v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net (loss) income $ (13,261) $ 4,125
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 1,032 424
Stock-based compensation expense 1,519 783
Non-cash lease expense 687 696
Non-cash debt forgiveness 0 (2,000)
Change in fair value of earnout liability (1,784) 0
Change in fair value of warrant liabilities (1,558) (5,088)
Change in operating assets and liabilities:    
Accounts receivable 710 (924)
Inventory (152) 173
Prepaid expenses and other assets (1,335) 83
Accounts payable (396) (512)
Accrued expenses and other liabilities 713 853
Lease liabilities (732) (762)
Deferred revenue (458) (101)
Net cash used in operating activities (15,015) (2,250)
Cash flows from investing activities:    
Purchases of property and equipment (9,043) (125)
Cash paid for acquisitions, net of cash acquired (8,861) 0
Net cash used in investing activities (17,904) (125)
Cash flows from financing activities:    
Proceeds from issuance of common stock 289 552
Proceeds received from exercise of preferred stock warrants 0 60
Payments of Merger Related Cost, Financing Activities 0 86,792
Repayments of loans payable 0 (3,459)
Net cash provided by financing activities 289 83,945
Net change in cash and cash equivalents and restricted cash (32,630) 81,570
Effect of change in foreign currency exchange rates on cash and cash equivalents and restricted cash (112) (28)
Cash and cash equivalents and restricted cash at beginning of period 79,819 8,709
Cash and cash equivalents and restricted cash at end of period 47,077 90,251
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 0 88
Accrued acquisition of property and equipment 0 441
Issuance of Legacy Shapeways common stock upon conversion of convertible notes 0 5,913
Repurchase of Legacy Shapeways common stock $ 0 $ (152)

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