Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

v3.22.2.2
Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information
6 Months Ended
Jun. 30, 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:
 
 
 
 
 
 
 
 
 
 
    
Six Months Ended June 30,
 
    
2022
    
2021
 
Income taxes
   $ 1,069      $ 1,560  
Interest
     45        47  
(b) Changes in other
non-cash
operating assets and liabilities are comprised of the following:
 
 
 
 
 
 
 
 
 
 
    
Six Months Ended June 30,
 
    
2022
    
2021
 
Decrease (increase) in:
                 
Accounts receivables
   $ 604      $ (291
Prepaid expenses
     (800      (267
Inventories
     (446      (2,205
Other current assets
     286        (1,102
Other long-term assets
     (35      506  
Operating leases
     (674      (704
(Decrease) increase in:
                 
Accounts payable
     (881      (1,232
Accrued and other current liabilities
     20,173        12,704  
    
 
 
    
 
 
 
    
$
18,227
 
  
$
7,409
 
    
 
 
    
 
 
 
(c)
Depreciation and amortization are comprised of the following:
 
 
 
 
 
 
 
 
 
 
    
Six Months Ended June 30,
 
    
2022
    
2021
 
Property, plant and equipment
   $ 7,091      $ 6,386  
Operating lease
right-of-use
assets
     1,208        1,037  
Intangible assets
     8,125        7,710  
    
 
 
    
 
 
 
    
$
16,424
 
  
$
15,133
 
    
 
 
    
 
 
 
 
(d)
Write-downs and other charges are comprised of the following:
 
 
 
 
 
 
 
 
 
 
    
Six Months Ended June 30,
 
    
2022
    
2021
 
Write-downs :
                 
Account receivable recoveries
   $ (17    $ (72
Operating lease
right-of-use
assets
     —          258  
Property, plant and equipment
     228        —    
    
 
 
    
 
 
 
    
$
211
 
  
$
186
 
    
 
 
    
 
 
 
(e) Significant
non-cash
investing and financing activities are as follows:
 
 
 
 
 
 
 
 
 
 
    
Six Months Ended June 30,
 
    
2022
    
2021
 
Supplemental Cash Flow Information:
                 
Non-cash
consideration for
paid-in-kind
interest
     1,719        554  
Non-cash
consideration for asset acquisition
     19,193        —    
Non-cash
issuance of shares from consummation of the Recapitalization Transaction
     455,443        —    
Non-cash
debt extinguishment from the consummation of the Recapitalization Transaction
     (238,269      —    
Non-cash issuance of June Secured Debentures and June Unsecured Debentures from the consummation of the Recapitalization Transaction

     99,402        —    
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 June 30, 2022, the Company held $1.3 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 Gotham Green Admin 2, LLC, the collateral agent of the Senior Secured Bridge Notes.
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:
 
 
 
 
 
 
 
 
 
 
    
June 30,
2022
    
December 31,
2021
 
Cash
   $ 29,803      $ 13,244  
Restricted cash
     1,337        3,334  
    
 
 
    
 
 
 
Total cash and restricted cash presented in the statements of cash flows
  
$
31,140
 
  
$
16,578