Cash Flow

v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net (loss) income $ (13,623) $ 21,133
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 10,114 5,404
Stock-based compensation 1,773 1,306
Bargain purchase gain   (10,963)
Loss on early debt extinguishment   858
Amortization of discount on warrants and debt issuance costs 479 233
Deferred taxes (5,475) (11,757)
Loss on impairment of investments   2,684
Changes in operating assets and liabilities:    
Accounts receivable 4,378 (2,385)
Inventory 568 (541)
Other current assets (301) 1,042
Due from related parties, net (35) (296)
Security deposits 405 767
Other assets (826) (440)
Accounts payable (939) 926
Accrued expenses 4,468 (438)
Operating lease liabilities and right-of-use assets 848 589
Deferred revenue (1,403) 238
Net cash provided by operating activities 431 8,360
Investing activities:    
Acquisition related payments, net of cash acquired   (26,040)
Purchase of property and equipment (5,787) (4,357)
Net cash used in investing activities (5,787) (30,397)
Financing activities:    
Proceeds from CARES Act Loans 18,314  
Borrowings of long-term debt   64,750
Repayments of long-term debt (752) (28,517)
Debt issuance costs (50) (2,864)
Exercise of stock options 38 92
Tax-withholding obligation on stock based compensation (126) (88)
Distributions to non-controlling interests   (252)
Net cash provided by financing activities 17,424 33,121
Effect of exchange rate changes on cash (27) (332)
Net increase in cash and cash equivalents 12,041 10,752
Cash and cash equivalents, beginning of year 12,344 1,592
Cash and cash equivalents, end of year 24,385 12,344
Supplemental disclosure of cash flow data:    
Interest paid 3,925 1,743
Income taxes paid 286 467
Non-cash property and equipment additions $ 303 $ 165

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