Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Cash flows from operating activities    
Net loss $ (242,647) $ (55,373)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 1,092 1,162
Loss (Gain) on sale of fixed assets (6) 219
Bad debt expense 0 33
Employee stock based compensation 156,596 (6)
Non-cash interest expense 1,155 0
Change in fair value of warrants liabilities 11,265 0
Non-cash interest on amounts due from stockholder (8) 0
Changes in operating assets and liabilities:    
Accounts receivable (3,194) (3,356)
Deferred costs (1,718) (1,038)
Inventories (2,401) (217)
Prepaid expenses (1,614) (538)
Other current assets (2,407) (72)
Deposits and other assets (196) (104)
Prepaid warranty (144) (424)
Accounts payable 398 1,628
Accrued expenses 971 751
Income tax payable 454 76
Other short-term liabilities 689 0
Deferred rent (134) (158)
Deferred revenue (477) 13,711
Warrants 20 0
Net cash used in operating activities (83,684) (42,650)
Cash Flows from Investing Activities:    
Purchases of property and equipment (3,880) (952)
Proceeds from the sale of fixed assets 8 61
Proceeds from the maturity of investments 0 1,003
Net cash (used in) provided by investing activities (3,872) 112
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock 694 57,593
Proceed from borrowing SVB Bridge loan 15,000 0
Proceeds from borrowing of PPP loan 0 5,580
Payment of loan - SVB bridge 15,000 0
Payment of PPP loan 5,580 0
Merger recapitalization 4,213 0
Proceeds from PIPE shares 125,000 0
Payment of transaction costs (21,179) 0
Proceeds from stock subscriptions 293 81
Net cash provided by financing activities 103,441 63,254
Effect of exchange rate changes on cash and cash equivalents 245 21
Net change in cash and cash equivalents 16,130 20,737
Cash and Cash Equivalents    
Beginning of the period 31,543 10,806
End of the period 47,673 31,543
Supplemental disclosures of non-cash investing and financing activities    
Interest earned on subscription notes receivable 8 16
Unpaid purchases of property and equipment (28) 0
Non-cash settlement of related party loan receivable for common shares (1,075) 0
Initial classification of warrant liabilities 10,234 0
Cashless exercise of warrants classified as liabilities $ (10,214) $ 0