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D-Wave Systems Inc. - Condensed consolidated statements of cash flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (24,815) $ (13,496)
Adjustments to reconcile net loss to cash used in by operating activities:    
Depreciation and amortization 705 747
Stock-based compensation 1,600 330
Amortization of operating right of use assets 459 497
Provision for excess and obsolete inventory 265 219
Non-cash interest expense 1,955 385
Non-cash final fee payment for Venture Loan 583 0
Unrealized foreign exchange loss (gain) (349) 44
Change in operating assets and liabilities:    
Trade accounts receivable (505) (126)
Research incentives receivable (851) (5,339)
Inventories (301) 39
Prepaid expenses and other current assets (4,449) (288)
Trade accounts payable 107 (1,764)
Accrued expenses and other current liabilities 4,578 (733)
Deferred revenue (54) (324)
Operating lease liabilities (427) (459)
Net cash used in operating activities (21,499) (20,268)
Cash flows from investing activities:    
Purchase of property and equipment (175) (1,069)
Purchase of software (43) (196)
Net cash used in investing activities (218) (1,265)
Cash flows from financing activities:    
Proceeds from government program 3,178 13,458
Proceeds from debt financing 19,870 0
Proceeds from issuance of common stock upon exercise of stock options 141 67
Debt payments (424) (398)
Net cash provided by financing activities 22,765 13,127
Effect of exchange rate changes on cash and cash equivalents (65) 262
Net (decrease) increase in cash and cash equivalents 983 (8,144)
Cash and cash equivalents at beginning of period 9,483 21,335
Cash and cash equivalents at end of period 10,466 13,191
Supplemental disclosure of noncash investing and financial activities:    
Acquisition of property and equipment included in accounts payable 3 21
Unpaid deferred costs $ 3,734 $ 0