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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income (loss) $ (46,379) $ (65,976)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 667 602
Amortization of intangible assets 1,087 1,834
Amortization of deferred costs 1,478 1,682
Amortization of debt issuance costs and debt discount 420  
Bad debt expense 6,315 6,680
Stock-based compensation 5,488 4,221
Non-cash lease expense 1,023 0
Provision for inventories (17) (73)
Unrealized foreign currency transaction gains 14 (957)
Impairment expense 44 0
Deferred income taxes 0 17,722
Change in fair value - warrant liabilities 0 (1,265)
Loss on derivative liabilities 3,361 0
Changes in operating assets and liabilities:    
Due from related parties (268) (592)
Accounts receivable, net 707 (12,006)
Inventories (1,044) (22,238)
Prepaid expenses 1,727 (7,128)
Other current assets (8,767) (7,425)
Deferred costs (431) (1,752)
Other long-term assets 10,759 (3,642)
Accounts payable and accrued expenses (8,604) 14,296
Deferred revenue 1,164 (2,832)
Interest payable 3,739 0
Income taxes payable (204) 2,603
Other long-term liabilities (54) 2,025
Lease liabilities (1,084) 0
Net cash used in operating activities (28,859) (73,892)
Cash flows from investing activities    
Purchases of property and equipment (680) (4,728)
Disposal of property and equipment 178 0
Purchases of intangible assets (418) (1,923)
Net cash used in investing activities (920) (6,651)
Cash flows from financing activities    
Deferred financing costs (5,838) (454)
Borrowings under KLIM Term Loan 87,300 61,600
Repayments of revolving facility (20,100) 0
Taxes paid related to net share settlement of equity awards (537) (10,991)
Net cash provided by financing activities 60,825 50,155
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,867) (558)
Net change in cash, cash equivalents, and restricted cash 29,179 (30,946)
Cash and cash equivalents at beginning of period 5,265 42,004
Restricted cash at beginning of period 69 0
Cash, cash equivalents, and restricted cash at beginning of period 5,334 42,004
Cash and cash equivalents at end of period 34,446 8,476
Restricted cash at end of period 67 2,582
Cash, cash equivalents, and restricted cash at end of period 34,513 11,058
Supplemental disclosure of noncash financing and investing activities:    
Property and equipment included in accounts payable and accrued expenses 116 1,137
Intangible assets included in accounts payable and accrued expenses 521 253
Operating lease ROU assets obtained in exchange for operating lease liabilities $ 164 $ 0