v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss - before noncontrolling interest (“NCI”) $ (48,734) $ (22,779)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities    
Depreciation and amortization expense 1,031 28
Stock-based compensation 9,820 6,639
In-process R&D charge 133
APA-RDx: Issue common stock of majority-owned subsidiary - settle installment payment 239
Change in fair value - Senior Secured Convertible Note 2,000 (1,682)
Loss upon Issuance - Senior Secured Convertible Note 2,500
Debt extinguishment loss - Senior Secured Convertible Notes and Senior Convertible Note 3,715
Debt forgiveness (300)
Non-cash lease expense 57
Changes in operating assets and liabilities:    
Accounts receivable 200
Prepaid expenses and other current and non-current assets (1,665) (1,441)
Accounts payable 1,057 650
Accrued expenses and other current liabilities (1,326) (759)
Net cash flows used in operating activities (34,821) (15,796)
Cash flows from investing activities    
Purchase of equipment (926) (157)
Payments - Acquisitions, net of cash (2,200) (47)
Net cash flows used in investing activities (3,126) (204)
Cash flows from financing activities    
Proceeds – issue of common stock – registered offerings 55,016
Payment – offering costs – registered offerings (1,312)
Proceeds – issue of Senior Secured Convertible Note 25,000
Payment – repayment of Senior Convertible Note and Senior Secured Convertible Note (14,816)
Payment – Senior Convertible Note and Senior Secured Convertible Note – non-installment payments (154)
Proceeds – exercise of Series Z warrants 2,785
Proceeds – exercise of stock options 303 131
Proceeds – issue common stock – Employee Stock Purchase Plan 217 304
Proceeds – exercise of stock options issued under equity plan of majority owned subsidiary 688
Purchase Treasury Stock – payment of employee payroll tax obligation in connection with stock-based compensation (366)
Net cash flows provided by financing activities 25,842 41,954
Net increase (decrease) in cash (12,105) 25,954
Cash, beginning of period 77,258 17,256
Cash, end of period $ 65,153 $ 43,210

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