Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 81,084 $ 81,084
Restricted cash 5,700 11,950
Inventory, net 34,549 44,132
Prepaid expenses and other current assets 4,236 4,844
Total current assets 125,569 142,010
Restricted cash 2,951 2,951
Property and equipment, net 13,256 14,530
Operating lease right-of-use assets 13,272 12,362
Other long-term assets 2,825 2,192
Total assets 157,873 174,045
Current liabilities:    
Accounts payable 10,687 10,712
Accrued expenses 14,676 31,354
Deferred revenue 8,988 10,878
Operating lease liabilities, current 3,949 3,705
Other current liabilities 369 249
Debt, current 0 575
Total current liabilities 38,669 57,473
Debt, noncurrent 69,920 60,620
Operating lease liabilities, noncurrent 16,351 16,192
Derivative liabilities 11,792 13,227
Total liabilities 136,732 147,512
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $0.0001 par value - 100,000,000 shares authorized at June 30, 2023 and December 31, 2022; no shares outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock - $0.0001 par value – 600,000,000 Class A shares authorized at June 30, 2023 and December 31, 2022; 26,456,120 and 25,123,332 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively; 200,000,000 Class B shares authorized at June 30, 2023 and December 31, 2022; 9,981,796 and 10,447,927 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 4 4
Additional paid-in capital 622,931 604,387
Accumulated deficit (601,794) (577,858)
Total stockholders’ equity 21,141 26,533
Total liabilities and stockholders’ equity $ 157,873 $ 174,045