Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:          
Net loss     $ (91,123) $ (28,621)  
Adjustments to reconcile net loss to cash used in operating activities:          
Depreciation     220 78 $ 161
Share-based compensation expense     840 1,783  
Interest on short-term investments     (261)    
Non-cash loss on short-term investments     196    
Amortization of debt discount and deferred financing costs     3,017 4,720  
Financing transaction costs included in financing activities       2,130  
Adjustments to fair value of derivatives $ (15,794) $ 12 74,309 (1,667)  
Other     621 556  
Changes in operating assets and liabilities:          
Prepaid expenses and other current assets     2,141 499  
Accounts payable     1,129 (13,240)  
Accrued expenses     (557) (8,510)  
Income taxes     (140) 299  
Other liabilities     (533) (586)  
Net cash used in operating activities     (9,473) (41,080)  
Cash flows from investing activities:          
Purchases of property and equipment       (2)  
Purchases of short-term investments     (55,064)    
Net cash used by investing activities     (55,064) (2)  
Cash flows from financing activities:          
Proceeds from PPP Loan       744  
Repayments of long-term debt     (3,258) (3,103)  
Proceeds from private placement, net of transactions costs       46,612  
Proceeds from issuance of ordinary shares, net of transaction costs     89,648 4,328  
Net cash provided by financing activities     86,390 48,581  
Effect of exchange rates on cash and cash equivalents     (2) (33)  
Net increase in cash, cash equivalents and restricted cash     21,851 7,466  
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 $ 36,667 $ 12,357 36,667 12,357 $ 14,816
Supplemental Disclosure of Cash Flow Information:          
Income tax paid - US     322    
Interest paid     273 547  
Exchangeable Notes          
Adjustments to reconcile net loss to cash used in operating activities:          
Interest on exchangeable notes - non-cash     $ 668 $ 1,479