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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 15,838 $ 1,366
Adjustments to reconcile net income to net cash /provided/(used in) by operating activities:    
Depreciation 556 178
Amortization 275 375
Bad debt expense 466 855
Inventory excess and obsolescence 331 1,260
Stock-based compensation expense 8,517 10,777
Un-realized exchange loss 602 0
Changes in operating assets and liabilities:    
Accounts receivable-net (27,920) (18,267)
Inventory-net 28,753 (46,683)
Prepaid expenses and other current assets 1,257 (8,118)
Accounts payable and accrued expenses 10,336 27,579
Deferred tax-net 1,072
Other current liabilities 1,820 340
Other long-term liabilities 488
Change in right of use assets and lease obligation-net (95) 8
Net cash provided by/(used in) operating activities 42,296 (30,330)
Cash flows from investing activities:    
Proceeds from note receivable 2,592 1,876
Purchase of property and equipment (2,456) (1,216)
Net cash provided by investing activities 136 660
Cash flows from financing activities:    
Principal payments on finance lease obligations (37) (50)
Proceeds from capital raise 0 67,769
Proceeds from exercise of stock options 1,260 2,515
Net cash provided by financing activities 1,223 70,234
Effect on exchange rate changes on cash 121 (24)
Net increase in cash 43,776 40,540
Cash at beginning of the period 16,255 43,248
Cash at end of the period 60,031 83,788
Supplemental cash flow disclosures:    
Taxes 2,100
Interest $ 0 $ 0