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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (21,275) $ (44,859)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 57 3,063
Non-cash lease expense 622 789
Share-based compensation expense 8,013 7,241
Unit-based compensation expense 0 680
Impairment of long-lived assets 288 0
Loss on disposal of assets 0 14
(Gain) loss from change in fair value of warrant liability (9,046) 1,000
Other 0 243
Changes in operating assets and liabilities:    
Accounts receivable (6,288) (88)
Prepaid insurance 3,876 4,332
Accounts payable and accrued liabilities 7,312 (15,991)
Unsettled crypto trades 3,553 0
Due to related party (720) (659)
Deferred revenue (1,327) (542)
Operating lease liabilities (957) (592)
Customer funds payable 55,240 (36)
Other assets and liabilities (995) (1,836)
Net cash provided by (used in) operating activities 38,353 (47,241)
Cash flows from investing activities:    
Capitalized internal-use software development costs and other capital expenditures (1,771) (3,719)
Purchase of available-for-sale securities (17,996) (26,999)
Proceeds from the settlement of available-for-sale securities 17,463 101,048
Acquisition of Bumped Financial, LLC 0 (631)
Net cash (used in) provided by investing activities (2,304) 69,699
Cash flows from financing activities:    
Proceeds from Concurrent Offerings, net of issuance costs 38,964 0
Repurchase and retirement of Class A Common Stock for withholding purposes (2,259) 0
Net cash provided by financing activities 36,705 0
Effect of exchange rate changes (421) 22
Net increase in cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits 72,333 22,480
Cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits at the beginning of the period 118,498 115,423
Cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits at the end of the period 190,831 137,903
Supplemental disclosure of cash flow information:    
Non-cash operating lease right-of-use asset acquired 0 3,776
Supplemental disclosure of non-cash investing and financing activity:    
Capitalized internal-use software development costs and other capital expenditures included in accounts payable and accrued liabilities 455 1,597
Reconciliation of cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits to consolidated balance sheet:    
Cash and cash equivalents 56,600 50,834
Restricted cash 44,008 19,305
Cash held in escrow 0 67,209
Customer funds 88,165 555
Deposits (See Note 6) 2,058 0
Total cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits $ 190,831 $ 137,903