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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:          
Net loss $ (12,225) $ (74,609) $ (76,173) $ (139,702)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization 2,121 1,356 6,161 1,875  
Loss on extinguishment of debt   (63)   326  
Gain on sale of property and equipment     (187)    
Non-cash operating lease expense     4,184 757  
Stock-based compensation expense (5,353) 32,587 14,643 35,388  
Changes in fair value of financial instruments carried at fair value, net     1,918 49,426  
Amortization of debt discounts and debt issuance costs     137 48  
Deferred income taxes     (95) (3,571)  
Changes in operating assets and liabilities:          
Accounts receivable, net     605 399  
Prepaid expenses and other current assets     1,308 (6,315)  
Other assets     610 (671)  
Accounts payable     13,575 1,488  
Due to a related party     2,548 (525)  
Accrued expenses and other current liabilities     8,442 14,972  
Deferred revenue     (4,311) 1,634  
Operating lease liabilities     (4,086) (571)  
Other liabilities     (21) (33)  
Cash flows used in operating activities     (30,742) (45,075)  
Cash flows from investing activities:          
Purchase of property and equipment     (2,673) (11,653)  
Net cash received from Southern Acquisition       678  
Internal-use software development costs     (1,792) (148)  
Net cash used in investing activities     (4,465) (11,123)  
Cash flows from financing activities:          
Payments of borrowings on convertible notes       (40)  
Principal payments on long-term debt     (2,331) (586)  
Proceeds from borrowings of SAFE notes       3,716  
Proceeds from advances under Share Purchase Agreement     3,894 4,500  
Proceeds from collateralized borrowings, net of repayment     2,847 (33)  
Proceeds from borrowings on convertible notes       8,000  
Proceeds from borrowings from related parties     29,662 16,477  
Payments of borrowings from related parties       (114)  
Proceeds from the issuance of Class B-6a redeemable convertible preferred shares       3,000  
Proceeds from Issuance of Common Stock       25,000  
Common stock repurchases for employee tax withholding       (1,273)  
Proceeds from the exercise of ordinary warrants       3,175  
Proceeds from the exercise of ordinary warrants       128  
Proceeds from exercise of stock options     1 191  
Payment of finance lease obligations     (175) (30)  
Net cash provided by financing activities     33,898 62,111  
Increase (decrease) in cash, cash equivalents and restricted cash     (1,309) 5,913  
Cash, cash equivalents and restricted cash at beginning of period     2,431 912 $ 912
Cash, cash equivalents and restricted cash at end of period $ 1,122 $ 6,825 $ 1,122 $ 6,825 $ 2,431