v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss (including amounts attributable to non-controlling interest) $ (18,749) $ (7,714)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,403 544
Equity-based compensation expense 874 529
Change in provision for doubtful accounts 227 101
Gain related to indemnification asset (1,798) (621)
Unrealized loss on equity investments 302 0
Other (183) 5
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Decrease (increase) in accounts receivable (5,440) 713
Decrease (increase) in inventories (1,545) 1,462
Decrease (increase) in vendor deposits 5,990 433
Decrease (increase) in other current assets (3,624) 1,147
(Decrease) increase in accounts payable 5,859 (10,450)
(Decrease) Increase in accrued expenses and other liabilities 4,748 (1,943)
(Decrease) increase in customer deposits (1,087) 537
Net cash used in operating activities (12,023) (15,257)
Cash flows from investing activities:    
Purchase consideration paid for acquisitions, net of cash acquired 0 (2,403)
Purchases of property and equipment, net (784) (419)
Proceeds from sale of assets held for sale 75 0
Net cash used in investing activities (709) (2,822)
Cash flows from financing activities:    
Proceeds from issuance of Class A common stock, net of costs - ATM Program 6,801 0
Payments on notes payable (992) (47)
Other (135) (57)
Net cash provided by (used in) financing activities 5,674 (104)
Effects of exchange rate changes on cash 145 57
Net (decrease) in cash (6,913) (18,126)
Cash, as of beginning of the period 12,857 30,435
Cash, as of end of the period 5,944 12,309
Supplemental disclosures of cash flow information    
Cash paid for amounts included in the measurement of lease liabilities 802 373
Lease liabilities arising from obtaining finance lease assets 0 119
Lease liabilities arising from obtaining operating lease right-of-use assets, net of the effect of acquisitions 0 793
Non-cash investing and financing activities:    
Issuance of Class A common stock for business acquisitions 3,486 1,218
Non-cash purchases of property and equipment 1,663 287
Issuance of promissory note for business acquisition 0 2,503
Decrease in non-controlling interest as a result of exchanges for Class A common stock $ (543) $ (5,797)

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