| 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 | ||||||||
-21,520 | -16,659 | -14,947 | -19,466 | -18,283 | -19,907 | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Provision for transaction losses | ||||||||
3,470 | 3,118 | 2,576 | 3,428 | 4,255 | 5,110 | 0 | 0 | 0 |
Depreciation and amortization | ||||||||
7,437 | 6,661 | 5,905 | 5,521 | 5,417 | 4,949 | 0 | 0 | 0 |
Amortization of debt issuance costs | ||||||||
52 | 52 | 52 | 52 | 51 | 77 | 0 | 0 | 0 |
Amortization of discount on purchases of marketable securities | ||||||||
1,049 | 1,158 | 948 | 665 | 283 | 0 | 0 | 0 | 0 |
Amortization of operating lease asset | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Tides Foundation common stock warrant expense | ||||||||
- | - | - | - | - | 200 | 0 | 0 | 0 |
Tides Foundation common stock warrant expense | ||||||||
0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Stock-based compensation expense | ||||||||
20,040 | 18,798 | 15,552 | 13,606 | 12,768 | 10,361 | 0 | 0 | 0 |
Loss on disposal of fixed assets | ||||||||
- | - | - | - | - | -91 | 0 | 0 | 0 |
Changes in operating assets and liabilities: | ||||||||
Trade and client receivables | ||||||||
-9,340 | 10,918 | -6,758 | 18,162 | 14,983 | -3,506 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||
1,647 | 2,069 | 2,073 | 1,421 | 1,067 | 1,292 | 0 | 0 | 0 |
Operating lease liability | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Accounts payable | ||||||||
133 | -1,457 | -2,700 | 759 | 962 | 1,609 | 0 | 0 | 0 |
Accrued expenses and other liabilities | ||||||||
5,049 | -2,957 | 9,153 | -14,914 | -17,081 | 2,849 | 0 | 0 | 0 |
Deferred revenue | ||||||||
-4,477 | -4,430 | -1,438 | -419 | -621 | -109 | 0 | 0 | 0 |
Net cash used in operating activities | ||||||||
28,751 | 1,058 | 23,935 | -24,485 | -20,651 | 13,744 | 0 | 0 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchases of marketable securities | ||||||||
123,862 | 168,786 | 131,950 | 86,567 | 71,713 | 0 | 0 | 0 | 0 |
Proceeds from maturities of marketable securities | ||||||||
117,500 | 84,500 | 0 | 0 | 0 | - | - | - | - |
Increase in restricted cash | ||||||||
- | - | - | - | - | - | 0 | 0 | 0 |
Purchases of property and equipment | ||||||||
8,436 | 10,752 | 11,634 | 9,140 | 6,144 | 3,002 | 0 | 0 | 0 |
Internal-use software and platform development costs | ||||||||
6,675 | 5,886 | 5,223 | 4,076 | 4,423 | 3,839 | 0 | 0 | 0 |
Net cash provided by (used in) investing activities | ||||||||
-21,473 | -100,924 | -76,213 | -74,733 | -82,179 | -6,841 | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Changes in funds held in escrow, including funds in transit | ||||||||
- | - | - | - | - | - | 0 | 0 | 0 |
Changes in escrow funds payable | ||||||||
3,470 | 10,535 | 7,115 | 36,801 | 38,544 | 10,991 | 0 | 0 | 0 |
Proceeds from exercises of stock options | ||||||||
20,556 | 18,155 | 15,123 | 14,229 | 7,706 | 8,160 | 0 | 0 | 0 |
Proceeds from borrowings on debt | ||||||||
0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Repayment of debt | ||||||||
57,572 | 55,679 | 0 | 0 | 0 | - | - | - | - |
Payments of costs related to the initial public offering | ||||||||
- | - | - | - | - | 6,220 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||
12,845 | 29,402 | 107,818 | 146,414 | 158,673 | 112,065 | 0 | 0 | 0 |
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | ||||||||
20,123 | -70,464 | 55,540 | 47,196 | 55,843 | 118,968 | 0 | 0 | 0 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||||
Cash paid for interest | ||||||||
1,173 | 1,291 | 1,430 | 1,637 | 1,822 | 1,976 | 0 | 0 | 0 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITIES: | ||||||||
Property and equipment purchased but not yet paid | ||||||||
1,406 | 161 | 3,554 | 5,600 | 2,856 | 2,815 | 0 | 0 | 0 |
Unpaid deferred offering costs | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 0 |