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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income (loss) $ 43,914 $ (22,230)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation 2,390 663
Bad debt expense 204
Depreciation and amortization expense 1,074 474
Contingent consideration (23) 679
Change in fair value of obligation to issue shares of common stock to sellers of World Energy (18)
Fair value change of derivative liability (81,960) 3,565
Loss on extinguishment of debt 1,038
Loss on disposal of assets 45
Change in operating right-of-use assets 7
Interest on finance leases 25
Debt discount (40) 3,143
Changes in operating assets and liabilities:    
Accounts receivable, net 10,883 (5,240)
Inventory, net (13,248) (2,313)
Prepaid expenses and other current assets 286 1
Other assets (23) (152)
Accounts payable (2,269) 3,416
Accrued expenses and other current liabilities 4,420 3,869
Deferred revenue 118
Net cash used in operating activities (34,215) (13,087)
Investing activities:    
Payments to acquire net assets of World Energy, net of cash acquired (8,188)
Purchase of convertible note (3,000)
Purchases of property and equipment (2,917) (162)
Net cash used in investing activities (14,105) (162)
Financing activities:    
Proceeds from the issuance of subordinated convertible promissory notes 8,100
Proceeds from paycheck protection program 1,100
Repayments of revolving line of credit (646)
Repayments of debt (85) (513)
Repayments under financing leases (150)
Proceeds from revolving line of credit 2,500
Proceeds from the exercise of warrants 884
Proceeds from recapitalization of PIC shares 75
Proceeds from exercise of stock options 32 21
Proceeds from exercise of Public Warrants 85,555
Net cash provided by financing activities 85,427 11,446
Net increase in cash and cash equivalents and restricted cash: 37,107 (1,803)
Cash, cash equivalents, and restricted cash at beginning of period 329,791 3,536
Cash, cash equivalents, and restricted cash at end of period 366,898 1,733
Supplemental disclosure of cash flow information:    
Cash paid for interest 35 156
Supplemental disclosures of noncash investing and financing information:    
Settlement of warrant liability upon exercise of Public Warrants 47,162
Settlement of warrant liability upon call of warrants 591
Reduce derivative liability for extinguishment of convertible notes payable (1,349)
Increase derivative liability for issuance of convertible notes payable 5,638
Equipment financing $ 271