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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 262,260 $ 58,806
Accounts receivable, less allowance for doubtful accounts; $0 and $53.2 12,587 6,151
Inventory 2,726 6,152
Prepaid partnership costs 8,982 9,625
Prepaid expenses and other current assets 12,091 921
Total current assets 298,646 81,655
Operating lease right-of-use assets, net 76,364 49,434
Property and equipment, net 97,728 49,358
Notes receivable - employee 0 1,019
Other non-current assets 321 327
Intangible assets, net 643 0
Goodwill 221 0
Total assets 473,923 181,793
Current liabilities    
Accounts payable 18,460 5,494
Accounts payable - due to related party 1 92
Accrued expenses and other current liabilities 20,168 21,533
Operating lease liability - current portion 5,952 7,484
Deferred revenue 8,450 7,625
Term loans payable - current 15,998 9,988
Warrant liability 27,071 698
Total current liabilities 96,100 52,914
Term loans payable, net of unamortized debt issuance costs and current term loan payable 23,997 41,032
Operating lease liability - non-current portion 64,422 37,146
Other non-current liabilities 7,268 7,004
Total liabilities 191,787 138,096
Redeemable convertible Legacy Volta Preferred Stock, Volta Inc. Preferred Stock, $0.001 par value: 10,000,000 shares authorized; no shares outstanding as of December 31, 2021, $0.001 par value: 86,845,643 shares authorized; 76,493,917 shares issued and outstanding as of December 31, 2020 (aggregate liquidation preference of $0 and $214,719,011 as of December 31, 2021 and 2020, respectively). 0 182,599
STOCKHOLDERS' (DEFICIT) EQUITY    
Class A and Class B common stock, par value $0.0001 and $0.001 as of December 31, 2021 and 2020, respectively: 400,000,000 (Class A 350,000,000, Class B 50,000,000) and 152,901,000 (Class A 48,540,000, Class B 104,361,000) shares authorized; 162,105,399 (Class A 152,218,214, Class B 9,887,185) and 24,696,437 (Class A 13,185,808, Class B 11,510,629) shares issued and outstanding as of December 31, 2021 and 2020, respectively 16 1
Additional paid-in capital 710,638 13,233
Accumulated other comprehensive income 213 0
Accumulated deficit (428,731) (152,136)
Total stockholders’ (deficit) equity 282,136 (138,902)
Total liabilities, redeemable convertible Preferred Stock and stockholders’ (deficit) equity $ 473,923 $ 181,793