XML 19 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities          
Net loss $ (15,022) $ (1,507) $ (6,552) $ (12,678) $ (6,560)
Adjustments to reconcile net loss to net cash used in operating activities          
Depreciation - property and equipment 105 51 195 260 253
Depreciation - lease vehicles 15 49 146 244 85
Loss on disposition of property and equipment       321  
Gain on sale of lease vehicles         (16)
Provision for doubtful accounts 0 6 40 (14) (30)
Share-based compensation expense 41,963 34 45 113 151
Gain on marketable securities 0 13 (36)    
Change in fair value of warrants liability (12,358) (13) 14 (24) 2
Amortization of debt issuance costs     14    
Amortization of warrant liability     11    
Change in fair value of redeemable convertible preferred stock tranche obligation 0 (284) (923) 1,396 272
Other         (599)
Change in Operating Assets and Liabilities:          
Accounts receivable (5,192) 1,177 (916) (830) (706)
Inventories 1,991 1,790 (3,333) 2,883 (4,810)
Other current assets (5,868) 8 (6,445) (6) 48
Other assets (3,038) 9 44 (38) (164)
Accounts payable 3,140 (325) 4,149 1,392 223
Accrued expenses and transaction expenses 6,187 (54) 8,039 525 133
Accrued expenses - related party (229) (50) 96 172 (9)
Other current liabilities 559 67 (178) 229 20
Other liabilities (245) 150 998 582 (54)
Net Cash (Used in)/Provided by Operating Activities (19,600) 1,126 (4,592) (5,473) (11,761)
Cash Flows from Investing Activities          
Cash related to consolidation of Orange Grove         5
Purchase of property and equipment (586) (10) (154) (235) (474)
Proceeds from sale of lease vehicles         119
Purchase of lease vehicles 0 (246) (92) (252) (12)
Purchase of marketable securities (217,689) (421) (1,049)    
Proceeds from sales of marketable securities 59 18 68    
Net Cash Used in Investing Activities (219,486) (659) (1,227) (487) (362)
Cash Flows from Financing Activities          
Issuance of redeemable convertible preferred stock, net       7,988  
Payments made on long-term debt 0 (2) (9) (8) (4)
Borrowings on long-term debt 125,000 0 5,249 3,000  
Payments of debt issuance costs     (10) (112)  
Payments on floor plan notes payable (1,749) 0 (24,948) (41,711) (24,567)
Borrowings on floor plan notes payable 9,236 7,139 24,248 39,753 29,171
Payments made on promissory note       (418) (97)
Net Cash Provided by/(Used in) Financing Activities 310,746 (1,710) 4,530 8,492 4,503
Net Change in Cash and Cash Equivalents Including Restricted Cash 71,776 (1,243) (1,289) 2,532 (7,620)
Cash and cash equivalents and restricted cash, beginning 2,813 4,102 4,102 1,570 9,190
Cash and cash equivalents and restricted cash, ending 74,589 2,859 2,813 4,102 1,570
Supplemental Disclosure of Cash Flow Information          
Cash paid for interest 402 165 346 684 436
Supplementary Schedule of Non-cash Investing and Financing Activities:          
Purchases of property under capital lease obligations     1,305    
Transfer from property and equipment to inventory     27 53 26
Transfer from lease vehicles to inventory 100 199 217 295  
Redeemable convertible preferred stock distributions accrued 0 $ 457 1,884 1,579 1,014
Purchase of property and equipment with long-term debt         21
Promissory note based on consolidation of Orange Grove         $ 515
Issuance of common stock warrants     $ 15 72  
Settlement of redeemable convertible preferred stock tranche obligation $ 2,832     $ (902)