Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (34,379) $ (14,997)
Adjustments to reconcile net loss to net cash used in operating activities:    
Unrealized loss on investments 292 829
Loss on termination of lease   333
Disposal expense and other 10 (28)
Depreciation and amortization 17,826 16,522
Amortization of operating lease right of use assets 531 942
Change in allowance for doubtful accounts (213) (236)
Non-cash interest income (45) (789)
Deferred tax (3,450) (1,133)
Share-based compensation 2,545 2,406
Accretion of debt discount 2,210 2,449
Change in fair value of financial instruments (2,360) 2,782
Loan receivable losses 1,154  
Impairment loss and loss on disposal of assets 7,541 194
Non-cash interest expense 3,430 2,280
Net change in working capital items:    
Trade receivables and others, net 8,666 (5,124)
Inventories 6,350 (20,377)
Prepaid expenses and other current assets (452) 603
Accounts payable and accrued liabilities (1,036) 12,618
Income tax payable 621 (803)
Deferred revenue (949) (2,405)
Net cash provided by (used in) operating activities 8,292 (3,934)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (14,856) (2,351)
Proceeds from sale of property, plant and equipment 9 1,259
Repayment of loan receivable, net of advances (1,115) 2,633
Cash paid for acquisitions   (400)
Net cash (used in) provided by investing activities (15,962) 1,141
Cash flows from financing activities:    
Payments on lease liability (1,595) (2,208)
Repayments on notes payable (120,575) (17,321)
Debt issuance costs   (418)
Proceeds from notes payable and Massachusetts lease liability 139,467 21,850
Proceeds from options and warrants exercised   186
Net cash provided by financing activities 17,297 2,089
Effect of foreign exchange on cash and cash equivalents (6) (5)
Net change in cash and cash equivalents and restricted cash 9,621 (709)
Cash and cash equivalents and restricted cash, beginning of year 6,952 8,859
Cash and cash equivalents and restricted cash, end of year 16,573 8,150
Supplemental disclosures of non-cash investing and financing activities:    
Decreases to right of use assets related to Taunton Facility Transactions 3,940  
Decreases to operating lease liability related to Taunton Facility Transactions 4,454  
Decreases to property, plant, and equipment related to Taunton Facility Transactions 514  
Increases to right of use asset   965
Increases to finance lease liability   965
Supplemental disclosure of cash flow information:    
Cash paid for interest 4,166 2,172
Cash paid for income taxes $ 222 $ 1,199