XML 22 R6.htm IDEA: XBRL DOCUMENT v3.24.1
Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net income (loss) $ (36,780) $ (47,468)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Bad debt expense 21 25
Inventory reserve 323 697
Depreciation and amortization 5,660 3,165
Stock-based compensation 4,137 3,711
Deferred taxes (304) (1,930)
Amortization of debt financing costs 498 278
Non-cash lease expense 137 329
Loss on disposal of property, plant, and equipment 57 326
Goodwill impairment 0 16,613
Tradename impairment 2,169 0
Long-lived assets impairment 2,195 4,188
Loss on extinguishment of debt 824 0
Changes in operating assets and liabilities:    
Accounts receivable 292 380
Inventories 330 (7,550)
Income taxes receivable 22 1,166
Prepaid expenses and other current assets 131 64
Other non-current assets 400 (2,072)
Accounts payable (773) 572
Accrued liabilities 1,936 188
Other (89) (82)
Cash used in operating activities (18,814) (27,400)
Investing activities:    
Proceeds from sale of property, plant, and equipment 197 0
Purchase of property, plant and equipment (7,934) (28,149)
Cash used in investing activities (7,737) (28,149)
Financing activities:    
Proceeds from equity financing, net 22,503 0
Repayment of long-term debt (10,000) 0
Proceeds from financed insurance premiums 1,004 0
Repayment of financed insurance premiums (594) 0
Proceeds from long-term debt 0 10,135
Payment of debt issuance costs (47) (172)
Payment of exit fee costs 0 (135)
Payment of at-the-market facility costs (395) 0
Proceeds from exercise of stock options 76 145
Proceeds from issuance of common stock under employee stock purchase plan 252 294
Cash provided by financing activities 12,799 10,267
Change in cash and cash equivalents (13,752) (45,282)
Cash and cash equivalents at beginning of period 42,236 87,518
Cash and cash equivalents at end of period 28,484 42,236
Supplemental cash flow disclosures:    
Income taxes paid 0 0
Interest paid, net of amounts capitalized 1,749 101
Capitalized property, plant and equipment included in accounts payable and accrued liabilities 51 2,237
Offering costs included in accounts payable 37 0
Recognition of operating right-of-use lease asset (1,137) 22,094
Recognition of operating lease liabilities $ (1,193) $ 22,363