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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net loss $ (256,725) $ (111,581) $ (96,829)
Adjustments to reconcile net loss to net cash used in operating activities      
Share-based compensation expense 21,982 11,972 9,113
Depreciation and amortization 6,118 5,310 2,229
Obsolescence of inventory 856 0 0
Noncash lease expense 1,556 0 0
Non-cash interest expense (income) (873) 14,785 5,511
Allowance for doubtful accounts 362 1,219 0
Bad debt expense 0 1,643 0
Income tax benefit (12,011) (3,308) 0
Issuance of common stock and warrants for professional fees 1,430 0 0
Expense due to conversion of notes 0 2,266 0
Other income (forgiveness of liabilities) (1,198) 0 0
Change in fair value of contingent consideration, net (9,600) (5,503) 5,094
(Gain) loss on extinguishment of debt (300) (8,891) 3,940
Impairment of and equity in loss of equity method investees 11,529 16,780 13,718
Settlement of ROU operating lease liabilities 0 (5,926) 0
Asset impairments 172,540 51,319 73,669
(Gain) loss on disposal of subsidiaries, net 1,323 (276) 952
(Gain) loss on remeasurement of investment (2,915) 0 3,179
Digital tokens received as payment for services 0 0 (40,700)
Disposal of equity method investments 0 0 245
Change in assets and liabilities, net of acquisitions:      
Accounts receivable 5,941 (6,214) (2,278)
Inventory (4,418) 0 0
Prepaid expenses and other assets (13,089) (6,745) 2,881
Accounts payable (1,577) 2,206 2,862
Deferred revenue 2,188 652 168
Amount due to related parties (interest) 665 1,269 (1,256)
Accrued expenses, salary and other current liabilities 686 (2,445) 3,718
Net cash used in operating activities (75,530) (41,468) (13,784)
Cash flows from investing activities:      
Acquisition of property and equipment (2,807) (191) (1,816)
Acquisition of intangible assets (3,712) 0 0
Disposal of subsidiaries, net of cash disposed 2,495 0 645
Acquisition of subsidiaries, net of cash acquired (100,859) 0 (623)
Investment in debt securities (70,047) 0 0
Investments in long-term investment (44,941) (2,850) 0
Loans to third-parties 0 (1,988) 0
Loans to related-party (691) 0 0
Proceeds from loan repayment 473 1,529 0
Net cash used in investing activities (220,089) (3,500) (1,794)
Cash flows from financing activities      
Proceeds from issuance of convertible notes 295,000 27,000 9,132
Repayment of convertible notes (80,000) (12,000) 0
Proceeds from exercise of options and warrants and issuance of common stock 196,835 191,440 2,821
Proceeds from noncontrolling interest shareholder 157 7,148 0
Repayment of redeemable noncontrolling interest (8,820) 0 0
Tax withholding paid for net share settlement of equity awards (3,877) 0 0
Proceeds (repayments) due from/to related parties 0 (2,999) 3,161
Borrowings (repayments) from/to third parties 0 (2,540) 0
Net cash provided by financing activities 399,295 208,049 15,114
Effect of exchange rate changes on cash 423 50 (9)
Net increase (decrease) in cash, cash equivalents and restricted cash 104,099 163,131 (473)
Cash, cash equivalents and restricted cash at the beginning of the year 165,764 2,633 3,106
Cash, cash equivalents and restricted cash at the end of the year 269,863 165,764 2,633
Supplemental disclosure of cash flow information:      
Cash paid for income tax 1,410 0 0
Cash paid for interest 1,516 3,004 73
Issuance of shares for contingent consideration 0 8,192 0
Issuance of shares for convertible notes conversion 157,766 45,114 0
Tree Technologies measurement period adjustment to goodwill, non-controlling interest and intangible assets 0 12,848 0
Disposal of assets in exchange of GTB 0 0 20,219
Issuance of shares for acquisition of intangible assets 0 0 10,005
Issuance of shares for acquisition of long-term investments $ 59,808 $ 0 $ 40,715