Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (37,622) $ (31,035)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 8,751 6,830
Provision for losses on accounts receivable 227 195
Amortization of contract acquisition costs 6,846 4,892
Equity-based compensation 11,047 10,081
Changes in operating assets and liabilities:    
Accounts receivable (2,263) (1,833)
Contract acquisition costs (10,041) (7,055)
Prepaid expenses and other assets (1,466) (1,053)
Accounts payable (335) (65)
Accrued liabilities 5,832 (930)
Deferred revenue 5,567 5,008
Deferred rent 3,140 (108)
Net cash used in operating activities (10,317) (15,073)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (5,730) (1,138)
Capitalized internal-use software costs (1,929) (1,027)
Net cash used in investing activities (7,659) (2,165)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from advance on line of credit 5,995 0
Paid deferred offering costs (745) 0
Principal payments on capital lease obligations (5,821) (4,224)
Proceeds from stock option exercises 3,240 732
Net cash provided by (used in) financing activities 2,669 (3,492)
NET DECREASE IN CASH AND CASH EQUIVALENTS (15,307) (20,730)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 55,698 80,225
CASH AND CASH EQUIVALENTS, END OF PERIOD 40,391 59,495
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 876 792
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Equipment purchases financed with accounts payable 334 15
Equipment purchases financed with capital leases 7,433 7,433
Accrued unpaid deferred offering costs $ 1,075 $ 0