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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income/(loss) $ (7,700) $ (12,599) $ 10,807
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Depreciation and amortization 5,049 2,672 2,311
Impairment of goodwill 0 0 139
Bad debt expense 45 398 0
Deferred income taxes 2,611 (4,135) (425)
Stock-based compensation 33,036 20,006 2,441
Change in fair value of warrants 979 0 0
Changes in operating assets and liabilities:      
Accounts receivable (18,676) (1,418) (885)
Unbilled receivables (849) 3,237 (722)
Prepaid income taxes 237 (410) 121
Deferred transaction costs 0 0 (1,878)
Prepaid expenses and other current assets (1,176) 373 (1,101)
Accounts payable 957 (49) 301
Accrued liabilities 18 (1,579) (552)
Accrued compensation and benefits 873 (255) 1,424
Accrued income taxes 532 (166) 712
Other current liabilities 2,037 (143) (159)
Net cash provided by operating activities 17,973 5,932 12,534
Cash flows from investing activities      
Purchase of property and equipment (4,716) (2,252) (2,811)
Acquisition of business, net of cash acquired (Note 4) (30,650) (16,087) 0
Net cash used in investing activities (35,366) (18,339) (2,811)
Cash flows from financing activities      
Cash received from ChaSerg 0 208,997 0
GDI shares redeemed for cash 0 (123,865) 0
Proceeds related to issuance of Common Stock from July 2021 Offering 78,311 0 0
Equity issuance costs (498) (2,264) 0
Sales of common and preferred stock 0 0 14,904
Payments of dividends 0 0 (2,000)
Payments of tax obligations resulted from exercises of stock options, net of proceeds (27,528) 99 1,700
Payments of tax obligations resulted from net share settlement of vested stock units (49,296) 0 0
Proceeds from exercise of warrants 48,145 0 0
Net cash provided by financing activities 49,134 82,967 14,604
Effect of exchange rate changes on cash and cash equivalents (122) (4) 0
Net increase in cash and cash equivalents 31,619 70,556 24,327
Cash and cash equivalents, beginning of period 112,745 42,189 17,862
Cash and cash equivalents, end of period 144,364 112,745 42,189
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 2,448 2,128 3,195
Supplemental disclosure of non-cash activities      
Accrued software implementation costs 0 0 227
Acquisition fair value of contingent consideration issued for acquisition of business 4,986 1,947 0
Conversion of preferred stock to common stock $ 0 $ 9,187 $ 0