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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities:    
Net loss $ (8,854) $ (1,180)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 217 107
Bad debt expense 26
Stock-based compensation 1,010 74
Noncash lease costs 121 124
Gain on extinguishment of debt (635) 0
Changes in operating assets and liabilities:    
Accounts receivable (461) 499
Prepaid expenses and other assets (96) (234)
Accounts payable and accrued expenses 1,105 (64)
Deferred revenue 993 (352)
Net cash used in operating activities (6,574) (1,026)
Investing Activities:    
Purchases of property and equipment (806) (62)
Purchases of intangible assets – domain name (85) 0
Net cash used in investing activities (891) (62)
Financing Activities:    
Proceeds from PPP loan payable 0 629
Proceeds from stock options exercised 168 85
Payments of dividends 0 (67)
Reduction of finance lease liability (70) (21)
Net cash provided by financing activities 98 626
Net decrease in cash and cash equivalents (7,367) (462)
Cash and cash equivalents at beginning of period 16,704 3,334
Cash and cash equivalents at end of period 9,337 2,872
SUPPLEMENTAL DISCLOSURE OF CASH FLOW ACTIVITIES:    
Cash paid for interest 3 2
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Preferred stock dividends accrued 0 66
Conversion of preferred stock to common 0 96
Assets acquired under a Right of Use (“ROU) operating lease 31 0
Assets acquired under a ROU finance lease $ 213 $ 0