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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities              
Net loss $ (25,683) $ (27,793) $ (52,350) $ (7,442) $ (53,476) $ (59,792)  
Adjustments to reconcile net loss to cash used in operating activities:              
Stock-based compensation         5,608 53,150  
Depreciation         265 42  
Loss from sale of property and equipment         111 0  
Amortization of debt issuance cost         349 0  
Provision for obsolete and slow-moving inventory         12 0  
Loss from unconsolidated subsidiary         0 354  
Gain from disposal of investment in unconsolidated subsidiary 0   (20,619)   (337) (20,619)  
Gain on extinguishment of debt 0   0   0 (790)  
Warranty provision         4,184 1,627  
Warranty recoverable from manufacturer         (181) (511)  
Bad debt expense         1,147 23  
Lease expense and other non-cash items         384 0  
Impact on cash from changes in operating assets and liabilities:              
Accounts receivable, net         30,397 (23,270)  
Inventories         (4,829) (6,123)  
Prepaid and other current assets         3,586 (23,892)  
Other assets         (384) 678  
Accounts payable         (3,943) 9,719  
Accruals and other current liabilities         (22,127) 190  
Accrued interest – related party debt         0 (207)  
Deferred revenue         5,460 (14,779)  
Other non-current liabilities         (2,334) 224  
Lease payments and other, net         (290) (319)  
Net cash used in operating activities         (36,398) (84,295) $ (132,900)
Cash flows from investing activities:              
Purchases of property and equipment         (683) (293)  
Proceeds from sale of property and equipment         53 0  
Acquisitions, net of cash acquired         18 0  
Proceeds from disposal of investment in unconsolidated subsidiary         337 22,122  
Net cash provided by (used in) investing activities         (275) 21,829  
Cash flows from financing activities:              
Repayments of borrowings         0 (1,000)  
Repurchase and retirement of common stock held by related parties         0 (54,155)  
Offering costs paid         0 (5,334)  
Deferred financing costs for revolving credit facility         0 (1,959)  
Proceeds from stock issuance         0 241,207  
Proceeds from stock option exercises         514 0  
Net cash provided by financing activities         514 178,759  
Effect of exchange rate changes on cash, cash equivalents and restricted cash         (1) 6  
Net increases (decrease) in cash, cash equivalents and restricted cash         (36,160) 116,299  
Cash, cash equivalents and restricted cash at beginning of period   $ 102,185   $ 33,373 102,185 33,373 33,373
Cash, cash equivalents and restricted cash at end of period $ 66,025   $ 149,672   66,025 149,672 $ 102,185
Supplemental disclosures of cash flow information:              
Purchases of property and equipment included in ending accounts payable and accruals         78 154  
HX Tracker purchase price included in ending accruals         4,347  
Offering costs in period end accruals         0 619  
Commencement of new operating leases         0 639  
Cash paid during the period for third party interest         403 247  
Cash paid during the period for taxes         $ 146 $ 0