General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 5 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2019
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:          
Net income (loss) $ (378,919) $ (11,284,061) $ (9,894) $ (1,531,192)  
Change in operating assets and liabilities:          
Prepaid expenses and other assets (129,666) 507 (5,282) 64,365  
Net cash used in operating activities (231,770) (383,414) (329,901) (587,232)  
Cash flows from investing activities:          
Net cash used in investing activities (138,000,000)        
Cash flows from financing activities:          
Gross proceeds 135,240,000        
Net cash provided by financing activities 138,943,832     500,000  
Net Change in Cash 712,062 (383,414) (329,901) (87,232)  
SHAPEWAYS, INC          
Cash flows from operating activities:          
Net income (loss)   1,573,000 (2,470,000) (3,168,000) $ (6,973,000)
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization   278,000 247,000 473,000 1,458,000
Loss on disposal of asset       4,000 11,000
Stock-based compensation expense   345,000 361,000 721,000 740,000
Non-cash lease expense   551,000 1,104,000 2,056,000  
Change in operating assets and liabilities:          
Accounts receivable   (828,000) (670,000) (40,000) 69,000
Inventory   223,000   (310,000) 46,000
Prepaid expenses and other assets   (419,000) 336,000 (5,000) (1,533,000)
Interest on promissory note due from related party       49,000  
Security deposits       259,000 (141,000)
Accounts payable   (356,000) (631,000) (379,000) 63,000
Accrued expenses and other liabilities   (103,000) 361,000 814,000 (187,000)
Lease liabilities   (597,000) (1,162,000) (2,129,000)  
Deferred revenue   (131,000) 334,000 345,000 (352,000)
Deferred rent     (283,000) (283,000) (98,000)
Net cash used in operating activities   (1,464,000) (2,473,000) (1,593,000) (6,901,000)
Cash flows from investing activities:          
Proceeds from sales of property and equipment         25,000
Purchases of property and equipment   (143,000) (6,000) (104,000) (181,000)
Net cash used in investing activities   (143,000) (6,000) (104,000) (156,000)
Cash flows from financing activities:          
Principal payments on capital leases     (18,000) (18,000) (675,000)
Gross proceeds   71,000 47,000 86,000 33,000
Repayments of loans payable   (958,000) (572,000) (1,318,000) (314,000)
Proceeds from loans payable     1,982,000 1,982,000 5,001,000
Net cash provided by financing activities   (827,000) 1,439,000 732,000 4,045,000
Net Change in Cash   (2,434,000) (1,040,000) (965,000) (3,012,000)
Effect of change in foreign currency exchange rates on cash and cash equivalents and restricted cash   120,000 (130,000) 69,000 (45,000)
Cash and cash equivalents and restricted cash at beginning of period   8,709,000 9,605,000 9,605,000 12,662,000
Cash and cash equivalents and restricted cash at end of period $ 9,605,000 6,395,000 8,435,000 8,709,000 9,605,000
Supplemental disclosure of cash and non-cash transactions:          
Cash paid for interest   $ 63,000 $ 102,000 $ 182,000 $ 314,000