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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (16,252) $ (51,404)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,741 394
Stock-based compensation 8,856 34,230
Change in fair value of liabilities (441) 2,681
Warrant expense in connection with Merger 0 154
Amortization of debt issuance costs 0 144
Net amortization on securities 971 287
Benefit for deferred taxes (112) 0
Non-cash operating lease cost 377 378
Non-cash other (94) 165
Changes in operating assets and liabilities:    
Inventory 1,415 (980)
Prepaid expenses and other current assets (7,677) (7,147)
Other long-term assets (30) (58)
Accounts payable 4,266 5,117
Accrued liabilities (3,148) 1,114
Deferred revenue (2,043) (648)
Operating lease liabilities (384) (375)
Earn-out payable (6,848) 0
Net cash used in operating activities (19,403) (15,948)
Investing activities    
Purchases of investments (84,881) (172,021)
Maturities of investments 82,340 9,500
Proceeds from sales of investments 22,291 0
Investment in website development and internal-use software (1,197) (740)
Purchases of property, equipment, and intangible assets (100) (63)
Net cash provided by (used in) investing activities 18,453 (163,324)
Financing activities    
Pre-closing stock repurchase 0 (22,027)
Proceeds from issuance of common stock upon Merger 0 197,686
Proceeds from PIPE 0 75,000
Payments for transaction costs related to securities issuances 0 (12,794)
Proceeds from repayment of promissory notes associated with vested and unvested shares 0 1,193
Proceeds from exercise of Class A common stock warrants 0 807
Proceeds from exercise of vested and unvested stock options 891 80
Payments for taxes related to net share settlement of equity awards (404) 0
Payments for earn-out consideration for acquisitions (23,014) 0
Net cash (used in) provided by financing activities (22,527) 239,945
Foreign currency effect on cash and cash equivalents (23) 2
(Decrease) increase in cash, cash equivalents, and restricted cash (23,500) 60,675
Cash, cash equivalents, and restricted cash at beginning of period 72,640 28,350
Cash, cash equivalents, and restricted cash at end of period 49,140 89,025
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 48,284 88,169
Restricted cash 856 856
Total cash, cash equivalents, and restricted cash 49,140 89,025
Supplemental disclosures of cash flow information    
Cash paid for taxes 36 59
Non-cash investing and financing activities    
Recapitalization from redeemable convertible preferred stock pre-closing stock repurchase 0 125
Conversion of redeemable convertible preferred stock to common stock 0 249,837
Assumption of Merger warrants liability 0 51,814
Exercise of Private Placement Warrants and Public Warrants 0 20,871
Conversion of Series D preferred stock warrants to Class A common warrants 0 1,160
Vesting of early exercised stock options $ 38 $ 54