iAnthus Capital Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

Unaudited Interim Condensed Consolidated Statements of Cash Flows Supplemental Information

3 Months Ended

Mar. 31, 2023

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,
	2023		2022
Income taxes	$	49	$	98
Interest		32		23

(b) Changes in operating assets and liabilities are comprised of the following:


	For the Three Months Ended March 31,
	2023		2022
Decrease (increase) in:
Accounts receivables	$	384	$	(81)
Prepaid expenses		(576)		(1,809)
Inventories		(2,784)		(3,258)
Other current assets		5		201
Other long-term assets		(32)		(13)
Operating leases		(359)		(313)
(Decrease) increase in:
Accounts payable		1,025		3,561
Accrued and other current liabilities		4,870		6,359
	$	2,533	$	4,647


	For the Three Months Ended March 31,
	2023		2022
Property, plant and equipment	$	2,977	$	4,396
Operating lease ROU assets		537		623
Intangible assets		3,477		4,010
	$	6,991	$	9,029

(d) Write-downs and other charges, net are comprised of the following:


	For the Three Months Ended March 31,
	2023		2022

Account receivable recoveries	$	(1)	$	(12)
Property, plant and equipment		517		69
	$	516	$	57

(e) Significant non-cash investing and financing activities are as follows:


	For the Three Months Ended March 31,
	2023		2022
Supplemental Cash Flow Information:
Non-cash consideration for paid-in-kind interest	$	3,384	$	767
Non-cash consideration for asset acquisition		—		19,193
Assets classified as assets held for sale		1,711		—

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, 2023, the Company held less than $0.1 million as restricted cash (December 31, 2022—less than $0.1 million).

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,			December 31,
	2023		2022
Cash	$	12,298	$	14,336
Restricted cash		70		70
Total cash and restricted cash presented in the statements of cash flows	$	12,368	$	14,406