XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss and comprehensive loss $ (10,691,000) $ (5,912,000)
us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract    
Depreciation 329,000 121,000
Amortization of debt discount and issuance costs 194,000 568,000
Amortization of right-of-use asset 29,000 6,000
Interest expense added to loan principal 166,000 0
Interest expense added to lease liability 500,000 442,000
Unrealized gain on derivative liability (130,000) 0
Loss on early extinguishment of debt 5,331,000 0
Loss on equity method investments 0 134,000
Compensation charge for stock and share option awards 326,000 433,000
Changes in operating assets and liabilities:    
Accounts receivable 229,000 146,000
Prepaid expenses and other current assets (994,000) (102,000)
Other assets 29,000 (271,000)
Accounts payable 523,000 664,000
Lease liabilities (26,000) (246,000)
Other accrued liabilities 116,000 795,000
Net cash used in operating activities (4,069,000) (3,222,000)
Cash flows from investing activities:    
Additions to property, plant and equipment and water programs (2,206,000) (530,000)
Contributions to equity-method investments 0 (100,000)
Net cash used in investing activities (2,206,000) (630,000)
Cash flows from financing activities:    
Net proceeds from issuance of stock 38,490,000 11,741,000
Dividend payments (1,288,000) (1,288,000)
Principal payments on long-term debt (15,047,000) (35,000)
Issuance costs of long-term debt (27,000) 0
Costs for early extinguishment of debt (600,000) 0
Taxes paid related to net share settlement of equity awards (261,000) 0
Net cash provided by financing activities 21,267,000 10,418,000
Net increase in cash, cash equivalents and restricted cash 14,992,000 6,566,000
Cash, cash equivalents and restricted cash, beginning of period 13,782,000 19,856,000
Cash, cash equivalents and restricted cash, end of period $ 28,774,000 $ 26,422,000