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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net loss $ (56,544) $ (487)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12,985 10,197
Gain on bargain purchase price 0 (49,026)
Impairment expense 0 0
Legal Settlement 892 0
Loss on extinguishment of debt 0 1,440
Non-cash operating lease expense (356) 625
Non-cash interest expense on finance leases added to principal 1,087 1,903
Non-cash interest expense on convertible notes payable added to principal 0 0
Gain on forgiveness of convertible debentures 0 (301)
Change in fair value of earnout liability 0 4,375
Deferred income taxes (2,308) 4,109
Reserve for inventory 760 0
Debt discount amortization 295 18
Debt issue cost amortization 505 1,477
Share-based compensation 366 567
Bad debt expense 707 328
Change in operating assets and liabilities:    
Accounts receivable (3,677) 619
Prepaid expenses and other current assets (497) (165)
Deposits and other long term assets (52) (39)
Inventory (1,168) (1,024)
Accounts payable and accrued liabilities 24,530 (5,636)
Accrued interest and taxes payable 16,689 6,199
Net cash used in operating activities (5,786) (24,821)
Investing activities:    
Cash received from asset sale 0 0
Receipt of cash from notes receivable 133 48
Issuance of notes receivable 0 38
Purchase of property and equipment and construction costs (2,183) (764)
Cash received from acquisition 0 55,306
Net cash (provided by) used in investing activities (2,050) 54,552
Financing activities:    
Proceeds from convertible notes, net of issue costs 0 0
Proceeds from exercise of options 2 0
Payment of convertible notes 0 (1,234)
Repayment of notes (8,634) (4,696)
Proceeds from notes 5,786 5,000
Principal repayments of finance lease liability (2,189) (1,095)
Payment of acquisition payable 0 0
Contributions, net 0 3
Distributions, net 0 0
Payment of earnout liability 0 (2,000)
Proceeds from Lease incentive payments received 499 1,371
Net cash used in financing activities (4,536) (2,651)
Net decrease in cash and cash equivalents (12,372) 27,080
Cash and cash equivalents, beginning of period 22,538 5,217
Cash and cash equivalents, end of period 10,166 32,297
Supplemental cash flow disclosure:    
Cash paid for interest 12,200 14,112
Cash paid for taxes 5,870 8,321
Non-cash investing and financing activities:    
Obtaining Property and Equipment relating to a Finance Lease Liability 0 3,383
Capital Expenditures Incurred but Not yet Paid 2,745 0
Other current assets reclassed to property and equipment 0 2,175
Termination of leases 649 0
Equity issued to offset accrued expense 0 472
Reclass of equipment deposits to property and equipment 0 1,044
Conversion of preferred dividends payable to equity 0 8,553
Recognition of right-of-use assets and lease liabilities for operating leases 0 2,064
Accretion of dividends payable 0 825
Shares issued for conversion of debt 0 27,460
Conversion of earn out liability to notes payable 0 2,200
Accrued interest added to principle of notes payable 840 2,348
Debt issued to finance insurance premiums $ 2,284 $ 0