Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:        
Net loss   $ (190,986,000) $ (148,742,000)  
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization   103,786,000 40,322,000  
Stock-based compensation   18,058,000 26,699,000  
Goodwill impairment $ 2,450,000 0 2,450,000 $ 112,911,000
Amortization (accretion) of discount on investments     (490,000)  
Amortization of deferred costs on convertible notes   548,000 548,000  
Provision for bad debt   1,756,000 640,000  
Provision for slow-moving, obsolete, and lower of cost or net realizable value inventories, net   (45,000)    
Loss (gain) on disposal of property and equipment   (35,000) 501,000  
Foreign exchange (gains) losses on intercompany transactions, net   (4,000)    
Impairment charges 6,062,000   6,062,000  
Net decrease in accrued interest related to marketable securities     238,000  
Net unrealized loss on equity investment   625,000 286,000  
Deferred tax benefit   305,000 (675,000)  
Foreign currency transaction loss   486,000 392,000  
Changes in operating assets and liabilities:        
Accounts receivable   13,267,000 (2,446,000)  
Inventory   (694,000) (16,052,000)  
Prepaid expenses and other current assets   2,264,000 (8,716,000)  
Other assets   9,967,000 2,425,000  
Accounts payable   (4,055,000) 7,397,000  
Accrued expenses and other current liabilities   (415,000) 1,009,000  
Customer deposits   (1,000,000) (4,542,000)  
Deferred revenue   (2,202,000) 3,590,000  
Change in right of use assets and lease liabilities, net   (5,033,000) (4,456,000)  
Other liabilities   8,000 1,706,000  
Net cash used in operating activities   (53,399,000) (91,854,000)  
Cash flows from investing activities:        
Purchases of property and equipment   (810,000) (2,709,000)  
Proceeds from sale of property and equipment   1,694,000 9,942,000  
Purchase of marketable securities     (4,973,000)  
Proceeds from sales and maturities of marketable securities     112,719,000  
Cash paid for acquisitions, net of cash acquired     (500,000)  
Proceeds from disposal of subsidiaries     4,089,000  
Net cash provided by investing activities   884,000 118,568,000  
Cash flows from financing activities:        
Proceeds from the exercise of stock options     1,203,000  
Payment of taxes related to net share settlement upon vesting of restricted stock units   (403,000) (147,000)  
Repayment of loans   (237,000) (337,000)  
Net cash (used in) provided by financing activities   (640,000) 719,000  
Effect of exchange rate changes on cash, cash equivalents and restricted cash   (698,000) (461,000)  
Cash and cash equivalents at beginning of period   83,845,000    
Cash and cash equivalents at period end 107,432,000 30,617,000 107,432,000 83,845,000
Net increase (decrease) in cash, cash equivalents, and restricted cash   (53,853,000) 26,972,000  
Cash, cash equivalents, and restricted cash at beginning of period   84,690,000 81,913,000 81,913,000
Cash, cash equivalents, and restricted cash at end of period 108,885,000 30,837,000 108,885,000 84,690,000
Supplemental disclosures of cash flow information        
Cash and cash equivalents 107,432,000 30,617,000 107,432,000 83,845,000
Restricted cash included in other current assets 841,000 220,000 841,000  
Restricted cash included in other noncurrent assets 612,000   612,000  
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows $ 108,885,000 30,837,000 108,885,000 $ 84,690,000
Supplemental cash flow information:        
Interest paid   3,488,000    
Non-cash investing and financing activities:        
Net unrealized gain on investments     (339,000)  
Common Stock issued for settlement of contingent consideration     797,000  
Additions to right of use assets and lease liabilities   1,600,000 11,443,000  
Purchase of property and equipment included in accounts payable   160,000 326,000  
Purchase of property and equipment included in accrued expense     90,000  
Transfers from inventory to property and equipment   $ 2,725,000 1,370,000  
Transfers from property and equipment to inventory     $ 1,647,000