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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (130,356) $ (35,181)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 56,812 7,306
Non-cash interest expense 40,071 8,727
Change in fair value of derivative liabilities 1,025 7,499
Change in fair value of share-settled forward asset 8,956  
Non-cash bonus expense 1,412 0
Depreciation and amortization 472 490
Non-cash lease expense 333 0
Paid-in-kind interest and accrued interest on repayment of 2022 Notes (9,341) 0
Gain on extinguishment of debt 0 (2,515)
Other 0 (70)
Changes in operating assets and liabilities:    
Accounts receivable (175) 290
Inventory (2,279) 446
Prepaid expenses and other current assets (1,907) 166
Other long-term assets (1) (1,780)
Accounts payable 1,835 629
Accrued expenses (61) (222)
Accrued settlement liability 250
Other current liabilities (452) 0
Other long-term liabilities 77 (251)
Net cash used in operating activities (33,329) (14,466)
Cash flows from investing activities    
Purchases of property and equipment (431) (5)
Net cash used in investing activities (431) (5)
Cash flows from financing activities    
Related party proceeds from PIPE financing 36,950 0
Proceeds from Business Combination and PIPE financing 13,414 0
Proceeds from draw down on GEM Agreement 9,900  
Payments of offering costs (8,188) 0
Repayment of 2022 Notes (25,813) 0
Proceeds from exercise of stock options 58 74
Proceeds from exercise of common stock warrants 70 0
Proceeds from issuance of convertible notes 0 37,130
Proceeds from issuance of convertible notes to related parties 0 11,475
Net cash provided by financing activities 26,391 48,679
Effect of exchange rate changes on cash, cash equivalents and restricted cash (18) (6)
Net increase (decrease) in cash, cash equivalents and restricted cash (7,387) 34,202
Cash, cash equivalents and restricted cash at beginning of period 26,176 7,668
Cash, cash equivalents and restricted cash at end of period 18,789 41,870
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 9,326 236
Supplemental schedule of noncash investing and financing activities:    
Conversion of redeemable convertible preferred stock to common stock 152,978 0
Conversion of 2023 Notes into equity 101,978 0
Issuance of common stock warrants 17,602 21,970
Assumption of net liabilities from Business Combination 15,956 0
Issuance of share-settled forward asset 10,027  
Offering costs paid in common stock 9,531 0
GEM commitment fee 2,500 0
Fair value of debt derivative liabilities related to issuance of convertible notes $ 0 $ 17,540