| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net loss | ||||||||
-10,021 | -7,077 | -2,827 | -1,595 | -5,160 | -5,365 | -7,346 | -412 | -6,784 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Provision for transaction losses | ||||||||
767 | 1,040 | 1,040 | 623 | 415 | 498 | 1,892 | 1,450 | 1,270 |
Depreciation and amortization | ||||||||
2,308 | 2,163 | 1,671 | 1,295 | 1,532 | 1,407 | 1,287 | 1,191 | 1,064 |
Amortization of debt issuance costs | ||||||||
13 | 13 | 13 | 13 | 13 | 13 | 13 | 12 | 39 |
Amortization of discount on purchases of marketable securities | ||||||||
174 | 210 | 283 | 382 | 283 | 0 | 0 | 0 | 0 |
Amortization of operating lease asset | ||||||||
969 | - | - | - | 1,072 | - | - | - | - |
Tides Foundation common stock warrant expense | ||||||||
- | - | - | - | - | -3,410 | 3,251 | 59 | 300 |
Tides Foundation common stock warrant expense | ||||||||
188 | - | 23 | 125 | 252 | - | 0 | 0 | 0 |
Stock-based compensation expense | ||||||||
5,537 | 7,940 | 3,932 | 2,631 | 4,295 | 4,694 | 1,986 | 1,793 | 1,888 |
Loss on disposal of fixed assets | ||||||||
- | - | - | - | - | -58 | 0 | -4 | -29 |
Changes in operating assets and liabilities: | ||||||||
Trade and client receivables | ||||||||
5,891 | -967 | -18,403 | 4,139 | 26,149 | -18,643 | 6,517 | 960 | 7,660 |
Prepaid expenses and other assets | ||||||||
464 | 630 | 738 | -185 | 886 | 634 | 86 | -539 | 1,111 |
Operating lease liability | ||||||||
-459 | - | - | - | -378 | - | - | - | - |
Accounts payable | ||||||||
994 | -2,154 | 1,286 | 7 | -596 | -3,397 | 4,745 | 210 | 51 |
Accrued expenses and other liabilities | ||||||||
3,881 | -8,771 | 6,244 | 3,695 | -4,125 | 3,339 | -17,823 | 1,528 | 15,805 |
Deferred revenue | ||||||||
-650 | -2,998 | -1,024 | 195 | -603 | -6 | -5 | -7 | -91 |
Net cash used in operating activities | ||||||||
-1,702 | -943 | 29,827 | 1,569 | -29,395 | 21,934 | -18,593 | 5,403 | 5,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchases of marketable securities | ||||||||
26,789 | 36,836 | 45,383 | 14,854 | 71,713 | 0 | 0 | 0 | 0 |
Proceeds from maturities of marketable securities | ||||||||
33,000 | 12,000 | 47,700 | 24,800 | 0 | - | - | - | - |
Increase in restricted cash | ||||||||
- | - | - | - | - | - | -6 | -1 | 101 |
Purchases of property and equipment | ||||||||
1,288 | 522 | 2,795 | 3,831 | 3,604 | 1,404 | 301 | 835 | 462 |
Internal-use software and platform development costs | ||||||||
1,999 | 1,832 | 1,872 | 972 | 1,210 | 1,169 | 725 | 1,319 | 626 |
Net cash provided by (used in) investing activities | ||||||||
2,924 | -27,190 | -2,500 | 5,293 | -76,527 | -2,479 | -1,020 | -2,153 | -1,189 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Changes in funds held in escrow, including funds in transit | ||||||||
- | - | - | - | - | - | 25,977 | -40 | -5,654 |
Changes in escrow funds payable | ||||||||
14,834 | -5,872 | -3,709 | -1,783 | 21,899 | -9,292 | 25,977 | -40 | -5,654 |
Proceeds from exercises of stock options | ||||||||
3,165 | 4,181 | 3,634 | 9,576 | 764 | 1,149 | 2,740 | 3,053 | 1,218 |
Proceeds from borrowings on debt | ||||||||
15,000 | - | 0 | 25,000 | 25,000 | - | 15,000 | 0 | 0 |
Repayment of debt | ||||||||
1,893 | 1,893 | 26,893 | 26,893 | 0 | - | - | - | - |
Payments of costs related to the initial public offering | ||||||||
- | - | - | - | - | 2,221 | 2,403 | 1,433 | 163 |
Net cash provided by financing activities | ||||||||
31,106 | 15,637 | -23,259 | -10,639 | 47,663 | 94,053 | 15,337 | 1,620 | 1,055 |
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | ||||||||
32,328 | -12,496 | 4,068 | -3,777 | -58,259 | 113,508 | -4,276 | 4,870 | 4,866 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||||
Cash paid for interest | ||||||||
239 | 264 | 313 | 357 | 357 | 403 | 520 | 542 | 511 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITIES: | ||||||||
Property and equipment purchased but not yet paid | ||||||||
2,435 | -744 | -2,235 | 1,950 | 1,190 | 2,649 | -189 | -794 | 1,149 |
Unpaid deferred offering costs | ||||||||
- | - | - | - | - | -1,583 | 78 | 448 | 1,057 |