Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (13,240) $ (9,651)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Unrealized loss on investments   1
Gain on sale of assets and other   (717)
Depreciation and amortization 3,402 4,980
Amortization of operating lease right of use assets 697 704
Payments on operating lease liability (617)  
Change in allowance for doubtful accounts (10) 19
Deferred tax   (1,867)
Share-based compensation expense (benefit) 65 107
Accretion (adjustment) of debt discount 232 (34)
Impairment loss and loss on disposal of assets   12
Inventory adjustments 775 13
Non-cash interest expense 6,270 4,030
Net change in working capital items:    
Trade receivables, net (556) 123
Inventories 2,806 (3,943)
Prepaid expenses and other current assets 542 366
Accounts payable and accrued liabilities 2,826 5,052
Income tax payable 130 208
Deferred revenue (1,419) (1,842)
Net cash provided by (used in) operating activities 1,903 (2,439)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (2,117) (221)
Repayment of loan receivable, net of advances 28 36
Net cash used in investing activities (2,089) (185)
Cash flows from financing activities:    
Payments on financing lease liability (172) (901)
Repayments on Revolving Facility (13,226) (25,067)
Repayments on Employee Retention Credit note (1,032)  
Proceeds from Revolving Facility 13,214 28,787
Proceeds from 2024 Standard Farms Loan 1,435  
Net cash provided by financing activities 219 2,819
Effect of foreign exchange on cash and cash equivalents   (8)
Net change in cash and cash equivalents and restricted cash 33 187
Cash and cash equivalents and restricted cash, beginning of year 4,303 3,332
Cash and cash equivalents and restricted cash, end of year 4,336 3,519
Supplemental disclosures of non-cash investing and financing activities:    
Increase in notes payable, discount related to the 2024 Standard Farms Loan 388  
2023 Refinanced Notes interest paid-in-kind 18,652  
Supplemental disclosure of cash flow information:    
Cash paid for interest 317 1,501
Cash paid for income taxes 15 80
OHIO    
Supplemental disclosures of non-cash investing and financing activities:    
Increases to right-of-use assets   80
Increase to operating lease liability   $ 80
PENNSYLVANIA    
Supplemental disclosures of non-cash investing and financing activities:    
Increases to right-of-use assets 3,741  
Increase to finance lease liability $ 3,741