v3.22.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (21,282,359) $ (4,631,746)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of capitalized software 0 54,063
Long-term incentive plan expense (252,729) 96,693
Carve-out expenses (noncash, contributed from Parent) 952,432 0
Stock Based Compensation 1,028,369 0
Private warrants - change in FV (4,132,500) 0
Interest on Financial Investments (noncash) (464,652) 0
Changes in operating assets and liabilities:    
Other assets (153,512) (11,674)
Related party receivable 216,083 0
Accounts payable 730,186 (680,694)
Related party payable 9,560,773 0
Other payables 614,107 117,550
Net cash used in operating activities (13,183,802) (5,055,808)
Cash flows from investing activities:    
Purchases of investing securities (154,000,000) 0
Net cash provided by investing activities: (154,000,000) 0
Cash flows from financing activities:    
Transfer from parent 0 5,055,808
Gross capital contribution 377,009,090 0
Transaction costs (47,885,258) 0
Net cash provided by financing activities 329,123,832 5,055,808
Increase (decrease) in cash and cash equivalents 161,940,030 0
Cash and cash equivalents at the beginning of the period 14,376,523 0
Cash and cash equivalents at the end of the period 176,316,554 0
Supplemental disclosure of other noncash investing and financing activities    
Additions to capitalized software transferred by Parent $ 0 $ 232,496

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