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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net loss $ (68,754) $ (79,483)
Adjustment to reconcile net loss to net cash used in operating activities    
Stock-based compensation 5,081 135
Depreciation and amortization 1,558 2,123
Impairment loss charged 0 1,590
Loss from disposal of property and equipment 31 0
(Income) Loss from equity in unconsolidated joint venture (127) 178
Interest expense of convertible notes recognized 23,706 49,708
Loss on extinguishment of convertible notes 0 6,111
Provision for firm purchase commitment 1,585 0
Change in fair value, embedded derivative (2,092) 716
Change in fair value, Sponsor Earnout Shares 8,083 0
Other 0 (52)
Changes in operating assets and liabilities:    
Receivable on sale of state tax attributes 4,060 (4,060)
Prepaid and other assets (1,607) (462)
Inventory (214) 634
Grants receivable 195 352
Vendor deposits (593) 109
Security deposit (17) (64)
Accounts payable and accrued expenses 1,709 (2,210)
Accounts payable and accrued expenses-related parties 1,323 1,140
Contract liabilities (223) (468)
Deferred rent 99 169
Other assets (362) 0
Net cash used in operating activities (26,559) (23,834)
Cash flows from investing activities    
Investment in joint venture (3,020) (601)
Purchases of property and equipment (3,605) (2,299)
Net cash used in investing activities (6,625) (2,900)
Cash flows from financing activities    
Capital lease payments (15) (72)
Proceeds from issuance of convertible notes payable – related party 9,009 19,346
Proceeds of short term notes payable 191 0
Repayment of short term notes payable (97) (1,000)
Proceeds from Paycheck Protection Program loan 1,257 0
Proceeds attributable to beneficial conversion features of convertible notes payable – related party 0 1,793
Proceeds from capital infusion in reverse recapitalization 142,345 0
Transaction cost for the reverse recapitalization (10,274) 0
Issuance of contingently redeemable preferred units 11,759 2,031
Net cash provided by financing activities 154,175 22,098
Net increase (decrease) in cash and cash equivalents 120,991 (4,636)
Cash and cash equivalents, beginning of year 862 5,498
Cash and cash equivalents, end of year 121,853 862
Non-cash Investing and Financing Activities    
Contribution of inventory to joint venture 0 167
Accrued and unpaid capital expenditures 374 93
Conversion of convertible notes to common stock in connection with merger 108,863 0
Conversion of contingently redeemable preferred stock to common stock in connection with merger 121,125 0
Receivable from disgorgement of short swing profits 432 0
Supplemental disclosures    
Cash paid for interest $ 118 $ 6