Restatement (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Changes and Error Corrections [Abstract]

Summary of Restatement

Summary of Restatement - Condensed Consolidated Balance Sheet

	March 31, 2023
	As Previously Reported		Restatement Impacts		As Restated
Assets
Property and equipment, net	$	446,524	$	647	$	447,171
Total assets	$	575,289	$	647	$	575,936
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$	76,926	$	3,318	$	80,244
Related party accrued interest	140		(140)		—
Accrued interest	2,505		(2,480)		25
Related party notes payable	8,643		558		9,201
Total current liabilities	192,873		1,256		194,129
Total liabilities	318,903		1,256		320,159
Stockholders’ equity
Additional paid-in capital	3,723,446		201,019		3,924,465
Accumulated deficit	(3,470,098)		(201,630)		(3,671,728)
Total stockholders’ equity	256,386		(609)		255,777
Total liabilities and stockholders’ equity	$	575,289	$	647	$	575,936

Condensed Consolidated Statement of Operations and Comprehensive Loss

	Three Months Ended March 31, 2023
	As Previously Reported		Restatement Impacts		As Restated
Operating expenses
Research and development	$	46,160	$	11,648	$	57,808
Sales and marketing	5,585		(520)		5,065
General and administrative	27,584		(1,071)		26,513
Loss on disposal of property and equipment	3,698		—		3,698
Change in fair value of earnout liability	—		2,764		2,764
Total operating expenses	83,027		12,821		95,848
Loss from operations	(83,027)		(12,821)		(95,848)
Change in fair value of notes payable and warrant liabilities	94,917		(46,782)		48,135
Loss on settlement of notes payable	(3,021)		(95,115)		(98,136)
Interest expense	(4,651)		4,359		(292)
Related party interest expense	(140)		140		—
Other income (expense), net	2,409		(1,241)		1,168
Income (loss) before income taxes	6,487		(151,460)		(144,973)
Income tax provision	—		—		—
Net income (loss)	$	6,487	$	(151,460)	$	(144,973)
Per share information (Note 15):
Net income (loss) per share of Class A and B Common Stock attributable to common stockholders:
Basic	$	0.01	$	(0.21)	$	(0.20)
Diluted	(0.07)		(0.13)		(0.20)
Weighted average shares used in computing net income (loss) per share of Class A and B Common Stock:
Basic	657,565,442		64,000,588		721,566,030
Diluted	988,638,662		(267,072,632)		721,566,030
Total comprehensive income (loss):
Net income (loss)	$	6,487	$	(151,460)	$	(144,973)
Change in foreign currency translation adjustment	(555)		—		(555)
Total comprehensive income (loss)	$	5,932	$	(151,460)	$	(145,528)

Summary of Restatement - Condensed Consolidated Statement of Cash Flows

	Three Months Ended March 31, 2023
	As Previously Reported		Restatement Impacts		As Restated
Cash flows from operating activities
Net income (loss)	$	6,487	$	(151,460)	$	(144,973)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense	1,103		—		1,103
Stock-based compensation	15,102		(6,469)		8,633
Loss on disposal of property and equipment	3,698		—		3,698
Change in fair value measurement of related party notes payable and notes payable	(79,462)		—		(79,462)
Change in fair value measurement of warrant liability	(18,219)		49,546		31,327
Change in fair value measurement of earnout liability	2,764		—		2,764
Amortization of operating lease right-of-use assets and intangible assets	736		—		736
Loss on foreign exchange	653		—		653
Non-cash interest expense	4,533		(4,499)		34
Loss on settlement of notes payable	3,021		95,115		98,136
Other	338		323		661
Changes in operating assets and liabilities:
Deposits	(29,370)		17,262		(12,108)
Other current and non-current assets	6,368		859		7,227
Accounts payable	(10,367)		(677)		(11,044)
Accrued expenses and other current liabilities	(9,626)		—		(9,626)
Operating lease liabilities	(542)		—		(542)
Accrued interest expense	(197)		—		(197)
Net cash used in operating activities	$	(102,980)	$	—	$	(102,980)

	Three Months Ended March 31, 2023
	As Previously Reported		Restatement Impacts		As Restated
Supplemental disclosure of noncash investing and financing activities
Conversion of notes payable and accrued interest into Class A Common Stock	$	46,296	$	91,884	$	138,180