Current report filing

Unaudited Interim Condensed Consolidated Statements of Cash Flows

v3.22.4
Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:    
Net income (loss) $ 772,000 $ (2,361,000)
Adjustments to reconcile net income (loss) to net cash and restricted cash used in operating activities:    
Depreciation and amortization 717,000 139,000
Stock-based compensation 2,931,000 1,275,000
Change in fair value of warrant liabilities (10,909,000) 0
Deferred tax benefit (109,000) 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (873,000) (375,000)
Accounts receivable (1,783,000) (453,000)
Other non-current assets (12,000) (3,000)
Operating lease assets/liabilities 4,000 (32,000)
Accounts payable and accrued expenses 1,924,000 1,363,000
Deferred revenue 1,322,000 445,000
Net cash used in operating activities (6,016,000) (2,000)
Cash Flows From Investing Activities:    
Purchase of property and equipment (224,000) (33,000)
Proceeds from sales of short-term investments 17,209,000 0
Net cash provided by (used in) investing activities 4,628,000 (536,000)
Cash Flows From Financing Activities:    
Proceeds from the exercise of stock options 161,000 2,000
Taxes paid related to net share settlement of equity awards (3,121,000) 0
Deferred recapitalization costs related to the merger 0 (1,403,000)
Net cash used in financing activities (2,960,000) (1,401,000)
Effect of foreign exchange rate changes on cash balances (9,000) 0
Net decrease in cash and cash equivalents and restricted cash (4,357,000) (1,939,000)
Cash and cash equivalents and restricted cash - beginning 7,582,000 12,276,000
Cash and cash equivalents and restricted cash - ending 3,225,000 10,337,000
Reconciliation to consolidated balance sheets:    
Cash and cash equivalents 2,595,000 10,216,000
Restricted cash 630,000 121,000
Total 3,225,000 10,337,000
Non-cash investing and financing activities:    
Adoption of new leases under ASC 842 entered into during the period 208,000 0
Domain name    
Cash Flows From Investing Activities:    
Payments to acquire intangible assets 0 (503,000)
Helijet rights    
Cash Flows From Investing Activities:    
Payments to acquire intangible assets $ (12,357,000) $ 0