Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Accounts receivable, net

Accounts receivable, net consists of the following (in thousands):

	As of September 30,		As of December 31,
	2022		2021
Accounts receivable	$	23,280	$	11,772
Allowance for doubtful accounts	(94)		—
Accounts receivable, net	$	23,186	$	11,772

Inventory

Inventory consists of the following (in thousands):

	As of September 30,		As of December 31,
	2022		2021
Raw materials	$	1,821	$	1,298
Finished goods	13,385		711
Total inventory	$	15,206	$	2,009

Prepaid expenses and other assets

Prepaid expenses and other current assets consist of the following (in thousands):

	As of September 30,		As of December 31,
	2022		2021
Prepaid expenses	$	8,348	$	9,798
Other receivables	2,457		792
Total prepaid expenses and other current assets	$	10,805	$	10,590

Prepaid expenses and other assets, noncurrent consist of the following (in thousands):

	As of September 30,		As of December 31,
	2022		2021
Prepaid expenses	$	1,993	$	3,324
Investment in affiliate	5,474		—
Other assets	136		367
Total prepaid expenses and other assets, noncurrent	$	7,603	$	3,691

Property and equipment, net

Property and equipment, net consists of the following (in thousands):

	As of September 30,		As of December 31,
	2022		2021
Computer equipment	$	671	$	479
Leasehold improvements	1,006		923
Production manufacturing equipment	624		378
Furniture and fixtures	431		422
Total property and equipment, gross	2,732		2,202
Less: accumulated depreciation	(2,207)		(1,622)
Total property and equipment, net	$	525	$	580

Operating lease costs

Operating lease costs were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Operating lease cost (1)	$	602	$	367	$	1,796	$	1,076

(1)    Amounts include short-term leases, which are immaterial.

Maturities of operating lease liabilities

Maturities of the Company’s operating lease liabilities, which do not include short-term leases, as of September 30, 2022 were as follows (in thousands):

	Operating leases
Remainder of 2022	$	548
2023	931
2024	61
Total future minimum lease payments	1,540
Less imputed interest	(38)
Total operating lease liability	$	1,502

Intangibles, net

Intangible assets, net consists of the following (in thousands):

	As of September 30,		As of December 31,
	2022		2021
Intellectual property	$	225	$	225
Licenses	237		237
Trade name	23,380		3,380
Technology	22,685		4,285
Customer relationships	15,290		990
Internal use software	701		—
Total intangible assets, gross	62,518		9,117
Less: accumulated amortization	(7,584)		(1,131)
Total intangible assets, net	$	54,934	$	7,986

The weighted-average remaining useful lives of the Company’s acquired intangible assets are as follows:

	Weighted-Average Remaining Useful Life
	As of September 30,	As of December 31,
	2022	2021
Trade name	9.2 years	9.7 years
Technology	4.2 years	4.5 years
Customer relationships	7.4 years	9.7 years

The detail of intangible assets, net is as follows (in thousands):

	As of September 30, 2022
	Intellectual property		Licenses		Trade name		Technology		Customer relationships		Internal use software		Total
Total intangible assets	$	225	$	237	$	23,380	$	22,685	$	15,290	$	701	$	62,518
Less accumulated amortization	(225)		(237)		(1,839)		(3,839)		(1,424)		(20)		(7,584)
Total intangible assets, net	$	—	$	—	$	21,541	$	18,846	$	13,866	$	681	$	54,934

	As of December 31, 2021
	Intellectual property		Licenses		Trade name		Technology		Customer relationships		Total
Total intangible assets	$	225	$	237	$	3,380	$	4,285	$	990	$	9,117
Less accumulated amortization	(225)		(237)		(113)		(523)		(33)		(1,131)
Total intangible assets, net	$	—	$	—	$	3,267	$	3,762	$	957	$	7,986

Estimated remaining amortization expense for intangible assets

As of September 30, 2022, estimated remaining amortization expense for intangible assets by fiscal year is as follows (in thousands):

	Amount
Remainder of 2022	$	2,236
2023	8,944
2024	8,944
2025	8,864
2026	8,442
Beyond	17,504
Total future amortization expense	$	54,934

Goodwill

Goodwill consists of the following (in thousands):

Balance as of December 31, 2021	$	31,127
Acquisitions	102,493
Balance as of September 30, 2022	$	133,620

Accrued expenses and other liabilities

Accrued expenses and other liabilities consist of the following (in thousands):

	As of September 30,		As of December 31,
	2022		2021
Accrued vendor expenses	$	14,698	$	7,478
Accrued compensation	3,871		1,324
Customer related promotions and discounts	3,413		—
Operating lease liability	1,313		1,574
Other current liabilities	3,863		171
Total accrued expenses and other liabilities	$	27,158	$	10,547

Other non-current liabilities

Other noncurrent liabilities consist of the following (in thousands):

	As of September 30,		As of December 31,
	2022		2021
Deposit liabilities	$	256	$	916
Other noncurrent liabilities	1,053		—
Operating lease liability	189		289
Total other noncurrent liabilities	$	1,498	$	1,205