Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (25,212,000) $ 5,918,000
Adjustments:    
Depreciation and amortization 8,394,000 6,034,000
Amortization of loan costs 34,000 20,000
Stock-based compensation expense 6,868,000 900,000
Change in fair value of warrant liabilities 2,716,000 0
Asset impairments 8,353,000 0
Deferred income tax expense 7,945,000 (110,000)
Other (203,000) 242,000
Receivables (203,000) (10,311,000)
Prepaid expenses and other current assets 871,000 (164,000)
Income tax receivable 366,000 1,021,000
Accounts payable & accrued liabilities 1,926,000 1,220,000
Other (270,000) 28,000
Net cash provided by operating activities 11,585,000 4,798,000
Cash flows from investing activities:    
Purchase of property and equipment (1,936,000) (197,000)
Additions to internal-use software (5,519,000) (6,710,000)
Additions to notes receivable and other investments 0 (5,034,000)
Receipts of notes receivable 2,348,000 0
Net cash used in investing activities (5,107,000) (11,941,000)
Cash flows from financing activities:    
Proceeds from stock option exercises 130,000 808,000
Payments for capitalized offering costs 0 (2,968,000)
Net cash provided by (used in) financing activities 130,000 (2,160,000)
Foreign currency translation (145,000) (149,000)
Net change in cash and cash equivalents 6,463,000 (9,452,000)
Cash and cash equivalents at beginning of period 213,502,000 48,927,000
Cash and cash equivalents at end of period 219,965,000 39,475,000
Supplemental cash flow disclosures:    
Interest paid 35,000 27,000
Income taxes paid, net of refunds 244,000 487,000
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 1,101,000 209,000
Increase in property and equipment included in accounts payable and other long-term liabilities 656,000 0
Capitalization of deferred transaction costs included in accrued liabilities and accounts payable 0 263,000
Addition to note receivable included in accrued liabilities $ 0 $ 2,500,000