Cash Flow

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities:    
Net loss $ (36,145) $ (9,905)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,686 300
Non-cash lease expense 690 137
Dividend and interest income (162)
Change in fair value of derivative and other accrued liabilities 60 (68)
Provision for bad debt 730 98
Loss on disposal of fixed assets 98
Accrued interest converted to notes payable 3
Provision for slow moving and obsolete inventory 149 (276)
Gain on settlement of debt (379)
Gain on settlement of accounts payable, net (23)
Stock-based compensation:    
Common stock 1,532 182
Options 8,776 298
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (2,986) (57)
Inventory (3,575) (1,713)
Prepaid expenses and other current assets (2,240) 125
Other assets 240 (54)
Accounts payable and accrued expenses 1,151 1,042
Other liabilities 39
Lease liabilities (505) (141)
Deferred revenue 986 (203)
Total Adjustments 6,192 (252)
Net Cash Used In Operating Activities (29,953) (10,157)
Cash Flows From Investing Activities:    
Proceeds from sale of marketable securities 6,804 2,774
Purchase of marketable securities (60,267)
Capitalization of engineering costs paid (237)
Cash acquired in the purchase of Blue Corner 243
Purchase consideration of Blue Corner (22,985)
Cash acquired in the purchase of BlueLA Carsharing, LLC 4
Purchases of property and equipment (5,540) (681)
Net Cash (Used In) Provided By Investing Activities (81,982) 2,097
Cash Flows From Financing Activities:    
Proceeds from Issuance Initial Public Offering [1] 221,333 17,836
Proceeds from issuance of notes payable 856
Proceeds from exercise of warrants 1,619 144
Payment of financing liability in connection with internal use software (39) (53)
Net Cash Provided By Financing Activities 222,913 18,783
Effect of Exchange Rate Changes on Cash (165)
Net Increase In Cash 110,813 10,723
Cash and Restricted Cash - Beginning of Period 22,417 4,169
Cash and Restricted Cash - End of Period 133,230 14,892
Cash and restricted cash consisted of the following:    
Cash 133,153 14,863
Restricted cash 77 28
Cash paid during the period for:    
Interest
Non-cash investing and financing activities:    
Reduction of additional pain-in capital for public offering issuance costs for public offering issuance costs that were previously paid (39)
Common stock issued as consideration for property and equipment 600
Common stock issued as purchase consideration of Blue Corner 790
Options issued in satisfaction of accrued issuable equity 16
Interest expense converted into principal 2
Net assets (excluding cash) acquired in the acquisition of BlueLA Carsharing, LLC 84
Right-of-use assets obtained in exchange for lease obligations 1,713 598
Change in fair value of marketable securities (49)
Subscription receivable, net of issuance costs of $19 419
Transfer of inventory to property and equipment $ 1,839 $ (1,324)
[1] For the nine months ended September 30, 2021, includes gross proceeds of $232,060, less issuance costs of $10,727. For the nine months ended September 30, 2020, includes gross proceeds of $18,521, less issuance costs of $685.

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