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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net (loss) income $ (10,568,000) $ 199,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation 6,946,000 13,667,000
Change in fair value of warrant liability 8,219,000 0
Amortization of debt issuance costs 1,003,000 456,000
Interest income on promissory note from member (282,000) (1,487,000)
Depreciation and amortization 16,092,000 18,118,000
Provision for expected credit losses/doubtful accounts 923,000 286,000
Deferred income taxes (4,913,000) (2,570,000)
Non-cash lease expense 569,000 511,000
Changes in operating assets and liabilities:    
Accounts receivable (9,241,000) 1,620,000
Prepaid expenses and deferred charges 1,506,000 (697,000)
Other current assets 342,000 (3,611,000)
Other assets (76,000) (40,000)
Accounts payable (939,000) 1,769,000
Accrued expenses and other current liabilities 5,909,000 2,054,000
Deferred revenue (17,000) (1,085,000)
Lease liability (681,000) (1,354,000)
Other liabilities (9,000) 0
Net cash provided by operating activities 14,783,000 27,836,000
Investing activities    
Purchase of property and equipment (95,000) (251,000)
Additions to capitalized software (2,480,000) (1,925,000)
Net cash used in investing activities (2,575,000) (2,176,000)
Financing activities    
Transaction costs paid in connection with the Business Combination (1,196,000) 0
Proceeds from the repayment of promissory note to a member including interest 19,353,000 0
Proceeds from exercise of stock options 1,704,000 1,025,000
Distributions paid 0 (75,000,000)
Proceeds of issuance of debt 0 60,000,000
Principal payment on debt (18,703,000) (960,000)
Payment of debt issuance costs 0 (955,000)
Net cash provided by (used in) financing activities 1,158,000 (15,890,000)
Net increase in cash, cash equivalents and restricted cash 13,366,000 9,770,000
Cash, cash equivalents and restricted cash, beginning of the period 10,117,000 17,170,000
Cash, cash equivalents and restricted cash, end of the period 23,483,000 26,940,000
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 22,091,000 25,548,000
Restricted cash 1,392,000 1,392,000
Cash, cash equivalents and restricted cash 23,483,000 26,940,000
Supplemental disclosure of cash flow information:    
Cash interest paid 23,243,000 6,941,000
Income taxes paid $ 1,063,000 $ 235,000