v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (4,499) $ (21,366)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,524 3,215
Asset impairments   22,750
(Gain) loss on sale of fixed assets, net (42) 60
Stock-based compensation expense 1,060 677
Changes in operating assets and liabilities:    
Contract receivables and retainage, net (10,830) 1,654
Contract assets (426) (4,561)
Prepaid expenses, inventory and other current assets (430) (676)
Accounts payable 2,525 (11,020)
Contract liabilities (3,339) (5,324)
Accrued expenses and other current liabilities (72) 1,104
Noncurrent assets and liabilities, net (346) (463)
Net cash used in operating activities (13,875) (11,369)
Cash flows from investing activities:    
Capital expenditures (474) (921)
Proceeds from Shipyard Transaction, net of transaction costs 886 31,677
Proceeds from sale of property and equipment 63 4,439
Maturities of short-term investments   8,000
Net cash provided by investing activities 475 43,195
Cash flows from financing activities:    
Financed insurance premium payments (248)  
Tax payments for vested stock withholdings (121) (108)
Net cash used in financing activities (369) (108)
Net increase (decrease) in cash, cash equivalents and restricted cash (13,769) 31,718
Cash, cash equivalents and restricted cash, beginning of period 54,589 43,159
Cash, cash equivalents and restricted cash, end of period $ 40,820 74,877
Shipyard Transactions    
Adjustments to reconcile net loss to net cash used in operating activities:    
Asset impairments   22,800
(Gain) loss on sale of fixed assets, net   $ 2,581

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