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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash flows from operating activities      
Net loss $ (27,793) $ (7,442)  
Adjustments to reconcile net income (loss) to cash used in operating activities:      
Stock-based compensation 4,610 449  
Depreciation 121 9  
Amortization of debt issuance cost 173 0  
Loss from unconsolidated subsidiary 0 218  
Gain from disposal of investment in unconsolidated subsidiary (337) 0  
(Gain) loss on extinguishment of debt 0 (790)  
Warranty provision 516 1,554  
Warranty recoverable from manufacturer (205) 328  
Bad debt expense (credit) (30) 58  
Deferred income taxes 0 (20)  
Lease expense and other non-cash items 198 0  
Impact on cash from changes in operating assets and liabilities:      
Accounts receivable, net (24,652) (20,230)  
Inventories (58) (2,587)  
Prepaid and other current assets 3,440 216  
Other assets (40) (3,649)  
Accounts payable 7,258 12,913  
Accruals and other current liabilities (17,044) 8,360  
Accrued interest – related party debt 0 (207)  
Deferred revenue 1,679 (14,797)  
Other non-current liabilities (752) (206)  
Lease payments and other, net (190) (81)  
Net cash used in operating activities (53,106) (25,904) $ (132,900)
Cash flows from investing activities:      
Purchases of property and equipment (523) (85)  
Proceeds from disposal of investment in unconsolidated subsidiary 337 0  
Net cash used in investing activities: (186) (85)  
Cash flows from financing activities:      
Repayments of borrowings 0 (1,000)  
Offering costs paid 0 (1,084)  
Proceeds from stock issuance 0 39  
Proceeds from stock option exercises 428 0  
Net cash provided by (used in) financing activities 428 (2,045)  
Effect of exchange rate changes on cash and restricted cash 62 1  
Net decrease in cash, cash equivalents and restricted cash (52,802) (28,033)  
Cash, cash equivalents and restricted cash at beginning of period 102,185 33,373 33,373
Cash, cash equivalents and restricted cash at end of period 49,383 5,340 $ 102,185
Supplemental disclosures of cash flow information:      
Purchases of property and equipment included in ending accounts payable and accruals 59 67  
Increase in offering costs in period end accruals 0 2,019  
Commencement of new operating leases 0 246  
Cash paid during the period for third party interest 128 40  
Cash paid during the period for related party interest 0 207  
Cash paid during the period for taxes $ 7 $ 0