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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net loss $ (17,002) $ (19,171)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Non-cash lease expense 450 423
Depreciation and amortization 1,041 1,234
Loss on disposal of property, equipment and software, net 55 101
Amortization of debt issuance cost 57 57
Equity-based compensation 3,950 6,614
Changes in operating assets and liabilities:    
Accounts receivable, net 1,111 (5,295)
Inventories 13,860 (21,822)
Prepaid expenses and other assets 2,387 (451)
Accounts payable (6,296) 30,312
Accrued expenses and other current liabilities 1,727 (1,234)
Operating lease liabilities (427) (436)
Other non-current liabilities 58 0
Net cash provided by (used in) operating activities 971 (9,668)
Investing activities:    
Purchases of property, equipment and software (238) (1,557)
Proceeds from sales of property, equipment and software 0 2,343
Net cash (used in) provided by investing activities (238) 786
Financing activities:    
Proceeds from revolving line of credit 8,000 0
Repayment of revolving line of credit (8,000) 0
Proceeds from exercise of stock options 0 25
Net cash provided by financing activities 0 25
Net change from operating, investing, and financing activities 733 (8,857)
Cash and cash equivalents at beginning of period 31,955 47,399
Cash and cash equivalents at end of period 32,688 38,542
Non-cash investing and financing activities    
Capital expenditures included in accounts payable 4 2
Conversion of Class B common stock to Class A common stock 7,078 1,094
Operating lease right-of-use assets obtained in exchange for lease liabilities 0 1,818
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 73 59
Cash paid for income taxes $ 90 $ 94