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 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net loss     $ (10,235) $ (91,123)  
Adjustments to reconcile net loss to cash used in operating activities:          
Depreciation     55 220 $ 391
Amortization of intangible asset     858    
Share-based compensation expense     3,879 840  
Interest on short-term investments     (123) (261)  
Non-cash loss on short-term investments     490 196  
Amortization of debt discount and deferred financing costs     1,157 3,017  
Adjustments to fair value of derivatives $ (2,155) $ (15,794) (7,332) 74,309  
Other     1,404 621  
Changes in operating assets and liabilities:          
Prepaid expenses and other current assets     (1,366) 2,141  
Accounts payable     (92) 1,129  
Accrued expenses     1,797 (557)  
Income taxes     (128) (140)  
Other liabilities     (443) (533)  
Net cash used in operating activities     (9,669) (9,473)  
Cash flows from investing activities:          
Puchases of property, plant and equipment     (10)    
Purchases of short-term investments     (34,858) (55,064)  
Proceeds from sale of short-term investments     28,600    
Net cash used in investing activities     (6,268) (55,064)  
Cash flows from financing activities:          
Repayments of long-term debt     (2,251) (3,258)  
Proceeds from issuance of ordinary shares, net of transaction costs       89,648  
Net cash (used in) / provided by financing activities     (2,251) 86,390  
Effect of exchange rates on cash and cash equivalents     (49) (2)  
Net increase in cash, cash equivalents and restricted cash     (18,237) 21,851  
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 $ 9,273 $ 36,667 9,273 36,667 $ 27,510
Supplemental Disclosure of Cash Flow Information:          
Income tax paid - US     898 322  
Interest paid     22 273  
Exchangeable Notes          
Adjustments to reconcile net loss to cash used in operating activities:          
Interest on exchangeable notes - non-cash     $ 410 $ 668