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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net (loss) income $ (83,697,000) $ 23,798,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 10,715,000 3,363,000
Provision for credit losses 1,230,000 0
Stock-based compensation 10,080,000 9,400,000
Loss on reserves 639,000 0
Impairment of assets 15,246,000 0
Realized loss (gain) on marketable securities 946,000 (1,018,000)
Amortization of premium and discount of marketable securities, net (190,000) 3,750,000
Change in fair value of derivative (290,000) (69,000)
Change in fair value of common stock warrants liability 3,225,000 (29,531,000)
Change in fair value of earnout liability 703,000 (40,983,000)
Deferred tax provision (benefit) 640,000 (1,246,000)
Other non-cash expenses 518,000 615,000
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (3,359,000) (15,230,000)
Inventory 46,000 (912,000)
Prepaid expenses and other current assets 2,397,000 (4,994,000)
Other long-term assets (4,750,000) (12,761,000)
Accounts payable 373,000 909,000
Accrued expenses (3,590,000) 4,985,000
Operating lease liability (350,000) (534,000)
Other liabilities, current (1,362,000) 65,000
Other liabilities, long-term 0 38,000
Net cash used in operating activities (50,830,000) (60,355,000)
Cash flows from investing activities    
License prepayment within other long-term assets 0 (7,913,000)
Purchases of property, plant, and equipment (8,953,000) (102,188,000)
Purchases of marketable securities (1,817,317,000) (3,626,305,000)
Sales of marketable securities 1,751,508,000 3,605,216,000
Maturities of marketable securities 103,321,000 157,422,000
Net cash provided by investing activities 28,559,000 26,232,000
Cash flows from financing activities    
Payment of notes payable (4,793,000) 0
Proceeds from Canadian Government Research and Development Program 8,097,000 0
Proceeds from exercise of stock options 252,000 146,000
Net cash provided by financing activities 3,556,000 146,000
Effects of foreign exchange rate changes on the balance of cash and cash equivalents, and restricted cash (480,000) 1,131,000
Net decrease in cash, cash equivalents and restricted cash (19,195,000) (32,846,000)
Cash, cash equivalents and restricted cash, beginning of the year 75,502,000 108,348,000
Cash and cash equivalents at end of the year 56,307,000 75,502,000
Non-cash investing and financing activities    
Purchases of fixed assets included in accounts payable and accrued expenses 1,308,000 1,939,000
Stock-based compensation capitalized into property, plant, and equipment 0 2,236,000
Accrued interest capitalized into property, plant, and equipment 0 367,000
Cash paid during the year    
Income taxes payment 23,000 129,000
Interest payment $ 1,708,000 $ 0