v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows Used in Operating Activities    
Net income (loss) $ (24,507) $ (31,887)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 624 650
Amortization of intangible assets 1,255 3,026
Amortization of right of use asset 158 353
Stock based compensation 570 2,274
Amortization of warrant liability to redemption value 20 0
Earnout expense valuation benefit 0 (2,827)
Gain on settlement with FOXO (1,142) 0
Amortization of debt issuance costs 1,686 (92)
Unrealized gain on note 0 344
Unrealized loss on foreign currency transactions (178) 0
Distribution of equity method investment shares to employees as compensation 666 0
Deferred income tax 2,591 (1)
Unrealized loss on equity securities 58 1,256
Impairment of goodwill 0 7,570
Gain on fair value of warrant liability 71 0
Other 22 181
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (1,016) 361
Inventory (779) 285
Prepaid expenses and other current assets 890 1,357
Other assets (4) 25
Accounts payable (634) (1,498)
Accrued liabilities 3,796 542
Income tax liabilities (119) (40)
Deferred revenue 325 (1,096)
Operating lease obligation (158) (327)
Net Cash Used in Operating Activities (15,805) (19,544)
Cash Flows Used in Investing Activities    
Purchase of property and equipment (45) (140)
Investment in capitalized software (135) (306)
Purchase of convertible note 0 (5,500)
Sales of treasury bills 0 43,001
Proceeds from repayment of note receivable 150 0
Issuance of note receivable (450) 0
Net Cash (Used in) Provided By Investing Activities (480) 37,055
Cash From Financing Activities    
Net proceeds from issuance of preferred stock 0 46,906
Net proceeds from promissory note 125 364
Net proceeds from ATM 20,383 0
Cash paid for redemption of preferred stock series 7 0 (49,250)
Taxes paid related to net share settlement of restricted stock units 0 (336)
Repayment of CXApp acquisition liability (197) (1,847)
Common shares issued for net proceeds from warrants 1 0
Distribution to shareholders related to spin-off of CXApp (10,003) 0
Net Cash Provided By (Used In) Financing Activities 11,718 (4,163)
Effect of Foreign Exchange Rate on Changes on Cash 13 (73)
Net (Decrease)/Increase in Cash and Cash Equivalents (4,554) 13,275
Cash and Cash Equivalents - Beginning of period 20,235 52,480
Cash and Cash Equivalents - End of period 15,681 65,755
Cash paid for:    
Interest 0 2
Income Taxes 7 100
Non-cash investing and financing activities    
Common shares issued for extinguishment of debt 3,446 2,000
Noncash debt modification fees 144 0
Marketable securities received for settlement of FOXO 1,142 0
Common shares issued for CXApp Earnout Payment 0 3,697
Common shares issued in exchange for warrants 0 14
Noncash net assets distribution to shareholders related to spin-off of CXApp 14,227 0
Net proceeds from the issuance of warrants $ 1,409 $ 0

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