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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Operating activities      
Net loss $ (51,404) $ (6,033)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 394 180  
Stock-based compensation 34,230 1,404  
Change in fair value of warrant liabilities 2,681 (71)  
Warrant expense in connection with Merger 154 0  
Amortization of debt issuance costs 144 84  
Noncash other 452 (16)  
Changes in operating assets and liabilities:      
Inventory (980) (2,000)  
Prepaid expenses and other current assets (7,147) (471)  
Other long-term assets (58) 733  
Accounts payable 5,117 674  
Accrued liabilities 1,114 199  
Deferred revenue (648) 126  
Deferred rent 3 0  
Net cash used in operating activities (15,948) (5,191)  
Investing activities      
Purchases of investments (172,021) (17,642)  
Maturities of investments 9,500 19,200  
Proceeds from sales of investments 0 6,400  
Investment in website development and internal-use software (740) (452)  
Purchases of property, equipment, and intangible assets (63) (273)  
Net cash (used in)/provided by investing activities (163,324) 7,233  
Financing activities      
Proceeds from issuance of redeemable convertible preferred stock 0 31,600  
Payments of stock issuance costs (12,794) (89)  
Pre-closing stock repurchase (22,027) 0  
Proceeds from issuance of common stock, recapitalization 197,686 0  
Proceeds from PIPE 75,000 0  
Repayment of promissory notes associated with vested and unvested shares 1,193 0  
Proceeds from exercise of Class A common stock warrants 807 0  
Proceeds from exercise of vested and unvested stock options, net of repurchases 80 (18)  
Repayments of principal on term loan 0 (1,158)  
Net cash provided by financing activities 239,945 30,335  
Foreign currency effect on cash and cash equivalents 2 (9)  
Increase in cash, cash equivalents, and restricted cash 60,675 32,368  
Cash, cash equivalents, and restricted cash at beginning of the year 28,350 22,797 $ 22,797
Cash, cash equivalents, and restricted cash at end of the three-month period 89,025 55,165 $ 28,350
Supplemental disclosures of cash flow information      
Cash paid for taxes 59 69  
Cash paid for interest 0 8  
Noncash investing and financing activities      
Recapitalization of redeemable convertible preferred stock from pre-closing stock repurchase 125 0  
Conversion of redeemable convertible preferred stock to common stock 249,837 0  
Assumption of Merger warrants liability 51,814 0  
Exercise of Private Placement Warrants and Public Warrants 20,871 0  
Reclassification of deferred transaction costs 3,929 0  
Conversion of Series D preferred stock warrants to Class A common warrants 1,160 0  
Change in transaction costs payable 511 0  
Vesting of early exercised stock options 54 11  
Expiration of Class A common stock redemption right $ 0 $ 4,500