Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.21.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 6,147 $ (2,094)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,054 359
Stock-based compensation expense 1,327 4,115
Bad debt expense, net of recoveries (184) 21
Deferred taxes 384  
(Increase) decrease in:    
Accounts and notes receivable (1,165) (141)
Inventory (16,716) (4,960)
Prepaid expenses and other assets (8,175) (1,824)
Increase (decrease) in:    
Accounts payable and accrued liabilities 10,613 3,174
Operating leases (87) 122
Payroll and payroll tax liabilities 261 707
Income taxes payable 455  
Customer deposits 4,615 1,051
Sales tax payable 1,213 222
Net cash provided by operating activities 742 752
Cash flows from investing activities:    
Assets acquired in business combinations (39,307) (1,750)
Purchase of marketable securities (41,077)  
Purchase of furniture and equipment (1,679) (652)
Purchase of intangibles (681) (359)
Net cash used in investing activities (82,774) (2,761)
Cash flows from financing activities:    
Principal payments on long term debt (27) (39)
Common stock redeemed (3,954)  
Proceeds from the sale of common stock and exercise of warrants, net of expenses 113 510
Net cash provided by (used in) financing activities (3,868) 471
Net decrease in cash (85,870) (1,538)
Cash at the beginning of period 177,912 12,979
Cash at the end of period 92,042 11,441
Supplemental disclosures of non-cash activities:    
Cash paid for interest 2 7
Common stock issued for business combination 29,249 1,203
Right to use assets acquired under new operating leases $ 3,220 $ 192