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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (111,905) $ (18,499) $ (9,712)
Adjustments to reconcile net loss to net cash (used in) provided by operations:      
Share-based compensation 57,924 12,231 4,906
Depreciation and amortization 6,026 5,390 2,406
Transaction expenses related to the Merger 3,132 0 0
Amortization of right-of-use assets 3,999 2,804 1,638
Loss on impairment of long lived assets 446 0 0
Bad debt reserve 433 121 424
Change in fair value of warrant liabilities (19,836) 6,064 292
Settlement of related party promissory notes 5,517 0 0
Other 0 107 462
Changes in operating assets and liabilities:      
Accounts receivable 1,403 382 (3,386)
Prepaid expenses and other assets (3,321) (1,031) (2,191)
Accounts payable 904 (692) (1,683)
Accrued expenses and other liabilities (788) (520) 2,138
Accrued compensation and benefits (7,911) 8,080 3,869
Operating lease liabilities (4,829) (3,536) (1,691)
Net cash (used in) provided by operating activities (68,806) 10,901 (2,528)
Cash flows from investing activities:      
Cash paid for acquisitions, net of cash acquired 0 0 (13,114)
Purchases of property and equipment (220) 0 (13)
Purchases of intangible assets (118) (2,202) 0
Capitalized internal-use software development costs (6,312) (1,054) (1,149)
Loan to SharesPost 0 0 (3,000)
Payment of deferred payments related to IRA Services acquisition 0 0 (6,097)
Net cash used in investing activities (6,650) (3,256) (23,373)
Cash flows from financing activities:      
Proceeds from the Merger 7,865 0 0
Proceeds from PIPE investment and A&R FPA investors 208,500 0 0
Payments for offering costs (56,852) (4,954) 0
Proceeds from exercise of Public Warrants 22,940 0 0
Proceeds from notes payable 0 0 25,566
Formation of Forge Europe 9,488 0 0
Proceeds from exercise of options, including proceeds from repayment of promissory notes 1,086 1,621 24
Payments for redemption of Public Warrants (165) 0 0
Repayment of notes payable 0 (19,438) (27,688)
Cash paid to purchase equity awards 0 (23) (49)
Net cash provided by financing activities 192,862 26,581 39,380
Effect of changes in currency exchange rates on cash and cash equivalents 1,155 0 0
Net increase in cash and cash equivalents 118,561 34,226 13,479
Cash, cash equivalents and restricted cash, beginning of the period 76,404 42,178 28,699
Cash, cash equivalents and restricted cash, end of the period 194,965 76,404 42,178
Reconciliation of cash, cash equivalents and restricted cash to the amounts reported within the consolidated balance sheets      
Cash and cash equivalents 193,136 74,781 40,577
Restricted cash 1,829 1,623 1,601
Total cash, cash equivalents and restricted cash, end of the period 194,965 76,404 42,178
Supplemental disclosures of cash flow information:      
Cash paid for interest 0 2,118 425
Supplemental disclosure of non-cash investing and financing activities:      
Lease liabilities arising from obtaining right-of-use assets 3,087 1,702 0
Capitalized internal-use software development costs accrued and not yet paid 180 214 0
Deferred payments related to SharesPost acquisition 0 0 783
Forgiveness of loan to SharesPost in relation to acquisition 0 0 3,000
Reclassification of deferred offering costs to equity 5,923 0 0
Conversion of preferred stock 246,049 0 0
Conversion of May 2020 and October 2020 preferred stock warrants of Legacy Forge to common stock warrants 2,949 0 0
Non-cash assets acquired in the Merger 193 0 0
Warrants issued in connection with A&R FPA 3,080 0 0
Assumption of merger warrants liability 13,983 0 0
Exchange of Class AA common stock for Series B-1 convertible preferred stock 0 39,722 0
Vesting of early exercised stock options and restricted stock awards 1,554 145 32
Warrant liability reclassified to additional paid-in capital upon exercise of Public Warrants 698 0 0
Warrant liability reclassified to additional paid-in capital upon exercise of Junior Preferred Stock Warrants 653 0 0
Issuance of common stock upon settlement of related party promissory notes 4,207 0 0
Early exercise of stock options upon settlement of related party promissory notes 1,310 0 0
Deferred offering cost accrued and not yet paid 0 969 0
Warrant issued in connection with issuance of convertible notes payable 0 0 51
Warrant issued in connection with issuance of term loan 0 0 151
Series B-1      
Cash flows from financing activities:      
Proceeds from issuance of convertible preferred stock, net of issuance costs 0 47,735 41,527
Supplemental disclosure of non-cash investing and financing activities:      
Conversion of convertible notes into Series B-1 convertible preferred stock 0 111 9,940
Series B-2      
Cash flows from financing activities:      
Proceeds from issuance of convertible preferred stock, net of issuance costs 0 1,640 0
Junior Convertible Preferred Stock      
Supplemental disclosure of non-cash investing and financing activities:      
Issuance of stock in relation to acquisition 0 0 20,383
Junior Convertible Preferred Stock Warrants      
Supplemental disclosure of non-cash investing and financing activities:      
Issuance of stock in relation to acquisition 0 0 1,285
Class AA Common Stock      
Supplemental disclosure of non-cash investing and financing activities:      
Issuance of stock in relation to acquisition $ 0 $ 0 $ 44,817