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D-Wave Systems Inc. - Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 10,466 $ 9,483
Trade accounts receivable, net 918 421
Receivable research incentives 2,451 4,774
Inventories 2,148 2,114
Prepaid expenses and other current assets 1,529 1,116
Deferred offering costs 5,671 1,250
Total current assets 23,183 19,158
Property and equipment, net 2,772 3,249
Operating lease right-of-use assets 8,118 8,578
Intangible assets, net 262 272
Other noncurrent assets 1,350 1,353
Total assets 35,685 32,610
Current liabilities:    
Trade accounts payable 2,483 2,109
Accrued expenses and other current liabilities 8,295 3,614
Current portion of operating lease liabilities 1,573 1,687
Current portion of equipment financing 21,353 220
Deferred revenue, current 2,595 2,665
Total current liabilities 36,299 10,295
Operating lease liabilities, net of current portion 6,556 6,990
Loans payable, noncurrent 12,903 12,233
Deferred revenue, noncurrent 20 54
Other noncurrent liabilities 0 18
Total liabilities 55,778 29,590
Commitments and contingencies (Note 15)
Stockholders' equity:    
Non-redeemable convertible preferred stock, no par value; unlimited number of shares authorized as of June 30, 2022 and December 31, 2021; 137,765,828 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively. 189,881 189,881
Common stock, no par value; unlimited number of shares authorized as of June 30, 2022 and December 31, 2021; 3,341,327 and 3,166,949 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively. 2,811 2,610
Additional paid-in capital 147,779 146,240
Accumulated deficit (350,083) (325,268)
Accumulated other comprehensive loss (10,481) (10,443)
Total stockholders' equity (20,093) 3,020
Total liabilities and stockholders’ equity $ 35,685 $ 32,610