STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net loss |
$ (40,335)
|
$ (6,387)
|
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
| Depreciation and amortization |
1,619
|
75
|
|
| Change in fair value of SAFEs |
(10,390)
|
189
|
|
| Loss on write-off of property and equipment |
0
|
36
|
|
| Share-based compensation expense |
646
|
233
|
|
| Deferred income taxes |
(152)
|
152
|
|
| Gain on Loan Forgiveness |
(647)
|
|
|
| Changes in operating assets and liabilities |
|
|
|
| Prepaid expenses and other assets |
(4,613)
|
54
|
|
| Accounts payable |
1,009
|
181
|
|
| Accrued expenses and other liabilities |
1,265
|
71
|
|
| Net cash used in operating activities |
(30,818)
|
(5,774)
|
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Purchase of property and equipment |
(55)
|
(17)
|
|
| Capitalized internal-use software costs |
(1,016)
|
(2,288)
|
|
| Net cash used in investing activities |
(1,071)
|
(2,305)
|
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Proceeds from payroll protection program note |
0
|
640
|
|
| Proceeds from issuance of convertible notes |
0
|
3,650
|
$ 5,000
|
| Proceeds from issuance of SAFE notes |
18,675
|
3,155
|
|
| Proceeds from business combination and PIPE Investment |
59,045
|
0
|
|
| Payment of costs directly attributable to the issuance of common stock in connection with business combination and PIPE investment |
(14,871)
|
0
|
|
| Proceeds from issuance of long-term debt |
10,000
|
0
|
|
| Debt issuance costs |
(518)
|
0
|
|
| Proceeds from exercise of stock options |
1
|
0
|
|
| Net cash provided by financing activities |
72,332
|
7,445
|
|
| Net change in cash and cash equivalents |
40,443
|
(634)
|
|
| Cash and cash equivalents, beginning of period |
123
|
757
|
|
| Cash and cash equivalents, end of period |
40,566
|
123
|
$ 757
|
| Supplemental Cash Flow Information [Abstract] |
|
|
|
| Cash paid for Interest |
85
|
0
|
|
| Supplemental disclosures of noncash investing and financing activities |
|
|
|
| Conversion of convertible notes to SAFE notes |
$ 0
|
$ 8,774
|
|