Deposits and Other Current Assets

9 Months Ended

Sep. 30, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Deposits and Other Current Assets

Deposits and Other Current Assets

Deposits and other current assets consist of the following:

Deposits:	September 30, 2022		December 31, 2021
Deposits for research and development, prototype and production parts, and other	$	39,142	$	54,990
Deposits for “Future Work”	5,388		8,380
Total deposits	$	44,530	$	63,370
Other current assets:
Prepaid expenses	$	19,300	$	11,119
Other current assets	4,459		2,291
Total other current assets	$	23,759	$	13,410

During the three and nine months ended September 30, 2022, the Company made deposits for research and development (“R&D”), prototype and production parts 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 $3,204 and $1,466 for the three months ended September 30, 2022 and 2021, and $8,866 and $1,739 for the nine months ended September 30, 2022 and 2021, respectively.

During the three months ended September 30, 2022, the Company entered into an insurance policy for its directors and officers (“D&O Policy”), which required it to make a prepayment in the amount of $21,732, of which $4,265 was amortized to General and administrative expenses in the unaudited Condensed Consolidated Statement of Operations and Comprehensive Loss for three and nine months ended September 30, 2022.