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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 23,798 $ 78,569
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 3,363 711
Amortization on right-of-use asset 615 582
Stock-based compensation 9,400 7,235
Realized gain on marketable securities (1,018) 0
Amortization of premium and discount of marketable securities, net 3,750 0
Change in fair value of derivative (69) 443
Change in fair value of common stock warrants liability (29,531) (21,988)
Change in fair value of earnout liability (40,983) (85,437)
Deferred tax benefits (1,246) 0
Changes in operating assets and liabilities:    
Accounts and other receivables (15,230) (1,734)
Inventory (912) 0
Prepaid expenses and other current assets (4,994) 432
Other long-term assets (12,761) (5,017)
Accounts payable 909 26
Accrued expenses 4,985 485
Operating lease liability (534) (572)
Other liabilities, current 65 (329)
Other liabilities, long-term 38 502
Net cash used in operating activities (60,355) (26,092)
Cash flows from investing activities    
License prepayment within other long-term assets (7,913) 0
Purchases of property, plant, and equipment (102,188) (83,691)
Purchases of marketable securities (3,626,305) (3,823,407)
Sales of marketable securities 3,605,216 3,815,859
Maturities of marketable securities 157,422 180,331
Capitalized interest on plant construction 0 (245)
Net cash provided by investing activities 26,232 88,847
Cash flows from financing activities    
Proceeds from Canadian Government Research and Development Program 0 849
Proceeds from exercise of stock options 146 399
Net cash provided by financing activities 146 1,248
Effects of foreign exchange rate changes on the balance of cash and cash equivalents, and restricted cash held in foreign currencies 1,131 (2,782)
Net (decrease) increase in cash and cash equivalents, and restricted cash (32,846) 61,221
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 75,502 108,348
Supplemental disclosure of cash flow information    
Operating lease ROU assets obtained in exchange for lease obligations 2,308 1,687
Stock-based compensation capitalized into property, plant, and equipment 2,236 1,894
Purchases of fixed assets included in accounts payable and accrued expenses 1,939 17,085
Accrued interest capitalized into property, plant, and equipment 367 0
Cash paid during the period:    
Income taxes payment $ 129 $ 0