v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Jun. 30, 2021
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities            
Net loss       $ (9,068) $ (5,069)  
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:            
Depreciation and amortization expense $ 200 $ 100   520 396  
Amortization of debt issuance costs       118 197  
Stock-based compensation       991 174  
Change in fair value of warrant liabilities (248) 0   644 229  
Forgiveness of employee loans       3,492    
Interest income from employee promissory notes       (38)    
Gain on debt forgiveness - Paycheck Protection Program note payable       (1,364)    
Change in operating assets and liabilities:            
Accounts receivable       114 (347)  
Inventory       (8,362) (1,304)  
Prepaid expenses and other current assets       (1,662) 431  
Other assets       (1,845)    
Accounts payable       57 680  
Accrued liabilities       377 1,732  
Contract liabilities       2,304 4,609  
Deferred rent       (84) (61)  
Other liabilities       10 235  
Net cash (used in) provided by operating activities       (13,796) 1,902  
Cash flows from investing activities            
Cash paid for asset acquisition       (8,758)    
Purchase of property and equipment       (483) (283)  
Loans for employee advances       (6) (8)  
Net cash used in investing activities       (9,247) (291)  
Cash flows from financing activities            
Proceeds from Paycheck Protection Program note payable       0 1,364  
Borrowings (payments) on line of credit, net       5,500 (6,000)  
Repayments of long-term debt       (1,250) (1,250)  
Proceeds from issuance of preferred stock and warrants, net of issuance costs       13,298 4,865  
Proceeds from exercise of employee stock options       99    
Net cash provided by (used in) financing activities       17,647 (1,021)  
Net (decrease) increase in cash       (5,396) 590  
Cash at beginning of period     $ 7,008 7,008 6,418 $ 6,418
Cash at end of period 1,612 $ 7,008   1,612 7,008 $ 7,008
Supplemental disclosure of cash flow information:            
Interest paid       208 525  
Taxes paid       51 $ 23  
Noncash investing and financing activities            
Deferred offering costs in accounts payable and accrued liabilities       1,308    
Employee promissory notes issued for the exercise of stock options     (3,453) 3,453    
Forgiveness of employee promissory notes issued for stock option exercises       (3,453)    
Vesting of early exercised stock options $ (27)   $ 5 199    
Forgiveness of Paycheck Protection Program note payable       (1,364)    
Issued shares of redeemable convertible preferred stock in connection with acquisitions       $ 1,000    

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