XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenue $ 65,075 $ 34,746 $ 113,318 $ 68,361
Cost of revenue (includes amortization of developed technology and platform development for three months ended 2022 and 2021 of $2,375 and $2,157, respectively and for the six months ended 2022 and 2021 of $4,686 and $4,324, respectively) 46,729 25,307 75,226 51,049
Gross profit 18,346 9,439 38,092 17,312
Operating expenses        
Selling and marketing 19,307 16,202 36,523 31,340
General and administrative 15,964 12,535 29,478 23,030
Depreciation and amortization 4,444 3,964 8,646 7,927
Loss on impairment of assets 257
Total operating expenses 39,715 32,701 74,904 62,297
Loss from operations (21,369) (23,262) (36,812) (44,985)
Other (expense) income        
Change in valuation of warrant derivative liabilities 360 (305)
Interest expense, net (2,506) (2,363) (5,326) (5,183)
Liquidated damages (128) (1,109) (300) (1,364)
Gain upon debt extinguishment 5,717 5,717
Total other (expense) income (2,634) 2,605 (5,626) (1,135)
Loss before income taxes (24,003) (20,657) (42,438) (46,120)
Income taxes 1,796 1,782
Net loss $ (22,207) $ (20,657) $ (40,656) $ (46,120)
Basic and diluted net loss per common share $ (1.22) $ (1.88) $ (2.41) $ (4.30)
Weighted average number of common shares outstanding – basic and diluted 18,258,890 11,012,866 16,847,920 10,737,555