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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 $ (294,792) $ (128,300)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 9,846 2,047
Stock-based compensation 6,474 3,468
Loss on disposal of property and equipment 1,407 647
Change in fair value measurements (6,344) 37,647
Loss (gain) on foreign exchange 2,484 (1,823)
Loss (gain) on forgiveness of accounts payable and deposits, net 2,190 (862)
Non-cash interest expense 4,609 37,938
Loss on extinguishment of related party notes payable, notes payable and vendor payables in trust, net 0 1,309
Gain on forgiveness of vendor payables in trust 0 (1,731)
Other 216 0
Changes in operating assets and liabilities    
Deposits 11,104 733
Other current and other non-current assets 2,048 312
Accounts payable 24,403 (15,206)
Accrued expenses and other current liabilities 12,785 11,510
Operating lease liabilities (1,678) 0
Accrued interest expense (9,856) 0
Net cash used in operating activities (235,104) (52,311)
Cash flows from investing activities    
Payments for property and equipment (90,234) (1,386)
Net cash used in investing activities (90,234) (1,386)
Cash flows from financing activities    
Proceeds from related party notes payable 0 200
Proceeds from notes payable, net of original issuance discount 0 111,740
Payments of related party notes payable 0 (1,528)
Payments of notes payable, including Payment Premium (87,258) 0
Payments of notes payable issuance costs 0 (3,355)
Payments of finance lease obligations (936) (2,212)
Proceeds from exercise of stock options 2,354 7,751
Payments of stock issuance costs 0 (1,071)
Net cash (used in) provided by financing activities (85,840) 111,525
Effect of exchange rate changes on cash and restricted cash 2,235 (1,407)
Net (decrease) increase in cash and restricted cash (408,943) 56,421
Cash and restricted cash, beginning of period 530,477 1,827
Cash and restricted cash, end of period 121,534 58,248
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash 120,585 52,527
Restricted cash 949 5,721
Total cash and restricted cash, end of period 121,534 58,248
Supplemental disclosure of noncash investing and financing activities    
Recognition of operating right of use assets and lease liabilities for new leases 9,991 0
Additions of property and equipment included in accounts payable and accrued expenses 7,331 939
Conversion of The9 Conditional Obligation to equity 0 2,863
Conversion of related party notes payable and related party accrued interest to Class A common stock 0 134,359
Supplemental disclosure of cash flow information    
Cash paid for interest $ 12,937 $ 6,584