In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| 10-K | S-1/A | S-1/A |
Operating Activities | | | |
Net income (loss) | | 29.2 | 21.3 |
|
Adjustments to reconcile net loss to net cash from (used in) operating activities: | | | |
Depreciation and amortization | | 1.1 | 0.8 |
Bad debt expense | | 0.8 | 0.3 |
(Gain) loss from change in fair value of warrant liability | -18.8 | | |
Changes in operating assets and liabilities: | | | |
Accounts receivable | | -1.5 | -0.7 |
Inventory | | -0.9 | 1.3 |
Other current assets | | -0.7 | -0.6 |
Accounts payable | 0.3 | -0.9 | 1.2 |
Deferred revenue | | -0.9 | 0.2 |
Accrued expenses | 1.8 | -0.5 | 1.2 |
Net cash provided by (used in) operating activities | -1.4 | 26.4 | 25.4 |
|
Investing Activities | | | |
Net cash used in investing activities | -317.5 | -1.4 | -1.7 |
|
Financing Activities | | | |
|
Extinguishment of Bank of America term loan | | | |
Capitalized transaction costs | -0.4 | | |
Net cash provided by (used in) financing activities | 319.0 | -18.3 | -13.6 |
|
Supplemental Disclosure of Cash Flow Information | | | |
Cash paid for interest | | 2.5 | 1.6 |
|
Non-cash investing and financing activities | | | |