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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:              
Cash (includes restricted cash of $0 and $875 as of June 30, 2022 and December 31, 2021) $ 64,208   $ 115,174 $ 15,169   $ 5,998 $ 2,446
Accounts receivable 28,947   20,007     17,146  
Other receivables 422   1,237     113  
Inventories, net 8,580   6,438     4,354  
Prepaid expenses 10,048   11,200     2,109  
Total current assets 112,205   154,056     29,720  
Property and equipment, net 6,014   4,192     2,104  
Operating right of use assets 17,255   0        
Intangible assets, net 19,383   18,245     19,516  
Goodwill 34,476   26,626     14,227  
Other assets 407   320     122  
Total assets 189,740   203,439     65,689  
Current liabilities:              
Current portion of operating lease liabilities 4,486   0        
Current portion of long-term debt 0   183     5,368  
Accounts payable 13,900   15,559     12,643  
Income taxes payable 132   132     1,144  
Accrued expenses and other current liabilities 17,610   13,924     9,452  
Total current liabilities 36,128   29,798     28,607  
Operating lease liabilities 14,614   0        
Derivative warrant liabilities 1,589   2,193     0  
Derivative earnout liabilities 9,778   60,018     0  
Other non-current liabilities 3,146   6,900     807  
Deferred income taxes liability 502   371     1,613  
Total liabilities 65,757   99,280     37,588  
Commitments and contingencies (Note 15) 0   0     0  
Stockholders’ equity:              
TOI Common shares, $0.0001 par value, authorized 500,000,000 shares; 71,980,872 and 73,249,042 shares issued and outstanding at June 30, 2022 and December 31, 2021 7   7     6  
TOI Convertible Series A Common Equivalent Preferred Shares, $0.0001 par value, authorized 10,000,000 shares; 166,640 shares and 163,510 issued and outstanding at June 30, 2022 and December 31, 2021 0   0     0  
Additional paid-in capital 173,377   167,386     80,402  
Accumulated deficit (49,401)   (63,234)     (52,307)  
Total stockholders’ equity 123,983 $ 131,998 104,159 $ 50,402 $ 47,146 28,101 $ 42,222
Total liabilities, cumulative preferred shares and stockholders’ equity $ 189,740   $ 203,439     $ 65,689