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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (103,358) $ (19,377)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 67 114
Amortization of platform development and intangible assets 4,870 7,021
Amortization of debt discounts 536 930
Noncash and accrued interest 2,839
Loss on impairment of assets 40,589 119
Change in fair value of contingent consideration 313 499
Liquidated damages 76 127
Stock-based compensation 1,451 6,427
Deferred income taxes 31 7
Bad debt expense 670 36
Change in operating assets and liabilities net of effect of business combination:    
Accounts receivable, net 12,029 10,303
Subscription acquisition costs 6,131 (4,304)
Prepayments and other current assets (424) (7,596)
Other long-term assets (148) 61
Accounts payable (102) 2,595
Accrued expenses and other 44,334 (2,144)
Unearned revenue (11,665) 3,464
Subscription refund liability 18 95
Operating lease liabilities (60) (56)
Other long-term liabilities (162) 7
Net cash used in operating activities (1,965) (1,672)
Cash flows from investing activities    
Capitalized platform development (713) (1,188)
Payments for acquisition of business, net of cash acquired (500)
Net cash used in investing activities (713) (1,688)
Cash flows from financing activities    
Payment of Fexy put option (2,263)
Proceeds (repayments) under line of credit, net borrowing (19,609) (4,533)
Proceeds from common stock private placement 12,000
Proceeds from Simplify loan 7,748
Proceeds from common stock registered direct offering 11,500
Payments of issuance costs from common stock registered direct offering (69)
Payment of deferred cash payments (25)
Payment of taxes from common stock withheld (479) (1,423)
Net cash (used in) provided by financing activities (2,603) 5,450
Net increase (decrease) in cash, cash equivalents, and restricted cash (5,281) 2,090
Cash, cash equivalents, and restricted cash – beginning of period 9,284 14,373
Cash, cash equivalents, and restricted cash – end of period 4,003 16,463
Cash, cash equivalents, and restricted cash    
Cash and cash equivalents 4,003 15,961
Restricted cash 502
Total cash, cash equivalents, and restricted cash 4,003 16,463
Supplemental disclosure of cash flow information    
Cash paid for interest 964 3,252
Cash paid for income taxes 85
Noncash investing and financing activities    
Reclassification of stock-based compensation to platform development 208 307
Issuance cost of registered direct offering recorded in accrued expenses and other 220
Repurchase of common stock for Fexy put option 379
Issuance of common stock in connection with settlement of liquidated damages 370
Issuance of common stock in connection with acquisition 2,000
Deferred cash payments recorded in connection with acquisitions 246
Reclassification to liability upon common stock modification $ 68