Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (61,361) $ (49,557)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,814 165
Stock-based compensation 5,158 5,433
Changes in operating assets and liabilities:    
Prepaid expenses and other 268 (4,381)
Accounts payable (571) (1,564)
Lease liabilities and ROU asset, net 7 2
Accrued expenses and other current liabilities (1,593) (2,315)
Net cash used in operating activities (56,278) (52,217)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of a business (22,174)
Purchase of property and equipment (5,644) (34,656)
Net cash used in investing activities (27,818) (34,656)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock (13,965)
Proceeds from ESPP 29 40
Proceeds, net of $4,255, from sale of convertible redeemable preferred stock 27,245
Proceeds, net of $137 and $1,933 expenses, from sale of common stock and warrants 3,465 57,955
Net cash (used in)/ provided by financing activities (10,471) 85,240
Effect of currency rate change on cash (43) (49)
Net decrease in cash, cash equivalents and restricted cash (94,610) (1,682)
Cash, cash equivalents and restricted cash beginning of the period 120,470 178,900
Cash, cash equivalents and restricted cash end of period 25,860 177,218
Non-cash financing and investing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities 1,164 (1,950)
Preferred stock deemed dividend $ 4,255