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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 income (loss) from continuing operations $ 9,061 $ (1,942)
Adjustments to reconcile net income (loss) from continuing operations to net cash flows provided by (used in) operating activities from continuing operations:    
Share-based compensation 4,340 3,904
Change in deferred income taxes 2,031 0
Loss on extinguishment of debt 1,401 0
Depreciation 558 714
Non-cash lease expenses 317 334
Bad debt expense 199 (60)
Amortization of intangible assets 189 190
Loss on fixed asset disposal 185 0
Accretion of asset retirement obligation 22 22
Amortization of deferred financing costs 69 121
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (3,344) (1,551)
Inventory (2,941) (1,474)
Prepaid expenses (471) 934
Other assets (1,001) 1,030
Accounts payable 283 (686)
Accrued compensation (4,440) (2,494)
Accrued expenses 522 1,956
Other liabilities (195) (398)
Net cash flows provided by operating activities from continuing operations 6,785 600
Net cash flows used in operating activities of discontinued operations (807) (4,648)
Net cash flows provided by (used in) operating activities 5,978 (4,048)
Cash flows from investing activities:    
Consideration paid pursuant to TELA APA (Note 12) (5,000) 0
Purchases of equipment (1,144) (633)
Patent application costs 120 (44)
Net cash flows used in investing activities (6,024) (677)
Cash flows from financing activities:    
Proceeds from Citizens Revolving Credit Facility 30,000 0
Proceeds from Citizens Term Loan Facility 19,783 0
Proceeds from exercise of stock options 766 0
Principal payments on finance lease (13) (4)
Prepayment premium on Hayfin term loan (500) 0
Deferred financing cost (1,101) 0
Repayment of Hayfin term loan (50,000) 0
Repayment of Citizens Revolving Credit Facility (30,000) 0
Principal payments on Citizens Term Loan Facility (250) 0
Stock repurchased for tax withholdings on vesting of restricted stock units (2,152) 0
Net cash flows used in financing activities (33,467) (4)
Net change in cash (33,513) (4,729)
Cash and cash equivalents, beginning of period 82,000 65,950
Cash and cash equivalents, end of period $ 48,487 $ 61,221