XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net cash provided by operating activities    
Net loss $ (5,349) $ (6,504)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 603 2,290
Loss on tangible and intangible assets 15 0
Unrealized loss on foreign currency transactions 1,078 340
Stock-based compensation expense 502 1,036
Amortization of debt issuance costs and accretion of debt discounts 805 916
Loss on extinguishment of debt 3,964 0
Deferred tax expense (79) 2,340
Provision for credit losses 142 95
Non-cash lease expense 546 470
Change in operating assets and liabilities:    
Accounts receivable 261 (3,328)
Prepaid expenses and other current assets (1,053) (2,095)
Other assets (31) (33)
Accounts payable, accrued expenses, and other current liabilities (9,937) 1,533
Other liabilities (599) (93)
Deferred revenue (1,343) 2,646
Net cash used in operating activities (10,475) (387)
Net cash provided by investing activities    
Capital expenditures (490) (423)
Net cash used in investing activities (490) (423)
Net cash provided by financing activities    
Proceeds from debt, net of discount and issuance costs 97,750 0
Repayment of debt (85,552) (3,163)
Debt issuance costs paid to third parties (3,531) 0
Payment of early extinguishment of debt charge (893) 0
Payments directly related to debt 0 (523)
Net cash provided by (used in) financing activities 7,774 (3,686)
Net change in cash and cash equivalents and restricted cash (3,191) (4,496)
Effects of exchange rate fluctuations on cash and cash equivalents and restricted cash 55 781
Net decrease in cash and cash equivalents and restricted cash (3,136) (3,715)
Cash and cash equivalents and restricted cash at beginning of period 16,279 21,117
Cash and cash equivalents and restricted cash at end of period 13,143 17,402
Supplemental disclosure of cash flow information:    
Cash paid for interest including payment of early extinguishment of debt charges of $893 and $0, respectively 2,953 2,497
Cash paid for income taxes 29 0
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets    
Cash and cash equivalents 13,007  
Restricted cash included in other current assets 136  
Total cash and cash equivalents and restricted cash as shown on the condensed consolidated statements of cash flows $ 13,143 $ 17,402