| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-38,292 | -21,375 | -25,274 | -26,875 | -23,222 | ||
Adjustments to reconcile net loss to cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
4,145 | 3,871 | 3,544 | 3,185 | 2,808 | ||
Stock-based compensation expense | ||||||
3,410 | 2,795 | 2,519 | 1,288 | 1,109 | ||
Reduction of operating lease right-of-use assets | ||||||
4,121 | - | - | - | - | ||
Bad debt expense | ||||||
455 | 163 | 527 | 360 | 321 | ||
Compensation expense related to stock sales by current and former employees | ||||||
- | 0 | 0 | 0 | 819 | ||
Change in fair value of convertible preferred stock warrant liability | ||||||
- | 0 | 0 | 1,820 | 280 | ||
Accretion of unconditional endowment grant liability | ||||||
23 | 24 | 26 | 18 | 26 | ||
Accretion of debt discounts | ||||||
- | 0 | 2 | 2 | 7 | ||
Amortization of premiums (discounts) on short-term investments | ||||||
207 | - | - | - | -40 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-4,235 | -993 | -55 | -1,423 | 4,050 | ||
Inventory, net | ||||||
1,317 | 9,753 | 1,182 | 2,136 | 173 | ||
Prepaid expenses and other current assets | ||||||
-2,356 | 733 | 2,508 | -1,521 | 2,388 | ||
Other assets | ||||||
365 | 1,162 | 275 | -522 | 111 | ||
Operating lease liability | ||||||
2,721 | - | - | - | - | ||
Accounts payable | ||||||
-2,206 | 4,616 | 1,237 | -640 | 797 | ||
Accrued consignor payable | ||||||
-19,331 | 12,950 | 6,466 | -3,147 | 1,292 | ||
Other accrued and current liabilities | ||||||
-8,865 | 10,192 | 2,238 | -1,269 | -475 | ||
Other noncurrent liabilities | ||||||
-412 | 1,406 | 684 | 323 | 349 | ||
Net cash used in operating activities | ||||||
-54,971 | 3,629 | -11,945 | -23,603 | -22,571 | ||
Cash flow from investing activities: | ||||||
Purchases of short-term investments | ||||||
73,280 | - | - | - | - | ||
Proceeds from maturities of short-term investments | ||||||
114,020 | 5,283 | 11,100 | 10,025 | 12,873 | ||
Capitalized proprietary software development costs | ||||||
1,480 | 2,597 | 2,783 | 2,201 | 1,686 | ||
Purchases of property and equipment | ||||||
6,486 | 8,650 | 6,069 | 6,299 | 3,743 | ||
Net cash provided by investing activities | ||||||
32,774 | -214,404 | -770 | -7,626 | 7,444 | ||
Cash flow from financing activities: | ||||||
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs | ||||||
- | 0 | 0 | -80 | 43,572 | ||
Proceeds from issuance of convertible preferred stock, net of issuance costs | ||||||
- | 0 | 0 | 4 | 26,279 | ||
Proceeds from exercise of stock options and common stock warrants | ||||||
2,564 | 281 | 673 | 443 | 1,332 | ||
Payment of deferred offering costs | ||||||
- | - | - | 2,835 | 222 | ||
Taxes paid related to restricted stock vesting | ||||||
151 | - | - | - | - | ||
Repayment of debt | ||||||
- | 0 | 6,500 | 1,500 | 1,250 | ||
Net cash provided by financing activities | ||||||
2,413 | 226 | 312,696 | -3,968 | 69,711 | ||
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||
-19,784 | -210,549 | 299,981 | -35,197 | 54,584 | ||
Supplemental disclosures of cash flow information | ||||||
Cash paid for interest | ||||||
4 | 21 | 313 | 121 | 98 | ||
Supplemental disclosures of non-cash investing and financing activities | ||||||
Accretion of redeemable convertible preferred stock to redemption value | ||||||
- | 0 | 0 | 0 | 3,355 | ||
Purchases of property and equipment included in accounts payable and other current liabilities | ||||||
-771 | - | - | - | -704 | ||
Purchases of capitalized proprietary software development costs included in accounts payable and other current liabilities | ||||||
756 | - | - | - | - | ||
Deferred offering costs in accounts payable and accrued liabilities | ||||||
- | -38 | -2,191 | 762 | 1,457 | ||