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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income (loss) $ 53,813,000 $ (809,000)
Income from discontinued operations, net of tax 50,340,000 6,557,000
Income (loss) from continuing operations 3,473,000 (7,366,000)
  Adjustments to reconcile net loss from continuing operations to cash used in operating activities    
Stock based compensation expense 365,000 250,000
Depreciation and amortization 5,353,000 1,436,000
Deferred income tax expense 1,013,000 0
(Gain) loss on sale of assets 3,000 (57,000)
Increase (decrease) in allowance for bad debt 882,000 (22,000)
Increase in fair value of derivative warrant liability 9,185,000 3,579,000
(Gain) loss on commodity derivative contracts (1,516,000) 3,487,000
Net cash settlements on commodity derivatives 3,519,000 (5,497,000)
Amortization of debt discount and deferred costs 4,572,000 1,771,000
Changes in operating assets and liabilities    
Accounts receivable and other receivables (26,291,000) (4,045,000)
Inventory (52,553,000) (11,096,000)
Prepaid expenses and other current assets (18,103,000) (722,000)
Accounts payable 11,005,000 11,224,000
Accrued expenses 22,486,000 (304,000)
Other assets (44,000) (1,301,000)
Net cash used in operating activities from continuing operations (36,651,000) (8,663,000)
Cash flows from investing activities    
Payments to Acquire Businesses, Gross 0 (6,427,000)
Purchase of fixed assets (73,936,000) (388,000)
Proceeds from sale of discontinued operation 87,238,000 0
Proceeds from sale of fixed assets 0 132,000
Net cash provided by (used in) investing activities from continuing operations 13,302,000 (6,683,000)
Cash flows from financing activities    
Payments on finance leases (310,000) (98,000)
Proceeds from exercise of options and warrants to common stock 209,000 77,000
Contributions received from noncontrolling interest 980,000 0
Net change on inventory financing agreements (11,284,000) 0
Payments on note payable (17,165,000) (1,376,000)
Net cash used in financing activities from continuing operations (27,570,000) (1,397,000)
Discontinued operations:    
Net cash provided by (used in) operating activities (150,000) 4,672,000
Net cash used in investing activities 0 (9,000)
Net cash provided by (used in) discontinued operations (150,000) 4,663,000
Net decrease in cash, cash equivalents and restricted cash (51,069,000) (12,080,000)
Cash, cash equivalents, and restricted cash at beginning of the period 146,187,000 136,627,000
Cash, cash equivalents, and restricted cash at end of period 95,118,000 124,547,000
Cash and cash equivalents 86,689,000 24,050,000
Restricted cash 8,429,000 100,497,000
Cash and cash equivalents and restricted cash as shown in the consolidated statements of cash flows 95,118,000 124,547,000
SUPPLEMENTAL INFORMATION    
Cash paid for interest 10,124,000 15,000
Cash paid for taxes 0 0
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Equity component of the convertible note issuance 0 78,789,000
ROU assets obtained from new finance lease liabilities 15,024,000 0
ROU assets obtained from new operating lease liabilities 15,078,000 0
Accretion of redeemable noncontrolling interest to redemption value $ 0 $ 421,000