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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (36,211,000) $ (14,205,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,016,000 1,230,000
Stock-based compensation 5,180,000 375,000
Bad debt expense/(change in reserve) 64,000 (43,000)
Change in fair value of warrants and derivative instruments 4,193,000 786,000
Amortization of debt discount 423,000 0
Noncash operating lease expense 779,000 0
Changes in assets and liabilities:    
Receivables, net (136,000) (3,106,000)
Inventories (1,638,000) (460,000)
Prepaid expenses and other current assets (7,085,000) (394,000)
Unbilled receivables (2,153,000) 0
Operating lease liabilities (768,000) 0
Prepaid expenses, noncurrent (10,702,000) 0
Deferred contract costs 19,428,000 0
Other long-term assets 82,000 0
Accounts payable (12,396,000) 4,072,000
Accrued expenses 4,208,000 2,274,000
Deferred Revenue (116,000) 4,951,000
Other liabilities (520,000) (1,738,000)
Net cash used in operating activities (36,352,000) (6,258,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (599,000) (420,000)
Forward purchase payments (474,000) 0
Forward purchase receipts 2,340,000 0
Net cash used in investing activities 1,267,000 (420,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance lease obligations (18,000) (19,000)
Proceeds from warrants exercise 11,000 68,000
Repayments from borrowings 0 (938,000)
Net cash provided by financing activities (7,000) (889,000)
Total change in cash, cash equivalents and restricted cash (35,092,000) (7,567,000)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH BEGINNING OF PERIOD 107,795,000 30,043,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 72,703,000 22,476,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for taxes 3,000 2,000
Cash paid for interest 1,093,000 117,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Shares issued related to equity consideration of acquisition 3,000,000 0
Cash and cash equivalents at end of period 69,935,000 22,476,000
Restricted cash at end of period 2,768,000 0
Cash, cash equivalents and restricted cash at end of period $ 72,703,000 $ 22,476,000