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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (8,141) $ (47,898)
Less: Loss from discontinued operations 4,916 38,020
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 235 384
Non-cash stock-based compensation expense 459 1,272
Accretion of discounts on marketable securities, net (28) (1,318)
Amortization of debt issuance costs 460 325
Amortization of operating lease right-of-use assets 542 513
Gain on sale of business, net (8,096) (5,927)
Change in fair value of warrant liability (107) (1,478)
Change in fair value of contingent consideration 0 123
Changes in operating assets and liabilities:    
Accounts receivable (3,499) 3,247
Inventory 87 11,567
Employer retention credit receivable 0 4,703
Prepaid expenses and other current assets 286 2,010
Accounts payable (1,050) (3,020)
Accrued liabilities (1,442) (8,043)
Operating lease liabilities (532) (253)
Other long-term liabilities 0 20
Net cash used in operating activities - continuing operations (15,910) (5,753)
Net cash used in operating activities - discontinued operations (11,692) (39,352)
Net cash used in operating activities (27,602) (45,105)
Cash flows from investing activities    
Proceeds from sale of business 13,235 17,000
Purchases of available-for-sale marketable securities 0 (38,521)
Sales of available-for-sale marketable securities 500 0
Maturities of available-for-sale marketable securities 2,750 70,250
Purchases of property and equipment (148) (1,187)
Net cash provided by investing activities - continuing operations 16,337 47,542
Net cash provided by (used in) investing activities - discontinued operations 339 (207)
Net cash provided by investing activities 16,676 47,335
Cash flows from financing activities    
Repayment of debt (2,625) 0
Proceeds from the exercise of stock options 0 4
Repurchase of common shares to pay employee withholding taxes 0 (35)
Proceeds from employee stock purchase plan 0 25
Payment of contingent consideration 0 (1,923)
Net cash used in financing activities - continuing operations (2,625) (1,929)
Net cash used in financing activities - discontinued operations (41) (240)
Net cash used in financing activities (2,666) (2,169)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (13) (294)
Net change in cash, cash equivalents and restricted cash (13,605) (233)
Cash, cash equivalents and restricted cash, at the beginning of the period 26,200 31,348
Cash, cash equivalents and restricted cash, at the end of the period 12,595 31,115
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,394 3,731
Supplemental disclosure of noncash investing and financing activities:    
Accounts receivable from sale of business 4,478 6,111
Change in unrealized (gain) on marketable securities 0 (7)
Change in unpaid purchases of property and equipment $ 0 $ 35