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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (516,505) $ (147,085)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 8,158 3,517
Stock-based compensation 11,345 9,505
Vesting of restricted stock awards for employee bonus 18,617 0
Loss on disposal of property and equipment 64,191 10
Change in fair value measurements 22,700 5,076
Loss upon cancellation of a lease 0 206
(Gain) loss on foreign exchange (845) 4,108
Gain on forgiveness of accounts payable and loss on write-off of vendor deposits, net (7,005) 0
Non-cash interest expense 41,014 66,020
Loss (gain) at settlement of related party notes payable, notes payable, and vendor payables in trust, net 86,904 (2,107)
Gain on forgiveness of vendor payables in trust (1,731) 0
Reserve for unrecoverable value added taxes 6,404 0
Other 842 0
Changes in operating assets and liabilities    
Deposits (48,503) 0
Other current and non-current assets (21,717) (3,347)
Accounts payable (36,625) 11,500
Accrued expenses and other current liabilities 31,824 11,606
Transfers between vendor payables in trust and accounts payable 1,167 (174)
Net cash used in operating activities (339,765) (41,165)
Cash flows from investing activities    
Payments for property and equipment (95,681) (607)
Proceeds from payments on notes receivable 0 3,600
Net cash (used in) provided by investing activities (95,681) 2,993
Cash flows from financing activities    
Proceeds from issuance of Class A Common Stock in the Business Combination 229,583 0
Proceeds from issuance of Class A Common Stock pursuant to the PIPE Financing 761,400 0
Transaction costs paid in connection with the Business Combination (23,148) 0
Transaction costs paid in connection with the PIPE Financing (61,130) 0
Proceeds from related party notes payable 200 10,556
Proceeds from notes payable, net of original issuance discount 172,031 40,595
Payments of related party notes payable (38,217) (3,589)
Payments of notes payable, including liquidation premiums (48,210) (32)
Payments of Debt Issuance Costs (3,355) (4,562)
Payment of payables in vendor payables in trust (27,722) (4,500)
Transfers between vendor payables in trust and accounts payable (1,167) 174
Payments of capital lease obligations (3,212) (1,926)
Proceeds from exercise of stock options 10,587 115
Payments of stock issuance costs (1,071) 0
Net cash provided by financing activities 966,569 36,831
Effect of exchange rate changes on cash and restricted cash (2,473) (186)
Net increase (decrease) in cash and restricted cash 528,650 (1,527)
Cash and restricted cash, beginning of period 1,827 3,354
Cash and restricted cash, end of period 530,477 1,827
Cash 1,124 2,221
Restricted cash 703 1,133
Cash 505,091 1,124
Restricted cash 25,386 703
Supplemental disclosure of noncash investing and financing activities    
Conversion of related party notes payable and related party accrued interest to Class A Common Stock 294,796 0
Conversion of notes payable and accrued interest to Class A Common Stock 98,375 0
Issuance of warrants 17,596 490
Conversion of assumed convertible and promissory notes payable to Class A Common Stock and Private Warrants 1,080 0
Additions of property and equipment included in accounts payable and accrued expenses 863 3,817
Conversion of related party customer deposit to related party notes payable 0 11,635
Supplemental disclosure of noncash investing and financing activities related to the Business Combination    
Settlement of notes payable and accrued interest for a commitment to issue Class A Common Stock 68,541 0
Settlement of related party notes payable and related party accrued interest for a commitment to issue Class A Common Stock 69,218 0
Settlement of vendor payable in trust to a commitment to issue Class A Common Stock 96,186 0
Reclassification of deferred transaction costs paid in prior periods against the proceeds received in the Business Combination (7,865) 0
Supplemental disclosure of cash flow information    
Cash paid for interest 6,317 3,137
Class A Common Stock    
Supplemental disclosure of noncash investing and financing activities related to the Business Combination    
Exchange of shares 859,182 0
Class B Common Stock    
Supplemental disclosure of noncash investing and financing activities related to the Business Combination    
Exchange of shares 697,611 0
The9 Conditional Obligation    
Supplemental disclosure of noncash investing and financing activities    
Conversion of The9 Conditional Obligation to Class A Common Stock $ 2,863 $ 0