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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income (loss) $ 5,070 $ (12,024)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 449 253
Stock-based compensation expense 3,917 1,022
Bad debt expense, net of recoveries 1,378 1,177
Noncash lease costs 0 230
Noncash amortization of debt discount 506 0
Noncash interest expense associated with convertible debt 243 1,370
Noncash change in fair value of derivatives (36,823) 0
Other 46 44
Changes in operating assets and liabilities:    
Accounts receivable (1,718) (1,802)
Prepaid expenses and other current assets (580) (283)
Accounts payable 424 (397)
Accrued expenses and other current liabilities (983) 3,172
Deferred revenue (17) 390
Net cash used in operating activities (28,088) (6,848)
Cash flows from investing activities    
Additions of property, equipment, and software (2,470) (87)
Net cash used in investing activities (2,470) (87)
Cash flows from financing activities    
Proceeds from exercise of stock options 158 334
Proceeds from convertible promissory notes 29,374 31,470
Proceeds from business combination placed in escrow and restricted 39,032 0
Trust proceeds received from recapitalization at closing 582 0
Repurchase of common stock and settlement of forward purchase agreements (31,303) 0
Transaction costs associated with recapitalization (10,761) (855)
Payments on related party payables (17) (253)
Net cash provided by financing activities 27,065 30,696
Net (decrease) increase in cash, cash equivalents, and restricted cash (3,493) 23,761
Cash, cash equivalents, and restricted cash, beginning of year 28,695 4,934
Cash, cash equivalents, and restricted cash, end of year 25,202 28,695
Supplemental disclosure of non-cash financing activities    
Transaction costs associated with recapitalization in accounts payable and accrued expenses 0 1,985
Stockholder contribution for debt issuance costs 924 0
Repurchase of common stock in other accrued expenses 360 0
Conversion of promissory notes into common stock 33,024 0
Issuance of forward share purchase agreements 14,170 0
Issuance of private warrants 3,916 0
Issuance of sponsor shares subject to earnout conditions 6,867 0
Issuance of stockholder earn-out rights $ 26,131 $ 0