Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 4,125 $ (2,920)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 424 362
Loss on disposal of assets 0 4
Stock-based compensation expense 783 544
Non-cash lease expense 696 1,586
Non-cash debt forgiveness (2,000) 0
Change in fair value of warrant liabilities (5,088) 0
Change in operating assets and liabilities:    
Accounts receivable (924) (763)
Inventory 173 (102)
Prepaid expenses and other assets 83 337
Interest on promissory note due from related party 0 50
Accounts payable (512) (775)
Accrued expenses and other liabilities 853 713
Lease liabilities (762) (1,674)
Deferred revenue (101) 67
Deferred rent 0 (283)
Net cash used in operating activities (2,250) (2,854)
Cash flows from investing activities:    
Purchases of property and equipment (125) (23)
Net cash used in investing activities (125) (23)
Cash flows from financing activities:    
Principal payments on capital leases 0 (18)
Proceeds from issuance of common stock 552 68
Proceeds received from exercise of preferred stock warrants 60 0
Effect of Merger, net of transaction costs 86,792  
Repayments of loans payable (3,459) (851)
Proceeds from loans payable 0 1,983
Net cash provided by financing activities 83,945 1,182
Net change in cash and cash equivalents and restricted cash 81,570 (1,695)
Effect of change in foreign currency exchange rates on cash and cash equivalents and restricted cash (28) 8
Cash and cash equivalents and restricted cash at beginning of period 8,709 9,605
Cash and cash equivalents and restricted cash at end of period 90,251 7,918
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 88 145
Accrued acquisition of property and equipment 441 0
Issuance of Legacy Shapeways common stock upon conversion of convertible notes 5,913 0
Repurchase of Legacy Shapeways common stock $ (152) $ 0