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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (76,932) $ (37,614)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 159 71
Equity-based compensation 1,002 8
Cantor Commitment Fee 1,600  
Amortization of consulting fees 2,954  
Change in fair value of convertible debentures 28,180 24,890
Change in fair value of forward purchase agreement collateral derivative 27,378  
Change in fair value of warrants (1,349)  
Change in fair value of forward purchase agreement put derivative 1,284  
Conversion of accrued interest 593  
Contributions in the form of rent payments 225 410
Amortization of right-of-use assets 20  
Accretion of operating lease liabilities (20)  
Recognition of prepaid offering costs upon election of fair value option 107  
Accretion of interest earned on investment in convertible promissory note   (26)
Other   13
Changes in operating assets and liabilities:    
Supplies (1,762) (296)
Prepaid expenses, consulting fees, and other current assets (1,002) 55
Cloud computing arrangements (1,941) (1,701)
Reinsurance recoverables 709 88
Accounts payable (489) 2,247
Accrued and other liabilities 761 197
Policy reserves (709) (88)
Net cash used in operating activities (19,232) (11,746)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (108) (73)
Asset acquisition, net of cash acquired   (63)
Development of internal use software (1,622) (9)
Acquisition of convertible promissory note   (50)
Net cash used in investing activities (1,730) (195)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of related party convertible debentures   3,250
Proceeds from issuance of convertible debentures 28,000 7,250
Warrant repurchase (507)  
Senior PIK Notes proceeds 3,458  
Reverse recapitalization proceeds 23,226  
Forward purchase agreement escrow (29,135)  
Forward purchase agreement proceeds 484  
Forward purchase agreement collateral release to Meteora 733  
Deferred offering costs (539)  
Related party promissory note (1,160)  
Proceeds received from stockholder subscription receivable   3,750
Net cash provided by financing activities 24,560 14,250
Net increase in cash and cash equivalents 3,598 2,309
Cash and cash equivalents at beginning of period 6,856 8,123
Cash and cash equivalents at end of period 10,454 10,432
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of phantom equity to stock options   $ 54
Conversion of debt 88,382  
Conversion of preferred stock 21,854  
Accrued internal use software $ 239