XML 59 R34.htm IDEA: XBRL DOCUMENT v3.22.4
Notes Payable (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Debt Disclosure [Abstract]    
Schedule of notes payable
    September 30, 2022              
Note Name  

Contractual

Maturity
 Date

  

Contractual

Interest

Rates

    

Unpaid
Principal

Balance

    

Fair Value

Measurement

Adjustments

     Original
issue
discount and
proceeds
allocated to
warrants		    

Net

Carrying

Value

     Interest
Expense
for the
Three
Months
Ended
September 30,
2022		     Interest
Expense
for the
Nine
Months
Ended
September 30,
2022		  
June 2021 Notes(3)   October 31, 2026     0 %   $ 4,012     $ 612     $ (955 )   $ 3,669     $ —     $ —  
Optional Notes(3)   October 31, 2026     15 %     2,687       737       (912 )     2,512       28       2,572  
Bridge Notes(4)   August 14, 2026     10 %     44,500       7,690       (11,421 )     40,769       418       418  
Notes payable – China various other   Due on Demand     0 %     4,902       —       —       4,902       —       —  
Auto loans   October 26, 2026     7 %     106       —       —       106       —       —  
                $ 56,207     $ 9,039     $ (13,288 )   $ 51,958     $ 446     $ 2,990  

 

    Nine months ended September 30, 2022  
Note Name   Contractual
Maturity Date		   Contractual
Interest
Rates		     Net
carrying
value at
12/31/2021		     Fair Value
Measurement
Adjustments		     Payment
Premium		     Cash
Payment		     Conversion
into
Class A
Common
Stock		  
March 1, 2021 Notes (1)    March 1, 2022     14 %   $ 56,695     $ (1,695 )   $ —     $ (55,000 )   $ —  
August 26, 2021 Notes (1)    March 1, 2022     14 %     30,924       (924 )     2,065       (32,065 )     —  
June 2021 Notes (3)    October 31, 2026     0 %     35,071       917       —       —       (35,988 )
Optional Notes (3)    October 31, 2026     15 %     31,934       (704 )     —       —       (31,230 )
PPP Loan (2)    April 17, 2022     1 %     193       —       —       (193 )     —  
                $ 154,817     $ (2,406 )   $ 2,065     $ (87,258 )   $ (67,218 )

 

    December 31, 2021  
Note Name   Contractual
Maturity
Date		   Contractual
Interest
Rates		     Unpaid
Balance		     Fair Value
Measurement
Adjustments		     Original
issue
discount
and
proceeds
allocated to
warrants		     Net
Carrying
Value		  
March 1, 2021 Notes   March 1, 2022     14 %   $ 55,000     $ 7,692     $ (5,997 )   $ 56,695  
August 26, 2021 Notes   March 1, 2022     14 %     30,000       1,011       (87 )     30,924  
June 9, 2021 Note 1 and Note 2   December 9, 2022     — %     40,000       8,503       (9,522 )     38,981  
August 10, 2021 Optional Notes   February 10, 2023     15 %     33,917       12,283       (11,518 )     34,682  
Notes payable - China various other   Due on demand     — %     5,458       —       —       5,458  
PPP Loan   April 17, 2022     1 %     193       —       —       193  
Auto loans   Various     Various       121       —       —       121  
Total notes payable               $ 164,689     $ 29,489     $ (27,124 )   $ 167,054  
    December 31, 2021
Note Name   Contractual
Maturity
Date		   Contractual
Interest
Rates		     Unpaid
Balance		     Net
Carrying
Value at
12/31/21		  
Related party notes - China(1)     Due on Demand     18.00 %   $ 9,411     $ 9,411  
Related party notes - China various other(2)     Due on Demand     0.00 %     4,244       4,244  
Total related party notes payable               $ 13,655     $ 13,655  

 

    December 31, 2020
Note Name   Contractual
 Maturity
Date		   Contractual
Interest Rates		     Unpaid
Balance		     Fair Value
Measurement
Adjustments		     0%  
Coupon
Discount		     Loss (Gain) on  
Extinguishments		     Net
Carrying
Value at
12/31/2020		  
Related party note (3)     June 30,
2021		     12.00 %   $ 240,543     $ —     $ (861 )   $ 204     $ 239,886  
Related party note (4)     Due on
Demand		     15.00 %     10,000       —       —       —       10,000  
Related party notes – NPA tranche (5)     October 6,
2021		     10.00 %     27,593       5,356       —       —       32,949  
Related party notes – China (1)     Due on
Demand		     18.00 %     9,196       —       —       —       9,196  
Related party notes – China various other (2)(6)     Due on
Demand		     0% coupon, 10.00% imputed        6,548       —       (190 )     (22 )     6,336  
Related party notes – China various other (6)     Due on
Demand		     8.99 %     1,410       —       —       (3 )     1,407  
Related party notes – Other (7)     Due on
Demand		     0.00 %     424       —       —       —       424  
Related party notes – Other (8)     June 30,
 2021		     6.99 %     4,160       —       —       (50 )     4,110  
Related party notes – Other (9)     June 30,
 2021		     8.00 %     6,452       —       —       (35 )     6,417  
Related party notes - Other (10)     June 30,
 2021		    

1.52

 8.99%, 8.00,

2.86 

%

%

%

     8,440       —       —       (137 )     8,303  
Related party notes – Other (11)     Due on
Demand, June 30,
2021		     8.99%, 6.99 %     1,760       —       —       (11 )     1,749  
Related party notes – Other (12)     June 30,
2021		     8.00 %     11,635       —       —       (57 )     11,578  
Total related party notes payable               $ 328,161     $ 5,356     $ (1,051 )   $ (111 )   $ 332,355  

 
Schedule of fair value of financial instruments
   September 30,
2022		   December 31,
2021		 
March 1, 2021 Notes        
Outstanding principal  $
—
   $55,000 
Accrued interest   
—
    6,455 
Interest expense for the nine months ended September 30, 2022   1,266    
—
 
Principal payments   55,000    
—
 
Interest payments   7,721    
—
 

 

   September 30,
2022		   December 31,
2021		 
August 26, 2021 Notes        
Outstanding principal  $
—
   $30,000 
Accrued interest   
—
    1,473 
Interest expense for the nine months ended September 30, 2022   662    
—
 
Principal payments   30,000    
—
 
Interest payments   2,135    
—
 
Payment Premium payments   2,065    
—
 

 
  As of and for the Year
Ended
December 31,		 
March 1, 2021 Notes  2021   2020 
Outstanding principal  $55,000   $
—
 
Accrued interest   6,455    — 
Interest expense   6,455    — 
Original issue discount   3,490    — 
Proceeds   51,510    — 

 

  As of and for the Year
Ended
December 31,		 
August 26, 2021 Notes  2021   2020 
Outstanding principal  $30,000   $
—
 
Accrued interest   1,473    — 
Interest expense   1,473    — 
Original issue discount   87    — 
Proceeds   29,913    — 

 

  As of and for the Year
Ended
December 31,		 
June 9, 2021 Note 1  2021   2020 
Outstanding principal  $20,000   $
—
 
Original issue discount and debt issuance costs   1,797    — 
Proceeds   18,203    — 

 

  As of and for the Year
Ended
December 31,		 
June 9, 2021 Note 2  2021   2020 
Outstanding principal  $20,000   $
—
 
Original issue discount and debt issuance costs   2,600    — 
Proceeds   17,400    — 

 

  As of and for the Year
Ended
December 31,		 
August 10, 2021 Optional Notes  2021   2020 
Outstanding principal  $33,917   $
—
 
Accrued interest   183    — 
Interest expense   183    — 
Original issue discount and debt issuance costs   3,542    — 
Proceeds   30,375    — 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $5,458   $4,597 
Foreign exchange (gain) loss on principal   133    297 
Reclassification from related party notes payable   730    — 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $193   $9,168 
Accrued interest   2    65 
Interest expense   92    65 
Payroll Protection Program principal forgiveness   8,975    — 
Payroll Protection Program interest forgiveness   155    — 
Proceeds   —    9,168 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $57,293 
Accrued interest   —    13,769 
Interest expense   3,408    7,387 
Foreign exchange (gain) loss on principal   (1,293)   4,108 
Principal settled with equity   56,000    — 
Interest settled with equity   17,177    — 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $17,637 
Accrued interest   —    2,637 
Interest expense   976    1,768 
Principal conversion premium settled with equity   3,527    — 
Interest settled with equity   3,613    — 
Principal payments in cash   17,637    — 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $10,600 
Accrued interest   —    2,547 
Interest expense   704    1,275 
Principal settled with equity   10,600    — 
Interest settled with equity   3,251    — 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $1,500 
Accrued interest   —    587 
Interest expense   112    203 
Principal settled with equity   1,500    — 
Interest settled with equity   699    — 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $7,000 
Accrued interest   —    1,682 
Interest expense   465    842 
Principal and conversion premium settled with equity   10,375    — 
Interest settled with equity   2,147    — 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $3,677 
Accrued interest   —    2,314 
Interest expense   374    637 
Principal settled with equity   3,715    — 
Interest settled with equity   2,713    — 
Foreign exchange (gain) loss on principal   219    237 
Foreign exchange (gain) loss on accrued interest   167    142 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $4,140 
Accrued interest   —    569 
Interest expense   139    235 
Principal settled with equity   4,181    — 
Interest settled with equity   713    — 
Foreign exchange (gain) loss on principal   260    219 
Foreign exchange (gain) loss on accrued interest   44    35 
Proceeds   —    766 

 

   As of and for the Year
Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $729 
Accrued interest   —    19 
Interest expense   24    19 
Principal settled with equity   736    — 
Interest settled with equity   44    — 
Principal payments   —    32 
Foreign exchange (gain) loss on principal   (25)   — 
Foreign exchange (gain) loss on accrued interest   1    — 
Proceeds   —    761 

 

   As of and for the Year Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $15,000 
Principal and conversion premium settled with equity   20,367    — 
Proceeds   —    13,800 

 

  As of and for the Year Ended
December 31,		 
January 13 and March 12, 2021 Notes  2021   2020 
Outstanding principal  $
—
   $
—
 
Original issue discount and debt issuance costs   1,940    — 
Principal and conversion premium settled with equity   23,725    — 
Proceeds   16,310    — 

 

   As of and for the Year Ended
December 31,		 
   2021   2020 
Outstanding principal  $—   $15,000 
Interest expense   1,334    366 
Principal conversion premium settled with equity   2,785    — 
Interest and adjustment fee settled with equity   270    — 
Principal and conversion premium payments in cash   18,992    — 
Interest payments in cash   1,197    366 
Proceeds   —    15,000 

 

  As of and for the Year Ended
December 31,		 
January 13 and March 8, 2021 Notes  2021   2020 
Outstanding principal  $
—
   $
—
 
Original issue discount and debt issuance costs   1,132    — 
Interest expense   632    — 
Principal conversion premium settled with equity   2,069    — 
Interest settled with equity   82    — 
Principal and conversion premium payments in cash   11,582    — 
Interest payments in cash   550    — 
Proceeds   8,218    — 

 
Schedule of principal maturities of notes payable
Due on demand  $4,902 
2022   4,012 
2023   2,687 
2026   44,606 
   $56,207 

 
Years ended December 31,    
2022   130,772 
2023   33,917 
   $164,689 
Schedule of notes payable consists  
   December 31, 2021
Note Name  Contractual
Maturity
Date		  Contractual
Interest
Rates		   Unpaid
Balance		   Fair
Value
Measurement
Adjustments		   Original issue
discount and
proceeds
allocated to
warrants		   Net
Carrying
Value		 
March 1, 2021 Notes(1)  March 1, 2022   14.00%  $55,000   $7,692   $(5,997)  $56,695 
August 26, 2021 Notes(1)  March 1, 2022   14.00%   30,000    1,011    (87)   30,924 
June 9, 2021 Note 1 and Note 2(2)  December 9, 2022   
—
%   40,000    8,503    (9,522)   38,981 
August 10, 2021 Optional Notes(2)  February 10, 2023   15.00%   33,917    12,283    (11,518)   34,682 
Notes payable - China various other(3)  Due on demand   
—
%   5,458    
—
    
—
    5,458 
Notes payable(4)  April 17, 2022   1.00%   193    
—
    
—
    193 
Auto loans  Various   Various    121    
—
    
—
    121 
           $164,689   $29,489   $(27,124)  $167,054 

 

   December 31, 2020
Note Name  Contractual
Maturity
Date		  Contractual
Interest
Rates		   Unpaid
Balance		   Fair
Value
Measurement
Adjustments		   Loss(Gain)
on
Extinguishments		   Net
Carrying
Value		 
Note payable(5)  Contingent   12.00%  $57,293   $
—
   $
—
   $57,293 
Notes payable – NPA tranche(6)  October 6, 2021   10.00%   17,637    3,422    
—
    21,059 
Notes payable(7)  June 30, 2021   12.00%   19,100    
—
    
—
    19,100 
Notes payable – China various other(8)  Due on Demand   9.00%   3,677    
—
    (18)   3,659 
Notes payable – China various other(8)  Various Dates 2021   6.00%   4,869    
—
    (62)   4,807 
Notes payable – China various other(3)  Due on Demand   
—
%   4,597    
—
    
—
    4,597 
Note payable(9)  March 9, 2021   
—
%   15,000    2,712    
—
    17,712 
Note payable(10)  October 6, 2021   12.75%   15,000    5,972    
—
    20,972 
Notes payable(4)  April 17, 2022   1.00%   9,168    
—
    
—
    9,168 
           $146,341   $12,106   $(80)  $158,367 

 
Schedule of accrued interest and conversion premiums pursuant to the closing of the business combination  
   Year ending December 31, 2021 
Note Name  Net Carrying
Value at
12/31/2020		   Borrowings,
net of
OID		   Fair Value
Measurement
Adjustments		   Accrued
Interest at
Settlement		   FX
and
Other		   Cash Payment   Equity
Settlement		   Net Carrying
Value at
12/31/2021		   Loss
(Gain)
 at
Settlement		 
Settlement prior to the Business Combination:                                             
Note payable(5)  $57,293   $
—
   $
—
   $17,177   $(1,293)  $
—
   $(73,177)  $
—
   $
—
 
Notes payable(7)   19,100    
—
    
—
    6,098    
—
    
—
    (25,198)   
—
    
—
 
Subtotal settlements prior to the Business Combination   76,393    
—
    
—
    23,275    (1,293)   
—
    (98,375)   
—
    
—
 
Settlements in the Business Combination:                                             
Notes payable – NPA(6)   21,059    
—
    104    3,614    
—
    (17,636)   (7,141)   
—
    2,699 
Notes payable – China(8)   3,659    
—
    
—
    2,713    56    
—
    (6,428)   
—
    2,430 
Notes payable – China(8)   4,807    
—
    
—
    757    110    
—
    (5,674)   
—
    2,145 
Note payable(9)   17,712    
—
    1,988    
—
    667    
—
    (20,367)   
—
    7,698 
January 13 and March 12, 2021 Notes(9)   
—
    16,790    6,935    
—
    
—
    
—
    (23,725)   
—
    8,968 
Note payable(10)   20,972    
—
    138    270    667    (18,992)   (3,055)   
—
    1,155 
January 13 and March 8, 2021 Notes(10)   
—
    8,750    4,901    82    
—
    (11,582)   (2,151)   
—
    813 
Subtotal settlements in the Business Combination   68,209    25,540    14,066    7,436    1,500    (48,210)   (68,541)   
—
    25,908 
Notes payable(4)   9,168    
—
    
—
    
—
    (8,975)   
—
    
—
    193    (8,975)
Total  $153,770   $25,540   $14,066   $30,711   $(8,768)  $(48,210)  $(166,916)  $193   $16,933