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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (4,617) $ (2,426)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 149 138
Stock-based compensation expense 2,388 521
Bad debt expense 640 312
Noncash lease costs 0 230
Noncash amortization of debt discount 233 0
Noncash interest expense associated with convertible debt 243 111
Noncash change in fair value of derivatives (14,000) 0
Other 13 42
Changes in operating assets and liabilities:    
Accounts receivable (687) (763)
Prepaid expenses and other current assets (3,977) (8)
Accounts payable 1,456 (458)
Accrued expenses and other current liabilities (713) 1,206
Deferred revenue 492 494
Net cash used in operating activities (18,380) (601)
Cash flows from investing activities    
Purchase of property, equipment, and software (1,415) (19)
Net cash used in investing activities (1,415) (19)
Cash flows from financing activities    
Proceeds from exercise of stock options 157 81
Proceeds from convertible promissory notes 29,374 23,970
Proceeds from business combination placed in escrow and restricted 39,032 0
Trust proceeds received from recapitalization at closing 582 0
Transaction costs associated with recapitalization (10,761) 0
Payments on related party payables (18) (210)
Net cash provided by financing activities 58,366 23,841
Net increase in cash, cash equivalents, and restricted cash 38,571 23,221
Cash, cash equivalents, and restricted cash, beginning of period 28,695 4,934
Cash, cash equivalents, and restricted cash, end of period 67,266 28,155
Supplemental disclosure of non-cash financing activities    
Stockholder contribution for debt issuance costs 924 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