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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 100,076 $ 8,669
Restricted cash 5,000
Accounts Receivable 1,740 77
Commitment fee asset 610
Other current assets 4,516 3,714
Total current assets 106,332 18,070
Network under construction 494 16,828
Property and equipment, net of accumulated depreciation of $2,714 and $1,262 at December 31, 2021 and 2020, respectively 21,757 5,706
Intangible assets 4,095 4,144
Other assets 4,145 154
Total assets 136,823 44,902
Current liabilities:    
Accounts payable 448 680
Accrued expenses and other current liabilities 4,600 3,561
Deferred revenue 1,632
Total current liabilities 6,680 4,241
Warrants 28,875 101,325
Senior secured loan 58,871
Other long-term liabilities 1,311 1,239
Total liabilities 36,866 165,676
Preferred Interests:    
Class C Convertible Preferred Units, zero authorized, units issued and outstanding at December 31, 2021; authorized 13,400,000 units and 5,365,566 units issued and outstanding at December 31, 2020; aggregate liquidation preference of zero and $11,879,116 outstanding at December 31, 2021 and 2020, respectively 11,879
Class D Convertible Preferred Units, zero authorized, units issued and outstanding at December 31, 2021; authorized 94,550,000 units and 42,286,068 units issued and outstanding at December 31, 2020; aggregate liquidation preference of zero and $357,724,977 outstanding at December 31, 2021 and 2020, respectively   357,725
Total preferred interests 369,604
Stockholders’ equity (deficit) (1):    
Common Stock, authorized 500,000,000 shares; 96,546,611 and 7,345,733 shares issued and outstanding at December 31, 2021 and 2020, respectively [1] 11 2
Additional paid-in capital [1] 747,928
Accumulated other comprehensive loss [1] (121) (96)
Accumulated deficit [1] (647,861) (490,284)
Total stockholders’ equity (deficit) [1] 99,957 (490,378)
Total liabilities, preferred interests, and stockholders’ equity (deficit) [1] $ 136,823 $ 44,902
[1] Retroactively restated for the reverse recapitalization as described in Note 1 and 9.