XML 45 R24.htm IDEA: XBRL DOCUMENT v3.23.3
AURORA 10K - CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:        
Change in fair value of convertible preferred stock warrants $ (266,000) $ (20,411,000) $ (28,901,000) $ 32,790,000
Change in operating assets and liabilities:        
Accounts payable and accrued offering costs 18,667,000 (24,152,000) (40,557,000) (7,958,000)
Net cash (used in)/provided by operating activities (142,702,000) 903,501,000 938,223,000 361,215,000
Cash Flows from Investing Activities:        
Net cash used in investing activities (42,635,000) (29,172,000) (34,657,000) (68,703,000)
Cash Flows from Financing Activities:        
Net cash provided by (used in) financing activities (25,486,000) (1,292,225,000) (1,537,100,000) 304,542,000
Net Change in Cash (211,132,000) (418,505,000) (632,809,000) 597,089,000
Cash - Beginning of period 346,065,000 978,874,000 978,874,000 381,785,000
Cash - End of period 134,933,000 560,369,000 346,065,000 978,874,000
Aurora Acquisition Corp        
Cash Flows from Operating Activities:        
Net income (loss) (959,086) 2,795,946 8,735,542 (6,527,175)
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:        
Change in fair value of convertible preferred stock warrants 8,089 (5,891,413) (12,868,205) (1,576,196)
Offering cost allocated to warrant liability     0 299,523
Expenses paid by the Sponsor     0 669,106
Interest earned on marketable securities held in Trust Account (2,156,230) 0 (4,262,222) (19,527)
Gain on deferred underwiting fee 0 (182,658) (182,658) 0
Change in fair value of over-allotment option liability     0 (296,905)
Change in operating assets and liabilities:        
Related party receivable     502,956 (502,956)
Prepaid expenses and other current assets 57,917 202,299 392,798 (521,674)
Accounts payable and accrued offering costs (1,107,150) 2,114,151 (970,649) 5,232,795
Deferred credit liability 8,750,000 0 7,500,000 0
Net cash (used in)/provided by operating activities 3,343,540 (458,719) (1,152,438) (3,243,009)
Cash Flows from Investing Activities:        
Investment of cash into Trust Account 0 (443,751) 0 (278,002,870)
Net cash used in investing activities 263,123,592 (443,751) 0 (278,002,870)
Cash Flows from Financing Activities:        
Proceeds from sale of Units, net of underwriting discounts paid     0 238,142,813
Proceeds from sale of Private Placement Units     0 35,000,000
Proceeds from sale of Private Placement Warrants     0 6,860,057
Proceeds from promissory note - related party 0 900,100 1,400,100 1,280,654
Net cash provided by (used in) financing activities (265,523,592) 900,100 1,400,100 281,283,524
Net Change in Cash 943,540 (2,370) 247,662 37,645
Cash - Beginning of period 285,307 37,645 37,645 0
Cash - End of period 1,228,847 35,275 285,307 37,645
Supplemental Disclosure of Non-Cash Investing and Financing Activities:        
Deferred Offering Cost     0 557,663
Proceeds from Promissory Note with Related Party for Offering Cost     0 105,927
Initial classification of Class A ordinary share subject to possible redemption     0 243,002,870
Deferred underwriting fee payable 0 8,322,442 8,322,442 8,505,100
Initial Classification of Warrant liability     0 14,916,913
Reclass of permanent equity to temporary equity $ 16,999,995 $ 287,884 $ 3,625,617 $ 0