XML 17 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 57,504 $ 2,208
Restricted cash 214 605
Marketable securities – at fair value 143,460 1,032
Accounts receivable, net 8,833 4,132
Inventories 58,142 11,202
Other current assets 9,201 6,679
Total Current Assets 277,354 25,858
Marketable securities – at fair value 2,432 0
Property and equipment, net 15,516 1,868
Capitalized website and internal-use software costs, net 12,555 0
Lease vehicles, net 877 173
Other assets 4,566 299
Total Assets 313,300 28,198
Current Liabilities:    
Long-term debt, current 397 6,370
Floor plan notes payable 24,284 6,039
Accounts payable 9,824 6,283
Accrued transaction expenses 0 6,052
Accrued expenses 10,902 3,563
Accrued expenses – related party 0 5,082
Other current liabilities 638 256
Total Current Liabilities 46,045 33,645
Long-term debt, less current portion 8,706 2,999
Redeemable convertible preferred stock tranche obligation 0 2,832
Earnout shares liability 17,663 0
Other liabilities 1,061 1,959
Total Liabilities 87,706 41,435
Commitments and Contingencies (Note 15) 0 0
Redeemable Convertible Preferred Stock:    
Series A Preferred Stock, $0.0001 stated value; authorized 10,000,000 shares; after recapitalization there are no preferred shares issued or outstanding at September 30, 2021 and December 31, 2020 0 0
Stockholders’ Equity (Deficit):    
Common stock, $0.0001 par value; 500,000,000 authorized shares, 113,707,013 and 58,621,042 shares issued and outstanding at September 30, 2021 and December 31, 2020 11 6
Additional paid-in capital 285,423 20,779
Accumulated deficit (59,740) (34,037)
Accumulated other comprehensive (loss) income (100) 15
Treasury stock, $0.001 par value; after recapitalization there are no treasury shares issued or outstanding at September 30, 2021 and December 31, 2020 0 0
Total Stockholders’ Equity (Deficit) 225,594 (13,237)
Total Liabilities, Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit) 313,300 28,198
Merger warrants liability    
Current Liabilities:    
Merger warrants liability $ 14,231 $ 0