v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,448) $ (25,489)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1  
Stock-based compensation 1,334 372
Gain on extinguishment of debt   (121)
Change in fair value of warrant liabilities (157)  
Change in fair value of earnout cash liability (2,103)  
Non-cash interest expense 2 5
Non-cash settlement expense   21,366
Changes in operating assets and liabilities:    
Accounts receivable   831
Prepaid expenses and other assets 1,727 (50)
Accounts payable 624 1,229
Accrued expenses and other liabilities 1,640 (1,158)
Net cash used in operating activities (10,380) (3,015)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of computer equipment (3)  
Net cash used in investing activities (3)  
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of transaction costs   6,927
Proceeds from issuance of common stock for exercise of warrant   7,500
Proceeds from issuance of common stock and warrants issued in private placement, net of issuance costs 22,980  
Net cash provided by financing activities 22,980 14,427
Net increase in cash 12,597 11,412
Cash at beginning of period 27,605 1,859
Cash at end of period 40,202 13,271
Non-cash investing and financing activities    
Reclassification of settlement liability upon issuance of warrant   60,852
Issuance of common stock warrants as offering costs 726  
Extinguishment of Paycheck Protection Program Loan   $ 121
Issuance of common stock for settlement of accrued liability $ 17  

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