v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss - before noncontrolling interest (“NCI”) $ (78,666) $ (36,447)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities    
Depreciation and amortization expense 1,731 60
Stock-based compensation 14,583 10,629
In-process R&D charge 133
APA-RDx: Issue common stock of majority-owned subsidiary - settle installment payment 427
Change in fair value - Senior Secured Convertible Note 1,739 (1,682)
Loss upon Issuance - Senior Secured Convertible Note 3,523
Debt extinguishment loss - Senior Secured Convertible Notes and Senior Convertible Note 5,123 3,715
Debt forgiveness (300)
Non-cash lease expense 82
Changes in operating assets and liabilities:    
Accounts receivable 169 (200)
Prepaid expenses and other current and non-current assets (563) (1,918)
Accounts payable (981) 2,911
Accrued expenses and other current liabilities (1,329) (715)
Net cash flows used in operating activities (54,162) (23,814)
Cash flows from investing activities    
Purchase of equipment (1,242) (192)
Payments – Acquisitions, net of cash (3,200) (147)
Net cash flows used in investing activities (4,442) (339)
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, net of offering costs 35,227
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 – majority-owned subsidiary common stock - Committed Equity Facility 1,807
Proceeds – exercise of Series Z warrants 4,115
Proceeds – exercise of stock options 302 953
Proceeds – issue common stock – Employee Stock Purchase Plan 358 436
Proceeds – majority-owned subsidiary common stock – Employee Stock Purchase Plan 109
Proceeds – exercise of stock options issued under equity plan of majority owned subsidiary 694
Purchase Treasury Stock – payment of employee payroll tax obligation in connection with stock-based compensation (366)
Net cash flows provided by financing activities 38,131 44,238
Net increase (decrease) in cash (20,473) 20,085
Cash, beginning of period 77,258 17,256
Cash, end of period $ 56,785 $ 37,341

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