XML 14 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:          
Net income (loss) $ (21,282,359) $ (4,631,746) $ (15,866,786) $ (9,625,942) $ (7,685,519)
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Amortization of capitalized software 0 54,063 107,931 9,056 10,694
Long-term incentive plan expense (252,729) 96,693      
Carve-out expenses (noncash, contributed from Parent) 952,432 0      
Stock Based Compensation 1,028,369 0 150,099 (736) 31,206
Private warrants - change in FV (4,132,500) 0      
Interest on Financial Investments (noncash) (464,652) 0      
Changes in operating assets and liabilities:          
Other assets (153,512) (11,674) (17,030) (1,379) 14,795
Related party receivable 216,083 0 (220,000) 0 0
Accounts payable 730,186 (680,694) 30,653 527,376 99,845
Accruals and other liabilities     929,123 62,836 27,583
Related party payable 9,560,773 0      
Other payables 614,107 117,550      
Net cash used in operating activities (13,183,802) (5,055,808) (14,886,010) (9,028,789) (7,501,396)
Cash Flows from Investing Activities:          
Purchases of investing securities (154,000,000) 0      
Net cash provided by investing activities: (154,000,000) 0      
Cash Flows from Financing Activities:          
Transfer from parent 0 5,055,808 14,262,533 9,028,789 7,501,396
Capital contribution     15,000,000 0 0
Gross capital contribution 377,009,090 0      
Transaction costs (47,885,258) 0      
Net cash provided by financing activities 329,123,832 5,055,808 29,262,533 9,028,789 7,501,396
Increase (decrease) in cash and cash equivalents 161,940,030 0      
Cash and cash equivalents at the beginning of the period 14,376,523 0 0 0 0
Cash and cash equivalents at the end of the period 176,316,554 0 14,376,523 0 0
Supplemental disclosure of other noncash investing and financing activities          
Additions to capitalized software transferred by Parent $ 0 $ 232,496 $ 784,241 $ 16,494 $ 26,699