Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 86,094 $ 81,084
Restricted cash 5,850 11,950
Inventory, net 32,712 44,132
Prepaid expenses and other current assets 5,551 4,844
Total current assets 130,207 142,010
Restricted cash 2,802 2,951
Property and equipment, net 12,627 14,530
Operating lease right-of-use assets 12,629 12,362
Other long-term assets 2,697 2,192
Total assets 160,962 174,045
Current liabilities:    
Accounts payable 8,863 10,712
Accrued expenses 16,549 31,354
Deferred revenue 7,745 10,878
Operating lease liabilities, current 4,094 3,705
Other current liabilities 486 249
Debt, current 0 575
Total current liabilities 37,737 57,473
Debt, noncurrent 70,791 60,620
Operating lease liabilities, noncurrent 15,318 16,192
Derivative liabilities 13,025 13,227
Total liabilities 136,871 147,512
Commitments and contingencies (Note 6)
Redeemable convertible preferred stock, $0.0001 par value - 100,000,000 shares authorized at September 30, 2023 and December 31, 2022; 10,000 and no shares outstanding at September 30, 2023 and December 31, 2022, respectively 10,000 0
Stockholders’ equity:    
Common stock - $0.0001 par value – 600,000,000 Class A shares authorized at September 30, 2023 and December 31, 2022; 30,379,905 and 25,123,332 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively; 200,000,000 Class B shares authorized at September 30, 2023 and December 31, 2022; 7,070,053 and 10,447,927 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 4 4
Additional paid-in capital 625,692 604,387
Accumulated deficit (611,605) (577,858)
Total stockholders’ equity 14,091 26,533
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 160,962 $ 174,045