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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (47,809) $ (123,830)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 16,536 15,786
Stock-based compensation expense 14,822 17,757
Reduction of operating lease right-of-use assets 7,443 9,168
Bad debt expense 1,246 1,029
Non-cash interest expense 5,701 0
Issuance costs allocated to liability classified warrants 374 0
Accretion of debt discounts and issuance costs 1,045 1,279
Property, plant, equipment, and right-of-use asset impairments 0 33,505
Provision for inventory write-downs and shrinkage 1,840 6,531
Gain on debt extinguishment (4,177) 0
Change in fair value of warrant liability 9,953 0
Loss related to warehouse fire, net 389 0
Other adjustments (672) 56
Changes in operating assets and liabilities:    
Accounts receivable, net (470) 5,184
Inventory, net (629) 10,532
Prepaid expenses and other current assets 4,796 4,121
Other assets 184 (2,820)
Operating lease liability (9,893) (11,437)
Accounts payable 2,813 1,763
Accrued consignor payable (12,704) (19,706)
Other accrued and current liabilities (957) (9,639)
Other noncurrent liabilities (52) (137)
Net cash used in operating activities (10,221) (60,858)
Cash flow from investing activities:    
Capitalized proprietary software development costs (5,138) (7,514)
Purchases of property and equipment (5,142) (19,764)
Net cash used in investing activities (10,280) (27,278)
Cash flow from financing activities:    
Proceeds from exercise of stock options 112 3
Taxes paid related to restricted stock vesting (364) (411)
Proceeds from issuance of stock in connection with the Employee Stock Purchase Program 624 446
Cash received from settlement of capped calls in conjunction with the Note Exchange 396 0
Issuance costs paid related to the Note Exchange (5,233) 0
Net cash (used in) provided by financing activities (4,465) 38
Net decrease in cash, cash equivalents and restricted cash (24,966) (88,098)
Cash, cash equivalents and restricted cash    
Beginning of period 190,623 293,793
End of period 165,657 205,695
Supplemental disclosures of cash flow information    
Cash paid for interest 2,769 4,066
Cash paid for income taxes 197 222
Supplemental disclosures of non-cash investing and financing activities    
Property and equipment additions not yet paid in cash 1,898 2,932
Capitalized proprietary software development costs additions not yet paid in cash 1,363 698
Stock-based compensation capitalized to proprietary software development costs 264 443
Liability classified warrants issued in connection with the Note Exchange 10,417 0
Net decrease in principal amount of debt due to the Note Exchange (17,232) 0
Issuance costs associated with the Note Exchange included in accounts payable and other accrued and current liabilities $ 26 $ 0