash equivalents and restricted cash beginning of the period 99,680 25,850
Cash, cash equivalents and restricted cash end of period 132,619 7,951
Supplemental disclosures of cash flow information:    
Interest paid $ 117