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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (9,172) $ (23,170)
Adjustments to reconcile net loss to net cash used in operating activities:    
Allowance of bad debt 0 (3)
Inventory reserve adjustment 1,872 1,607
Depreciation and amortization 5,725 4,995
Amortization of debt issuance costs and premium 296 315
Amortization of convertible notes premium (508) 0
Gain (loss) on disposal of assets 8 1
Share-based compensation 2,562 2,839
Unrealized foreign exchange (gain) 250 424
Changes in operating assets and liabilities:    
Accounts receivable, trade (54,300) (9,402)
Trade Notes receivable 0 (133)
Inventories (16,194) 7,291
Other current assets 244 1,215
Operating right of use asset 314 296
Accounts payable 19,896 (9,253)
Accrued liabilities (1,569) (5,071)
Unearned revenue 0 (114)
Lease liability (339) (318)
Net cash used in operating activities (50,915) (28,481)
Investing activities:    
Purchase of property, plant and equipment (28,389) (5,761)
Deposits and prepaid for equipment (7,847) (2,190)
Purchase of intangible assets (65) (121)
Net cash used in investing activities (36,301) (8,072)
Financing activities:    
Principal payments of long-term debt and notes payable (55) (251)
Proceeds from line of credit borrowings 6,546 7,997
Repayments of line of credit borrowings (11,143) (7,027)
Proceeds from bank acceptance payable 23,865 10,175
Repayments of bank acceptance payable (19,178) (14,912)
Principal payment on long term debt 0 (214)
Payments of tax withholding on behalf of employees related to share-based compensation (1,686) (1,011)
Proceeds from common stock offering, net 71,665 3,826
Net cash provided by financing activities 70,014 (1,417)
Effect of exchange rate changes on cash 4,880 278
Net decrease in cash, cash equivalents and restricted cash (12,322) (37,692)
Cash, cash equivalents and restricted cash at beginning of period 79,133 55,097
Cash, cash equivalents and restricted cash at end of period 66,811 17,405
Supplemental disclosure of cash flow information:    
Interest, net of amounts capitalized 109 55
Non-cash investing and financing activities:    
Net change in accounts payable related to property and equipment additions 809 (622)
Net change in deposits and prepaid for equipment related to property and equipment additions (864) 5
Warrant issued and vested to customer $ 16,739 $ 0