Nature of Business and Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of The Fair Value Hierarchy

The fair value hierarchy is as follows:

Level 1	Valuations for assets and liabilities traded in active exchange markets, or interest in open-end mutual funds that allow a company to sell its ownership interest back at net asset value on a daily basis. Valuations are obtained from readily available pricing sources for market transactions involving identical assets, liabilities or funds.
Level 2	Valuations for assets and liabilities traded in less active dealer, or broker markets, such as quoted prices for similar assets or liabilities or quoted prices in markets that are not active. Level 2 instruments typically include U.S. government and agency debt securities, and corporate obligations. Valuations are usually obtained through market data of the investment itself as well as market transactions involving comparable assets, liabilities or funds.
Level 3	Valuations for assets and liabilities that are derived from other valuation methodologies, such as option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker-traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities.

Schedule of Depreciation and Amortization on Property and Equipment Is Calculated Using The Straight-Line Method Over The Estimated Useful Lives

Depreciation and amortization on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets and for leasehold improvements, over the term of the lease, if shorter.

	Useful Life (in years)
Buildings	39
Building improvements	15
Computer hardware	5
Tooling, machinery, and equipment	5 to 10
Vehicles	5
Computer software	3
Leasehold improvements	Shorter of 15 years or term of the lease

Property and equipment, net, consists of the following as of December 31 (dollars in thousands):

	2022 (As Restated)		2021
Buildings	$	19,395	$	14,180
Computer hardware	3,112		3,051
Tooling, machinery and equipment	9,542		8,868
Vehicles	337		337
Computer software	4,212		1,032
Leasehold improvements	383		297
Construction in process (as restated)	393,814		275,048
Less: Accumulated depreciation	(12,113)		(9,678)
Total property and equipment, net	$	418,682	$	293,135