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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net loss $ (7,518) $ (667)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 6,094 4,493
Allowance for doubtful accounts 139 632
Provision for excess and obsolete inventories 2,226 2,770
Stock-based compensation 2,747 1,233
Amortization of debt issuance costs 372 92
Change in fair value of earnout liabilities 60  
Deferred income taxes   1,080
Loss on disposal of property and equipment 118 476
Unrealized FX gain/loss 178 153
Changes in other assets and liabilities, net of acquisitions:    
Accounts receivable (807) 1,925
Inventories (7,860) (10,018)
Other current assets (3,952) 948
Accounts payable 3,404 (5,220)
Accrued expenses and other current liabilities 2,935 (2,109)
Income taxes receivable and payable 668 175
Net cash used in operating activities (1,196) (4,037)
Cash flows from investing activities    
Purchases of property and equipment (10,270) (7,511)
Proceeds from sale of property and equipment 581 373
Purchases of intangible assets (1,196) (495)
Acquisition of Additive Orthopaedics (15,000)  
Net cash used in investing activities (25,885) (7,633)
Cash flows from financing activities    
Payments on note payable - related party   (3,000)
Payments on revolving credit facility   (9,821)
Proceeds from issuance of long-term debt 25,985 472
Payments on long-term debt (5,991) (1,092)
Proceeds from PPP loan   3,747
Payments of debt issuance costs (3,080)  
Proceeds from issuance of common stock 1,001 1,348
Proceeds from issuance of Series B capital stock, net of issuance costs   36,030
Payments on treasury stock repurchased (561) (231)
Proceeds from Stock Options Exercised 442 210
Net cash provided by (used in) financing activities 17,796 27,663
Effect of Exchange Rate on Cash (340) (257)
Net decrease in cash (9,625) 15,736
Cash at beginning of period 17,501 2,610
Cash at end of period 7,876 18,346
Supplemental disclosures of cash flow information:    
Cash paid for taxes 381 162
Cash paid for interest 670 466
Purchase of property and equipment included in accounts payable 58  
Series B convertible preferred stock dividend $ 1,516 $ 333