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Deposits and Other Current Assets
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Deposits and Other Current Assets [Abstract]    
Deposits and Other Current Assets
4.Deposits and Other Current Assets

 

Deposits and other current assets consist of the following:

 

 

Deposits:

  June 30,
2022
   December 31,
2021
 
Deposits for research and development, prototype and production parts, and other  $41,402   $54,990 
Deposits for “Future Work”   6,190    8,380 
Total deposits  $47,592   $63,370 
           
Other current assets:          
Prepaid expenses  $2,881   $11,119 
Other current assets   3,104    2,291 
Total other current assets  $5,985   $13,410 

 

During the three and six months ended June 30, 2022, the Company made deposits for research and development (“R&D”), prototype and production parts, and other with its vendors, which support the Company’s ongoing R&D efforts and operations. The Company expenses deposits as the services are provided and prototype parts are received.

 

Amortization expense related to the Palantir hosting arrangement and other prepaid software subscriptions totaled $2,792 and $0 for the three months ended June 30, 2022 and 2021, and $5,662 and $0 for the six months ended June 30, 2022 and 2021, respectively.

5. Deposits and Other Current Assets

 

Deposits and other current assets consists of the following as of December 31:

 

   2021   2020 
Deposits        
Deposits for research and development, prototype parts and other  $54,990   $6,412 
Deposits for Future Work   8,380    
 
Total deposits  $63,370   $6,412 
           
Other current assets          
Prepaid expenses  $11,119   $762 
Other current assets   2,291    3,364 
Notes receivable   
    40 
Due from affiliate   
    2,034 
Total other current assets  $13,410   $6,200 

 

During the years ended December 31, 2021 and 2020, the Company made deposits for R&D services, prototype parts, and other with its vendors, which support the Company’s ongoing R&D efforts and operations. The Company expenses deposits as the services are provided and prototype parts are received. The deposits also include $8,380 as of December 31, 2021 related to goods and services yet to be received (“Future Work”) from the settlement of interests in the Vendor Trust. No goods and services were received against Future Work as of December 31, 2021 and 2020 (see Note 11, Vendor Payables in Trust).

 

During year ended December 31, 2021, the Company entered into a hosting arrangement with Palantir Technologies Inc. (“Palantir”), which was also a subscriber in the PIPE Financing. Unamortized hosting costs prepaid to Palantir are included in prepaid expenses as of December 31, 2021. Amortization expense related to the Palantir hosting arrangement and other prepaid software subscriptions totaled $4,597 and $745 for the years ended December 31, 2021 and 2020, respectively.