Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flow

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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (153,380) $ (57,643)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 2,745 1,006
Loss on disposal of fixed assets 18  
Gain on change in fair value of warrants (11,061) (3,922)
Gain on foreign currency transactions 73 5
Stock-based compensation 49,843 6,021
Change in operating assets and liabilities    
Accounts receivable 3,461 (16,187)
Inventories (1,883) (355)
Deferred fulfillment costs (4,228) (17,505)
Prepaid expenses and other assets (9,201) 8
Accounts payable 4,952 442
Accrued expenses 7,856 3,425
Contract liabilities (3,115) (8,306)
Other liabilities (138) 2,027
Net cash used in operating activities (114,058) (55,974)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (4,069) (8,718)
Net cash used in investing activities (4,069) (8,718)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 3,103 226
Proceeds from issuance of common stock upon Merger, net of issuance costs paid 192,088  
Net cash provided by financing activities 195,191 226
Effect of exchange rate on cash (91) (4)
Net increase (decrease) in cash, cash equivalents, and restricted cash 76,973 (64,470)
Cash, cash equivalents, and restricted cash at beginning of period 94,978 159,448
Cash, cash equivalents, and restricted cash at end of period 171,951 94,978
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assumption of merger warrants liability 24,338
Conversion of redeemable convertible preferred stock to common stock (223,442)
Settlement of promissory note through repurchase of shares 10,238 0
Purchase of property and equipment included in accounts payable and accrued expenses 165 0
RECONCILIATION OF CASH AND RESTRICTED CASH WITHIN THE CONSOLIDATED BALANCE SHEETS TO THE AMOUNTS SHOWN IN THE CONSOLIDATED STATEMENTS OF CASH FLOWS ABOVE    
Cash and cash equivalents 171,089 93,857
Restricted cash 862 1,121
Total cash, cash equivalents, and restricted cash $ 171,951 $ 94,978