v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:              
Net loss (including amounts attributable to non-controlling interest) $ (10,525) $ (10,248) $ (14,481) $ (18,749) $ (20,773) $ (33,230) $ (125,900)
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation and amortization 1,978   2,349   3,970 4,752  
Equity-based compensation expense         260 1,630  
Change in fair value of contingent consideration         103 92  
Change in provision for doubtful accounts         (10) 1,982  
Gain related to indemnification asset         0 (1,798)  
Unrealized loss on equity investments         0 556  
Unrealized gain on interest rate swap contract         0 (449)  
Other         487 14  
Changes in operating assets and liabilities:              
Decrease (increase) in accounts receivable         3,389 (2,841)  
Decrease (increase) in inventories         10,803 6,226  
Decrease (increase) in vendor deposits         1,283 6,945  
Decrease (increase) in other current assets         4,227 257  
(Decrease) increase in accounts payable         1,949 2,593  
(Decrease) Increase in accrued expenses and other liabilities         13 2,302  
(Decrease) increase in customer deposits         (1,045) (2,761)  
Net cash provided by (used in) operating activities         4,656 (13,730) (26,400)
Cash flows from investing activities:              
Purchases of property and equipment, net         (306) (1,272)  
Proceeds from sale of assets held for sale         0 75  
Proceeds from the sale of equity investments         53 0  
Purchase of intangible assets, net         0 0  
Net cash provided by (used in) investing activities         (253) (1,197)  
Cash flows from financing activities:              
Proceeds from issuance of Class A common stock, net of costs         0 14,064  
Payments on Eyce and DaVinci promissory notes         (1,601) (1,974)  
Purchase consideration paid for Eyce LLC and DaVinci acquisitions         (300) (875)  
Repayments of Asset-Based Loan         (9,452) 0  
Modification costs of Asset-Based Loan         (751) 0  
Other         (29) (100)  
Net cash provided by (used in) financing activities         (12,133) 11,115  
Effects of exchange rate changes on cash         205 85  
Net increase (decrease) in cash         (7,525) (3,727)  
Cash and restricted cash, as of beginning of the period   12,176   12,857 12,176 12,857 12,857
Cash and restricted cash, as of end of the period 4,651   9,130   4,651 9,130 12,176
Cash, beginning of the period   6,458   12,857 6,458 12,857 12,857
Restricted cash, beginning of the period   $ 5,718   $ 0 5,718 0 0
Cash, end of the period 4,651   9,130   4,651 9,130 6,458
Restricted cash, end of the period $ 0   $ 0   0 0 $ 5,718
Supplemental disclosures of cash flow information              
Cash paid for amounts included in the measurement of lease liabilities         447 1,452  
Non-cash investing and financing activities:              
Issuance of Class A common stock for business acquisitions         0 3,486  
Non-cash purchases of property and equipment         285 468  
Decrease in non-controlling interest as a result of exchanges for Class A common stock         $ 0 $ (543)  

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