Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

v3.22.1
Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information
3 Months Ended
Mar. 31, 2022
Supplemental Cash Flow Elements [Abstract]  
Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information
Note 13 – Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information
(a) Cash payments made on account of:
 
    
For the Three Months Ended March 31,
 
    
2022
    
2021
 
Income taxes
   $ 98      $ 657  
Interest
     23        24  
(b) Changes in other
non-cash
operating assets and liabilities are comprised of the following:
 
 
  
For the Three Months Ended March 31,
 
 
  
2022
 
  
2021
 
Decrease (increase) in:
  
  
Accounts receivables
   $ (81)      $ (1,009
Prepaid expenses
     (1,809      (1,028
Inventories
     (3,258      (723
Other current assets
     201        (1,374
Other long-term assets
     (13      647  
Operating leases
     (313      (203
)

Increase in:
                 
Accounts payable
     3,561        1,599  
Accrued and other current liabilities
     6,359        6,883  
    
 
 
    
 
 
 
    
$
4,647
 
  
$
4,792
 
    
 
 
    
 
 
 
(c) Depreciation and amortization are comprised of the following:
 
    
For the Three Months Ended March 31,
 
    
2022
    
2021
 
Property, plant and equipment
   $ 4,396      $ 2,977  
Operating lease
right-of-use
assets
     623        542  
Intangible assets
     4,010        3,855  
    
 
 
    
 
 
 
    
$
9,029
 
  
$
7,374
 
    
 
 
    
 
 
 
(d) Write-downs and other charges are comprised of the following:
 
    
For the Three Months Ended March 31,
 
    
2022
    
2021
 
Write-downs :
                 
Account receivable recoveries
   $ (12    $ —    
Operating lease
right-of-use
assets
     —          259  
Property, plant and equipment
     69        —    
    
 
 
    
 
 
 
    
$
57
    
$
259
 
    
 
 
    
 
 
 
(e) Significant
non-cash
investing and financing activities are as follows:
 
    
For the Three Months Ended March 31,
 
    
2022
    
2021
 
Supplemental Cash Flow Information:
                 
Non-cash
consideration for
paid-in-kind
interest
     767        554  
Non-cash consideration for asset acquisition

 
 
19,193

 
 
 
 
Cash and Restricted Cash
For purposes of the unaudited interim condensed consolidated balance sheets and the statements of cash flows, cash and restricted cash are held primarily in U.S. dollars.
 
Restricted cash balances are those which meet the definition of cash and cash equivalents but are not available for use by the Company. As of March 31, 2022, the Company held $2.6 million as restricted cash (December 31, 2021—$3.3 million), which is mainly related to funds held in escrow from the Senior Secured Bridge Notes. The net proceeds from the Senior Secured Bridge Notes were placed in escrow, and the availability of the funds is subject to drawdown requests that must be approved by the Secured Lenders.
The following table provides a reconciliation of cash and restricted cash reported on the unaudited interim condensed consolidated balance sheets to such amounts presented in the statements of cash flows:
 
 
  
March 31,
2022
 
  
December 31,

2021
 
Cash
   $ 14,078      $ 13,244  
Restricted cash
     2,641        3,334  
    
 
 
    
 
 
 
Total cash and restricted cash presented in the statements of cash flows
  
$
16,719
 
  
$
16,578