Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net loss $ (21,391) $ (28,962)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 3,668 4,652
Amortization of debt discount 1,214 1,537
Amortization of debt issuance costs 390
Change in fair value of derivative liability (2,360) 2,086
Debt extinguishment, net (1,112)
Depreciation and amortization 1,594 1,214
Loss on lease termination 22
(Gain)/loss on disposal of property and equipment 10 (6)
Allowance for doubtful accounts 405 151
Effect of changes in assets and liabilities:    
Accounts receivable (461) (721)
Prepaid expenses and other current assets 146 (301)
Operating lease right-of-use assets 222 424
Other assets (13)
Accounts payable, accrued expenses, and accrued interest 790 910
Contract liabilities 563 631
Deferred incentive compensation (377) (521)
Operating lease liabilities (397) (493)
Net cash used in operating activities (15,975) (20,511)
Investing Activities:    
Proceeds from sale of property and equipment 3 11
Capitalized software development costs (4,299) (41)
Purchases of property and equipment (24) (26)
Purchases of intangible assets (82)
Net cash used in investing activities (4,402) (56)
Financing Activities:    
Proceeds from sale of common stock 20,150 18,851
Proceeds from convertible notes payable 6,000
Advances on future receipts 2,500 7,368
Proceeds from warrant exercise 2,784
Payments of convertible notes payable (2,740)
Payments of advances on future receipts (5,381) (7,162)
Proceeds from option exercise 377 569
Payments for debt issuance costs (545)
Net cash provided by financing activities 20,361 22,410
Net change in cash (16) 1,843
Cash - beginning of period 937 1,815
Cash - end of period $ 921 $ 3,658