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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ 41,227 $ 6,679
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 404 245
Amortization 145 141
Allowance for credit losses 837 455
Amortization of deferred other costs 3,531 0
Inventory excess and obsolescence 1,672 2,596
Share-based payment expense 5,507 4,310
Deferred income taxes 2,873 2,561
Foreign exchange loss 69 85
Changes in operating assets and liabilities:    
Accounts receivable-net (109,639) (34,420)
Inventory-net 17,338 4,531
Prepaid expenses and other current assets (4,166) 3,513
Accounts payable and accrued expenses 182 5,552
Accrued promotional allowance 32,248 12,190
Accrued distributor termination fees (2,923) 0
Other current liabilities 1,508 765
Change in right of use and lease obligation-net (15) (78)
Deferred revenue (4,625) 0
Other assets (4) 0
Net cash (used in) provided by operating activities (13,831) 9,125
Cash flows from investing activities:    
Proceeds from note receivable 3,233 0
Purchase of property and equipment (2,253) (742)
Net cash provided by (used in) investing activities 980 (742)
Cash flows from financing activities:    
Principal payments on finance lease obligations (11) (20)
Proceeds from exercise of stock options 478 810
Dividends paid on preferred shares (6,781) 0
Net cash (used in) provided by financing activities (6,314) 790
Effect on exchange rate changes on cash and cash equivalents (181) 104
Net (decrease) increase in cash, cash equivalents and restricted cash (19,346) 9,277
Cash, cash equivalents and restricted cash at beginning of the period 652,927 16,255
Cash, cash equivalents and restricted cash at end of the period 633,581 25,532
Supplemental cash flow disclosures:    
Taxes 408 0
Interest $ 0 $ 2