v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (12,111,000) $ (30,253,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and long-lived assets impairment 8,291,000 8,808,000
Loss on disposal of property and equipment 15,000 0
Goodwill impairment 0 14,503,000
Stock-based compensation 14,526,000 15,470,000
Change in fair value of warrants 104,000 (3,688,000)
Loss on foreign exchange, net 321,000 0
Changes in operating assets and liabilities:    
Trade receivables, net 2,055,000 94,000
Prepaid expenses and other assets 1,349,000 (1,167,000)
Operating lease right of use assets 438,000 1,351,000
Trade payables 984,000 (36,000)
Employee and payroll accruals (4,920,000) 1,770,000
Operating lease liabilities (508,000) (1,683,000)
Accrued expenses and other liabilities 1,371,000 2,268,000
Net cash provided by operating activities 11,915,000 7,437,000
Cash flows from investing activities:    
Internal use software capitalization (6,098,000) (7,795,000)
Purchases of property and equipment (983,000) (395,000)
Withdrawal of short-term bank deposits 165,000 10,000,000
Decrease in deposits 0 77,000
Net cash (used in) provided by investing activities (6,916,000) 1,887,000
Cash flows from financing activities:    
Proceeds from loan 0 20,000,000
Payment on loan (20,000,000) (20,000,000)
Proceeds from exercise of options 312,000 772,000
Net cash (used in) provided by financing activities (19,688,000) 772,000
Effect of exchange rates on cash, cash equivalents and restricted cash (321,000) 0
(Decrease) increase in cash, cash equivalents, and restricted cash (15,010,000) 10,096,000
Cash, cash equivalents, and restricted cash at the beginning of the period 49,997,000 37,971,000
Cash, cash equivalents, and restricted cash at the end of the period 34,987,000 48,067,000
Supplemental disclosures:    
Income taxes paid 2,990,000 1,129,000
Interest paid 117,000 1,141,000
Non-cash transactions:    
Right of use assets obtained in exchange for lease liability upon lease modification 9,897,000 0
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 34,564,000 47,680,000
Long-term restricted deposits 423,000 387,000
Total cash, cash equivalents, and restricted cash $ 34,987,000 $ 48,067,000

Source

PDF HTML 10-Q Filing
ZIP XLS HTML XBRL