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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
8 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (10,391) $ (124,050)
Adjustments to reconcile net loss to cash used by operating activities:    
Stock-based compensation 342 2,755
Gain on disposal of fixed assets   (2,346)
Non-cash change in fair value related to warrants   23,493
Changes in assets and liabilities:    
Accounts receivables   (21)
Prepaid expenses   (24,663)
Accounts payable 1,801 25,767
Accrued expenses and due to related party 3,046 (531)
Cash used by operating activities (5,202) (99,596)
Cash flows from investing activities    
Purchases of capital assets (133) (52,645)
Proceeds from the sale of capital assets   2,396
Cash used by investing activities (133) (50,249)
Cash flows from financing activities    
Proceeds from notes payable   38,796
Cash received in recapitalization, net of transaction costs   701,520
Cash proceeds from exercise of warrants   30,692
Issuance of common stock 7,494 6,439
Cash provided by financing activities 7,494 777,447
Increase in cash and cash equivalents 2,159 627,602
Cash and cash equivalents, beginning balance   2,159
Cash and cash equivalents, ending balance 2,159 629,761
Non cash items    
Conversion of notes payable to equity   38,725
Capital assets acquired with payables 20,142 5,592
Capital assets exchanged for equity   $ 23,200
Common stock issued in exchange for intangible assets $ 11,111