Restatement (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Changes and Error Corrections [Abstract]

Summary of Restatement

The following tables present the effect of correcting these accounting errors on the Company’s previously issued financial statements (in thousands, except share and per share data):

Summary of Restatement - Consolidated Balance Sheet

	December 31, 2022
	As Previously Reported		Restatement Impacts		As Restated
Assets
Current assets
Deposits	$	26,804	$	17,262	$	44,066
Other current assets	21,087		859		21,946
Total current assets	66,405		18,121		84,526
Property and equipment, net	417,803		879		418,682
Total assets	$	510,288	$	19,000	$	529,288
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$	87,376	$	4,227	$	91,603
Bridge warrants	95,130		(2,349)		92,781
Accrued interest	1,864		(1,675)		189
Related party notes payable	8,406		558		8,964
Total current liabilities	267,484		761		268,245
Total liabilities	327,535		761		328,296
Commitments and contingencies (Note 14)
Stockholders’ equity
Additional paid-in capital	3,655,771		68,409		3,724,180
Accumulated deficit	(3,476,585)		(50,170)		(3,526,755)
Total stockholders’ equity	182,753		18,239		200,992
Total liabilities and stockholders’ equity	$	510,288	$	19,000	$	529,288

Consolidated Statement of Operations and Comprehensive Loss

	Year Ended December 31, 2022
	As Previously Reported		Restatement Impacts		As Restated
Operating expenses
Research and development	$	311,084	$	(11,095)	$	299,989
Sales and marketing	20,772		917		21,689
General and administrative	116,437		(3,666)		112,771
Loss on disposal of property and equipment	2,695		—		2,695
Total operating expenses	450,988		(13,844)		437,144
Loss from operations	(450,988)		13,844		(437,144)
Change in fair value measurements	(69,671)		(841)		(70,512)
Interest expense	(7,236)		1,675		(5,561)
Related party interest expense	(3,879)		—		(3,879)
Other expense, net	(12,544)		666		(11,878)
Loss on settlement of related party notes payable, notes payable, and vendor payables in trust, net	(7,690)		(65,514)		(73,204)
Loss before income taxes	(552,008)		(50,170)		(602,178)
Income tax provision	(61)		—		(61)
Net loss	$	(552,069)	$	(50,170)	$	(602,239)
Per share information (Note 18):
Net loss per Common Stock – Class A and Class B – basic and diluted	$	(1.50)	$	(0.14)	$	(1.64)
Weighted average Common Stock outstanding – Class A and Class B – basic and diluted	367,254,444		—		367,254,444
Total comprehensive loss
Net loss	$	(552,069)	$	(50,170)	$	(602,239)
Change in foreign currency translation adjustment	10,450		$	—	10,450
Total comprehensive loss	$	(541,619)	$	(50,170)	$	(591,789)

Summary of Restatement - Consolidated Statement of Cash Flows

	Year Ended December 31, 2022
	As Previously Reported		Restatement Impacts		As Restated
Cash flows from operating activities
Net loss	$	(552,069)	$	(50,170)	$	(602,239)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense	2,975		—		2,975
Amortization of operating lease right-of-use assets and intangible assets	2,520		—		2,520
Stock-based compensation	17,653		11		17,664
Vesting of restricted stock awards for employee bonus	—		—		—
Loss on disposal of property and equipment	2,695		—		2,695
Change in fair value measurement of related party notes payable and notes payable	(25,471)		3,190		(22,281)
Change in fair value measurement of warrant liability	95,130		(2,349)		92,781
Loss (gain) on foreign exchange	2,484		—		2,484
Loss (gain) on forgiveness of accounts payable and deposits, net (see Note 6)	5,200		—		5,200
Non-cash interest expense	10,078		(1,675)		8,403
Loss on extinguishment of related party notes payable, notes payable and vendor payables in trust, net	7,690		65,514		73,204
Gain on forgiveness of vendor payables in trust	—		—		—
Reserve for unrecoverable value added taxes	—		—		—
Other	776		252		1,028
Changes in operating assets and liabilities:
Deposits	28,136		(17,262)		10,874
Other current and non-current assets	(8,841)		(859)		(9,700)
Accounts payable	57,021		3,348		60,369
Accrued expenses and other current and non-current liabilities	(14,947)		—		(14,947)
Operating lease liabilities	(1,620)		—		(1,620)
Accrued interest expense	(12,468)		—		(12,468)
Transfers between vendor payables in trust and accounts payable	—		—		—
Net cash used in operating activities	$	(383,058)	$	—	$	(383,058)

	Year Ended December 31, 2022
	As Previously Reported		Restatement Impacts		As Restated
Supplemental disclosure of noncash investing and financing activities
Conversion of notes payable into Class A Common Stock (Note 11) (as restated)	$	99,481	$	64,588	$	164,069
Additions of property and equipment included in accounts payable and accrued expenses (as restated)	8,041		4,227		12,268
Troubled debt restructuring accounted for as a capital transaction (as restated)	17,399		(558)		16,841
Class A Common Stock to be delivered for conversion of notes payable (Note 11) (as restated)	926		(926)		—