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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (6,346) $ (21,799)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 433 308
Gain on sale of equipment (246)
Amortization of debt financing costs 454 304
Impairment of inventory 1,342 2,971
Stock-based compensation 2,316 875
Change in fair value of warrant liabilities 13,185
Changes in operating assets and liabilities:    
Accounts receivable (7,717) (1,472)
Inventory (721,979) 214,080
Prepaid expenses and other assets (7,174) (555)
Accounts payable 3,857 439
Accrued liabilities 17,063 685
Net cash (used in) provided by operating activities (704,812) 195,836
Cash flows from investing activities:    
Purchases of property and equipment (13,609) (67)
Proceeds from sales of property and equipment 2,032
Net cash used in investing activities (11,577) (67)
Cash flows from financing activities:    
Proceeds from Business Combination 284,011 0
Issuance cost of common stock (51,249)
Borrowings from credit facilities and notes payable 1,702,702 556,627
Repayments of credit facilities and notes payable (1,130,563) (772,021)
Payment of debt financing costs (3,229) (598)
Proceeds from issuance of Class C preferred stock, net 29,823
Proceeds from exercise of stock options 633
Net cash provided by (used in) financing activities 802,305 (186,169)
Net change in cash, cash equivalents and restricted cash 85,916 9,600
Cash, cash equivalents and restricted cash, beginning of period 50,742 29,883
Cash, cash equivalents and restricted cash, end of period 136,658 39,483
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheet:    
Cash and cash equivalents 116,634 35,948
Restricted cash 20,024 3,535
Total cash, cash equivalents and restricted cash 136,658 39,483
Supplemental disclosure of cash flow information:    
Cash payments for interest 9,630 11,890
Supplemental disclosure of non-cash investing and financing activities:    
Transfer of property and equipment, net to inventory 10,065
Acquisition of warrant liabilities 26,525
Conversion of Stock, Amount Converted 184,123
Preferred Stock to Common Stock    
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of Stock, Amount Converted (184,123)  
Treasury Stock    
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of Stock, Amount Converted $ 10,650