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 – OPERATING ACTIVITIES    
Net loss $ (22,431) $ (25,769)
Adjustments required to reconcile cash flows used in operating activities:    
Depreciation and amortization 1,896 1,746
Stock-based compensation 1,162 2,652
Amortization of debt issuance costs 378
Effect of exchange rate changes on cash and cash equivalents and restricted cash (139) 2
Changes in other liabilities (9) (281)
Capital loss, net 6 24
Changes in operating assets and liabilities:    
Other current assets 2,540 2,109
Trade accounts payable (1,044) (549)
Other accounts payable (3,430) 1,760
Net change in operating leases (853) (177)
Net cash used in operating activities (21,924) (18,483)
CASH FLOWS – INVESTING ACTIVITIES    
Investment in short-term deposits (11,500)
Proceeds from short-term deposits 8,000 19,851
Purchases of property and equipment (80) (3,579)
Proceeds from sale of property and equipment 5 4
Net cash provided (used in) by investing activities (3,575) 16,276
CASH FLOWS – FINANCING ACTIVITIES    
Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs 273 5,188
Issuance of Common Stock under SPA, net of issuance costs 13,766
Proceeds from long-term debt, net of issuance costs 14,225
Proceeds on account of shares 19
Exercise of stock options 121
Net cash provided by financing activities 292 33,300
Increase (decrease) in cash and cash equivalents and restricted cash (25,207) 31,093
Effect of exchange rate changes on cash and cash equivalents and restricted cash 139 (2)
Cash and cash equivalents and restricted cash at the beginning of the period 63,095 37,240
Cash and cash equivalents and restricted cash at the end of the period 38,027 68,331
Reconciliation of amounts on consolidated balance sheets    
Cash and cash equivalents 37,067 67,346
Restricted cash 960 985
Total cash and cash equivalents and restricted cash 38,027 68,331
Supplemental disclosures of cash flow information    
Cash paid for interest 1,099 60
Taxes paid 26 16
Property and equipment purchases included in accounts payable and accrued expenses 30 691
Recognition of operating lease right-of-use and liabilities $ 168

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