XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss from continuing operations $ (39,563) $ (9,592)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,222 4,594
Equity based compensation 4,912 2,291
Change in fair value of derivative liability 11,931 (3,494)
Accretion of lease liability 4,502 57
Loss on disposal 160 0
Change in contingent consideration payable 0 (2,393)
Accretion of debt discount 355 0
Accrued interest on convertible debenture and interest 678 872
Accrued interest on notes payable 7,261 6,483
Interest accrued - lease receivable 1,040 671
Interest on construction liability 0 1,143
Deferred taxes 1,196 (965)
Changes in operating assets and liabilities:    
Accounts receivable, net 1,240 (3,777)
Other receivables (129) 276
Prepaid expenses and other assets (824) 28
Inventory 1,726 (6,051)
Accounts payable 1,869 6,525
Accrued expenses and other current liabilities (143) 4,229
Taxes payable 1,962 8,643
Deposits 977 0
Net cash provided by continuing operating activities 3,372 9,540
Net cash used in discontinued operating activities (7,443) (11,700)
NET CASH USED IN OPERATING ACTIVITIES (4,071) (2,160)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for asset acquisitions and business combinations, net of cash received (250) (24,998)
Proceeds from note receivable 0 109
Purchases of property and equipment (267) (1,683)
Net cash used in continuing investing activities (517) (26,572)
Net cash used in discontinued investing activities (284) (400)
NET CASH USED IN INVESTING ACTIVITIES (801) (26,972)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment of contingent consideration 0 (412)
Proceeds from issuance of construction financing liability 0 16,000
Payment on construction financing liability 0 (1,143)
Notes payable issued 0 3,000
Proceeds from the exercise of warrants 0 50
Proceeds from the exercise of stock options 0 33
Repayments of notes payable (6,634) (5,871)
Net cash (used in) provided by continuing financing activities (6,634) 11,657
Net cash (used in) provided by discontinued financing activities 0 0
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (6,634) 11,657
NET DECREASE IN CASH (11,506) (17,475)
CASH, BEGINNING OF PERIOD 14,271 22,435
CASH, END OF PERIOD 2,765 4,960
Non-cash investing and financing activities:    
Issuance of warrants for debt amendments 4,165 0
Exchange of convertible debt to equity 0 3,122
Issuance of equity for business combinations 0 24,445
Issuance of warrants for business acquisition 0 732
Issuance of equity for asset acquisition 447 2,100
Shares issued to settle payables 650 0
Termination of right-of-use assets and lease liabilities 0 2,020
Transfers of property and equipment from assets related to discontinued operations to continuing operations $ 5,498 $ 0