INVESTOR RELATIONS Financial Info FINANCIAL INFO Cash Flow Income Statement Balance Sheet Cash Flow 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 $ (21,619) $ (32,798) Adjustments to reconcile net loss to net cash used in operating activities: Stock-based compensation expense 4,389 5,963 Depreciation and amortization 2,083 2,337 Amortization of intangible assets 142 142 Amortization of debt discount 17 Bad debt expense 99 Inventory write-off 747 Gain on extinguishment of debt – PPP loan (3,612) Change in fair value of common stock warrant liability (4,134) (4,444) Inducement loss on sale of liability classified warrants 5,197 Loss on restructuring and other charges 321 Loss on abandonment and disposal of property and equipment 1,566 Loss on sale of property and equipment 7 Other non-cash adjustments (21) Changes in operating assets and liabilities: Accounts receivable 2,534 (1,648) Inventory 136 (655) Prepaid expenses and other current assets (1,392) (332) Operating lease right-of-use assets 1,011 1,348 Other assets 247 130 Accounts payable and accrued expenses (456) (2,349) Other current liabilities (29) Deferred revenue 87 (73) Operating lease liabilities (1,082) (1,353) Net cash used in operating activities (15,324) (32,170) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property and equipment (18) (1,225) Proceeds from sale of property and equipment 23 Purchase of available-for-sale securities (14,144) Proceeds from maturities of available-for-sale securities 16,945 Proceeds from sale of available-for-sale securities 16,171 Net cash provided by investing activities 5 17,747 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from term note payable and financing arrangements 1,028 4,630 Principal payments on term note payable and financing arrangements (708) (1,096) Principal payments on financing leases (413) (376) Net proceeds from the sale of common stock, warrants and pre-funded warrants 9,884 24,276 Proceeds from the sale of new warrants 1,002 Proceeds from warrants exercised 6,671 Proceeds from pre-funded warrants exercised 8 Cash paid for tax withholdings related to net share settlement (355) (114) Proceeds from stock options exercised 3 31 Proceeds from ESPP purchase 28 40 Net cash provided by financing activities 17,148 27,391 Net increase in cash and cash equivalents 1,829 12,968 Cash and cash equivalents - beginning of period 25,522 10,218 Cash and cash equivalents - end of period 27,351 23,186 Supplemental cash flow information: Cash paid for interest 96 139 Supplemental schedule of non-cash investing and financing activities: Fair value of placement agent warrants issued in connection with offering 838 Reclassification of warrant liability to stockholders’ equity upon exercise of warrant 8,964 Unpaid tax liability related to net share settlement 5 Unpaid liability for acquisition of property and equipment 10 Accrued offering costs 400 Allocation of proceeds to warrant liability $ 8,629 $ 11,677 Source PDF HTML 10-Q Filing ZIP XLS HTML XBRL PUBLISHED: NOVEMBER 10, 2021 GET EMAIL ALERTS Stay informed about our latest news and updates Sign Up Today > Connect with Us PolarityTE, Inc. on Twitter PolarityTE, Inc. on LinkedIn PolarityTE, Inc. on Facebook PolarityTE, Inc. on YouTube PolarityTE About Platform Investor Relations About Management Team Board of Directors Values News & Media Press Releases Events Conferences Investor Relations Company Info Financial Info SEC Filings Stock Data Governance Contact Scientific Communications Contact Feedback Collaborate Investor Contact HR Report a Concern Careers Current Openings Contact HR © 2017-2021 PolarityTE, Inc. All Rights Reserved. Patents Pending. Privacy Policy PO Terms Distributors Purchase Agreement Terms Disclaimer Sitemap