iAnthus Capital Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

Note 12 – Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

(a) Cash payments made on account of:


	Three Months Ended March 31,
	2024		2023
Income taxes (including interest and penalties)	$	958	$	49
Interest		47		32

(b) Changes in operating assets and liabilities are comprised of the following:


	Three Months Ended March 31,
	2024		2023
Decrease (increase) in:
Accounts receivables, net	$	(2,157)	$	384
Prepaid expenses		(503)		(576)
Inventories, net		642		(2,784)
Other current assets		21		5
Other long-term assets		(22)		(32)
Operating leases		(370)		(359)
(Decrease) increase in:
Accounts payable		(154)		1,025
Accrued and other current liabilities		258		4,870
Uncertain tax position liabilities		5,220		—
	$	2,935	$	2,533


	Three Months Ended March 31,
	2024		2023
Property, plant and equipment	$	2,397	$	2,977
Operating lease ROU assets		487		537
Intangible assets		3,487		3,477
	$	6,371	$	6,991

(d) Write-downs, (recoveries) and other charges, net are comprised of the following:


	Three Months Ended March 31,
	2024		2023
Account receivable	$	213	$	(1)
Share issuance		320		—
Operating lease ROU assets		(136)		—
Property, plant and equipment		—		517
	$	397	$	516

(e) Significant non-cash investing and financing activities are as follows:


	Three Months Ended March 31,
	2024		2023
Supplemental Cash Flow Information:
Non-cash consideration for paid-in-kind interest	$	3,546	$	3,384
Non-cash issuance of shares from Senior Secured Bridge Notes Amendment		1,581		—
Assets classified as assets held for sale		1,292		1,711
Non-cash issuance of shares from Hi-Med settlement agreement		320		—
Non-cash issuance of Senior Secured Bridge Notes		14,346		—
Non-cash extinguishment of Senior Secured Bridge Notes		(15,813)		—

Cash and Restricted Cash

For purposes of the unaudited interim condensed consolidated balance sheets and the statements of cash flows, cash and restricted cash are held primarily in U.S. dollars.

Restricted cash balances are those which meet the definition of cash and cash equivalents but are not available for use by the Company. As of March 31, 2024, the Company held $0.1 million as restricted cash (December 31, 2023—less than $0.1 million).

The following table provides a reconciliation of cash and restricted cash reported on the unaudited interim condensed consolidated balance sheets to such amounts presented in the statements of cash flows:



	March 31, 2024		December 31, 2023
Cash	$	13,620	$	13,104
Restricted cash		108		71
Total cash and restricted cash presented in the statements of cash flows	$	13,728	$	13,175