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 - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (2,280) $ (7,373)
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 978 2,898
Common stock contribution to 401(k) 85 90
Depreciation 2 2
Amortization of debt issuance costs, debt discount and final payment on debt   127
Non-cash lease expense 42 39
Change in fair value of equity securities 227 672
Changes in assets and liabilities:    
Trade and other receivables, net 184 183
Income tax receivable   1,526
Prepaid expenses and other assets 204 225
Accounts payable and accrued liabilities 45 1,046
Income tax payable (91)  
Operating lease liabilities (48) (44)
Unearned revenue recognized under units-of-revenue method (357) (356)
Other liabilities   51
Net cash used in operating activities (1,009) (914)
Cash flows from investing activities:    
Payment of contingent consideration under RPAs and CPPAs (5,000) (13,500)
Net cash used in investing activities (5,000) (13,500)
Cash flows from financing activities:    
Proceeds from exercise of options 1,606 508
Taxes paid related to net share settlement of equity awards (973) (119)
Payment of preferred stock dividends (1,368)  
Principal payments - debt   (2,125)
Payment of preferred and common stock issuance costs   (264)
Net cash used in financing activities (735) (2,000)
Net decrease in cash and cash equivalents (6,744) (16,414)
Cash and restricted cash at the beginning of the period 95,377 86,364
Cash, cash equivalents and restricted cash at the end of the period 88,633 69,950
Supplemental Cash Flow Information:    
Cash paid for taxes 95  
Cash paid for interest   120
Non-cash investing and financing activities:    
Preferred stock dividend accrual $ 1,368 707
Accrued cost related to issuance of common stock   87
Accrued cost related to issuance of preferred stock   $ 81