XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 84,809 $ 75,029
Restricted cash 4,049 4,336
Marketable securities – at fair value 28,125 116,589
Accounts receivable, net 4,786 8,206
Inventories 13,062 40,985
Other current assets 4,349 4,705
Operating and finance lease assets, property, and equipment held for sale 20,860 0
Total Current Assets 160,040 249,850
Marketable securities – at fair value 760 1,941
Property and equipment, net 7,118 22,628
Capitalized website and internal-use software costs, net 12,725 13,716
Operating lease assets 22,092  
Finance lease assets 4,459  
Lease vehicles, net 2,869 1,596
Other assets 474 558
Total Assets 210,537 290,289
Current Liabilities:    
Current portion of finance lease liabilities 116 509
Floor plan notes payable 5,433 27,815
Accounts payable 2,236 6,352
Accrued expenses 11,215 14,428
Current portion of operating lease liabilities 4,600  
Other current liabilities 593 754
Operating and finance lease liabilities associated with assets held for sale 22,294 0
Total Current Liabilities 46,487 49,858
Finance lease liabilities, less current portion 6,083 12,206
Operating leases, less current portion 22,384  
Earnout shares liability 722 7,679
Other liabilities 417 744
Total Liabilities 76,768 76,778
Commitments and Contingencies (Note 15) 0 0
Stockholders’ Equity (Deficit):    
Common stock, $0.0001 par value; 500,000,000 authorized shares, 114,879,689 and 113,996,401 shares issued and outstanding at September 30, 2022 and December 31, 2021 11 11
Additional paid-in capital 291,827 287,509
Accumulated deficit (157,956) (73,916)
Accumulated other comprehensive loss (113) (93)
Total Stockholders’ Equity (Deficit) 133,769 213,511
Total Liabilities and Stockholders’ Equity (Deficit) 210,537 290,289
Merger warrants liability    
Current Liabilities:    
Merger warrants liability $ 675 $ 6,291