Transition report pursuant to Rule 13a-10 or 15d-10

Unaudited Interim Condensed Consolidated Statements of Cash Flows

v3.22.0.1
Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:    
Net income (loss) $ 772 $ (2,361)
Adjustments to reconcile net income (loss) to net cash and restricted cash used in operating activities:    
Depreciation and amortization 717 139
Stock-based compensation 2,931 1,275
Change in fair value of warrant liabilities (10,909) 0
Deferred tax benefit (108) 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (873) (375)
Accounts receivable (1,783) (453)
Other non-current assets (12) (3)
Operating lease assets/liabilities 4 (32)
Accounts payable and accrued expenses 1,923 1,363
Deferred revenue 1,322 445
Net cash used in operating activities (6,016) (2)
Cash Flows From Investing Activities:    
Purchase of property and equipment (224) (33)
Proceeds from sales of short-term investments 17,209 0
Net cash provided by (used in) investing activities 4,628 (536)
Cash Flows From Financing Activities:    
Proceeds from the exercise of stock options 161 2
Taxes paid related to net share settlement of equity awards (3,121) 0
Deferred recapitalization costs related to the merger 0 (1,403)
Net cash used in financing activities (2,960) (1,401)
Effect of foreign exchange rate changes on cash balances (9) 0
Net decrease in cash and cash equivalents and restricted cash (4,357) (1,939)
Cash and cash equivalents and restricted cash - beginning 7,582 12,276
Cash and cash equivalents and restricted cash - ending 3,225 10,337
Reconciliation to the unaudited interim condensed consolidated balance sheets    
Cash and cash equivalents 2,595 10,216
Restricted cash 630 121
Total 3,225 10,337
Non-cash investing and financing activities    
Adoption of new leases under ASC 842 entered into during the period 208 0
Domain name    
Cash Flows From Investing Activities:    
Payments to acquire intangible assets 0 (503)
Helijet rights    
Cash Flows From Investing Activities:    
Payments to acquire intangible assets $ (12,357) $ 0