Annual report pursuant to Section 13 and 15(d)

Consoldiated Statements of Cash Flows

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Consoldiated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:      
Net loss $ (91,560) $ (55,119) $ (17,846)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 9,547 2,731 680
Non-cash lease expense 997 1,246
Dividend and interest income (62)
Change in fair value of contingent consideration (1,499)
Change in fair value of derivative and other accrued liabilities 66 69 (173)
Provision for bad debt 1,336 908 270
Loss on disposal of fixed assets 113 156 279
Provision for slow moving and obsolete inventory 78 (187) (392)
Gain on forgiveness of PPP loan (856)
Gain on settlement of accounts payable, net (22)
Stock-based compensation:      
Common stock 11,224 4,391 233
Options 4,689 14,717 715
Changes in operating assets and liabilities:      
Accounts receivable and other receivables (11,869) (5,212) (336)
Inventory (24,283) (9,227) (1,247)
Prepaid expenses and other current assets (1,782) 710 (581)
Other assets 2 262 (226)
Accounts payable and accrued expenses 16,243 3,723 842
Other liabilities 18 103
Lease liabilities (825) (1,021) (184)
Deferred revenue 5,140 2,098 (82)
Total Adjustments 9,195 14,549 (224)
Net Cash Used In Operating Activities (82,365) (40,570) (18,070)
Cash Flows From Investing Activities:      
Proceeds from sale of marketable securities 6,804 2,774
Note receivable (2,200)
Purchase consideration of SemaConnect, net of cash acquired (38,338)
Purchase of marketable securities (7,209)
Capitalization of engineering costs (294) (237)
Purchase consideration of Blue Corner, net of cash acquired (22,742)
Cash acquired in the purchase of BlueLA Carsharing, LLC 3
Purchase consideration of Electric Blue, net of cash acquired (11,360)
Cash acquired in the purchase of U-Go Stations, Inc. 30
Purchases of property and equipment (5,249) (7,065) (2,547)
Net Cash (Used In) Provided By Investing Activities (57,441) (30,449) 260
Cash Flows From Financing Activities:      
Proceeds from sale of common stock in public offering [1] 7,386 221,333 19,175
Proceeds from exercise of options and warrants 220 2,000 16,265
Proceeds from issuance of notes payable 856
Repayment of financing liability in connection with finance lease (217)
Repayment of notes payable (681) (165)
Payment of financing liability in connection with internal use software (315) (62) (72)
Net Cash Provided By Financing Activities 6,393 223,271 36,059
Effect of Exchange Rate Changes on Cash and Cash Equivalents (4,830) 206
Net (Decrease) Increase In Cash and Cash Equivalents and Restricted Cash (138,243) 152,458 18,249
Cash and Cash Equivalents and Restricted Cash - Beginning of Year 174,876 22,418 4,169
Cash and Cash Equivalents and Restricted Cash - End of Year 36,633 174,876 22,418
Cash and cash equivalents and restricted cash consisted of the following:      
Cash and cash equivalents 36,562 174,795 22,342
Restricted cash 71 81 76
 Total Cash and cash equivalents and restricted cash 36,633 174,876 22,418
Cash paid during the year for:      
Interest
Income taxes 73
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
Net assets (excluding cash) acquired in the acquisition of BlueLA Carsharing, LLC 84
Internal use software obtained in exchange for financing liability 416
Right-of-use assets obtained in exchange for lease obligations 1,787 2,129 598
Property and equipment obtained in exchange for finance lease obligations 931
Transfer of inventory to property and equipment (5,283) (2,189) (1,980)
Common stock issued as purchase consideration for the acquisition of U-Go Stations, Inc. 1,219
Net assets (excluding cash) acquired in the acquisition of U-Go Stations, Inc. 1,216
Accrued interest converted to notes payable 5 5
Common stock issued in satisfaction of accrued issuable equity 201
Accrual of additional stock consideration for U-Go Stations, Inc. 60
Common stock issued as purchase consideration of SemaConnect 113,837
Common stock issued as purchase consideration of Electric Blue 2,852
Intangible assets obtained in exchange for financing liability $ 660
[1] For the year ended December 31, 2022, includes gross proceeds of $7,697, less issuance costs of $311 deducted directly from the offering proceeds. For the year ended December 31, 2021, includes gross proceeds of $232,060, less issuance costs of $10,727 deducted directly from the offering proceeds. For the year ended December 31, 2020, includes gross proceeds of $20,000, less issuance costs of $825 deducted directly from the offering proceeds.