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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (6,995) $ (326,210)
Adjustments to reconcile net loss to cash used in operating activities:    
Stock-based compensation 3,418 4,698
Loss on disposal of fixed assets   2,609
Impairment of property plant and equipment and intangible assets   139,481
Depreciation of property plant and equipment   54,308
Write down of inventory and prepaid inventory 0 24,105
Other non-cash changes   (1,761)
Changes in assets and liabilities:    
Inventory   (10,537)
Prepaid insurance and other assets 3,612 4,596
Accounts payable (600) (5,997)
Accrued legal and professional (11,704) 39,396
Accrued expenses and other current liabilities (12,469) (380)
Net Cash used in operating activities (24,738) (75,692)
Investing activities    
Purchases of property plant and equipment   (10,188)
Purchases of short-term investments   (32,147)
Maturities of short-term investments   112,203
Proceeds from the sale of fixed assets   198
Net Cash provided by investing activities   70,066
Financing activities    
Tax withholding payments related to net settled restricted stock compensation (106)  
Net Cash used in financing activities (106)  
Decrease in cash, cash equivalents, and restricted cash (24,844) (5,626)
Cash and cash equivalents, beginning balance 87,096 121,358
Cash, cash equivalents, and restricted cash ending balance 62,252 115,732
Non-cash items    
Non-cash derecognition of Foxconn down payments for sale of fixed assets   $ 321
Cash paid for reorganization items $ 16,559