v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) attributable to common stockholders $ (41,496,847) $ (1,487,769)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 967  
Stock-based compensation 4,655,028 182,269
Gain on extinguishment of debt (120,810)  
Change in fair value of warrant liability (1,468,649)  
Change in fair value of cash earnout liability 354,701  
Change in fair value of embedded put   27,160
Amortization of debt discount   16,454
Non-cash interest expense 10,288 26,992
Non-cash settlement expense 21,365,641  
Non-cash consulting expense 4,850,000  
Loss on conversion of notes payable   306,641
Changes in operating assets and liabilities:    
Accounts receivable 831,390 (314,222)
Prepaid expenses and other assets (4,847,806) (46,760)
Accounts payable 2,562,762 562,409
Accrued expenses and other liabilities (1,104,791) (1,446)
Net cash used in operating activities (14,408,126) (728,272)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of computer equipment (2,783)  
Net cash used in investing activities (2,783)  
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable   619,842
Proceeds from issuance of series B-2 Preferred stock   50,004
Proceeds from issuance of common stock, net of transaction costs 8,489,082 176,990
Proceeds from exercise of warrant 7,500,018  
Effect of Merger, net of transaction costs 11,049,628  
Repayment of notes payable assumed in Merger (1,100,000)  
Net cash provided by financing activities 25,938,728 846,836
Net increase in cash 11,527,819 118,564
Cash at beginning of period 1,858,513 877,421
Cash at end of period 13,386,332 $ 995,985
Non-cash investing and financing activities    
Reclassification of settlement liability upon issuance of warrant 60,851,779  
Extinguishment of Paycheck Protection Program Loan $ 120,810  

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