| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-56,957 | -30,832 | -17,765 | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation | ||||||
1,420 | 624 | 218 | ||||
Operating lease right-of-use-assets amortization | ||||||
330 | - | - | ||||
Provision for doubtful accounts | ||||||
283 | 255 | 0 | ||||
Stock-based compensation | ||||||
23,543 | 14,728 | 12,706 | ||||
Common stock issued in exchange for services | ||||||
- | - | 100 | ||||
Loss on disposal of property and equipment | ||||||
-123 | - | -53 | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-251 | 1,058 | 124 | ||||
Inventories | ||||||
2,185 | 3,874 | 644 | ||||
Prepaid expenses and other assets | ||||||
338 | 1,386 | 8 | ||||
Accounts payable | ||||||
407 | 699 | -47 | ||||
Accrued expenses | ||||||
-184 | 2,485 | -95 | ||||
Deferred revenue | ||||||
417 | 1 | -91 | ||||
Other liabilities | ||||||
-283 | -150 | 174 | ||||
Net cash used in operating activities | ||||||
-33,173 | -18,508 | -5,523 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchases of available-for-sale securities | ||||||
36,461 | - | - | ||||
Proceeds from maturities of available-for-sale securities | ||||||
20,697 | - | - | ||||
Purchases of property and equipment | ||||||
268 | 582 | 547 | ||||
Net cash provided by (used in) investing activities | ||||||
-16,032 | -582 | -547 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Payments for restricted stock tax liability on settlement | ||||||
225 | - | - | ||||
Proceeds from issuance of common stock, net of underwriters' discount of $5,338 in 2018 | ||||||
37 | 78,806 | 10,430 | ||||
Initial public offering costs | ||||||
- | 3,556 | - | ||||
Payments on equipment financing | ||||||
338 | 82 | 44 | ||||
Net cash used in financing activities | ||||||
-526 | 75,168 | 10,386 | ||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||
-49,731 | 56,078 | - | ||||
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||
- | - | 4,316 | ||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Settlement of stock-based compensation liability | ||||||
- | 18,243 | - | ||||
Forfeitures of liability-classified awards | ||||||
- | 1,313 | - | ||||
Unpaid property and equipment included in equipment financing | ||||||
- | 831 | - | ||||
Transfer from inventories to property and equipment for lasers | ||||||
1,505 | 2,848 | - | ||||
Transfer from inventories to property and equipment for lasers | ||||||
- | - | 377 | ||||
SUPPLEMENTAL CASH FLOW INFORMATION: | ||||||
Cash payments for interest | ||||||
49 | 11 | 4 | ||||
Cash payments for taxes | ||||||
30 | 5 | 1 | ||||