v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (36,537) $ (50,277)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 9,881 12,821
Non-cash interest 5,656 3,372
Paid-in-kind interest 6,797 4,375
Non-cash restructuring, impairment and other related charges 3,816
Loss on extinguishment of debt 3,394
Loss on disposal of property and equipment 224 112
Change in fair value – warrant liabilities (4,427) 4,906
Stock-based compensation 845 1,317
Changes in operating assets and liabilities:    
Accounts receivable 11,974 5,719
Inventories (4,040) (2,779)
Prepaid expenses and other assets 2,671 4,665
Operating leases, net (1,018) (1,340)
Accounts payable (17,111) (9,522)
Accrued compensation (2,783) 4,122
Customer prepayments 2,079 (986)
Accrued rebates and allowances (2,572) (4,608)
Accrued warranty liabilities 514 (159)
Other accrued liabilities (3,031) (862)
Net cash used in operating activities (27,062) (25,730)
Cash flows from investing activities:    
Sale of property and equipment 363
Purchase of property and equipment (5,222) (5,142)
Investment in intangible assets (285) (111)
Net cash used in investing activities (5,144) (5,253)
Cash flows from financing activities:    
Proceeds from related party loan 39,000 61,000
Payments on term loan (25,000)
Payments on revolving line of credit (5,000)
Payments for debt issuance costs (1,557) (3,466)
Net cash provided by financing activities 37,443 27,534
Net increase (decrease) in cash and cash equivalents 5,237 (3,449)
Cash and cash equivalents, beginning of the year 29,011 26,857
Cash and cash equivalents, end of the period 34,248 23,408
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest, net of amounts capitalized 81 203
Cash paid during the period for income taxes 165 293
Supplemental schedule of non-cash investing and financing activities:    
Property and equipment included in accounts payable 435 375
Warrants issued 17,284 19,571
Amendment fee added to principal of loan $ 1,215