Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss (including amounts attributable to non-controlling interest) $ (42,269) $ (36,844)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,385 1,959
Equity-based compensation expense 4,762 182
Goodwill impairment charge 0 8,996
Change in fair value of contingent consideration 755 (719)
Change in provision for doubtful accounts 318 766
Gain (loss) related to indemnification asset (1,692) 2,200
Loss on disposal of assets 206 569
Other 327 242
Changes in operating assets and liabilities, net of the effect of acquisitions:    
(Increase) decrease in accounts receivable (2,092) 886
Decrease in inventories 9,723 6,140
(Increase) decrease in vendor deposits (661) 2,543
Decrease (increase) in other current assets 9,985 (6,217)
(Decrease) increase in accounts payable (7,673) 6,653
(Decrease) increase in accrued expenses (5,957) 9,558
(Decrease) in customer deposits (145) (670)
Net cash used in operating activities (32,028) (3,756)
Cash flows from investing activities:    
Purchase consideration paid for acquisitions, net of cash acquired (12,284) (1,841)
Purchase of property and equipment, net (2,327) (1,438)
Proceeds from sale of assets held for sale 675 0
Purchase of intangible assets (320) (300)
Net cash used in investing activities (14,256) (3,579)
Cash flows from financing activities:    
Member distributions (200) 0
Proceeds from issuance of Class A common stock, net of costs 29,539 0
Proceeds from exercise of stock options and warrants 268 0
Repayments of notes payable (414) (145)
Other (322) (165)
Net cash provided by (used in) financing activities 28,871 (310)
Effects of exchange rate changes on cash 193 (135)
Net decrease in cash (17,220) (7,780)
Cash, as of beginning of the period 30,435 47,773
Cash, as of end of the period 13,215 39,993
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows for operating leases 1,093 1,193
Lease liabilities arising from obtaining finance lease assets 119 272
Lease liabilities arising from obtaining operating lease right-of-use assets, net of the effect of acquisitions 0 331
Non-cash investing and financing activities:    
Non-cash purchases of property and equipment 381 0
Issuance of Class A common stock for acquisitions 125,496 1,988
Issuance of warrants and stock options for acquisition 13,182 0
Issuance of promissory note for acquisition 2,503 0
Issuance of contingent consideration for acquisition 1,828 0
Decrease in non-controlling interest as a result of exchanges for Class A common stock $ (12,150) $ (4,616)