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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of Cash Flows [Abstract]      
Net loss $ (39,879) $ (6,552) $ (12,678)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization expense 3,257 195 260
Impairment – property and equipment 108 0 0
Amortization and accretion - marketable securities 2,465 0 0
Depreciation – lease vehicles 106 146 244
Loss on disposition of property and equipment 0 0 321
Gain on marketable securities 0 (36) 0
Provision for doubtful accounts 233 40 (14)
Stock-based compensation expense 51,121 45 113
Change in fair value of Merger warrants liability (32,733) 0 0
Change in fair value of historic warrants liability 0 14 (24)
Change in fair value of earnout shares (66,605) 0 0
Change in fair value of debt issuance costs and stock warrant 0 25 0
Change in fair value of redeemable convertible preferred stock tranche obligation 0 (923) 1,396
Unpaid interest expense on capital lease obligations 340 0 0
Change in Operating Assets and Liabilities:      
Accounts receivable (4,307) (916) (830)
Inventories (29,519) (3,333) 2,883
Other current assets (3,918) (6,445) (6)
Other assets (259) 44 (38)
Accounts payable 69 4,149 1,392
Accrued expenses 9,041 8,039 525
Accrued expenses – related party (229) 96 172
Other current liabilities 498 (178) 229
Other liabilities (1,070) 998 582
Net Cash Used in Operating Activities (111,281) (4,592) (5,473)
Cash Flows from Investing Activities      
Purchase of property and equipment (10,148) (154) (235)
Capitalized website and internal-use software costs (14,609) 0 0
Purchase of marketable securities (359,896) (1,049) 0
Proceeds from sales of marketable securities 239,931 68 0
Purchase of lease vehicles (1,793) (92) (252)
Net Cash Used in Investing Activities (146,515) (1,227) (487)
Cash Flows from Financing Activities      
Issuance of redeemable convertible preferred stock 0 0 7,988
Payments made on long-term debt (153) (9) (8)
Advance from holder of marketable securities 4,722 0 0
Repayment of advance from marketable securities (4,722) 0 0
PIPE issuance 125,000 0 0
Merger financing 309,999 0 0
Payment made on accrued dividends (4,853) 0 0
Payments to existing shareholders of Former CarLotz (62,693) 0 0
Transaction costs and advisory fees (47,579) 0 0
Payments made on cash considerations associated with stock options (2,465) 0 0
Repayment of Paycheck Protection Program loan (1,749) 0 0
Payments made on note payable (3,000) 0 (418)
Payments of debt issuance costs 0 (10) (112)
Borrowings on long-term debt 0 5,249 3,000
Payments on floor plan notes payable (150,090) (24,948) (41,711)
Borrowings on floor plan notes payable 171,866 24,248 39,753
Employee stock option exercise 404 0 0
Payments made for tax on equity award transactions (339) 0 0
Net Cash Provided by Financing Activities 334,348 4,530 8,492
Net Change in Cash and Cash Equivalents Including Restricted Cash 76,552 (1,289) 2,532
Cash and cash equivalents and restricted cash, beginning 2,813 4,102 1,570
Cash and cash equivalents and restricted cash, ending 79,365 2,813 4,102
Supplemental Disclosure of Cash Flow Information      
Cash paid for interest 1,743 346 684
Supplementary Schedule of Non-cash Investing and Financing Activities:      
Transfer From Property And Equipment To Inventory 0 27 53
Transfer from lease vehicles to inventory 264 217 295
Redeemable convertible preferred stock distributions accrued 0 1,884 1,579
Issuance of common stock warrants 0 15 72
KAR/AFC exercise of stock warrants (144) 0 0
KAR/AFC conversion of notes payable (3,625) 0 0
Convertible redeemable preferred stock tranche obligation expiration (2,832) 0 0
Capitalized website and internal use software costs accrued (790) 0 0
Purchase of property and equipment costs accrued (1,034) 0 0
Purchases of property under capital lease obligation (11,261) 1,305 0
Settlement of redeemable convertible preferred stock tranche obligation $ 0 $ 0 $ (902)