v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (3,445) $ (4,358)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,800 2,040
Amortization of debt issuance and warrant costs 284 225
Stock-based compensation 124 83
Change in fair value of stock warrants 1,347 (1,656)
Loss on disposal of assets 104 0
Loss on extinguishment of debt 6,134 0
Increases and decreases in operating assets and liabilities:    
Accounts receivable 1,103 1,682
Prepaid expenses, inventories and other (1,011) 331
Deferred taxes 202 95
Warrants liability (4,000) 0
Contract liabilities (350) (25)
Accounts payable and accrued expenses 5,999 (2,583)
Net cash provided by operating activities 8,291 (4,166)
Cash flows from investing activities:    
Purchase of property and equipment (3,413) (1,031)
Other (8) 33
Net cash used in investing activities (3,421) (998)
Cash flows from financing activities:    
Proceeds from Senior Secured Notes due 2028 borrowings 310,000 0
Proceeds from equity offering, net of issuance costs 42,974 0
Payment of debt discount and issuance costs (9,510) 0
Repayment of Senior Secured Notes due 2024 (106,825) (275)
Prepayment premium of Second Lien Term Loan (1,261) 0
Repayment of finance lease obligation (120) (95)
Proceeds from exercise of stock options 78 0
Other 24 0
Net cash provided by (used in) financing activities 235,360 (370)
Net increase (decrease) in cash, cash equivalents and restricted cash 240,230 (5,534)
Cash and cash equivalents, beginning of period 37,698 29,851
Cash and cash equivalents and restricted cash, end of period 277,928 24,317
Supplemental Cash Flow Information:    
Cash paid for interest, net of amounts capitalized 812 2,248
Non-Cash Investing Activities:    
Accounts payable related capital expenditures $ 478 $ 80

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