Cash Flow

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income (loss) $ 26,150 $ (9,033)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,766 7,605
Stock-based compensation 2,442 1,316
CARES Act loan forgiveness (18,529)  
Amortization of debt issuance costs 321 356
Deferred taxes 1,504 (4,272)
Loss on early debt extinguishment 600  
Changes in operating assets and liabilities:    
Accounts receivable (2,611) 4,567
Inventory (516) 802
Other current assets (811) (299)
Due from related parties   (35)
Security deposits 7 315
Other assets (348) (986)
Accounts payable 2,314 (706)
Accrued expenses 5,454 241
Operating lease liabilities and right-of-use assets 1,045 710
Deferred gift card and license revenue (1,758) (1,256)
Net cash provided by (used in) operating activities 23,030 (675)
Investing activities:    
Purchase of property and equipment (8,112) (2,660)
Net cash used in investing activities (8,112) (2,660)
Financing activities:    
Proceeds from CARES Act Loans   18,314
Repayments of long-term debt (22,633) (592)
Debt issuance costs (866) (50)
Exercise of stock options and warrants 3,577 38
Tax-withholding obligation on stock based compensation (154) (103)
Purchase of treasury stock (37)  
Purchase of non-controlling interests (75)  
Net cash provided by financing activities (20,188) 17,607
Effect of exchange rate changes on cash (37) (51)
Net increase in cash and cash equivalents (5,307) 14,221
Cash and cash equivalents, beginning of period 24,385 12,344
Cash and cash equivalents, end of period 19,078 26,565
Supplemental disclosure of cash flow data:    
Interest paid 3,118 2,871
Income taxes paid 53 253
Non-cash CARES Act loan forgiveness $ 18,529  
Non-cash property and equipment additions   $ 303

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