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Condensed Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows used in operating activities:      
Net (loss) income $ (7,382) $ 4,190  
Adjustments to reconcile net (loss) income to net cash used in operating activities:      
Depreciation and amortization 3,225 1,530  
Amortization of deferred charges 78 19  
Share of loss (income) from joint ventures 127 (3,229)  
Interest expense 741 537  
Interest income (3) (383)  
Interest paid on long-term debt (851) (538)  
Gain on settlement agreement   (4,681)  
Loss on disposal of assets   6  
Non-cash lease expense (128) (271)  
Interest paid on finance lease   (1)  
Share-based compensation 1,998 529  
Deferred income taxes (2,538) (468)  
Changes in non-cash working capital items (9,703) 2,225  
Net cash used in operating activities (14,436) (535)  
Cash flows used in investing activities:      
Purchases of property, plant and equipment (4,706) (259)  
Advances to joint ventures (5)    
Investment in joint ventures   (6,063)  
Investment in minority interests (500)    
Net cash used in investing activities (5,211) (6,322)  
Cash flows provided by financing activities:      
Proceeds from borrowings 4,176 2,000  
Repayments on borrowings (4,223) (875)  
Proceeds from issuance of common stock and warrants 135,000 7,957  
Issuance costs (7,511) (633)  
Proceeds from exercise of stock options 125    
Proceeds from exercise of warrants 17,663    
Payments on capital lease obligations (155) (21)  
Payment of note payable related to acquisition (15,498)    
Net cash provided by financing activities 129,577 8,428  
Effect of exchange rate changes on cash and cash equivalents 178 (2)  
Net increase in cash and cash equivalents 110,108 1,569  
Cash and cash equivalents, beginning of period 25,679 11,989 $ 11,989
Cash and cash equivalents, end of period $ 135,787 $ 13,558 $ 25,679