Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

v3.24.2.u1
Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information
 6 Months Ended
Jun. 30, 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:

 

 

Six Months Ended June 30,

 

2024

 

2023

Income taxes (including interest and penalties)

$

1,740

 

$

2,108

Interest

 

527

 

 

59

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

 

 

Six Months Ended June 30,

 

2024

 

2023

Decrease (increase) in:

 

 

 

Accounts receivables, net

$

(2,465)

 

$

(165)

Prepaid expenses

 

294

 

 

(733)

Inventories, net

 

(1,211)

 

 

(4,102)

Other current assets

 

(411)

 

 

9

Other long-term assets

 

(440)

 

 

(56)

Operating leases

 

(876)

 

 

(732)

(Decrease) increase in:

 

 

 

 

 

Accounts payable

 

990

 

 

5,068

Accrued and other current liabilities

 

(10,690)

 

 

11,553

Uncertain tax position liabilities

 

21,137

 

 

—

$

6,328

 

$

10,842

(c) Depreciation and amortization are comprised of the following:

 

 

Six Months Ended June 30,

 

2024

 

2023

Property, plant and equipment

$

4,610

 

$

5,791

Operating lease ROU assets

 

987

 

 

1,052

Intangible assets

 

6,978

 

 

6,957

$

12,575

 

$

13,800

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

 

 

Six Months Ended June 30,

 

2024

 

2023

Account receivable

$

521

 

$

4

Share issuance

 

320

 

 

—

Operating lease ROU assets

 

(136)

 

 

—

Property, plant and equipment

 

(2)

 

 

20

$

703

 

$

24

 

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

 

 

Six Months Ended June 30,

 

2024

 

2023

Supplemental Cash Flow Information:

 

 

 

 

Non-cash consideration for paid-in-kind interest

$

6,920

 

$

6,924

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

 

14,345

 

 

—

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 June 30, 2024, the Company held $0.4 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:

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

December 31, 2023

Cash

 

$

16,548

 

$

13,104

Restricted cash

 

 

393

 

 

71

Total cash and restricted cash presented in the statements of cash flows

 

$

16,941

 

$

13,175