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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:          
Net income (loss) $ 1,306,153 $ (4,204,323) $ (6,460) $ (1,874,080)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Change in fair value of warrant liability (1,224,597) 3,278,758 197,516 1,975,156  
Offering costs allocated to warrant liability 19,946      
Interest earned on marketable securities held in Trust Account (295,788) (27,537) (757,577) (787,350)  
Unrealized gain on marketable securities held in Trust Account (227) 2,594 (2,056)  
Deferred tax benefit 48 (432) (592) 384  
Changes in operating assets and liabilities:          
Prepaid expenses and other current assets (176,859) (132,988) 37,870 77,134  
Accounts payable and accrued expenses 126,891 116,998 (16,764) 20,939  
Income taxes payable 26,934 (5,883) 3,844 (21,051)  
Net cash used in operating activities (217,499) (975,407) (539,569) (610,924)  
Cash Flows from Investing Activities:          
Investment of cash in Trust Account (130,015,520)      
Cash withdrawn from Trust Account for franchise, income tax payments, and working capital needs 505,408 419,894 419,894  
Net cash provided by (used in) investing activities (130,015,520) 505,408 419,894 419,894  
Cash Flows from Financing Activities:          
Proceeds from sale of Units, net of underwriting discounts paid 127,415,209      
Proceeds from sale of Private Warrants 3,950,311      
Advances from related party 203,958      
Repayment of advances from related party (187,500)      
Proceeds from promissory note – related party 100,569 400,000  
Repayment of promissory note – related party (100,230)      
Payment of offering costs (786,728)      
Proceeds from issuance of Class 1 common stock       (3,392,993) $ (3,392,993)
Net cash provided by financing activities 130,595,589 400,000  
Initial classification of common stock subject to possible redemption (Restated – see Note 2) 130,015,520      
Accretion change in value of common stock subject to possible redemption (Restated – see Note 2) 181,842 146,856 512,502 347,597  
Issuance of Representative Shares 910      
Offering cost paid directly by stockholder in consideration for the issuance of common stock 25,000      
Net Change in Cash 362,570 (69,999) (119,675) (191,030)  
Cash – Beginning of period 171,540 362,570 362,570  
Cash – End of period 362,570 101,541 242,895 171,540 362,570
Supplementary cash flow information:          
Cash paid for income taxes 19,953 41,039 47,779  
Leafly Holdings, Inc.          
Cash Flows from Operating Activities:          
Net income (loss)   (6,880,000) (8,977,000) (9,964,000) (31,936,000)
Adjustments:          
Depreciation and amortization       312,000 261,000
Depreciation   195,000 240,000    
Stock-based compensation expense   729,000 892,000 1,158,000 1,136,000
Bad debt expense   841,000 1,076,000 1,590,000 586,000
Amortization of right of use assets   230,000 248,000    
Noncash interest expense associated with convertible debt   710,000 694,000    
Other   44,000 75,000    
Noncash lease costs       248,000
Loss on write-off of merchandise inventory and other       308,000
Changes in operating assets and liabilities:          
Accounts payable and accrued expenses   1,713,000 949,000    
Accounts receivable   (674,000) (1,755,000) (2,138,000) (1,122,000)
Other assets   (600,000) 169,000 87,000 (1,242,000)
Accounts payable   (3,000) (3,138,000) (3,327,000) 3,650,000
Accrued expenses and other liabilities       2,435,000 (63,000)
Deferred revenue   594,000 (314,000) (501,000) (44,000)
Net cash used in operating activities   (3,101,000) (9,841,000) (9,792,000) (28,774,000)
Cash Flows from Investing Activities:          
Deposits paid       (458,000)
Proceeds from sale of property and equipment       20,000
Purchase of property and equipment   (38,000) (3,000) (5,000) (761,000)
Proceeds from sale of property and equipment     20,000    
Net cash provided by (used in) investing activities   (38,000) 17,000 15,000 (1,219,000)
Cash Flows from Financing Activities:          
Proceeds from exercise of stock options   223,000 72,000 97,000 366,000
Proceeds from early exercise of stock options       664,000
Proceeds from convertible promissory notes   31,470,000 4,624,000 4,624,000 6,520,000
Proceeds from issuance of Class 1 common stock       26,000,000
Proceeds from Series A preferred stock, net   3,490,000 3,490,000
Proceeds from related party payables   334,000    
Payments on related party payables   (242,000)    
Change in related party payables       645,000 1,208,000
Net cash provided by financing activities   31,451,000 8,520,000 8,856,000 34,758,000
Net increase (decrease) in cash, cash equivalents, and restricted cash   28,312,000 (1,304,000) (921,000) 4,765,000
Cash – Beginning   4,934,000 5,855,000 5,855,000 1,090,000
Cash – End of period $ 5,855,000 $ 33,246,000 $ 4,551,000 4,934,000 5,855,000
Conversion of promissory notes into Series A preferred stock, net       11,838,000
Issuance of convertible preferred shares in exchange for settlement of Privateer related party payables       6,023,000
Extinguishment of Privateer related party payables       $ 1,456,000