XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net (loss) income $ (13,714) $ (7,421)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 1,721 1,653
Amortization of intangible assets 1,459 2,863
Amortization of loan costs 13 0
Stock-based compensation 7,363 5,399
Non-cash lease expense 418 524
Deferred income tax expense (benefit) 13 (599)
Change in fair value of contingent consideration 720 (3,335)
Accretion of investments (390) 0
Loss on disposal of property and equipment, net 68 18
Loss / (gain) on disposal of assets held for rent, net 218 (96)
Other (50) (17)
Change in operating assets and liabilities, net of effects of acquisitions    
Accounts receivable, trade, net 3,612 (1,083)
Inventories (6,425) (1,855)
Prepaid expenses and other assets 661 (1,213)
Accounts payable 157 (3,231)
Accrued expenses and other current liabilities 371 (1,074)
Warranty liability 583 0
Sales taxes payable 510 1,543
Other (20) 0
Net cash used in operating activities (2,712) (7,924)
Cash flows from investing activities    
Purchases of available-for-sale securities (8,202) 0
Proceeds from sale of available-for-sale securities 524 0
Maturities of available-for-sale securities 14,900 0
Purchases of assets held for rent (1,001) (814)
Purchases of property and equipment (3,295) (1,456)
Net cash provided by (used in) investing activities 2,926 (2,270)
Cash flows from financing activities    
Proceeds from exercise of common stock options 125 257
Fees paid related to issuance of common stock 0 (50)
Other 9 42
Net cash used in financing activities (562) (181)
Net decrease in cash, cash equivalents, and restricted cash (348) (10,375)
Cash, cash equivalents, and restricted cash – beginning of period 19,473 69,870
Effects of currency translation on cash, cash equivalents, and restricted cash 11 (22)
Cash, cash equivalents, and restricted cash – end of period 19,136 59,473
Non-cash investing and financing activities    
Purchase of property and equipment not yet paid 347 13
Equipment acquired under operating leases 880 243
Unrealized gains and losses on available-for-sale securities (39) 0
Cash interest paid 497 91
Equipment Loans [Member]    
Cash flows from financing activities    
Payments on loans (127) (125)
Financed Insurance Premium [Member]    
Cash flows from financing activities    
Payments on financed insurance premium $ (569) $ (305)