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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 $ (7,449) $ (1,936)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 673 182
Non-cash operating lease expense 431 0
Stock-based compensation 1,496 280
Change in fair value of warrants (2,787) 1,349
Non-cash interest expense 0 5
Changes in operating assets and liabilities    
Decrease in trade receivables, net 163 5,800
Increase in prepaid expenses and other operating assets (1,950) (365)
Increase/ (decrease) in trade payables (191) 265
Increase/ (decrease) in employees and payroll accruals 1,704 (1,031)
Decrease in operating lease liabilities (410) 0
Increase in accrued expenses and other operating liabilities 1,107 588
Net cash (used in)/ provided by operating activities (7,213) 5,137
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (99,568) 0
Internal use software capitalization (1,671) 0
Purchase of property and equipment (97) (164)
Decrease in deposits 3 11
Net cash used in investing activities (101,333) (153)
Cash flows from financing activities:    
Repayment of acquisition liability 0 (126)
Payment of SPAC merger transaction costs (3,180) 0
Proceeds from exercise of options 462 306
Net cash (used in)/ provided by financing activities (2,718) 180
Increase/ (decrease) in cash, cash equivalents and restricted cash (111,264) 5,164
Cash, cash equivalents and restricted cash at the beginning of the year 157,158 16,092
Cash, cash equivalents and restricted cash at the end of the period 45,894 21,256
Supplemental disclosure of cash flows activities:    
Income taxes paid, net of tax refunds 165 80
Interest 61 60
Non-cash transactions    
Business combination consideration paid in stock 47,152 0
Accretion of preferred stock to redemption value 0 23,728
Reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position    
Cash and cash equivalents 45,441 20,825
Long-term restricted deposits 453 431
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 45,894 $ 21,256

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