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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 69,935 $ 105,027
Restricted cash 2,768 2,768
Accounts receivable, net 3,194 3,122
Inventories 13,066 11,428
Prepaid expenses and other current assets 12,000 4,915
Deferred contract costs, current 0 7,580
TOTAL CURRENT ASSETS 100,963 134,840
Property and equipment, net 6,602 7,019
Unbilled receivables 11,044 8,891
Forward purchase receivable 58,184 60,050
Operating lease right-of-use asset [1] 10,520 0
Goodwill 7,444 7,444
Prepaid expenses, noncurrent 10,702 0
Deferred contract costs, noncurrent 0 11,847
Other long-term assets 1,431 1,514
TOTAL ASSETS 206,890 231,605
CURRENT LIABILITIES    
Accounts payable 16,542 28,936
Accrued expenses 10,600 6,392
Deferred revenue 1,904 2,020
Operating lease liabilities, current [1] 3,270 0
Other current liabilities 18,031 21,899
SPAC warrant liabilities 19,820 22,045
TOTAL CURRENT LIABILITIES 70,167 81,292
PIPE Convertible Notes, net of transaction costs 77,371 77,047
Long-term debt 43,386 43,287
Forward purchase option derivative 17,609 4,203
Earnout liability 20,145 27,134
Operating lease, liability, noncurrent [1] 7,703 0
Other long-term liabilities 104 217
TOTAL LIABILITIES 236,485 233,180
STOCKHOLDERS’ DEFICIT    
Common stock, $0.0001 par value per share; 600,000,000 shares authorized as of both March 31, 2022 and December 31, 2021; 66,915,204 and 66,647,242 shares issued and outstanding as of both March 31, 2022 and December 31, 2021, respectively 7 7
Additional paid-in capital 391,257 383,066
Accumulated deficit (420,859) (384,648)
TOTAL STOCKHOLDERS’ DEFICIT (29,595) (1,575)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 206,890 $ 231,605
[1] Figures as of March 31, 2022 reflect the Company’s January 1, 2022 adoption of Accounting Standards Update (“ASU”) No. 2016-02, Leases. For additional details, see Note 1.