General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income (loss) $ 13,845 $ (4,321) $ 772
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 2,895 1,375 933
Equity-based compensation 3,204 1,929 143
Non-employee equity-based compensation 1,492 1,384  
Amortization of debt issuance costs 358 133 314
Loss on extinguishment of debt 726    
Bad debt expense (recovery) (51) 195 (37)
Loss from equity method investment   52 80
Loss on disposal/sale of property and equipment 70   4
Changes in operating assets and liabilities:      
Accounts receivable, net (3,761) (2,956) (243)
Inventories (4,831) (10,897) 289
Prepaid expenses and other assets (5,283) (1,054) (692)
Accounts payable 4,646 7,032 986
Accrued liabilities 3,659 6,425 3,082
Accrued sales tax (23) 292 120
Deferred revenue and gift card liability 2,719 3,315 593
Other liabilities 334   (656)
Net cash provided by (used in) operating activities (7,691) 11,546 4,144
Investing activities      
Purchases of property and equipment (19,287) (9,760) (1,043)
Cash paid for asset purchases     (63)
Net cash used in investing activities (19,287) (9,760) (1,106)
Financing activities      
Proceeds from issuance of long-term debt, net of cash paid for debt issuance costs of $338, $591 and $59 in 2021, 2020 and 2019, respectively 38,402 16,436 2,699
Repayment of long-term debt (20,058) (7,333) (4,670)
Repayment of and restricted cash for capital lease obligations (1,663) (451) (396)
Issuance of Series A preferred equity, net of cash paid for issuance costs of $4,897   145,103  
Payment of Series A preferred dividends (7,001)    
Repurchase of member units   (125,000)  
Repayment of notes receivable from members   56 201
Net cash provided by (used in) financing activities 9,680 28,811 (2,166)
Net increase (decrease) in cash, cash equivalents, and restricted cash (17,298) 30,597 872
Beginning cash, cash equivalents, and restricted cash 35,632 5,035 4,163
Ending cash, cash equivalents, and restricted cash 18,334 35,632 5,035
Non-cash operating activities      
Accrued other assets 750    
Deferred transaction costs 1,214    
Non-cash investing and financing activities      
Issuance of Series A preferred unit dividend 1,406    
Equity investment of property and equipment     107
Accrued Series A preferred equity distribution and related discount amortization 27,510 870  
Issuance of note and other payables for repurchase of member units     2,000
Capital expenditures financed through credit facilities and capital leases   6,430 77
Accrued capital expenditures 803 140 183
Supplemental cash flow information      
Cash paid for state income taxes 147 114 14
Cash paid for interest $ 719 $ 1,007 $ 332