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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net loss $ (34,174) $ (6,156)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 34 235
Inventory reserve 178 676
Depreciation and amortization 2,272 2,100
Stock-based compensation 2,689 927
Deferred taxes (1,125) (1,640)
Amortization of debt financing costs 159 89
Non-cash lease expense 256 60
Loss on disposal of property, plant and equipment 210 4
Goodwill Impairment 16,613 0
Other 0 (10)
Changes in operating assets and liabilities:    
Accounts receivable (949) (170)
Contract Assets (667) 0
Inventories (5,107) (1,497)
Income taxes receivable 1,068 226
Prepaid expenses and other current assets (1,083) (1,777)
Other non-current assets (996) (5)
Accounts payable 969 468
Accrued liabilities 343 553
Other (61) (70)
Cash used in operating activities (19,371) (5,987)
Investing activities:    
Purchase of property, plant and equipment (23,419) (12,465)
Proceeds from loan to related party 0 529
Proceeds on sales of short-term marketable securities 0 1,132
Proceeds from maturities of short-term marketable securities 0 695
Cash used in investing activities (23,419) (10,109)
Financing activities:    
Proceeds from long-term debt 5,135 11,890
Payment of debt issuance costs (151) (153)
Payment of exit fee costs (135) 0
Payment of costs related to initial public offering 0 (3,615)
Proceeds from initial public offering, net of underwriters’ commissions and discounts 0 102,672
Proceeds from exercise of stock options 134 0
Proceeds from issuance of common stock under employee stock purchase plan 144 0
Cash provided by financing activities 5,127 110,794
Change in cash and cash equivalents (37,663) 94,698
Cash and cash equivalents at beginning of period 87,518 3,315
Cash and cash equivalents at end of period 49,855 98,013
Supplemental cash flow disclosures:    
Income taxes paid 0 0
Interest paid 0 474
Capitalized property, plant and equipment included in accounts payable and accrued liabilities 3,108 1,608
Conversion of convertible and redeemable preferred stock 0 35,938
Accretion of convertible and redeemable preferred stock to redemption value 0 300
Recognition of operating right-of-use lease asset 20,318 0
Recognition of operating lease liabilities $ 20,587 $ 0