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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss $ (1,986) $ (20,208)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,269 3,015
Deferred income taxes   94
Stock-based compensation expense 3,831 5,121
Loss on disposal of property and equipment and intangibles 3  
Change in fair value of earn-out liability 1,230 7,550
Changes in assets and liabilities, net of acquisition:    
Accounts receivable 8,273 321
Net investment in leases 2,911 (864)
Inventories 2,809 (753)
Income taxes (3,967) (55)
Prepaid expenses and other assets (697) 1,925
Right of use operating lease assets 50 106
Accounts receivable, non-current 7,631 (2,496)
Accounts payable (696) 4,087
Accrued payroll and related taxes (3,300) 5
Accrued expenses and other liabilities (5,954) 1,252
Net cash provided by (used in) operating activities 13,407 (900)
Cash flows from investing activities    
Purchases of property and equipment (1,043) (331)
Intangible assets expenditures (99) (85)
Net cash used in investing activities (1,142) (416)
Cash flows from financing activities    
Payment on earn-out (5,000)  
Payments on note payable (1,500) (4,500)
Payments of deferred debt issuance costs   (39)
Proceeds from exercise of common stock options 11 152
Proceeds from the issuance of common stock from the employee stock purchase plan 882 824
Proceeds from issuance of common stock at market 34,625  
Net cash provided by (used in) financing activities 29,018 (3,563)
Net increase (decrease) in cash and cash equivalents 41,283 (4,879)
Cash and cash equivalents - beginning of period 21,929 28,229
Cash and cash equivalents - end of period 63,212 23,350
Supplemental cash flow disclosure    
Cash paid for interest 1,925 448
Cash paid for taxes 2,415 $ 28
Capital expenditures incurred but not yet paid $ 8