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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities:    
Net loss $ (14,951) $ (2,590)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 466 164
Bad debt expense 26 0
Stock-based compensation 1,072 174
Noncash lease costs 169 186
Gain on extinguishment of debt (635) 0
Gain on modification of lease (17) 0
Changes in operating assets and liabilities:    
Accounts receivable 159 536
Prepaid expenses and other assets (273) (514)
Accounts payable and accrued expenses 564 134
Deferred revenue 645 (457)
Net cash used in operating activities (12,775) (2,367)
Investing Activities:    
Purchases of property and equipment (1,048) (153)
Proceeds from sale of equipment 1 0
Purchases of intangible assets – domain name (85) 0
Net cash used in investing activities (1,132) (153)
Financing Activities:    
Proceeds from PPP loan payable 0 629
Proceeds from stock options exercised 244 193
Proceeds from public stock offering net of fees 4,751 0
Payments of dividends 0 (99)
Reduction of finance lease liability (639) (32)
Net cash provided by financing activities 4,356 691
Net decrease in cash and cash equivalents (9,551) (1,829)
Cash and cash equivalents at beginning of period 16,704 3,334
Cash and cash equivalents at end of period 7,153 1,505
SUPPLEMENTAL DISCLOSURE OF CASH FLOW ACTIVITIES:    
Cash paid for interest 3 2
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Preferred stock dividends accrued 0 79
Conversion of preferred stock to common 0 1,843
Assets acquired under a Right of Use (“ROU) operating lease 212 0
Assets acquired under a ROU finance lease $ 1,820 $ 0