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Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net loss $ (4,094) $ (7,879)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,520 1,896
Bad debt (17) 398
Deferred income taxes 2,663 (4,519)
Stock-based compensation 21,459 13,584
Change in fair value of warrants 979 0
Changes in assets and liabilities:    
Accounts receivable (10,549) (2,139)
Unbilled receivables (1,257) 2,973
Prepaid income taxes 127 (822)
Prepaid expenses and other current assets (2,062) 10
Accounts payable 676 (250)
Accrued liabilities 16 (576)
Accrued compensation and benefits 1,533 348
Accrued income taxes 848 110
Other current liabilities 813 (136)
Net cash provided by operating activities 14,655 2,998
Cash flows from investing activities    
Purchase of property and equipment (3,016) (1,607)
Acquisition of Tacit, net of cash acquired (Note 4) (30,585) 0
Net cash used in investing activities (33,601) (1,607)
Cash flows from financing activities    
Cash received from ChaSerg 0 208,997
GDI shares redeemed for cash 0 (123,865)
Equity issuance costs 0 (2,264)
Payments of tax obligations resulted from net share settlement of vested stock awards (21,007) 0
Proceeds from exercises of stock options, net of shares withheld for taxes 619 78
Proceeds from exercise of public warrants 48,145 0
Proceeds related to issuance of Common Stock from July 2021 Offering 78,311 0
Payments for professional fees related to issuance of common stock from July 2021 Offering (498) 0
Net cash provided by financing activities 105,570 82,946
Effect of exchange rate changes on cash and cash equivalents (72) 0
Net increase in cash and cash equivalents 86,552 84,337
Cash and cash equivalents, beginning of period 112,745 42,189
Cash and cash equivalents, end of period 199,297 126,526
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1,403 1,370
Supplemental disclosure of non-cash activities    
Conversion of preferred stock to common stock 0 9,187
Conversion of private warrants 979 0
Contingent consideration for acquisition of businesses $ 2,979 $ 0