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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (40,656) $ (46,120)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 245 220
Amortization of platform development and intangible assets 13,087 12,031
Gain upon debt extinguishment (5,717)
Amortization of debt discounts 934 1,001
Loss on impairments of assets 257
Change in valuation of warrant derivative liabilities 305
Noncash and accrued interest 69 3,632
Liquidated damages 300 1,364
Stock-based compensation 16,466 13,215
Deferred income taxes (1,782)
Other 469 (759)
Change in operating assets and liabilities net of effect of business combination:    
Accounts receivable 5 4,375
Subscription acquisition costs 2,143 (13,784)
Royalty fees 7,500 7,500
Prepayments and other current assets 264 (4,060)
Other long-term assets 13 (121)
Accounts payable 335 4
Accrued expenses and other (7,131) 1,714
Unearned revenue 945 14,934
Subscription refund liability (693) 737
Operating lease liabilities (107) (404)
Other long-term liabilities (128)
Net cash used in operating activities (7,465) (9,933)
Cash flows from investing activities    
Purchases of property and equipment (379) (182)
Capitalized platform development (2,784) (1,971)
Proceeds from sale of equity investment 2,450
Payments for acquisition of business, net of cash acquired (9,481) (7,057)
Net cash used in investing activities (10,194) (9,210)
Cash flows from financing activities    
Borrowings (repayments) under line of credit (4,180) (2,249)
Proceeds from common stock public offering, net of offering costs 32,058
Payments of issuance costs from common stock public offering (1,568)
Payment of The Spun deferred cash payment (453)
Proceeds from common stock private placement 20,005
Payments of issuance costs from common stock private placement (167)
Payment for taxes related to repurchase of restricted common stock (556) (41)
Payment of restricted stock liabilities (2,152) (716)
Net cash provided by financing activities 23,149 16,832
Net increase (decrease) in cash, cash equivalents, and restricted cash 5,490 (2,311)
Cash, cash equivalents, and restricted cash – beginning of period 9,851 9,535
Cash, cash equivalents, and restricted cash – end of period 15,341 7,224
Cash, cash equivalents, and restricted cash    
Cash and cash equivalents 14,839 6,723
Restricted cash 502 501
Total cash, cash equivalents, and restricted cash 15,341 7,224
Supplemental disclosure of cash flow information    
Cash paid for interest 4,323 289
Cash paid for income taxes
Noncash investing and financing activities    
Reclassification of stock-based compensation to platform development 1,125 859
Issuance of common stock in connection with settlement of liquidated damages 7,008
Issuance of common stock in connection with professional services 125
Common stock issued in connection with acquisition of Athlon 3,141
Deferred cash payments in connection with acquisition of Athlon 1,889
Assumption of liabilities in connection with acquisition of Athlon 12,642
Deferred cash payments in connection with acquisition of The Spun 1,639
Assumption of liabilities in connection with acquisition of The Spun 2
Conversion of Series H convertible preferred stock into common stock $ 511