v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss (including amounts attributable to non-controlling interest) $ (33,230) $ (13,554)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,752 1,186
Equity-based compensation expense 1,630 950
Change in fair value of contingent consideration 92 123
Change in provision for doubtful accounts 1,982 75
Gain related to indemnification asset (1,798) (1,692)
Unrealized loss on equity investments 556 0
Unrealized gain on interest rate swap contract (449) 0
Other 14 (8)
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Decrease (increase) in accounts receivable (2,841) 600
Decrease (increase) in inventories 6,226 2,080
Decrease (increase) in vendor deposits 6,945 802
Decrease (increase) in other current assets 257 8,031
(Decrease) increase in accounts payable 2,593 (6,738)
(Decrease) Increase in accrued expenses and other liabilities 2,302 (6,966)
(Decrease) increase in customer deposits (2,761) (47)
Net cash used in operating activities (13,730) (15,158)
Cash flows from investing activities:    
Purchase consideration paid for acquisitions, net of cash acquired 0 (2,403)
Purchases of property and equipment, net (1,272) (1,542)
Proceeds from sale of assets held for sale 75 675
Purchase of intangible assets, net 0 (320)
Net cash used in investing activities (1,197) (3,590)
Cash flows from financing activities:    
Member distributions 0 (200)
Proceeds from issuance of Class A common stock, net of costs 14,064 112
Payments on notes payable (1,974) 0
Purchase consideration paid for Eyce LLC acquisition (875) 0
Other (100) (204)
Net cash provided by (used in) financing activities 11,115 (292)
Effects of exchange rate changes on cash 85 237
Net (decrease) in cash (3,727) (18,803)
Cash, as of beginning of the period 12,857 30,435
Cash, as of end of the period 9,130 11,632
Supplemental disclosures of cash flow information    
Cash paid for amounts included in the measurement of lease liabilities 1,452 560
Lease liabilities arising from obtaining finance lease assets 0 119
Non-cash investing and financing activities:    
Issuance of Class A common stock for business acquisitions 3,486 2,005
Non-cash purchases of property and equipment 468 99
Issuance of promissory note for business acquisition 0 2,503
Issuance of contingent consideration for acquisition 0 1,828
Decrease in non-controlling interest as a result of exchanges for Class A common stock $ (543) $ (6,780)