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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (29,794) $ (11,083)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 233 264
Equity-based compensation expense 6,881 735
Change in fair value of preferred unit warrant liability 0 286
Non-cash operating lease expense 317 0
Other 0 124
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 1,330 2
Accounts payable 209 421
Accrued expenses 1,549 1,554
Operating lease liabilities (317) 0
Related party payable (96) 738
Deferred revenue 0 (2,717)
Net cash used in operating activities (19,688) (9,676)
Cash flows from investing activities    
Purchases of property and equipment (633) (235)
Net cash used in investing activities (633) (235)
Cash flows from financing activities    
Proceeds from issuance of preferred units, net of issuance costs 0 6,320
Proceeds from exercise of warrants for common units 0 13
Proceeds from employee stock purchase plan 49 0
Payment of deferred offering costs 0 (1,886)
Principal and interest repayments from related party for note receivable 0 1,720
Net cash provided by financing activities 49 6,167
Net decrease in cash and cash equivalents (20,272) (3,744)
Cash and cash equivalents, beginning of year 117,453 73,058
Cash and cash equivalents, end of year 97,181 69,314
Supplemental disclosures of non-cash investing and financing activities    
Property and equipment purchases included in accounts payable and accrued expenses 340 0
Deferred financing costs included in accounts payable and accrued expenses 0 1,527
Common Class A [Member]    
Supplemental disclosures of non-cash investing and financing activities    
Exchanges of Paired Interests and non-corresponding Class A Units of Rani LLC $ 74,567 $ 0