Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flow from Operating Activities:    
Net loss $ (16,140) $ (13,765)
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 896 795
Amortization of debt discount and debt issuance cost 1,681 161
Inventory write-down 845 168
Restructuring and related costs 3,919 0
(Gain) loss on remeasurement of warrant liability (490) 4,851
Non-cash lease expense 137 0
Foreign exchange loss 345 759
Stock-based compensation expense 500 1,550
Loss on equity method investment 64 11
Loss on debt extinguishment 2,263 0
Other non-cash expense, net 281 269
Changes in operating assets and liabilities:    
(Increase) in accounts receivable (359) (61)
(Increase) in prepaid expenses (1,578) (160)
(Increase) in other receivables and other non-current assets (150) (253)
(Increase) in inventory (1,667) (1,533)
(Decrease) increase in accounts payable and other current liabilities (830) (2,417)
(Decrease) increase in accrued and other non-current liabilities (88) (1,002)
Net cash used in operating activities (10,371) (10,627)
Cash Flow from Investing Activities:    
Purchase of property, plant and equipment (1,215) (2,216)
Net cash used in investing activities (1,215) (2,216)
Cash Flow from Financing Activities:    
Repayment of debt (3,554) 0
Other borrowings 0 1,223
Proceeds from issuance of shares 23,400 0
Equity issuance costs (1,177) 0
Proceeds from exercise of warrants 0 1,410
Stock option exercise 22 0
Net cash provided by financing activities 18,691 2,633
Effect of exchange rate changes on cash, cash equivalents & restricted cash (22) (75)
Increase (Decrease) in cash, cash equivalents & restricted cash [1] 7,083 (10,285)
Cash, cash equivalents & restricted cash, beginning of period [1] 37,699 79,460
Cash, cash equivalents & restricted cash, end of period [1] 44,782 69,175
Supplemental schedule of cash flow information:    
Cash paid for interest 375 548
Supplemental disclosures for non-cash financing activity:    
Right-of-use assets recognized 4,023 0
Conversions of debt to commons shares 1,324 0
Beneficial conversion feature $ 1,749 $ 0
[1] These amounts include restricted cash of $467 and $451 as of March 31, 2022 and March 31, 2021, respectively, which are comprised primarily of cash on deposits for certain lease arrangements.