XML 62 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statement of Cash Flows (Statement) - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss [1] $ (50,988,000) $ (94,331,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 17,942,000 7,799,000
Non-cash lease expense related to operating lease right-of-use assets 1,034,000 1,429,000
Stock-based compensation 24,562,000 8,407,000
(Gain) loss on change in fair value of earn-out liability (98,730,000) 31,300,000
Loss on long-lived asset impairment 44,079,000 0
Gain on foreign currency exchange rates (372,000) 0
Provision for doubtful accounts 529,000 269,000
Loss on disposal of fixed assets 0 10,000
Changes in operating assets and liabilities:    
Accounts receivable and unbilled services (821,000) 232,000
Prepaid expenses and other current assets 282,000 (6,026,000)
Other assets 449,000 (142,000)
Accounts payable (6,778,000) 5,243,000
Accrued expenses and other current liabilities (6,545,000) 7,158,000
Deferred revenue 652,000 2,044,000
Operating lease liabilities (606,000) (1,112,000)
Other, net (132,000) 1,242,000
Net cash used in operating activities (75,443,000) (36,478,000)
Cash flows from investing activities:    
Payments related to capitalized software development costs (31,707,000) (19,345,000)
Purchases of property and equipment (167,000) (1,231,000)
Net cash used in investing activities (31,874,000) (20,576,000)
Cash flows from financing activities:    
Proceeds from warrant exercises 0 10,000
PIPE shares issuance, net of transaction costs 0 184,530,000
Merger shares issuance, net of transaction costs 0 52,200,000
Proceeds from stock option exercises 610,000 1,432,000
Net cash provided by financing activities 610,000 238,172,000
Effect of exchange rate changes on cash and cash equivalents 197,000 0
Net (decrease) increase in cash and cash equivalents (106,510,000) 181,118,000
Cash and cash equivalents, beginning of period 214,601,000 33,483,000
Cash and cash equivalents, end of period 108,091,000 214,601,000
Supplemental disclosures of non-cash activities    
Balance in accounts payable and accrued expenses and other current liabilities, and capitalized stock-based compensation related to capitalized software and fixed asset additions (3,412,000) (4,325,000)
Right-of-use asset obtained in exchange for operating lease liabilities 0 (1,305,000)
Conversion of preferred stock into common stock 0 (143,086,000)
Earn-out shares $ 0 $ 67,600,000
[1] Historical shares and capital amounts have been retroactively restated for reverse recapitalization as described in Note 1.