Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET LOSS $ (72,317) $ (16,669)
Less: Net income (loss) from discontinued operations 3,979 (1,663)
Net loss from continuing operations (76,295) (15,006)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for income taxes (2,136) 0
Bad debt expense 1,220 0
Depreciation and amortization 6,683 1,035
Gain on sale of assets 343 0
Gain on debt forgiveness 0 (86)
Gain on sale of investments 0 (5,337)
Amortization of operating lease right-of-use asset 1,127 385
Gain (loss) on extinguishment of debt (542) 6,161
Non-cash interest expense 676 30
Non-cash portion of severance expense 0 7,990
Stock-based compensation 3,868 1,198
Unrealized gain on investments (963) 0
Impairment of assets 55,726 0
Change in operating assets and liabilities:    
Accounts receivable 2,595 (813)
Inventory 1,131 72
Prepaid expenses and other current assets (1,958) (735)
Other assets (2,584) (127)
Accounts payable and accrued expenses 10,156 1,033
Operating lease liabilities 121 (240)
Net cash used in operating activities - continuing operations (833) (4,440)
Net cash used in operating activities - discontinued operations (489) (2,296)
NET CASH USED IN OPERATING ACTIVITIES (1,322) (6,736)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, equipment and leasehold improvements (2,129) (482)
Repayment of notes receivable 375 0
Proceeds from sale of investments 0 39,382
Proceeds from sales of assets 450 0
Net cash (used in) / provided by investing activities - continuing operations (1,304) 38,900
Net cash provided by investing activities - discontinued operations 20,709 4,822
NET CASH PROVIDED BY INVESTING ACTIVITIES 19,405 43,722
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable 0 3,500
Payments of debt principal (21,645) (1,012)
Cash paid for debt discount 0 (178)
Proceeds from issuance of common stock 4,375 0
Net cash (used in) / provided by financing activities - continuing operations (17,270) 2,310
NET CASH (USED IN) / PROVIDED BY FINANCING ACTIVITIES (17,270) 2,310
NET CHANGE IN CASH 814 39,296
Cash at beginning of period 6,891 217
Cash reclassified to discontinued operations (442) 0
CASH AT END OF PERIOD 7,263 39,513
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash paid for interest 1,558 430
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt principal and accrued interest converted into common stock 52 3,596
Net assets transferred to held for sale 1,328 0
Stock options exercised on a net share basis 0 2
Promissory note issued for severance $ 0 $ 2,100