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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (111,545) $ (38,861)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 130 197
Amortization of platform development and intangible assets 7,227 13,996
Amortization of debt discounts 596 1,645
Noncash and accrued interest 5,959 602
Loss on impairment of assets 40,589 119
Change in fair value of contingent consideration 313 409
Liquidated damages 152 304
Stock-based compensation 1,976 12,616
Deferred income taxes 62 73
Bad debt expense 672 54
Other (21)
Change in operating assets and liabilities net of effect of business combination:    
Accounts receivable, net 20,458 2,213
Subscription acquisition costs 6,131 (7,273)
Prepayments and other current assets 1,043 (7,327)
Other long-term assets 230 8
Accounts payable (3,645) 742
Accrued expenses and other 41,155 (800)
Unearned revenue (14,304) 5,526
Subscription refund liability 105 45
Operating lease liabilities (524) (114)
Contingent consideration (1,683)
Other long-term liabilities (237) (574)
Net cash used in operating activities (5,161) (16,400)
Cash flows from investing activities    
Purchases of property and equipment (27)
Capitalized platform development (1,485) (2,132)
Payments for acquisition of business, net of cash acquired (500)
Net cash used in investing activities (1,512) (2,632)
Cash flows from financing activities    
Payment of Fexy put option (561)
(Repayments) proceeds under line of credit, net borrowing (20,027) 815
Proceeds from common stock private placement 12,000
Proceeds from Simplify loan 12,748
Proceeds from common stock registered direct offering 11,500
Payments of issuance costs from common stock registered direct offering (167)
Payment of deferred cash payments (200) (75)
Payment of taxes from common stock withheld (486) (1,423)
Net cash provided by financing activities 3,474 10,650
Net decrease in cash, cash equivalents, and restricted cash (3,199) (8,382)
Cash, cash equivalents, and restricted cash – beginning of period 9,284 14,373
Cash, cash equivalents, and restricted cash – end of period 6,085 5,991
Cash, cash equivalents, and restricted cash    
Cash and cash equivalents 6,085 5,489
Restricted cash 502
Total cash, cash equivalents, and restricted cash 6,085 5,991
Supplemental disclosure of cash flow information    
Cash paid for interest 2,033 7,140
Cash paid for income taxes 85 85
Noncash investing and financing activities    
Reclassification of stock-based compensation to platform development 228 548
Issuance cost of registered direct offering recorded in accrued expenses and other 189
Repurchase of common stock for Fexy put option 379
Issuance of common stock in connection with settlement of liquidated damages 499
Issuance of common stock upon conversion of Series H convertible preferred stock 1,500
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