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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 121,853,000 $ 862,000
Grants receivable 131,000 326,000
Inventory 214,000 0
Receivable on sale of state tax attributes 0 4,060,000
Vendor deposits 2,390,000 252,000
Prepaid and other current assets 2,779,000 484,000
Total current assets 127,367,000 5,984,000
Property and equipment, net 5,653,000 5,316,000
Intangible assets, net 320,000 360,000
Investment in joint venture 3,736,000 589,000
Security deposit 825,000 808,000
Other assets 363,000 0
Total assets 138,264,000 13,057,000
Current liabilities    
Accounts payable and accrued expenses 8,861,000 6,987,000
Accounts payable and accrued expenses - related parties 2,517,000 1,194,000
Provision for firm purchase commitments 1,585,000 0
Capital lease, current portion 11,000 13,000
Embedded derivative liability 0 1,681,000
Long term debt, current portion 1,071,000 76,559,000
Contract liabilities, current portion 77,000 300,000
Total current liabilities 14,122,000 86,734,000
Long term liabilities    
Deferred rent 762,000 663,000
Capital lease 4,000 17,000
Long-term debt 280,000 0
Total long term liabilities 1,046,000 680,000
Total liabilities 15,168,000 87,414,000
COMMITMENTS AND CONTINGENCIES 0 0
CONTINGENTLY REDEEMABLE PREFERRED UNITS 0 109,365,000
SHAREHOLDERS' EQUITY    
Common Stock, $0.0001 par value, 200,000,000 shares authorized, 48,943,082 and 3,930,336 shares outstanding at December 31, 2020 and 2019, respectively [1] 5,000 0
Contingently Issuable Common Stock [1] 17,944,000 0
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, no shares outstanding at December 31, 2020 and 2019 [1] 0 0
Additional paid in capital [1] 395,913,000 20,346,000
Accumulated deficit [1] (290,766,000) (204,068,000)
Total shareholders' equity (deficit) [1] 123,096,000 (183,722,000)
Total liabilities, contingently redeemable preferred units, and shareholders’ equity (deficit) $ 138,264,000 $ 13,057,000
[1] See Note 1 for discussion of reverse capitalization given effect herein