XML 98 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (12,379) $ (19,614)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,308 2,195
Non-cash interest 3,313 2,510
Loss on extinguishment of debt 6,299
Loss on change in fair value - warrant liabilities 16,758
Stock-based compensation 10,063 487
Tax Receivable Agreement expense 501
Loss on disposal of property and equipment 95
Changes in operating assets and liabilities:    
Increase in accounts receivable (18,451) (6,059)
Increase in inventories, net (24,688) (9,595)
Increase in prepaid inventory and other assets (2,557) (520)
Increase in accounts payable 25,132 3,783
Increase in accrued sales returns 1,814 632
Increase in accrued compensation 5,263 594
Increase (decrease) in customer prepayments (1,264) 4,309
Increase (decrease) in other accrued liabilities 8,803 (474)
Net cash provided by (used in) operating activities 22,915 (21,657)
Cash flows from investing activities:    
Purchase of property and equipment (10,459) (11,325)
Investment in intangible assets (320) (327)
Net cash used in investing activities (10,779) (11,652)
Cash flows from financing activities:    
Proceeds from the Business Combination 26,344
Proceeds from related-party debt 10,000 24,000
Repurchase of stock options (97)
Payments to line of credit (8,000)
Payments for debt issuance costs (758) (367)
Principal payments on capital lease obligations (35) (29)
Net cash provided by financing activities 9,110 41,948
Net increase in cash 21,246 8,639
Cash and cash equivalents, beginning of the year 12,232 3,593
Cash and cash equivalents, end of the year 33,478 12,232
Supplemental disclosures of cash flow information:    
Cash paid during the year for interest 1,869 1,384
Cash paid during the year for income taxes 122
Supplemental schedule of non-cash investing and financing activities:    
Property and equipment included in accounts payable 743 463
Assignment of founder shares and sponsor warrants 4,691
Equipment acquired through capital lease 386
Issuance of liability warrants 4,864
Non-cash leasehold improvements 1,938
Tax distribution payable $ 308