v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED ) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (29,738) $ (13,549)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,121 1,053
Foreign exchange (gain) loss on long-term debt (3) (8)
Bad debt expense 7
Non-cash debt amendment fee 463
Change in fair value of warrants and derivatives 457 3,972
Share-based compensation 6,564 661
Total adjustments 8,609 5,678
Changes in operating assets and liabilities:    
Decrease in accounts receivable 8,185 39,223
Increase in inventory 1,765 49
Decrease (increase) in prepaid expenses and other current assets (93) 1,624
Decrease in other operating assets (88) (119)
Decrease in accounts payable (1,088) (20,063)
Increase (decrease) in deferred revenue 317 (714)
(Decrease) increase in other accrued expenses (1,430) 2,388
Decrease in other long-term liabilities (824) (495)
Increase in accrued interest on long-term debt 2,673 2,000
Net cash (used in) provided by operating activities (14,880) 12,914
Cash flows from investing activities:    
Purchase of property, plant and equipment (807) (1,390)
Net cash used in investing activities (807) (1,390)
Cash flows from financing activities:    
Repayment of senior term loan (1,320)
Proceeds from the sale of Series H stock, net 505
Proceeds from the issuance of Series H warrants 142
Net cash (used in) provided by financing activities (1,320) 647
Net (decrease) increase in cash, cash equivalents and restricted cash (17,007) 12,171
Cash, cash equivalents and restricted cash, beginning of year 63,122 18,618
Cash, cash equivalents and restricted cash, end of period 46,115 30,789
Supplemental disclosures of cash flow information    
Cash paid for interest 1,431 2,426
Cash paid for income taxes 159 955
Supplemental disclosures of non-cash financing activity    
Non-cash debt amendment fee 463
Cash and cash equivalents 45,930 30,603
Restricted cash 185 186
Total cash, cash equivalents and restricted cash shown in the unaudited condensed consolidated statement of cash flows $ 46,115 $ 30,789

Source