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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (8,595) $ (9,813)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,856 1,570
Common stock contribution to 401(k) 118 123
Amortization of intangible assets   225
Depreciation 2 1
Accretion of long-term debt discount and debt issuance costs 306  
Non-cash lease expense 14 47
Change in fair value of equity securities (252) 24
Changes in assets and liabilities:    
Trade and other receivables, net 1,001 (5)
Prepaid expenses and other assets 213 269
Accounts payable and accrued liabilities (105) 3,122
Operating lease liabilities (15) (50)
Unearned revenue recognized under units-of-revenue method (490) (437)
Net cash used in operating activities (4,947) (4,924)
Cash flows from investing activities:    
Payments of consideration under RPAs, AAAs and CPPAs (15,000) (9,600)
Receipts under RPAs, AAAs and CPPAs 7,771 2,366
Purchase of property and equipment (17)  
Net cash used in investing activities (7,246) (7,234)
Cash flows from financing activities:    
Principal payments - debt (3,616)  
Debt issuance costs and loan fees paid in connection with long-term debt (581)  
Payment of preferred stock dividends (1,368) (1,368)
Repurchases of common stock (13)  
Proceeds from exercise of options and other share-based compensation 1,956  
Taxes paid related to net share settlement of equity awards (1,334)  
Net cash used in financing activities (4,956) (1,368)
Net decrease in cash, cash equivalents and restricted cash (17,149) (13,526)
Cash, cash equivalents and restricted cash at the beginning of the period 159,550 57,826
Cash, cash equivalents and restricted cash at the end of the period 142,401 44,300
Supplemental Cash Flow Information:    
Cash paid for interest 3,780  
Non-cash investing and financing activities:    
Accrual of contingent consideration under the Affitech CPPA 3,000  
Preferred stock dividend accrual $ 1,368 $ 1,368

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