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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Summary of Significant Accounting Policies  
Schedule of company’s revenue disaggregated by category and source

 

 

Three Months Ended June 30,

 


Six Months Ended June 30,


 

 

2022

 

 

2021

 


2022

2021

 

 

(in thousands)

 


(in thousands)

Commercial

 

$

1,302

 

 

$

205

 


$ 2,482

$ 205

Government contracts

 

 

7

 

 

 

5

 



17


256

Equipment sales

 

 

112

 

 

 

6

 



121


6

Total revenue

 

$

1,421

 

 

$

216

 


$ 2,620

$ 467
Schedule of stock-based compensation included in cost of goods sold, research and development, and selling, general and administrative expenses

 


Three Months Ended June 30,


 

Six Months Ended June 30,

 

 


2022

2021

 

2022

 

 

2021

 

 


(in thousands)

 

(in thousands)

 

Cost of goods sold


$ 539

$ 54

 

$

1,183

 

 

$

54

 

Research and development



1,506


128

 

 

3,300

 

 

 

272

 

Selling, general and administrative



4,718


143

 

 

9,475

 

 

 

362

 

Total stock-based compensation expense


$ 6,763

$ 325

 

$

13,958

 

 

$

688

 

Schedule of diluted weighted average shares

 


Three Months Ended June 30,


 

Six Months Ended June 30,

 

 


2022

2021

 

2022

 

 

2021

 

 


(in thousands, except per share amounts)

 

Numerator









 

 

 

 

 

 

Net loss (income)


$ (827 )
$ 38,975

 

$

8,884

 

$

66,043

Less: cumulative change in redemption value of preferred units






5,643

 

 

 

 

 

13,831

Net loss (income) attributable to common stockholders


$ (827 )
$ 44,618

 

$

8,884

 

$

79,874

 









 

 

 

 

 

 

 

 

Denominator









 

 

 

 

 

 

 

 

Weighted average shares – basic



101,071


7,346

 

 

99,886

 

 

 

7,346

 

Weighted average shares – diluted

102,381


7,346


99,886


7,346

Basic (earning) loss per share


$ (0.01 )
$ 6.07

 

$

0.09

 

 

$

10.87

 

Diluted (earning) loss per share
$

(0.01

)
$ 6.07

$

0.09



$ 10.87
Schedule of anti-dilutive unvested restricted stock units

 


Three Months Ended June 30,

 

Six Months Ended June 30,

 

Antidilutive Shares Excluded



2022


2021

 

2022

 

 

2021

 

 


(in thousands)

 

(in thousands)

 

Warrants



18,750


17,667

 

 

18,750

 

 

 

17,667

 

Stock Options



616


2,061

 

 

2,399

 

 

 

2,061

 

Unvested Restricted Stock Units



3,207


112

 

 

3,251

 

 

 

112

 

Unvested Restricted Stock Awards







 

 

1,276

 

 

 

 

Preferred units






47,652

 

 

 

 

 

47,652