"After the asset sale to Qoo10 closed on April 19th, ContextLogic had approximately $2.7 billion of NOL carryforwards and approximately $161 million in cash, cash equivalents and marketable securities, which consist of government securities. Combined, this represents the net proceeds from the sale. We have no debt.<p>We have gone from nearly 500 employees worldwide at December 31st to 12 full-time and part-time employees, including some temporary or contract employees. We are no longer liable for any of our old leases, including our former corporate headquarters in San Francisco."