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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ (187,282) $ 3,937 $ 8,524
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,362 550 127
Amortization 555 714 1,484
Impairment of intangible assets 2,379 0 0
Bad debt expense 2,352 1,494 257
Amortization of deferred other costs 5,885 0 0
Inventory excess and obsolescence 6,131 2,355 748
Share-based payment expense 20,665 36,475 6,340
Foreign exchange loss (gain) 483 880 (323)
Gain on lease cancellations 0 (28) (152)
Changes in operating assets and liabilities:      
Accounts receivable-net (26,369) (25,249) (7,469)
Inventory-net 11,802 (175,174) (3,859)
Prepaid expenses and other current assets 2,214 1,072 (10,457)
Accounts payable and accrued expenses 34,908 51,807 4,743
Accrued promotional allowance 16,940 13,379 3,377
Accrued distributor termination fees 3,986 0 0
Deferred income taxes 20,244 (9,201) 0
Other assets 37 0 0
Other current liabilities 2,610 374 (96)
Change in right of use and lease obligation-net (183) 29 151
Deferred revenue 189,463 0 0
Net cash provided by (used in) operating activities 108,182 (96,586) 3,395
Cash flows from investing activities:      
Proceeds from note receivable 2,592 1,886 1,331
Purchase of property and equipment (8,264) (3,150) (574)
Net cash (used in) provided by in investing activities (5,672) (1,264) 757
Cash flows from financing activities:      
Payments on bonds payable 0 0 (9,602)
Principal payments on finance lease obligations (63) (94) (280)
Proceeds from exercise of stock options 3,683 3,720 4,127
Cash paid on taxes on restricted stock awards 0 0 (657)
Proceeds from issuance of Series A preferred shares, net of issuance costs 542,018 0 0
Dividends paid on preferred shares (11,526) 0 0
Net proceeds from collection of section 16b short swing profit 0 0 91
Net proceeds from sale of common stock 0 67,769 21,892
Net cash provided by financing activities 534,112 71,395 15,571
Effect on exchange rate changes on cash and cash equivalents 50 (538) 434
Net increase (decrease) in cash, cash equivalents and restricted cash 636,672 (26,993) 20,157
Cash, cash equivalents and restricted cash at beginning of the period 16,255 43,248 23,091
Cash, cash equivalents and restricted cash at end of the period 652,927 16,255 43,248
Supplemental disclosures:      
Taxes 14,335 0 0
Interest 0 7 448
Goodwill 0 0 396
Other liabilities $ 0 $ 0 $ (396)