General form of registration statement for all companies including face-amount certificate companies

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.21.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 4 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:            
Net loss $ 4,092,424          
Adjustments to reconcile net loss to net cash used in operating activities:            
Share-based compensation   $ 1,489,000 $ 987,000 $ 2,643,000 $ 1,879,000 $ 871,000
Changes in operating assets and liabilities:            
Decrease in prepaid expenses and other current assets (315,219) 32,156        
(Decrease) in accounts payable 96,248 1,494,975        
Net cash used in operating activities (434,130) (1,115,829)   20,400,000    
Cash flows from investing activities:            
Net cash used in investing activities (116,150,000) (0)        
Cash flows from financing activities:            
Net cash provided by financing activities 117,768,345          
Cash, cash equivalents and restricted cash, beginning of year   18,618 3,013 3,013 7,003  
Cash, cash equivalents and restricted cash, end of year 18,618     18,618 3,013 7,003
Supplemental disclosure of non-cash financing activities:            
Conversion of debt to preferred stock      
Airspan [Member]            
Cash flows from operating activities:            
Net loss   (23,967,000) (24,068,000)      
Adjustments to reconcile net loss to net cash used in operating activities:            
Depreciation and amortization   2,129,000 2,346,000      
Foreign exchange gain on long-term debt   (1,000) (12,000)      
Bad debt expense   138,000      
Gain on extinguishment of debt   (2,096,000)      
Share-based compensation   1,489,000 987,000      
Total adjustments   1,659,000 3,321,000 7,317,000 6,412,000 4,602,000
Changes in operating assets and liabilities:            
Decrease in accounts receivable   30,812,000 3,016,000 (31,345,000) (11,632,000) 748,000
(Increase) decrease in inventory   (1,029,000) 2,886,000 5,123,000 7,891,000 2,851,000
Decrease in prepaid expenses and other current assets   (1,460,000) 977,000 483,000 16,991,000 5,329,000
Decrease (increase) in other operating assets   56,000 (15,000) (380,000) (261,000) 377,000
(Decrease) in accounts payable   (18,959,000) (5,566,000) 12,012,000 (3,111,000) 895,000
(Decrease) increase in deferred revenue   (2,792,000) 391,000 (2,514,000) 5,253,000 (29,117,000)
Increase (decrease) in other accrued expenses   3,713,000 (368,000) 5,104,000 894,000 (1,289,000)
Increase in other long-term liabilities   4,270,000 1,797,000 5,889,000 (1,392,000) 1,759,000
Increase in accrued interest on long-term debt   3,881,000 1,800,000 3,587,000 2,706,000 450,000
Net cash used in operating activities   (3,816,000) (15,829,000) (20,367,000) (28,230,000) (48,687,000)
Cash flows from investing activities:            
Purchase of property, plant and equipment   (3,123,000) (404,000) (2,226,000) (2,673,000) (1,912,000)
Net cash used in investing activities   (3,123,000) (404,000) (2,226,000) (2,673,000) (2,753,000)
Cash flows from financing activities:            
Borrowings under line of credit, net   1,790,000 (1,993,000) (3,867,000) 9,310,000
Borrowings under other long-term debt   2,073,000 2,073,000 0 0
Proceeds from the exercise of stock options   69,000      
Proceeds from the sale of Series G stock, net   11,913,000 21,913,000 0 0
Proceeds from the sale of Series H stock, net   505,000 8,074,000 0 0
Proceeds from the issuance of Series H warrants   142,000 2,126,000 0 0
Net cash provided by financing activities   716,000 15,776,000 38,198,000 26,913,000 43,774,000
Net decrease in cash, cash equivalents and restricted cash   (6,223,000) (457,000) 15,605,000 (3,990,000) (7,666,000)
Cash, cash equivalents and restricted cash, beginning of year   18,618,000 3,013,000 3,013,000 7,003,000 14,669,000
Cash, cash equivalents and restricted cash, end of year $ 18,618,000 12,395,000 2,556,000 18,618,000 3,013,000 7,003,000
Supplemental disclosures of cash flow information            
Cash paid for interest   4,938,000 3,144,000 6,363,000 5,761,000 2,902,000
Cash paid for income taxes   976,000 448,000 241,000 446,000 127,000
Supplemental disclosure of non-cash financing activities:            
Issuance of preferred stock upon conversion of debt   23,571,000 23,571,000 $ 0 $ 0
Conversion of debt to preferred stock   $ (23,571,000) $ (23,571,000)