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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (20,963) $ (12,528) $ (29,853)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 3,112 6,023 5,150
Stock-based compensation expense 2,839 846 1,081
Change in fair value of deferred acquisition consideration 427 134 0
Provision for transaction losses and eCommerce returns 428 630 1,047
Amortization of costs to obtain revenue contracts 447 487 494
Amortization of debt issuance costs 0 0 334
Deferred rent (194) (2,837) (2,006)
Deferred income taxes 0 0 (424)
Other, net 21 (11) (149)
Changes in operating assets and liabilities:      
Accounts receivable 52 (652) (123)
Prepaid and other current assets (1,145) 359 (2,993)
Receivables from payment processors 910 553 (1,883)
Other assets (145) (163) 499
Accounts payable and accrued expenses 5,055 2,219 2,794
Payables due to sellers 5,732 1,592 804
Other current liabilities and other liabilities (977) (95) 6,759
Net cash used in operating activities (4,401) (3,443) (18,469)
Cash flows from investing activities:      
Development of internal-use software (2,110) (1,782) (4,191)
Proceeds from repayment of notes receivable with related party 0 3,112 0
Purchases of property and equipment (129) (44) (1,911)
Acquisition of Design Manager, net of cash acquired 0 0 (2,308)
Other, net (30) 0 0
Net cash (used in) provided by investing activities (2,269) 1,286 (8,410)
Cash flows from financing activities:      
Proceeds from issuance of common stock in initial public offering, net of underwriting discounts and commissions 122,993 0 0
Proceeds from exercise of stock options 2,729 2,010 343
Proceeds from the issuance of Series D redeemable convertible preferred stock, net of issuance costs 0 0 75,863
Payment of deferred acquisition consideration (640) 0 0
Repayment of long-term debt 0 0 (15,000)
Payment of deferred offering costs (5,032) (448) 0
Debt refinancing costs 0 0 (250)
Net cash provided by financing activities 120,050 1,562 60,956
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (16) (14) 117
Net increase (decrease) in cash, cash equivalents, and restricted cash 113,364 (609) 34,194
Cash, cash equivalents, and restricted cash at beginning of the period 58,195 58,804 24,610
Cash, cash equivalents, and restricted cash at end of the period 171,559 58,195 58,804
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 69 11 2
Cash paid for interest 16 14 456
Supplemental disclosure of non-cash activities:      
Accretion of redeemable convertible preferred stock to redemption value 7,061 15,095 13,744
Conversion of redeemable convertible preferred stock in connection with initial public offering 305,586 872 0
Change in deferred offering costs included in accounts payable and accrued expenses (872) 0 0
Issuance of common stock as acquisition consideration 767 0 791
Deferred acquisition consideration 0 0 846
Impact of adoption of ASC 606 $ 0 $ 0 $ (882)