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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net Income (Loss) $ (9,498) $ 5,070
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 986 449
Stock-based compensation expense 2,955 3,917
Bad debt expense, net of recoveries 2,767 1,378
Loss on disposition of assets 61 0
Noncash amortization of debt discount 546 506
Noncash interest expense associated with convertible debt 0 243
Noncash change in fair value of derivatives (309) (36,823)
Other 0 46
Changes in operating assets and liabilities:    
Accounts receivable (2,104) (1,718)
Prepaid expenses and other current assets 825 (580)
Accounts payable (813) 424
Accrued expenses and other current liabilities (3,826) (983)
Deferred revenue (194) (17)
Net cash used in operating activities (8,604) (28,088)
Cash flows from investing activities    
Additions of property, equipment, and software (1,345) (2,470)
Proceeds from sale of property and equipment 29 0
Net cash used in investing activities (1,316) (2,470)
Cash flows from financing activities    
Proceeds from exercise of stock options 0 158
Proceeds from convertible promissory notes 0 29,374
Proceeds from business combination placed in escrow and restricted 0 39,032
Trust proceeds received from recapitalization at closing 0 582
Issuance of common Stock under ESPP 168 0
Repurchase of common stock and settlement of forward purchase agreements 0 (31,303)
Transaction costs associated with recapitalization 0 (10,761)
Advances (repayments) of related party payables 94 (17)
Net cash provided by financing activities 262 27,065
Net decrease in cash, cash equivalents, and restricted cash (9,658) (3,493)
Cash, cash equivalents, and restricted cash, beginning of year 25,202 28,695
Cash, cash equivalents, and restricted cash, end of year 15,544 25,202
Supplemental disclosure of non-cash financing activities    
Stockholder contribution for debt issuance costs 0 924
Repurchase of common stock in other accrued expenses 0 360
Conversion of promissory notes into common stock 324 33,024
Issuance of forward share purchase agreements 0 14,170
Issuance of private warrants 0 3,916
Issuance of sponsor shares subject to earnout conditions 0 6,867
Issuance of stockholder earn-out rights $ 0 $ 26,131