Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.21.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:      
Net loss $ (40,052) $ (10,160) $ (10,838)
Adjustments to reconcile net loss to net cash and restricted cash used in operating activities:      
Depreciation and amortization 596 526 472
Stock-based compensation 9,621 490 317
Change in fair value of warrant liabilities 18,331 0 0
Merger costs 1,731 0 0
Deferred tax benefit (3,643) 0 0
Loss on sale of property and equipment 0 0 28
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (4,314) (346) (315)
Accounts receivable (414) (591) (165)
Other non-current assets (119) 17 (93)
Operating lease assets/liabilities 3 11 (27)
Accounts payable and accrued expenses 1,963 (1,410) (402)
Deferred revenue 681 645 721
Other 1 0 0
Net cash used in operating activities (15,615) (10,818) (10,302)
Cash Flows From Investing Activities:      
Acquisition, net of cash acquired (23,065) 0 0
Investment in joint venture 0 0 (200)
Purchase of property and equipment (297) (377) (604)
Purchase of short-term investments (308,772) 0 0
Proceeds from sale of short-term investments 11,300 0 0
Net cash used in investing activities (321,338) (377) (1,054)
Cash Flows From Financing Activities:      
Proceeds from the exercise of common stock options 144 15 116
Taxes paid related to net share settlement of equity awards (52) 0 0
Proceeds from note payable 0 1,165 0
Repayment of note payable (1,165) 0 0
Proceeds from recapitalization of EIC, net of issuance costs 213,698 0 0
Proceeds from sale of common stock in PIPE, net of issuance costs 119,634 0 0
Net cash provided by financing activities 332,259 1,180 116
Net decrease in cash and cash equivalents and restricted cash (4,694) (10,015) (11,240)
Cash and cash equivalents and restricted cash - beginning 12,276 22,291 33,531
Cash and cash equivalents and restricted cash - ending 7,582 12,276 22,291
Reconciliation to consolidated balance sheets      
Cash and cash equivalents 6,952 12,162 22,177
Restricted cash 630 114 114
Total 7,582 12,276 22,291
Supplemental cash flow information      
Interest 12 0 0
Income Taxes 0 0 0
Non-cash investing and financing activities      
Adoption of new leases under ASC 842 entered into during the period 13 788 512
Prepaid expenses and other current assets 90 0 0
Accounts payable and accrued expenses (482) 0 0
Warrant liability (23,886) 0 0
Domain name      
Cash Flows From Investing Activities:      
Payments to acquire intangible assets (504) 0 0
Customer list      
Cash Flows From Investing Activities:      
Payments to acquire intangible assets $ 0 $ 0 $ (250)