Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (9,651) $ (4,866)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Unrealized loss on investments 1  
Gain on sale of assets and other (717) (8,401)
Depreciation and amortization 4,980 5,496
Amortization of operating lease right of use assets 704 484
Change in allowance for doubtful accounts 19 150
Non-cash interest income   (67)
Deferred tax (1,867) 784
Share-based compensation expense 107 293
Accretion (adjustment) of debt discount (34) 291
Loan receivable losses   388
Impairment loss and loss on disposal of assets 12 188
Inventory adjustments 13 225
Non-cash interest expense 4,030 2,037
Net change in working capital items:    
Trade receivables, net 123 419
Inventories (3,943) 6,779
Prepaid expenses and other current assets 366 (120)
Accounts payable and accrued liabilities 5,052 212
Income tax payable 208 497
Deferred revenue (1,842) (1,015)
Net cash (used in) provided by operating activities (2,439) 3,774
Cash flows from investing activities:    
Purchases of property, plant, and equipment (221) (125)
Proceeds from sale of property, plant and equipment   15,000
Repayment of loan receivable, net of advances 36 (2,059)
Net cash (used in) provided by investing activities (185) 12,816
Cash flows from financing activities:    
Payments on lease liability (901) (1,788)
Repayments on notes payable and Massachusetts Lease Liability   (10,325)
Repayments on Revolving Facility (25,067) (29,073)
Debt issuance costs   (1,029)
Proceeds from Revolving Facility 28,787 27,316
Net cash provided by (used in) financing activities 2,819 (14,899)
Effect of foreign exchange on cash and cash equivalents (8) (2)
Net change in cash and cash equivalents and restricted cash 187 1,689
Cash and cash equivalents and restricted cash, beginning of year 3,332 3,500
Cash and cash equivalents and restricted cash, end of year 3,519 5,189
Supplemental disclosures of non-cash investing and financing activities:    
Reclassification from accounts payable and accrued liabilities to notes payable related to 2023 New Notes (see Note 10)   8,260
Warrants issued related to 2023 Notes (equity classified)   5,106
Noteholder representative fee related to 2023 Refinanced Notes   1,620
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,501 2,962
Cash paid for income taxes 80  
OHIO    
Supplemental disclosures of non-cash investing and financing activities:    
Increases to right of use assets 80  
Increase to operating lease liability $ 80  
PENNSYLVANIA    
Supplemental disclosures of non-cash investing and financing activities:    
Increases to right of use assets   11,974
Increase to operating lease liability   $ 11,880