Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Restrictions on Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheets that sum to the total of the same on the consolidated statement of cash flows (in thousands):


	December 31, 2022		December 31, 2021
Cash and cash equivalents	$	337,087	$	370,968
Restricted cash	6,139		5,112
Total cash, cash equivalents and restricted cash	$	343,226	$	376,080

Schedule of Intangible Assets Estimated Useful Life

The Company’s intangible assets represent definite lived intangible assets, which are being amortized on a straight-line basis over their estimated useful lives as follows:


Customer relationships			2 years
Trade names			2-9 years
Software and technology			3-9 years

Schedule of Earnings per Share, Basic and Diluted

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):


	Years Ended December 31,
	2022		2021		2020
Basic loss per share:
Loss from continuing operations	$	(425,045)	$	(351,786)	$	(599,392)
Less: net loss attributable to non-controlling interest	442		126		29,059
Less: deemed dividend on Series D Preferred Stock	—		—		(171)
Loss from continuing operations available to common shareholders	(424,603)		(351,660)		(570,504)
Loss from discontinued operations, net of tax	(136,874)		(31,177)		—
Net loss attributable to common shareholders	$	(561,477)	$	(382,837)	$	(570,504)

Shares used in computation:
Weighted-average common shares outstanding	182,472,069		137,498,077		44,492,975
Basic and diluted loss per share from continuing operations	$	(2.33)	$	(2.56)	$	(12.82)
Basic and diluted loss per share from discontinued operations	$	(0.75)	$	(0.23)	$	—
Basic and diluted loss per share	$	(3.08)	$	(2.78)	$	(12.82)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:


	December 31,
	2022	2021	2020
Warrants to purchase common stock	166,670	565,544	2,535,528
Series AA convertible preferred shares	—	—	46,439,226
Stock options	15,517,069	15,908,187	16,808,862
Unvested restricted stock units	14,575,629	4,685,800	—
Convertible notes variable settlement feature	6,966,078	6,966,078	—
Total	37,225,446	28,125,609	65,783,616

Accounting Standards Update and Change in Accounting Principle

The following table summarizes the adjustments made to the Company’s consolidated balance sheet as of January 1, 2022 as a result of applying the modified retrospective method in adopting ASU 2020-06 (in thousands):


	As Reported		ASU 2020-06		As Adjusted
	December 31, 2021		Adjustments		January 1, 2022
2026 Convertible Notes	$	316,354	$	75,264	$	391,618
Additional paid-in capital	$	1,691,206	$	(87,946)	$	1,603,260
Accumulated deficit	$	(1,009,293)	$	12,682	$	(996,611)