|
FY2022
12 months to Dec 31, 2022
|
FY2021
12 months to Dec 31, 2021
|
|
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | ||
| Interest earned on investments held in Trust Account | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Warrant issue costs | ||
| Unrealized gain on change in fair value of warrants | ||
| Increase in prepaid expenses and other | ||
| Bad debt expense | ||
| Additions to content asset | ||
| Depreciation & amortization expense | ||
| Amortization of operating lease right of use assets | ||
| Content asset impairments | ||
| Stock-based compensation expense | ||
| Change in fair value of warrant liabilities | ||
| Non-cash interest expense | ||
| Loss on debt extinguishment | ||
| Other | ||
| Change in operating assets and liabilities: | ||
| Accounts receivable | ||
| Inventory | ||
| Prepaid expenses and other assets | ||
| Contract assets | ||
| Accounts payable and accrued expenses | ||
| Increase in due to related party | ||
| Contract liabilities | ||
| Other current liabilities | ||
| Operating lease liabilities | ||
| NET CASH USED IN OPERATING ACTIVITIES | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds deposited in Trust Account | ||
| Purchase of property, plant and equipment | ||
| Purchase of intangible assets | ||
| Issuance of note receivable | ||
| NET CASH USED IN INVESTING ACTIVITIES | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from note payable - related party | ||
| Repayment of note payable - related party | ||
| Proceeds from issuance of Class A common stock | ||
| Proceeds from issuance of private placement units | ||
| Payment of underwriting discounts | ||
| Payments of loan principal | ||
| Proceeds from issuance of loans payable | ||
| Proceeds from issuance of convertible debt | ||
| Issuance of common stock in connection with exercise of stock options | ||
| Payments of transaction fees by Legacy FaZe | ||
| Proceeds from recapitalization of B. Riley 150, net of B. Riley 150 redemptions and transaction costs | ||
| Proceeds from PIPE offering | ||
| Proceeds from exercise of preferred and common warrants | ||
| Short-term debt | ||
| Payment of debt issuance costs | ||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | ||
| NET CHANGE IN CASH AND RESTRICTED CASH | ||
| Cash and restricted cash at beginning of period | ||
| CASH AND RESTRICTED CASH AT END OF PERIOD | ||
| SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES: | ||
| Cash paid for interest | ||
| SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Initial value of Class A ordinary shares subject to possible redemption | ||
| Initial classification of warrant liability | ||
| Issuance of common stock in connection with litigation settlement | ||
| Capitalization of deferred transaction costs included in accounts payable | ||
| Purchase of property, plant and equipment in accrued expenses | ||
| Conversion of convertible notes and accrued interest into common stock under original contractual terms | ||
| Conversion of redeemable convertible preferred stock to common stock pursuant to Business Combination | ||
| Issuance of earnout shares | ||
| RECONCILIATION TO CONSOLIDATED BALANCE SHEETS | ||
| Cash | ||
| Restricted cash |
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