Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

v3.22.2.2
Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information
 9 Months Ended
Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract]  
Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information
Note 13 – Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information
(a) Cash payments made on account of:
 
    
Nine Months Ended September 30,
  
    
2022
     
2021
  
Income taxes
    $ 2,408      $ 1,560  
Interest
      71        71  
(b) Changes in other
non-cash
operating assets and liabilities are comprised of the following:
 
    
Nine Months Ended September 30,
  
    
2022
     
2021
  
Decrease (increase) in:
                  
Accounts receivables
    $ 154      $ (4 ) 
Prepaid expenses
      (312 )       461  
Inventories
      (672 )       (4,534 ) 
Other current assets
      586        (548 ) 
Other long-term assets
      (10 )       537  
Operating leases
      (969 )       (1,087 ) 
(Decrease) increase in:
                  
Accounts payable
      (2,325 )       1,087  
Accrued and other current liabilities
      18,794        17,619  
    
 
 
     
 
 
  
    
$
15,246
 
   
$
13,531
 
    
 
 
     
 
 
  
(c) Depreciation and amortization are comprised of the following:
 
    
Nine Months Ended September 30,
  
    
2022
     
2021
  
Property, plant and equipment
    $ 10,800      $ 10,135  
Operating lease
right-of-use
assets
      1,748        1,567  
Intangible assets
      12,240        11,564  
    
 
 
     
 
 
  
    
$
24,788
 
   
$
23,266
 
    
 
 
     
 
 
  
(d) Write-downs (recoveries) and other charges, net are comprised of the following:
 
    
Nine Months Ended September 30,
  
    
2022
     
2021
  
Account receivable recoveries
    $ (16 )     $ (72 ) 
Operating lease liabilities
      (354 )          
Operating lease
right-of-use
assets
      (29 )       258  
Property, plant and equipment
      (529 )       —    
    
 
 
     
 
 
  
    
$
(928
) 
   
$
186
 
    
 
 
     
 
 
  
(e) Significant
non-cash
investing and financing activities are as follows:
 
    
Nine Months Ended September 30,
  
    
2022
     
2021
  
Supplemental Cash Flow Information:
                  
Non-cash
consideration for
paid-in-kind
interest
      4,949        1,996  
Non-cash
consideration for asset acquisition
      19,193        —    
Shares issued to settle MPX purchase options assumed from the MPX Acquisition
      1,500           
Non-cash
issuance of shares from consummation of the Recapitalization Transaction
      455,443        —    
Non-cash
debt extinguishment from the consummation of the Recapitalization Transaction
      (238,269 )       —    
Non-cash
issuance of June Secured Debentures and June Unsecured Debentures from the consummation of the Recapitalization Transaction
      99,402        —    
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 September 30, 2022, the Company held less than $0.1 million as restricted cash from certain bank deposits used for credit card processing (December 31, 2021—$3.3 million of funds held in escrow from the Senior Secured Bridge Notes).
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:
 
    
September 30,
     
December 31,
  
    
2022
     
2021
  
Cash
    $ 22,705      $ 13,244  
Restricted cash
      70        3,334  
    
 
 
     
 
 
  
Total cash and restricted cash presented in the statements of cash flows
   
$
22,775
 
   
$
16,578