XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (32,126) $ (7,012)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Impairment of acquired contract intangible asset 3,724 0
Share-based compensation expense 4,016 75
Change in fair value of convertible promissory notes 0 (1,206)
Non-cash interest expense 115 451
Gain upon extinguishment of debt 0 (196)
Non-cash lease expense 157 89
Depreciation and amortization expense 101 4
Changes in operating assets and liabilities:    
Accounts receivable (2,063) 14,149
Inventory (727) 0
Prepaid expenses and other current assets (524) (111)
Other non-current assets 284 0
Operating lease liability (90) (88)
Accounts payable and accrued liabilities (3,111) 1,223
Other liabilities 109 0
Net cash (used in) provided by operating activities (30,135) 7,378
Cash flows from investing activities:    
Purchases of property and equipment (264) 0
Deferred acquisition costs paid 0 (157)
Net cash used in investing activities (264) (157)
Cash flows from financing activities:    
Issuance of common stock upon exercise of stock options 380 0
Issuance of common stock upon exercise of warrants 54 0
Deferred offering costs paid for financing (223) (1)
Net cash provided by (used in) financing activities 211 (1)
Net (decrease) increase in cash, cash equivalents and restricted cash (30,188) 7,220
Cash, cash equivalents and restricted cash at beginning of year 148,989 4,455
Cash, cash equivalents and restricted cash, end of period 118,801 11,675
Supplemental disclosure of cash flow information:    
Interest paid during the period 115 0
Taxes paid during the period 9 0
Supplemental disclosure of non-cash activities:    
Deferred transaction costs included in accounts payable and accrued liabilities 75 151
Accrued property and equipment 51 0
Operating lease liability arising from obtaining right-of-use asset $ 1,210 $ 0