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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 24,713 $ (42,305)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Change in fair value of contingent consideration (527) (25)
Change in fair value of contract consideration convertible notes payable (29,969) (75)
Amortization of convertible note issuance cost 83 1,002
Paid-in-kind interest expense 2,284 5,956
Amortization of contract assets 5,033 3,371
Depreciation 734 734
Amortization of asset-based loan origination costs 121 0
Provision for credit losses 138 203
Provision for excess and obsolete inventory 959 1,734
Gain on sale of property and equipment (38) (2,916)
Gain on lease termination 0 (584)
Non-cash lease expense 3,014 226
Stock compensation expense (254) 3,325
Deferred income tax expense (benefit) 104 (125)
Paycheck protection plan loan forgiveness (4,522) 0
Changes in current assets and liabilities:    
Accounts receivable 5,311 (7,342)
Accounts receivable, related party (11,886) (21,383)
Inventories 1,938 (7,917)
Income taxes receivable 0 14
Other assets (836) (285)
Contract assets 0 (3,600)
Accounts payable (1,670) 25,760
Accrued liabilities (2,575) (34)
Operating lease liabilities (3,391) (507)
Income taxes payable (53) 93
Interest payable (8) 48
Net cash used in operating activities (11,297) (44,632)
Cash flows from investing activities:    
Capital expenditures (1,081) (421)
Proceeds from sale of assets 67 5,752
Net cash (used in) provided by investing activities (1,014) 5,331
Cash flows from financing activities:    
Payment for forfeited stock options (617) 0
Payments on long-term debt (149) 0
Proceeds from asset-based loan 68,716 0
Payments on asset-based loan (61,224) 0
Payment of asset-based loan origination costs (574) 0
Proceeds from issuance of convertible notes 0 21,150
Payment of issuance costs of convertible notes 0 (1,084)
Proceeds from issuance of warrants 0 19,500
Payment of issuance costs of stock warrants 0 (1,170)
Payments to tax authorities for shares withheld from employees (268) (224)
Proceeds from issuance of stock 77 133
Payments for finance leases (33) (38)
Net cash provided by financing activities 5,928 38,267
Effect of changes in exchange rates on cash and cash equivalents (54) 100
Net change in cash, cash equivalents and restricted cash (6,437) (934)
Cash and cash equivalents at the beginning of period 12,290 11,534
Restricted cash at the beginning of period 100 1,790
Cash and cash equivalents and restricted cash at beginning of period 12,390 13,324
Cash and cash equivalents at end of period 5,851 12,290
Restricted cash at the end of period 102 100
Cash, cash equivalents and restricted cash at end of period $ 5,953 $ 12,390