Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (98,921) $ (16,100)  
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation 35 39 $ 161
Share-based compensation expense 281 597  
Interest on short-term investments (85)    
Non-cash loss on short-term investments 52    
Amortization of debt discount and deferred financing costs 2,372 1,614  
Financing transaction costs included in financing activities   2,130  
Adjustments to fair value of derivatives 90,103 (1,679)  
Other 345 378  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 3,170 590  
Accounts payable 1,037 (9,185)  
Accrued expenses 248 (6,214)  
Income taxes 60 121  
Other liabilities (265) (334)  
Net cash used in operating activities (1,132) (27,391)  
Cash flows from investing activities:      
Purchases of short-term investments (33,920)    
Net cash used by investing activities (33,920)    
Cash flows from financing activities:      
Repayments of long-term debt (1,629) (1,552)  
Proceeds from private placement, net of transactions costs   47,423  
Proceeds from issuance of ordinary shares, net of transaction costs 88,611    
Net cash provided by financing activities 86,982 45,871  
Effect of exchange rates on cash and cash equivalents (6) (24)  
Net increase in cash, cash equivalents and restricted cash 51,924 18,456  
Cash, cash equivalents and restricted cash, at beginning of period 14,816 4,891 4,891
Cash, cash equivalents and restricted cash, at end of period 66,740 23,347 $ 14,816
Supplemental Disclosure of Cash Flow Information:      
Interest paid 152 294  
Exchangeable Notes      
Adjustments to reconcile net loss to cash used in operating activities:      
Interest on exchangeable notes - non-cash $ 436 $ 652