XML 23 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net loss $ (59,203) $ (40,186) $ (28,660)
Adjustments to reconcile net loss to net cash used in operating activities:      
Loss (gain) from the change in fair value of 2020/21 Notes and 2020 Notes embedded derivative liability 0 8,607 (394)
Loss on conversion of 2020/21 Notes to common stock 0 1,916 0
Loss on disposal of assets 5,137 625 4
(Gain) on forgiveness of SBA Loans (641) 0 0
Stock-based compensation 9,874 2,125 1,349
Depreciation and amortization 5,128 5,904 6,656
Non-cash lease expense 52 62 48
Non-cash interest expense 37 761 1,346
Changes in operating assets and liabilities:      
Accounts receivable (257) 608 (609)
Inventories (259) 945 (35)
Prepaid expenses and other current assets, deposits and other assets (3,133) 782 (1,824)
Accounts payable, accrued expenses and long-term liabilities (271) (1,487) 1,280
Net cash used in operating activities (43,536) (19,338) (20,839)
Investing Activities      
Acquisitions of property, plant and equipment (59,662) (5,905) (5,989)
Acquisition of patents (9,170) 0 0
Proceeds from sale of marketable securities 79,574 0 0
Purchase of marketable securities (422,362) 0 0
Proceeds from sale of property, plant and equipment 0 0 32
Investment in Juhl 0 0 (1,500)
Net cash used in investing activities (411,620) (5,905) (7,457)
Financing Activities      
Proceeds from issuance of 2021 Bonds 68,995 0 0
Debt and equity offering costs (34,955) (6,370) (232)
Proceeds from issuance of common stock and common stock warrants 489,373 76,414 11,589
Proceeds from the exercise of warrants 1,121 17,082 0
Net settlement of common stock under stock plans (7,041) (350) (201)
Payment on loans payable - other (154) (501) (292)
Payment of finance lease liabilities (4,488) (2) 0
Proceeds from SBA Loans 0 1,006 0
Net cash provided by financing activities 512,851 87,279 10,864
Net increase (decrease) in cash and cash equivalents and restricted cash 57,695 62,036 (17,432)
Cash, cash equivalents and restricted cash      
Beginning of year 78,338 16,302 33,734
End of year 136,033 78,338 16,302
Cash and cash equivalents 40,833 78,338 16,302
Restricted cash (current) 25,032 0 0
Long-term restricted cash 70,168 0 0
Total cash, cash equivalents and restricted cash 136,033 78,338 16,302
Supplemental disclosures of cash and non-cash investing and financing transactions      
Cash paid for interest expensed 214 1,333 1,392
Cash paid for interest capitalized to construction in progress 1,020 0 0
Non-cash interest capitalized to construction in progress 1,125 0 0
Non-cash purchase of property, plant and equipment 20,287 197 368
Issuance of common stock upon exchange of debt and make-whole 0 25,057 0
Issuance of common stock in exchange for services rendered 0 94 0
Original issue discount paid with 2020/21 Notes 0 282 0
Right-of-use asset purchased with financing lease 28,514 0 0
Right-of-use asset purchased with operating lease 2,593 192 280
Equipment and insurance financed with notes payable $ 0 $ 0 $ 1,041