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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net loss $ (33,245) $ (16,969) $ (20,174)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation, Depletion and Amortization, Total 1,238 1,059 1,049
Foreign currency remeasurement loss (gain) 1,308 (378) 362
Provision for doubtful accounts (740) 690 296
Stock-based compensation 59,508 33,767 13,893
Loss (gain) on disposal of property and equipment (15) 80 7
Deferred income taxes (175) (433) (1,610)
Change in value of earn-out and warrant liabilities (21,233) 0 0
Changes in operating assets and liabilities:      
Accounts receivable and long-term unbilled receivables (9,012) (8,946) (13,150)
Prepaid expenses and other current assets (5,914) 1,204 156
Deferred contract costs and other assets (8,121) (3,236) (5,023)
Accounts payable, accrued expenses and other liabilities 10,626 971 7,778
Deferred revenue 10,805 11,311 14,365
Net cash provided by (used in) operating activities 5,030 19,120 (2,051)
Investing activities      
Maturity (purchase) of short-term investments (916) 2,391 (398)
Purchase of property and equipment (2,461) (1,023) (1,083)
Net cash provided by (used in) investing activities (3,377) 1,368 (1,481)
Financing activities      
Proceeds from recapitalization of Apex shares 491,563 0 0
Redemption of redeemable convertible preferred stock (130,925) (33,712) (179,000)
Redemption of Legacy AvePoint common stock (106,169) 0 0
Purchase of treasury stock (1,628) 0 0
Payment of net cash settlement for management options (7,530) 0 0
Proceeds from stock option exercises 5,566 612 88
Proceeds from sale of common shares of subsidiary 753 7,505 0
Repayments of capital leases (25) (49) (82)
Payments of debt issuance costs 0 (300) 0
Proceeds from issuance of Common stock, net of issuance costs 0 58,770 33,670
Collection of promissory note 0 284 0
Collection of non-recourse promissory note 0 4,639 0
Proceeds from issuance of Series C convertible preferred stock 0 0 150,000
Payments of transaction fees by Legacy AvePoint (2,998) (2,089) 0
Payments of transaction fees (49,990) (101) (4,770)
Net cash provided by (used in) financing activities 198,617 35,559 (94)
Effect of exchange rates on cash (1,165) 903 (590)
Net increase (decrease) in cash and cash equivalents 199,105 56,950 (4,216)
Cash and cash equivalents at beginning of period 69,112 12,162 16,378
Cash and cash equivalents at end of period 268,217 69,112 12,162
Supplemental disclosures of cash flow information      
Interest 13 0 0
Income taxes 4,037 1,068 247
Non-cash investing and financing activities      
Issuance of common shares in exchange for issuance cost 0 2,408 0
Property and equipment acquired under capital leases $ 0 $ 29 $ 57