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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (48,654,000) $ (20,150,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,529,000 2,442,000
Impairment of long-lived assets and non-cash restructuring 499,000 0
Amortization of deferred financing costs 175,000 72,000
Stock-based compensation 8,812,000 5,539,000
Provision for inventory write-down 3,570,000 1,072,000
Provision for credit losses, net of recoveries 412,000 (896,000)
Provision for sales returns 839,000 2,080,000
Provision for warranty expense 105,000 183,000
Unrealized loss on foreign currency transactions 1,417,000 711,000
Subsidiary dissolution 0 (68,000)
Loss (gain) on disposal of property, plant and equipment 54,000 (68,000)
Changes in operating assets and liabilities, excluding effects of acquisition:    
Accounts receivable 51,750,000 (9,605,000)
Other receivable (8,577,000) (4,405,000)
Inventories (27,413,000) (26,023,000)
Contract assets (14,000) 818,000
Prepaid expenses and other assets (1,722,000) (2,420,000)
Accounts payable (14,951,000) 19,122,000
Contract liabilities (7,405,000) 1,040,000
Accrued and other liabilities 607,000 (379,000)
Net cash used in operating activities (35,967,000) (30,935,000)
Cash flows from investing activities:    
Proceeds from disposal of property, plant and equipment and other assets 1,829,000 65,000
Purchases of property, plant and equipment (1,196,000) (1,764,000)
Acquisition of business, net of cash acquired 0 (22,297,000)
Net cash provided by (used in) investing activities 633,000 (23,996,000)
Cash flows from financing activities:    
Proceeds from long-term borrowings 0 25,000,000
Repayments of long-term borrowings (625,000) 0
Proceeds from short-term borrowings and line of credit, net 11,710,000 0
Proceeds from related party term loan 7,068,000 0
Repayments of related party term loan (9,580,000) 0
Payments for debt issue costs (197,000) (771,000)
Payments of contingent consideration (347,000) 0
Proceeds from exercise of stock awards and employee stock plan purchases 654,000 1,094,000
Net cash provided by financing activities 8,683,000 25,323,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,089,000) (889,000)
Net change in cash, cash equivalents and restricted cash (27,740,000) (30,497,000)
Cash, cash equivalents and restricted cash at beginning of period 38,464,000 53,639,000
Cash, cash equivalents and restricted cash at end of period 10,724,000 23,142,000
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets    
Cash and cash equivalents 9,662,000 17,125,000
Restricted cash 913,000 5,862,000
Long-term restricted cash 149,000 155,000
Cash, cash equivalents and restricted cash 10,724,000 23,142,000
Cash paid during the period for:    
Interest - bank and trade facilities 1,402,000 36,000
Interest - related party 121,000 0
Income taxes $ 640,000 $ 749,000