Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net income (loss) $ (163,747) $ 12,786 $ 5,328
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 17,132 12,600 2,436
Bad debt expense, net of recoveries 1,737 1,428 580
Stock based compensation 4,967 6,585 7,856
Impairment loss 127,831 0 0
Provision for deferred income taxes (2,359) 1,609 750
Loss on disposal of fixed assets 568 198 0
Other 0 0 (127)
(Increase) decrease in:      
Accounts and notes receivable (3,106) (1,896) (3,837)
Inventory 32,890 (34,690) (19,188)
Prepaid expenses and other assets 10,827 (9,937) (9,236)
Increase (decrease) in:      
Accounts payable and accrued liabilities (3,359) 3,285 9,989
Operating leases 508 1,282 375
Customer deposits (8,590) 6,362 2,651
Payroll and payroll tax liabilities (2,769) 4,785 1,583
Sales taxes payable (582) 762 627
Net Cash and Cash Equivalents Provided By (Used In) Operating Activities 11,948 5,159 (213)
Cash Flows from Investing Activities:      
Assets acquired in business combinations, net of cash acquired (7,230) (80,784) (41,402)
Purchase of property and equipment (12,896) (18,740) (3,401)
Purchase of marketable securities (38,692) (75,000) 0
Maturities of marketable securities 46,633 35,207 0
Disposal of assets 612 0 0
Purchase of intangibles 0 0 (1,027)
Net Cash and Cash Equivalents (Used In) Investing Activities (11,573) (139,317) (45,830)
Cash Flows from Financing Activities:      
Principal payments on long term debt (108) (83) (111)
Payments to tax authorities for stock-based compensation (1,618) (4,391) (119)
Proceeds from the sales of common stock and exercise of warrants and options, net of expenses 33 2,092 211,206
Net Cash and Cash Equivalents (Used In) Provided by Financing Activities (1,693) (2,382) 210,976
Net Increase (decrease) in Cash and Cash Equivalents (1,318) (136,540) 164,933
Cash and Cash Equivalents at Beginning of year 41,372 177,912 12,979
Cash and Cash Equivalents at End of year 40,054 41,372 177,912
Supplemental Information:      
Common stock issued for intangible assets 173 168 0
Common stock issued for accrued payroll liability 0 0 718
Assets acquired by issuance of stock 5,710 37,272 39,282
Cash paid for interest 21 43 14
Right to use assets acquired under new operating leases 9,607 32,875 7,887
Cash paid for income taxes $ 0 $ 6,072 $ 3,156