v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,598) $ (11,696)
Less: Net income (loss) from discontinued operations 2,040 438
Net income (loss) from continuing operations (10,638) (12,134)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for income taxes for continuing operations (1,688) 0
Bad debt expense 1,220 0
Depreciation and amortization 3,289 529
Gain on sale of assets (198) 0
Gain on debt forgiveness 0 (86)
Gain on sale of investments 0 (6,212)
Amortization of operating lease right-of-use asset 580 195
Loss (gain) on extinguishment of debt (542) 6,161
Non-cash interest expense 346 27
Non-cash portion of severance expense 0 7,990
Stock-based compensation 2,187 398
Change in operating assets and liabilities:    
Accounts receivable (570) (148)
Inventory (544) 299
Prepaid expenses and other current assets (922) (290)
Other assets (638) (23)
Accounts payable and accrued expenses 5,707 882
Operating lease liabilities (624) (133)
Net cash provided by / (used in) operating activities - continuing operations (3,035) (2,545)
Net cash provided by / (used in) operating activities - discontinued operations (62) (366)
NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES (3,097) (2,911)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, equipment and leasehold improvements (926) (50)
Repayment of notes receivable 375 0
Proceeds from sales of assets 450 0
Net cash provided by / (used in) investing activities - continuing operations (101) (50)
Net cash provided by / (used in) investing activities - discontinued operations 14,209 0
NET CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES 14,108 (50)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable 0 3,500
Payments of debt principal (18,611) (6)
Cash paid for debt discount 0 (178)
Proceeds from issuance of common stock 4,375 0
Net cash provided by / (used in) financing activities - continuing operations (14,236) 3,316
NET CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES (14,236) 3,316
NET CHANGE IN CASH (3,225) 355
Cash at beginning of period 6,891 217
CASH AT END OF PERIOD 3,666 572
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash paid for interest 1,445 182
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt principal and accrued interest converted into common stock 52 3,596
Stock options exercised on a net share basis 0 1
Promissory note issued for severance $ 0 $ 2,100

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