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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 9,769 $ 7,346
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 288 148
Amortization on right-of-use asset 157 121
Stock-based compensation 2,246 918
Realized loss of marketable securities 775 0
Change in fair value of derivatives (760) 834
Change in fair value of common stock warrants liability (6,766) 1,774
Change in fair value of earnout liability (12,872) (15,227)
Change in fair value of incremental acquisition fee accrual 0 (45)
Changes in operating assets and liabilities:    
Receivables (3,577) (179)
Inventory (328) 0
Prepaid expenses and other current assets (550) 1,215
Other long-term assets (7,913) (32)
Accounts payable (110) 637
Accrued expenses 117 1,495
Operating lease liabilities (175) (62)
Other liabilities, current 680 (290)
Other liabilities, long-term (48) 57
Net cash used in operating activities (19,067) (1,290)
Cash flows from investing activities    
Purchases of property, plant, and equipment, net of grants (40,963) (10,380)
Purchases of marketable securities (1,028,600) (1,255,027)
Sales of marketable securities 1,000,712 1,240,788
Maturities of marketable securities 67,021 37,732
Capitalized interest on plant construction   (20)
Net cash (used in) provided by investing activities (1,830) 13,093
Cash flows from financing activities    
Proceeds from Canadian Government Research and Development Program 10 0
Proceeds from exercise of stock options 23 34
Net cash provided by financing activities 33 34
Effects of foreign exchange rate changes on the balance of cash and cash equivalents, and restricted cash held in foreign currencies (40) (533)
Net (decrease) increase in cash and cash equivalents, and restricted cash (20,904) 11,304
Cash and cash equivalents, and restricted cash, beginning of the period 108,348 47,127
Cash and cash equivalents, and restricted cash, end of the period 87,444 58,431
Supplemental disclosure for non-cash transactions    
Operating lease right-of-use asset obtained in exchange for lease obligations 0 1,045
Stock-based compensation capitalized into property, plant, and equipment 669 276
Purchases of property, plant, and equipment included in accounts payable and accrued expenses and capitalized interest $ 12,005 $ 0