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

 

 

Three Months Ended September 30,

 


Nine Months Ended September 30,


 

 

2022

 

 

2021

 


2022

2021

 

 

(in thousands)

 


(in thousands)

Commercial

 

$

488

 

 

$

190

 


$ 2,970

$ 395

Government contracts

 

 

7

 

 

 

65

 



24


321

Equipment sales

 

 

8

 

 

 

21

 



129


27

Total revenue

 

$

503

 

 

$

276

 


$ 3,123

$ 743
Schedule of stock-based compensation included in cost of goods sold, research and development, and selling, general and administrative expenses

 


Three Months Ended September 30,


 

Nine Months Ended September 30,

 

 


2022

2021

 

2022

 

 

2021

 

 


(in thousands)

 

(in thousands)

 

Cost of goods sold


$ 531

$ 81

 

$

1,714

 

 

$

134

 

Research and development



1,415


136

 

 

4,715

 

 

 

409

 

Selling, general and administrative



4,689


128

 

 

14,164

 

 

 

490

 

Total stock-based compensation expense


$ 6,635

$ 345

 

$

20,593

 

 

$

1,033

 

Schedule of diluted weighted average shares

 


Three Months Ended September 30,


 

Nine Months Ended September 30,

 

 


2022

2021

 

2022

 

 

2021

 

 


(in thousands, except per share amounts)

 

Numerator









 

 

 

 

 

 

Net loss


$ 18,730
$ 32,421

 

$

27,614

 

$

98,465

Less: cumulative change in redemption value of preferred units







 

 

 

 

 

13,831

Net loss attributable to common stockholders


$ 18,730
$ 32,421

 

$

27,614

 

$

112,296

 









 

 

 

 

 

 

 

 

Denominator









 

 

 

 

 

 

 

 

Weighted average shares – basic and diluted



101,397


7,352

 

 

98,513

 

 

 

7,348

 

Basic and diluted loss per share 


$ (0.18 )
$ (4.41 )

 

$

(0.28

)

 

$

(15.28

)
Schedule of anti-dilutive unvested restricted stock units

 


Three Months Ended September 30,

 

Nine Months Ended September 30,

 

Antidilutive Shares Excluded



2022


2021

 

2022

 

 

2021

 

 


(in thousands)

 

(in thousands)

 

Warrants



18,750


17,667

 

 

18,750

 

 

 

17,667

 

Stock Options



2,374


2,049

 

 

2,374

 

 

 

2,049

 

Unvested Restricted Stock Units



3,294


94

 

 

3,294

 

 

 

94

 

Unvested Restricted Stock Awards



1,262



 

 

1,262

 

 

 

 

Preferred units






47,652

 

 

 

 

 

47,652