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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net (loss) income $ (42,290) $ 1,833
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Provision for bad debt 94 2
Amortization expense 2,044 2,067
Depreciation expense 44 35
Amortization of debt issuance costs 14 40
Loss on change in fair value of Seller's Earn-Out 24,656 0
Loss on change in fair value of warrants 15,936 0
Gain on deconsolidation of SymetryML (1,939) 0
Loss on change in fair value of SAFE Notes 788 0
Deferred tax benefit (1,025) (581)
Equity-based compensation 1,988 164
Seller's Earn-Out equity-based compensation 492 0
Changes in operating assets and liabilities:    
Accounts receivable 16,948 14,567
Income taxes recoverable 2 84
Prepaid expenses and other assets (2,940) (59)
Accounts payable (3,530) (4,600)
Accrued expenses and other liabilities (8,452) (5,126)
Net cash provided by operating activities 2,830 8,426
Cash flows from investing activities    
Capitalized software development costs (626) (554)
Purchase of property and equipment (94) (40)
Decrease in cash from deconsolidation of SymetryML (69) 0
Net cash used in investing activities (789) (594)
Cash flows from financing activities    
Cash received for exercised options 0 10
Payment of revolver borrowings (39,017) 0
Proceeds from SAFE Notes 200 275
Proceeds from SymetryML preferred stock issuance 400 0
Payment of term loan   (606)
Net cash used in financing activities (38,417) (321)
Net (decrease) increase in cash and cash equivalents (36,376) 7,511
Cash, cash equivalents and restricted cash at beginning of period 100,093 16,767
Cash, cash equivalents and restricted cash at end of period 63,717 24,278
Cash and cash equivalents 63,717 24,179
Restricted cash   99
Cash, cash equivalents and restricted cash at end of period 63,717 24,278
Supplemental disclosure of cash flow information    
Increase in lease liabilities from obtaining right-of-use assets - ASC 842 adoption 8,376  
Non-cash investing and financial activities    
Capitalized software and property and equipment, net included in accounts payable $ 53 $ 9