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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (152,685) $ (19,044)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 410 344
Amortization of intangibles 345 167
Amortization of deferred rent (48) 20
Other, net (53) 38
Stock-based compensation expense 41,404 1,027
Amortization of debt discount and issuance costs 12 8
Loss from change in fair value of warrants 45,625 0
Loss from change in fair value of earnout liability 38,105 0
Change in operating assets and liabilities:    
Accounts receivable (4,111) (3,454)
Inventory (8,574) (2,705)
Prepaid expenses and other current assets (2,355) (286)
Other assets (165) (5)
Accounts payable, accrued compensation and other expenses 361 3,553
Deferred revenue 29 (288)
Net cash used in operating activities (41,700) (20,625)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Asset acquisition (680) 0
Investment purchases (724) 0
Purchases of property and equipment (2,068) (223)
Repayment of notes receivable 6 8
Net cash used in investing activities (3,466) (215)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from reverse recapitalization 298,066 0
Payment of stock issuance costs (24,967) 0
Proceeds from issuance of preferred stock 0 53,085
Payment of preferred stock issuance costs 0 (706)
Proceeds from issuance of common stock 517 31
Proceeds from issuance of long-term debt 2,000 6,000
Principal payments on long-term debt (1,067) (4,800)
Payment of debt issuance costs 0 (20)
Net cash provided by financing activities 274,549 53,590
Effect of exchange rate changes on cash 0 1
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 229,383 32,751
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 38,869 6,118
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 268,252 38,869
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Payable for asset acquisition 0 683
Warrants issued in connection with debt 0 16
Payable for investment contribution 704 0
Recognition of earnout liability 96,069 0
Recognition of warrant liabilities 35,763 0
Conversion of preferred stock 109,506 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 32 2
Cash paid for interest $ 265 $ 218