Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash flows from operating activities:      
Net loss $ (3,500) $ (98,921)  
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation 29 35 $ 391
Amortization of intangible asset 429    
Share-based compensation expense 1,895 281  
Interest on short-term investments (100) (85)  
Non-cash loss on short-term investments 395 52  
Amortization of debt discount and deferred financing costs 572 2,372  
Adjustments to fair value of derivatives (5,177) 90,103  
Other 798 345  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 181 3,170  
Accounts payable (195) 1,037  
Accrued expenses 810 248  
Income taxes 427 60  
Other liabilities (174) (265)  
Net cash used in operating activities (3,405) (1,132)  
Cash flows from investing activities:      
Purchases of short-term investments (11,307) (33,920)  
Proceeds from sale of short-term investments 20,900    
Net cash provided by / (used in) investing activities 9,593 (33,920)  
Cash flows from financing activities:      
Repayments of long-term debt (2,251) (1,629)  
Proceeds from issuance of ordinary shares, net of transaction costs   88,611  
Net cash (used in) / provided by financing activities (2,251) 86,982  
Effect of exchange rates on cash and cash equivalents (22) (6)  
Net increase in cash, cash equivalents and restricted cash 3,915 51,924  
Cash, cash equivalents and restricted cash, at beginning of period 27,510 14,816 14,816
Cash, cash equivalents and restricted cash, at end of period 31,425 66,740 $ 27,510
Supplemental Disclosure of Cash Flow Information:      
Interest paid 22 152  
Exchangeable Notes      
Adjustments to reconcile net loss to cash used in operating activities:      
Interest on exchangeable notes - non-cash $ 205 $ 436