| Dec'19 | Sep'19 | Dec'18 | Sep'18 | |||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net loss | ||||||
-5,512 | - | -7,100 | - | |||
Net loss | ||||||
- | -1,086 | - | -665 | |||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
2,648 | - | 1,530 | - | |||
Stock-based compensation and preference shares | ||||||
2,070 | - | 7,998 | - | |||
Loss on equity investments | ||||||
- | - | 95 | - | |||
Allowance for doubtful accounts | ||||||
716 | - | 111 | - | |||
Employee benefit obligation | ||||||
315 | - | 139 | - | |||
Non-cash interest expense | ||||||
657 | - | 229 | - | |||
Deferred taxes | ||||||
-14 | - | 72 | - | |||
Interest earned on cash and marketable securities held in Trust Account | ||||||
- | 2,527 | - | 1,593 | |||
Interest receivable on cash and marketable securities held in Trust Account | ||||||
- | 120 | - | 221 | |||
Change in operating assets and liabilities: | ||||||
Trade receivables | ||||||
10,427 | - | 5,075 | - | |||
Other current assets | ||||||
2,039 | - | 184 | - | |||
Other long-term assets | ||||||
-47 | - | -185 | - | |||
Receivable from related party | ||||||
- | 0 | - | 6 | |||
Prepaid expenses | ||||||
- | -98 | - | 110 | |||
Accounts payable | ||||||
15,145 | 1,327 | 6,072 | 64 | |||
Payable to related party | ||||||
- | 123 | - | - | |||
Accrued liabilities | ||||||
- | 367 | - | 772 | |||
Other current liabilities | ||||||
251 | -134 | 23 | 221 | |||
Deferred revenue | ||||||
-64 | - | -182 | - | |||
Long-term liabilities | ||||||
2,660 | - | -122 | - | |||
Net cash used in operating activities | ||||||
6,453 | -1,953 | 3,601 | -1,537 | |||
Cash Flows from Investing Activities: | ||||||
Purchases of marketable securities | ||||||
5,868 | - | 3,873 | - | |||
Sales of marketable securities | ||||||
3,882 | - | 995 | - | |||
Purchase of property and equipment | ||||||
1,413 | - | 248 | - | |||
Sale of property and equipment | ||||||
38 | - | 9 | - | |||
Capitalized software development costs | ||||||
602 | - | 657 | - | |||
Purchase of intangible assets | ||||||
16 | - | 47 | - | |||
Cash, cash equivalents and restricted cash acquired in the reverse merger | ||||||
21,666 | - | - | - | |||
Investment of cash in Trust Account, net | ||||||
- | 2,397 | - | 143,750 | |||
Interest income used to pay taxes | ||||||
- | -1,172 | - | -379 | |||
Cash withdrawn from Trust Account | ||||||
- | 70,180 | - | 379 | |||
Net cash provided by investing activities | ||||||
17,687 | 68,955 | -11,710 | -143,370 | |||
Cash Flows from Financing Activities: | ||||||
Change in line of credit | ||||||
1,973 | - | 1,699 | - | |||
Borrowings on term loans | ||||||
16,670 | - | 5,611 | - | |||
Repayments on term loans | ||||||
4,844 | - | 913 | - | |||
Proceeds from exercise of stock options | ||||||
- | - | 8 | - | |||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | - | - | 141,162 | |||
Proceeds from sale of Private Placement Units | ||||||
- | - | - | 4,982 | |||
Proceeds from the sale of Founder Shares | ||||||
- | - | - | 25 | |||
Redemption of public shares | ||||||
- | 70,180 | - | - | |||
Notes payable to Founders | ||||||
- | 3,050 | - | 50 | |||
Repayment of notes payable to Founders | ||||||
- | - | - | 50 | |||
Payment of deferred offering costs | ||||||
- | - | - | 664 | |||
Net cash provided by financing activities | ||||||
4,702 | -67,129 | 6,405 | 145,505 | |||
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-52 | - | -634 | - | |||
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
28,790 | -127 | -2,338 | 597 | |||
Supplemental disclosures of cash flow information: | ||||||
Cash paid for interest | ||||||
478 | - | 264 | - | |||
Cash paid for income taxes | ||||||
688 | - | 368 | - | |||
Non-cash financing activities: | ||||||
Change in value of common stock subject to possible redemption | ||||||
- | -1,086 | - | -657 | |||
Buc Mobile | ||||||
Acquisition, net of cash acquired | ||||||
- | - | 2,407 | - | |||
Payment of deferred consideration in relation to the acquisition | ||||||
4,000 | - | - | - | |||
Solutions Infini | ||||||
Acquisition, net of cash acquired | ||||||
- | - | 5,482 | - | |||
Payment of deferred consideration in relation to the acquisition | ||||||
5,097 | - | - | - | |||