XML 21 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net Income (Loss) $ 3,305 $ 54,277
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 635 308
Amortization on right-of-use asset 301 281
Stock-based compensation 4,651 2,573
Realized loss of marketable securities 706 0
Amortization premium of marketable securities 285 0
Gain (loss) in fair value of derivatives (494) (596)
Change in fair value of common stock warrants liability (4,623) (17,029)
Gain in fair value of earnout liability (20,380) (48,414)
Change in fair value of incremental acquisition fee accrual 0 (150)
Changes in operating assets and liabilities:    
Receivables (9,748) (377)
Inventory (346) 0
Prepaid expenses and other current assets 72 1,038
Other long-term assets (12,144) 0
Accounts payable 2,111 2,157
Accrued expenses 49 2,476
Operating lease liability (354) (193)
Other liabilities, current 347 489
Other liabilities, long-term (7) 128
Net cash used in operating activities (35,634) (3,032)
Cash flows from investing activities    
Purchases of property, plant, and equipment, net of grants (72,284) (25,045)
Purchases of marketable securities (2,499,506) (1,655,200)
Sales of marketable securities 2,462,950 1,647,787
Maturities of marketable securities 101,792 71,168
Capitalized interest on plant construction 0 (47)
Net cash (used in) provided by investing activities (7,048) 38,663
Cash flows from financing activities    
Proceeds from exercise of stock options 55 268
Net cash provided by financing activities 55 268
Effects of foreign exchange rate changes on the balance of cash and cash equivalents, and restricted cash held in foreign currencies 292 (3,480)
Net (decrease) increase in cash and cash equivalents, and restricted cash (42,335) 32,419
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 66,013 79,546
Supplemental disclosure for non-cash transactions    
Operating lease right-of-use asset obtained in exchange for lease obligations 0 1,710
Stock-based compensation capitalized into property, plant, and equipment 1,282 467
Purchases of property, plant, and equipment included in accounts payable and accrued expenses and capitalized interest 7,474 0
Cash paid during the period:    
Income taxes payment $ 20 $ 0