Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,065) $ (6,407)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 242 142
Stock-based compensation 2,446 1,447
Changes in operating assets - (increase)/decrease:    
Inventory 265 (171)
Prepaid expenses and other current assets (979) (333)
Changes in operating liabilities - increase/(decrease):    
Accounts payable 828 (556)
Accrued and other current liabilities 344 (601)
NET CASH USED IN OPERATING ACTIVITIES: (9,919) (6,479)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for the purchase of property and equipment (952) (123)
Payments for intangibles (150) (14)
NET CASH USED IN INVESTING ACTIVITIES: (1,102) (137)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common shares 52 0
NET CASH PROVIDED BY FINANCING ACTIVITIES: 52 32,046
Net (decrease)/increase in cash, cash equivalents and restricted cash (10,969) 25,430
Cash, cash equivalents and restricted cash, beginning of period 31,757 12,076
Cash, cash equivalents and restricted cash, end of period 20,788 37,506
Non-cash investing and financing activities:    
Additions to property and equipment included in accounts payable 308 0
Additions to intangible assets included in accounts payable 23 0
June 2020 Offering    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common shares $ 0 $ 32,046