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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (142,191) $ (7,437)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 562 139
Share-based compensation 11,380 278
SAFE Instruments remeasurement 86,907 0
Warrant remeasurement 6,651 7
Provision for contract losses 5,180 0
Non-cash operating lease expense 1,277 134
Other non-cash operating activities 583 0
Changes in assets and liabilities:    
Receivables (3,597) 0
Prepaid and other current assets (497) (150)
Other long-term assets (2,571) 0
Trade payables 1,885 (51)
Accrued expenses and other current liabilities 4,245 212
Contract liabilities 123 0
Operating lease liabilities (1,061) (134)
Other long-term liabilities 69 0
Net cash used in operating activities (31,055) (7,002)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (3,836) (295)
Purchases of available-for-sale investments (49,304) 0
Maturities of available-for-sale investments 16,224 0
Acquisition of HelioHeat, net of cash acquired (1,684) 0
Other investing activities (46)
Net cash used in investing activities (38,646) (295)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from preferred shares, net of issuance costs of $13.3 thousand 0 10,242
Proceeds from SAFE Instruments, net of issuance costs of $30.1 thousand 83,411 0
Proceeds from Business Combination with Athena, net of transaction costs 159,400 0
Proceeds from Paycheck Protection Program loan 0 411
Repayments on Paycheck Protection Program loan (411) 0
Proceeds from exercise of stock options 524 33
Proceeds from exercise of common stock warrants 30 0
Other financing costs (6) 0
Net cash provided by financing activities 242,948 10,686
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 173,247 3,389
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF THE YEAR 18,334 14,945
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF THE YEAR $ 191,581 $ 18,334