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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities          
Net loss $ (37,509) $ (53,373) $ (75,067) $ (49,329)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization expense     79 25  
Amortization of debt discount     0 191  
Change in fair value of contingent consideration liability - related parties (95) 911 (95) 660  
Change in fair value of securities carried at fair value 584 0 1,324 0  
Change in fair value of derivative liability 0 0 0 (41)  
Change in Fair Value Of Warrant Liability     (53) 40  
Unrealized loss on other investments held at fair value 0 5,460 0 5,460  
Gain on dilution of equity method investment 0 (16,923) 0 (16,923)  
Loss on conversion of convertible notes     0 513  
Gain on consolidation of a variable interest entity 0 (3,543) 0 (3,543)  
Losses from investments in equity method investees     12,242 4,641  
In-process research and development expense     357 8,934  
Stock-based compensation expense     19,720 37,724  
Unrealized foreign exchange gains     (4,966) 0  
Other     (134) 41  
Changes in operating assets and liabilities:          
Prepaid expenses and other current assets     939 (1,674)  
Accounts payable     (2,591) 2,380  
Accrued liabilities     2,328 (3,846)  
Deferred revenue     0 120  
Net cash used in operating activities     (45,917) (14,627)  
Cash flows from investing activities          
Purchases of property and equipment     (172) (298)  
Capitalized internal-use software development costs     (100) (155)  
Cash paid for securities carried at fair value     (229,678) 0  
Cash acquired in asset acquisitions, net     0 47  
Cash paid for equity method investments     0 (5,359)  
Cash paid for other investments     0 (23,445)  
Loans to related parties     (3,000) (2,624)  
Cash paid for other assets     0 (195)  
Net cash used in investing activities     (232,950) (32,029)  
Cash flows from financing activities          
Proceeds from issuance of common stock     0 409,884  
Cash paid for deferred offering costs     0 (10,161)  
Proceeds from issuance of share option awards     0 534  
Proceeds from sale of investment     0 2,417  
Proceeds from issuance of shares upon exercise of stock options     249 0  
Proceeds from issuance of subsidiary preferred shares     600 0  
Proceeds from conversion of convertible notes to common stock     1,077 0  
Proceeds from issuance of convertible promissory notes     0 1,588  
Net cash provided by financing activities     1,926 404,262  
Effect of foreign exchange rate changes on cash     (1,193) (1,230)  
Net increase (decrease) in cash and cash equivalents     (278,134) 356,376  
Cash and cash equivalents – beginning of the period     362,266 97,246 $ 97,246
Cash and cash equivalents – end of the period $ 84,132 $ 453,622 84,132 453,622 $ 362,266
Supplemental disclosures of non cash investing and financing information:          
Right of use asset obtained in exchange for operating lease liabilities     487 0  
Issuance of subsidiary shares to non-controlling interests in connection with Columbia stock purchase agreement     357 0  
Common stock issuance costs in accounts payable     0 230  
Common stock issuance costs in accrued liabilities     0 1,958  
Fair value of noncontrolling interests issued in connection with consolidation of a VIE     0 392  
Fair value redeemable noncontrolling interests issued in connection with consolidation of a VIE     0 2,555  
Fair value of noncontrolling interests issued in connection with asset acquisitions     0 885  
Issuance of derivative instrument related to convertible promissory notes     0 646  
Issuance of subsidiary shares in connection with the conversion of convertible notes     $ 0 $ 3,257