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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (12,530) $ (3,688)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Net accretion of discount on investment securities (61) 0
Noncash lease expense on operating leases 541 0
Depreciation and amortization 4,863 4,010
Stock-based compensation 3,835 908
(Gain) loss on disposal of assets and other adjustments (1) 16
Changes in operating assets and liabilities:    
Accounts receivable 68 (15)
Prepaid expenses and other current assets (153) 4
Other assets 91 (27)
Accounts payable 462 326
Accrued expenses and other current liabilities 1,187 89
Accrued VAT liability 446 19
Deferred revenue 912 1,021
Operating lease liabilities (528) 0
Other long-term liabilities (32) (148)
Net cash (used in) provided by operating activities (900) 2,515
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of marketable securities (79,782) 0
Proceeds from disposal of property and equipment 1 13
Purchases of property and equipment, net (516) (2,610)
Capitalized internally-developed software costs (1,180) (911)
Net cash used in investing activities (81,477) (3,508)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance leases and lease financing obligations (3,405) (2,801)
Payments of deferred offering costs (658) (755)
Proceeds from debt facility 0 1,256
Repayment of debt facility 0 (1,256)
Proceeds from lease financing obligations 0 2,784
Proceeds from exercises of stock options 887 148
Net cash used in financing activities (3,176) (624)
Net decrease in cash, cash equivalents and restricted cash (85,553) (1,617)
Cash, cash equivalents and restricted cash at beginning of period 105,012 6,076
Cash, cash equivalents and restricted cash at end of period 19,459 4,459
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 948 849
Cash paid for income taxes 26 0
Cash paid for operating lease liabilities 598 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Stock-based compensation included in capitalized software 383 52
Accrued bonus classified as stock-based compensation 493 0
Equipment acquired through finance lease obligations 4,451 3,306
Accruals related to purchases of property and equipment 124 1,144
Lease liabilities arising from right-of-use assets upon adoption of ASC 842 5,220 0
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 19,290 4,459
Restricted cash - included in other assets 169 0
Total cash, cash equivalents and restricted cash $ 19,459 $ 4,459