Capstone Green Energy Holdings Inc
For the period ended Mar 31, 2023. Filed Jun 13, 2024.
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FY2023 · Filed Jun 13, 2024
CEPL$3.06+3.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended March 31, | ||||||
| · · 2023 · · 2022 | ||||||
| Cash Flows from Operating Activities: | | | | | | |
| Net loss | | $(24,522) | | $(22,370) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | |
| Depreciation and amortization | | 3,177 | | | 1,915 | |
| Amortization of financing costs and discounts | | 68 | | | 35 | |
| Amortization of right-of-use assets | | | 1,330 | | | 657 |
| (Gain) loss on debt extinguishment | | | — | | | (1,950) |
| Bad debt expense (recovery) | | 4,277 | | | 391 | |
| Inventory provision | | 961 | | | 791 | |
| Provision for warranty expenses | | 592 | | | 646 | |
| Stock-based compensation | | 863 | | | 1,245 | |
| Changes in operating assets and liabilities: | | | | | | |
| Accounts receivable | | 4,060 | | | (3,383) | |
| Inventories | | (11,521) | | | (9,105) | |
| Prepaid expenses, other current assets and other assets | | (1,210) | | | 164 | |
| Accounts payable and accrued expenses | | 5,660 | | | 5,098 | |
| Operating lease liability | | | (1,304) | | | (613) |
| Accrued salaries and wages and long-term liabilities | | 77 | | | (743) | |
| Accrued warranty reserve | | (499) | | | (5,013) | |
| Deferred revenue | | 8,373 | | | 3,229 | |
| Factory protection plan liability | | | 1,674 | | | 1,508 |
| Net cash used in operating activities | | (7,944) | | (27,498) | ||
| Cash Flows from Investing Activities: | | | | | | |
| Expenditures for property, plant, equipment and rental assets | | (8,222) | | | (9,924) | |
| Net cash used in investing activities | | (8,222) | | (9,924) | ||
| Cash Flows from Financing Activities: | | | | | | |
| Repayment of notes payable and lease obligations | | (804) | | | (685) | |
| Cash used in employee stock-based transactions | | (52) | | | (138) | |
| Net proceeds from issuance of common stock and warrants | | 7,302 | | | 11,271 | |
| Net cash provided by financing activities | | 6,446 | | 10,448 | ||
| Net (decrease) in Cash and Cash Equivalents | | (9,720) | | (26,974) | ||
| Cash and Cash Equivalents, Beginning of Period | | 22,559 | | 49,533 | ||
| Cash and Cash Equivalents, End of Period | | $12,839 | | $22,559 | ||
| Supplemental Disclosures of Cash Flow Information: | | | | | | |
| Cash paid during the period for: | | | | | | |
| Interest | | $5,701 | | $5,095 | ||
| Income taxes | | $13 | | $20 | ||
| Supplemental Disclosures of Non-Cash Information: | | | | | | |
| Acquisition of property and equipment through accounts payable | | $29 | | $264 | ||
| Renewal of insurance contracts financed by notes payable | | $665 | | $567 | ||
| Issuance of common stock for services to be received | | $— | | $75 | ||
| Deemed dividend | | $97 | | $— | ||
| Right-of-use assets obtained in exchange for lease obligations | | $8,170 | | $— | ||
| Rental assets capitalized from inventory | | $1,687 | | $— | ||
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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