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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 loss $ (26,451) $ (95,255)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,279 1,487
Loss from PIK Note Amendment and 2022 Debenture Release 3,521
Impairment charges 2,633 1,370
Equity-based compensation 381 11,035
Cantor commitment fee paid in common stock 1,600
Loss on settlement of the forward purchase agreement paid in common stock 270
Release of forward purchase agreement collateral upon cancellation 26,773
Vendor share issuance paid in common stock 376
Amortization of consulting fees paid in common stock 2,221 4,679
Common stock issued and issuable under Shares for Services Agreements 865
Change in fair value of convertible debentures 28,180
Change in fair value of warrants (303) (2,076)
Conversion of accrued interest 593
PIK interest 616 130
Amortization of debt issuance costs 448 91
Contributions in the form of rent payments 225
Amortization of right-of-use assets 28
Accretion of operating lease liabilities (28)
Recognition of prepaid offering costs upon election of fair value option 107
Other 125 6
Changes in operating assets and liabilities:    
Supplies 1,313 (1,018)
Prepaid expenses and consulting fees 3,055 (2,832)
Other current assets 5 (91)
Other assets (100)
Cloud computing arrangements (1,773)
Reinsurance recoverables 18,573 890
Accounts payable 1,297 127
Accrued and other liabilities 2,350 2,336
Policy reserves (18,573) (890)
Net cash used in operating activities (6,645) (23,760)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (110)
Development of internal use software (1,760)
Net cash used in investing activities (1,870)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible debentures 28,000
Warrant repurchase (507)
Senior PIK Notes proceeds 3,458
Reverse recapitalization proceeds 23,237
Forward purchase agreement (30,561)
Forward purchase agreement collateral release 2,362
Private placements 1,176
Deferred offering costs (299) (540)
Related parties promissory notes/payables 291 (1,160)
Net cash provided by financing activities 1,168 24,289
Net change in cash and cash equivalents (5,477) (1,341)
Cash and cash equivalents at beginning of period 5,515 6,856
Cash and cash equivalents at end of period 38 5,515
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of debt 88,382
Deemed dividends related to the Exchange Offer and trigger of down round provisions of Assumed Warrants 3,378
PIK Note Amendment 1,339
2022 Debenture Release 2,182
Conversion of preferred stock 21,854
Accrued internal use software 239
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest, net of amounts capitalized 1,219
Cash paid for income taxes