v3.22.4
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (153,976,295) $ (9,959,944)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of capitalized software 0 65,835
Long-term incentive plan expense (190,518) 111,731
Stock-based compensation 2,589,688 0
Warrants expenses 100,368,821 0
Interest on financial investments (1,992,194) 0
Changes in operating assets and liabilities:    
Other assets 3,291,352 (2,983,021)
Related party receivables 205,159 0
Accounts payable 2,803,599 (586,231)
Related party payables 4,641,968 4,971,910
Other payables 3,538,438 921,084
Net cash used in operating activities (38,719,982) (7,458,636)
Cash flows from investing activities:    
Purchases of investment securities (169,000,000) 0
Related party loan (81,000,000) 0
Property, plant & equipment (418,721) 0
Net cash provided by investing activities (250,418,721) 0
Cash flows from financing activities:    
Transfer from Parent 0 7,104,583
Gross capital contribution 369,830,250 15,000,000
Transaction Costs reimbursed to Parent (15,754,066) 0
Deemed distribution (1,372,633) 0
Net cash provided by financing activities 352,703,551 22,104,583
Increase (decrease) in cash and cash equivalents 63,564,848 14,645,947
Cash and cash equivalents at the beginning of the period 14,376,523 0
Cash and cash equivalents at the end of the period 77,941,371 14,645,947
Supplemental disclosure of other noncash investing and income taxes paid    
Additions to capitalized software transferred by Parent 0 2,790,336
Income tax paid $ (489,590) $ 0

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