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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss attributable to shareholders $ (74,880) $ (203,230)
Adjustment to reconcile net loss to net cash used in operating activities    
Stock-based compensation 4,798 5,667
Depreciation and amortization 2,568 5,151
(Gain) loss on debt extinguishment (68,478) 3,510
Loss from write-down of property, plant and equipment 336 6,196
Amortization of right-of-use assets 608 481
Change in fair value of debt - related party 240 0
Change in fair value of warrants 5,041 59,363
Change in fair value of derivatives - related parties 47,193 28,360
Other 3,264 640
Changes in operating assets and liabilities:    
Prepaid expenses (206) 939
Inventory (769) 6,630
Accounts receivable (1,174) 155
Vendor deposits 837 (5,423)
Contract assets (4,552) (106)
Grant receivable 1,763 (826)
Accounts payable 543 (16,196)
Accrued expenses (1,977) 5,184
Operating lease liabilities (711) (540)
Contract liabilities 2,592 (1,471)
Other 2,053 (1,030)
Net cash used in operating activities (66,807) (75,582)
Cash flows from investing activities    
Purchases of intangible assets (8) 0
Purchases of property, plant and equipment (10,291) (10,100)
Net cash used in investing activities (10,299) (10,100)
Cash flows from financing activities    
Principal payments on finance lease obligations (4) (15)
Proceeds from exercise of options 0 355
Proceeds from issuance of convertible notes - related party 0 48,050
Proceeds from Credit and Securities Purchase Transaction 70,075 0
Payment of equity issuance costs 0 (2,080)
Repayment of equipment financing facility (1,601) (1,381)
Proceeds from issuance of common stock 14,089 0
Proceeds from issuance of common stock and warrants - related party 0 49,250
Repurchase of shares from employees for income tax withholding purposes (351) (451)
Net cash provided by financing activities 50,024 92,612
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6) 3
Net decrease in cash, cash equivalents and restricted cash (27,088) 6,933
Cash, cash equivalents and restricted cash, beginning of the period 84,667 31,223
Cash, cash equivalents and restricted cash, end of the period 57,579 38,156
Non-cash investing and financing activities    
Accrued and unpaid capital expenditures 3,578 0
Issuance of convertible notes for interest paid in kind 5,783 4,915
Right-of-use operating lease assets in exchange for lease liabilities 0 363
Issuance of common stock upon settlement of Yorkville convertible notes 0 51,023
Accrued and unpaid capitalized internal-use software 0 130
Supplemental disclosures    
Cash paid for interest 4,131 7,434
Nonrelated Party    
Adjustment to reconcile net loss to net cash used in operating activities    
Non-cash interest expense 5,117 2,469
Cash flows from financing activities    
Payoff of Senior Secured Term Loan (19,946) 0
Related Party    
Adjustment to reconcile net loss to net cash used in operating activities    
Non-cash interest expense 8,987 28,495
Change in fair value of derivatives - related parties 47,193 28,360
Cash flows from financing activities    
Payment of debt issuance costs - related party $ (12,238) $ (1,116)