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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 217,114 $ 33,664
Accounts receivable 788 1,051
Unbilled receivables 221 219
Inventories, net 1,006 707
Prepaid expenses and other current assets 9,202 693
Total current assets 228,331 36,334
Property and equipment, net 7,051 1,425
Other non-current assets 441 292
Total assets 235,823 38,051
Current liabilities:    
Accounts payable 1,681 972
Accrued liabilities 4,480 1,255
Notes payable, current   1,328
Total current liabilities 6,161 3,555
Notes payable, net of current   1,066
Warrant liabilities 13,701  
Other non-current liabilities 1,999 526
Total liabilities 21,861 5,147
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.0001 par value, 990,000,000 and 133,312,415 shares authorized as of December 31, 2021, and December 31, 2020; 137,722,658 and 104,039,354 shares issued and outstanding as of December 31, 2021, and December 31, 2020, respectively 14 10
Additional paid-in capital 359,439 96,880
Accumulated deficit (145,491) (63,983)
Total Sarcos Technology and Robotics Corporation stockholders’ equity 213,962 32,907
Noncontrolling interests   (3)
Total stockholders’ equity 213,962 32,904
Total liabilities and stockholders’ equity $ 235,823 $ 38,051