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Unaudited Condensed Consolidated Statement of Cash Flows
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Cash flows from operating activities:      
Net loss $ (25,100,000) $ (33,034,000) $ (46,361,000)
Adjustments to reconcile net loss to net cash used in operations:      
Share-based compensation   17,326,000 16,210,000
Depreciation and amortization   3,597,000 3,536,000
Amortization of right-of-use assets   1,305,000 1,579,000
Allowance for doubtful accounts   216,000 171,000
Impairment of right-of-use assets 0 186,000 0
Loss on impairment of long lived assets   0 536,000
Change in fair value of warrant liabilities 3,790,000 (6,727,000) 3,622,000
Changes in operating assets and liabilities:      
Accounts receivable   (673,000) (1,313,000)
Prepaid expenses and other assets   (4,228,000) 219,000
Accounts payable   62,000 (1,229,000)
Accrued expenses and other liabilities   (1,854,000) 1,288,000
Accrued compensation and benefits   (1,926,000) (7,514,000)
Operating lease liabilities   (1,046,000) (2,081,000)
Other   (10,000) 0
Net cash used in operating activities   (26,806,000) (31,337,000)
Cash flows from investing activities:      
Receipts of term deposit maturities   6,559,000 0
Purchases of property and equipment   (667,000) (99,000)
Purchases of term deposits   0 (2,665,000)
Net cash provided by (used in) investing activities   5,892,000 (2,764,000)
Cash flows from financing activities:      
Proceeds from exercise of options   461,000 330,000
Taxes withheld and paid related to net share settlement of equity awards   (3,437,000) (557,000)
Net cash used in financing activities   (2,976,000) (227,000)
Effect of changes in currency exchange rates on cash and cash equivalents   (331,000) 175,000
Net decrease in cash and cash equivalents   (24,221,000) (34,153,000)
Cash, cash equivalents and restricted cash, beginning of the period   145,785,000 194,965,000
Cash, cash equivalents and restricted cash, end of the period 160,812,000 121,564,000 160,812,000
Reconciliation of cash, cash equivalents and restricted cash to the amounts reported within the consolidated balance sheets      
Cash and cash equivalents 159,526,000 120,475,000 159,526,000
Restricted cash 1,286,000 1,089,000 1,286,000
Total cash, cash equivalents and restricted cash, end of the period 160,812,000 121,564,000 160,812,000
Supplemental disclosure of non-cash investing and financing activities:      
Lease liabilities arising from obtaining right-of-use assets   4,506,000 0
Vesting of early exercised stock options and restricted stock awards $ 67,000 71,000 198,000
Property and equipment purchases not yet paid   13,000 0
Issuance of common stock upon release of restricted stock units   $ 1,000 $ 0