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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 113,629 $ (25,995)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 352 166
Amortization of intangibles 171 167
Amortization of deferred rent 0 (22)
Non-cash lease expense 480 0
Other 1,155 (1)
Stock-based compensation expense 36,362 14,564
Amortization of debt discount and issuance costs 6 6
Gain from change in fair value of warrants (51,763) 0
Gain from change in fair value of earnout liability (118,260) 0
Change in operating assets and liabilities:    
Accounts receivable (1,144) (349)
Inventory (2,017) (4,520)
Prepaid expenses and other current assets 926 (2,230)
Other assets 418 (121)
Accounts payable, accrued compensation and other liabilities 1,883 4,562
Operating lease liability (581) 0
Net cash used in operating activities (18,383) (13,773)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Business acquisition, net of cash acquired (645) 0
Asset acquisition 0 (680)
Investment in joint venture (5,204) (150)
Purchases of property and equipment (2,305) (641)
Receipts on notes receivable 97 2
Net cash used in investing activities (8,057) (1,469)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Redemption of warrants (38) 0
Repurchase of common stock (550) 0
Proceeds from issuance of common stock in connection stock option exercises 880 222
Proceeds from issuance of long-term debt 0 0
Principal payments on long-term debt (1,600) 0
Net cash provided by financing activities (1,308) 222
Effect of exchange rate changes on cash 0 (1)
NET DECREASE IN CASH AND CASH EQUIVALENTS (27,748) (15,021)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 268,252 38,869
CASH AND CASH EQUIVALENTS AT END OF PERIOD 240,504 23,848
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 188 0
Cash paid for interest 132 60
Shares issued for business acquisition 1,068 0
Capital expenditures in accounts payable $ 873 $ 254