Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Cash Flows From Operating Activities:      
Net loss   $ (30,868) $ (9,447)
Adjustments to reconcile net loss to net cash and restricted cash used in operating activities:      
Depreciation and amortization   405 398
Stock-based compensation   5,697 268
Change in fair value of warrant liabilities $ 14,913 14,913  
Recapitalization costs attributable to warrant liabilities 1,742 1,742  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets   (6,120) (203)
Accounts receivable   (620) (248)
Other non-current assets   (35) 20
Operating lease assets/liabilities   (14) (19)
Accounts payable and accrued expenses   3,782 (1,591)
Deferred revenue   1,293 907
Net cash used in operating activities   (9,825) (9,915)
Cash Flows From Investing Activities:      
Purchase of domain name   (503)  
Purchase of property and equipment   (230) (381)
Purchase of short-term investments   (303,163)  
Net cash used in investing activities   (303,896) (381)
Cash Flows From Financing Activities:      
Proceeds from the exercise of common stock options   24 5
Proceeds from note payable     1,165
Repayment of note payable   (1,165)  
Proceeds from recapitalization of EIC, net of issuance costs   213,585  
Proceeds from sale of common stock in PIPE, net of issuance costs   119,634  
Net cash provided by financing activities   332,078 1,170
Net increase (decrease) in cash and cash equivalents and restricted cash   18,357 (9,126)
Cash and cash equivalents and restricted cash - beginning   12,276 22,291
Cash and cash equivalents and restricted cash - ending 30,633 30,633 13,165
Cash and cash equivalents 30,003 30,003 13,049
Restricted cash $ 630 630 116
Supplemental cash flow information      
Interest   12  
Income Taxes   0 0
Non-cash investing and financing activities      
Adoption of new leases under ASC 842 entered into during the period   13 $ 788
Initial measurement of net assets assumed in the recapitalization of EIC:      
Prepaid expenses and other current assets   90  
Accounts payable and accrued expenses   (348)  
Warrant liability   $ (23,886)