v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (5,441) $ (2,199)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 389 348
Loss on disposal of property and equipment 0 11
Amortization of intangible assets 2,248 475
Amortization of premium on investments, net 0 49
Stock-based compensation 3,004 1,956
Change in fair value of contingent consideration 1,660 0
Deferred tax liability (2,285) (8)
Changes in operating assets and liabilities:    
Trade accounts receivable (4,442) 3,474
Inventory (3,859) 116
Prepaid expenses and other current assets (104) 120
Other assets (31) 0
Accounts payable 2,217 (756)
Accrued compensation (1,041) (433)
Accrued liabilities and other 568 564
Lease liabilities (12) 0
Net cash provided by (used in) operating activities (6,921) 3,477
Cash flows from investing activities:    
Cash paid for acquisition, net of cash acquired (14,185) 0
Purchases of available-for-sale securities 0 (753)
Maturities of available-for-sale securities 0 20,199
Purchases of property and equipment (542) (560)
Net cash provided by (used in) investing activities (14,727) 18,886
Cash flows from financing activities:    
Repurchases of common stock (97) (608)
Proceeds from issuance of common stock, net 2,526 1,018
Net cash provided by financing activities 2,429 410
Net increase (decrease) in cash, cash equivalents and restricted cash (19,219) 22,773
Cash, cash equivalents, and restricted cash; beginning of period 38,348 13,197
Cash, cash equivalents, and restricted cash; end of period 19,129 35,970
Supplemental disclosure of cash flow information:    
Taxes paid 89 137
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets recorded upon adoption of ASC 842 3,199 0
Leased liabilities recorded upon adoption of ASC 842 3,519 0
Accrual of property and equipment 21 0
Cash and cash equivalents 18,954 35,795
Restricted cash included in other assets 175 175
Total cash, cash equivalents, and restricted cash $ 19,129 $ 35,970

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