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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net loss $ (602,239) $ (516,505)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 2,975 2,979
Amortization of operating lease right-of-use assets and intangible assets 2,520 368
Stock-based compensation 17,664 11,345
Vesting of restricted stock awards for employee bonus 0 18,617
Loss on disposal of property and equipment 2,695 64,191
Change in fair value measurement of related party notes payable and notes payable (22,281) 22,700
Change in fair value measurement of warrant liability 92,781 0
Loss (gain) on foreign exchange 2,484 (845)
Loss (gain) on forgiveness of accounts payable and deposits, net (see Note 6) 5,200 (7,005)
Non-cash interest expense 8,403 41,014
Loss on extinguishment of related party notes payable, notes payable and vendor payables in trust, net 73,204 86,904
Gain on forgiveness of vendor payables in trust 0 (1,731)
Reserve for unrecoverable value added taxes 0 6,404
Other 1,028 842
Changes in operating assets and liabilities:    
Deposits 10,874 (48,503)
Other current and non-current assets (9,700) (16,906)
Accounts payable 60,369 (36,625)
Accrued expenses and other current and non-current liabilities (14,947) 31,824
Operating lease liabilities (1,620) 0
Accrued interest expense (12,468) 0
Transfers between vendor payables in trust and accounts payable 0 1,167
Net cash used in operating activities (383,058) (339,765)
Cash flows from investing activities    
Payments for property and equipment (123,222) (95,681)
Net cash used in investing activities (123,222) (95,681)
Cash flows from financing activities    
Proceeds from notes payable, net of original issuance discount 73,800 172,031
Proceeds from exercise of stock options 9,535 10,587
Payments of notes payable issuance costs (3,834) (3,355)
Payments of notes payable, including liquidation premium (87,279) (48,210)
Payments of related party notes payable (517) (38,217)
Proceeds from exercise of warrants 4,229 0
Repurchase and retirement of Common Stock (767) 0
Payments of finance lease obligations (1,888) 0
Payments of capital lease obligations 0 (3,212)
Proceeds from issuance of Class A Common Stock in the Business Combination 0 229,583
Proceeds from issuance of Class A Common Stock pursuant to the PIPE Financing 0 761,400
Transaction costs paid in connection with the Business Combination 0 (23,148)
Transaction costs paid in connection with the PIPE Financing 0 (61,130)
Payments of vendor payables in trust 0 (27,722)
Transfers between vendor payables in trust and accounts payable 0 (1,167)
Proceeds from related party notes payable 0 200
Payments of stock issuance costs 0 (1,071)
Net cash (used in) provided by financing activities (6,721) 966,569
Effect of exchange rate changes on cash and restricted cash 1,038 (2,473)
Net (decrease) increase in cash and restricted cash (511,963) 528,650
Cash and restricted cash, beginning of period 530,477 1,827
Cash and restricted cash, end of period 18,514 530,477
Cash 505,091  
Restricted cash 25,386  
Total cash and restricted cash 18,514 530,477
Supplemental disclosure of cash flow information    
Cash paid for interest 13,577 6,317
Supplemental disclosure of noncash investing and financing activities    
Recognition of operating ROU assets and lease liabilities as part of the adoption of ASC 842 and for new operating leases entered into during the year ended December 31, 2022 21,865 0
Conversion of convertible note to equity 164,069 98,375
Issuance of warrants 9,938 17,596
Additions of property and equipment included in accounts payable and accrued expenses (as restated) 12,268 863
Troubled debt restructuring accounted for as a capital transaction (as restated) 16,841 0
Liability for insufficient authorized shares related to stock options and restricted stock units 3,976 0
Liability for insufficient authorized shares related to earnout 2,250 0
Settlement of finance leases with prepaid deposit 709 0
Issuance pursuant to commitment to issue registered shares 32,900 0
Receipt of class A Common Stock in consideration of exercises of options 669 0
Class A Common Stock to be delivered for conversion of notes payable (Note 11) (as restated) 0 0
Transfer of private warrants to unaffiliated parties 264 0
Conversion of related party notes payable and related party accrued interest into Class A Common Stock 0 294,796
Conversion of assumed convertible and promissory notes payable into Class A Common Stock and Private Warrants 0 1,080
Conversion of The9 Conditional Obligation to Class A Common Stock 0 2,863
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 0 68,541
Settlement of related party notes payable and related party accrued interest for a commitment to issue Class A Common Stock 0 69,218
Settlement of vendor payables in trust for a commitment to issue Class A Common Stock 0 96,186
Reclassification of deferred transaction costs paid in prior periods against the proceeds received in the Business Combination 0 7,865
Class A Common Stock    
Supplemental disclosure of noncash investing and financing activities related to the Business Combination    
Exchange of shares 0 859,182
Class B Common Stock    
Supplemental disclosure of noncash investing and financing activities related to the Business Combination    
Exchange of shares $ 0 $ 697,611