XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss $ (269,901) $ (294,792)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 14,534 9,846
Stock-based compensation 9,272 6,474
Loss on disposal of property and equipment 3,698 1,407
Change in fair value of earnout liability 2,100 0
Change in operating lease right-of-use assets 1,419 0
Loss on foreign exchange 164 2,484
Loss (gain) on forgiveness of accounts payable and deposits, net 135 2,190
Non-cash interest expense 0 4,609
Other 669 216
Changes in operating assets and liabilities:    
Deposits (17,767) 11,104
Inventory (5,844) (950)
Other current and non-current assets 2,977 2,998
Accounts payable 9,905 24,403
Accrued expenses and other current liabilities (27,551) 12,785
Operating lease liabilities (1,097) (1,678)
Accrued interest expense (127) (9,856)
Net cash used in operating activities (160,708) (235,104)
Cash flows from investing activities    
Payments for property and equipment (25,852) (90,234)
Net cash used in investing activities (25,852) (90,234)
Cash flows from financing activities    
Proceeds from exercise of warrants 4,074 0
Payments of notes payable 0 (87,258)
Payments of finance lease obligations (673) (936)
Proceeds from exercise of stock options 44 2,354
Net cash provided by (used in) financing activities 181,838 (85,840)
Effect of exchange rate changes on cash and restricted cash 5,604 2,235
Net increase (decrease) in cash and restricted cash 882 (408,943)
Cash and restricted cash, beginning of period 18,514 530,477
Cash and restricted cash, end of period 19,396 121,534
Cash and restricted cash    
Cash 17,893  
Restricted cash 1,503  
Total cash and restricted cash 19,396 121,534
Supplemental disclosure of cash flow information    
Cash paid for interest 465 12,937
Supplemental disclosure of noncash investing and financing activities    
Additions of property and equipment included in accounts payable and accrued expenses 20,047 7,331
Reclassification of Feb. 28, 2023 stock-based awards liability to equity due to authorized share increase 8,978 0
Reclassification of Feb. 28, 2023 earnout shares liability to equity due to authorized share increase 5,014 0
Issuance of Secured SPA Warrants pursuant to the Exchange Agreement (Note 8) 30,348,000
Issuance of Secured SPA Notes pursuant to the Exchange Agreement (Note 8) 16,500 0
Reduction in outstanding warrants pursuant to the Exchange Agreement (Note 8) (16,506) 0
Reclassification of earnout shares from equity to liability on April 21, 2023 due to insufficient authorized shares 2,112
Reclassification of stock-based awards from equity to liability on April 21, 2023 due to insufficient authorized shares 2,979 0
Change in classification of warrants from Additional paid-in capital to liability pursuant to the Warrant Exchange (Note 8) 6,811 0
Recognition of operating right of use assets and lease liabilities upon adoption of ASC 842 and for new leases entered into in 2022 0 9,991
Related Party    
Supplemental disclosure of noncash investing and financing activities    
Conversion of convertible note to equity 9,739 0
Nonrelated Party    
Supplemental disclosure of noncash investing and financing activities    
Conversion of convertible note to equity 96,719 0
Nonrelated Party    
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash change in fair value of notes payable and warrant liabilities (72,930) (6,344)
Loss on settlement of notes payable 183,528 0
Cash flows from financing activities    
Proceeds from notes payable, net of original issuance discount 160,800 0
Settlement of notes payable transaction costs (1,834) 0
Related Party    
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash change in fair value of notes payable and warrant liabilities (384) 0
Loss on settlement of notes payable 6,492 0
Cash flows from financing activities    
Proceeds from notes payable, net of original issuance discount 19,782 0
Settlement of notes payable transaction costs $ (355) $ 0