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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:          
Net income (loss) $ (9,993) $ (26,422) $ (10,731) $ (39,044)  
Adjustments to reconcile net loss to net cash used in operating activities          
Share-based compensation expense     4,047 5,596  
Depreciation and amortization 1,635 481 2,763 957  
Non-cash interest expense     991 12,058  
Allowance for doubtful accounts     340 0  
Litigation settlement 0 0 5,000 0  
Income tax benefit     (12,222) 0  
Conversion expense     0 2,266  
Loss on disposal of subsidiaries, net 1,234 0 1,446 0  
Equity in losses of equity method investees 358 12 417 15  
Gain on extinguishment of liability     (777) 0  
Gain on remeasurement of investment (2,915) 0 (2,915) 0  
Impairment losses     0 7,088  
Settlement of ROU operating lease liabilities     0 (802)  
Change in fair value of contingent consideration, net (2,402) 746 (1,907) 1,279  
Change in assets and liabilities (net of amounts acquired):          
Accounts receivable     5,503 1,162  
Inventory     379 0  
Prepaid expenses and other assets     (7,711) 825  
Accounts payable     (60) (1,067)  
Deferred revenue     (1,497) 117  
Amount due to related parties     770 1,079  
Accrued expenses, salary and other current liabilities     5,794 (1,919)  
Net cash used in operating activities     (10,370) (10,390)  
Cash flows from investing activities:          
Acquisition of property and equipment     (603) (41)  
Disposal of subsidiaries, net of cash disposed     (44) 0  
Acquisition of subsidiaries, net of cash acquired     (100,579) 0  
Investments in long-term investment     (26,083) 0  
Notes receivable     0 (1,838)  
Investment in debt securities     (15,528) 0  
Net cash used in investing activities     (142,837) (1,879)  
Cash flows from financing activities          
Proceeds from issuance of convertible notes     220,000 2,000  
Proceeds from exercise of options and warrants and issuance of common stock     163,046 39,128  
Proceeds from noncontrolling interest shareholder     0 7,148  
Borrowings from Small Business Association Paycheck Protection Program     0 460  
Repayment of amounts due to related parties     0 (2,999)  
Net cash provided by financing activities     383,046 45,737  
Effect of exchange rate changes on cash     39 283  
Net increase in cash and cash equivalents     229,878 33,751  
Cash and cash equivalents at the beginning of the period     165,764 2,633 $ 2,633
Cash and cash equivalents at the end of the period $ 395,642 $ 36,384 395,642 36,384 $ 165,764
Supplemental disclosure of cash flow information:          
Cash paid for income tax     801 0  
Cash paid for interest     0 311  
Issuance of shares for acquisition of DBOT     0 7,042  
Tree Technologies measurement period adjustment     0 12,848  
Issuance of shares for acquisition     53,504 0  
Issuance of shares for convertible notes conversion     $ 140,126 $ 20,069