Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 86,411 $ 81,084
Restricted cash 5,650 11,950
Inventory, net 28,776 44,132
Prepaid expenses and other current assets 3,359 4,844
Total current assets 124,196 142,010
Restricted cash 2,802 2,951
Property and equipment, net 11,625 14,530
Operating lease right-of-use assets 9,612 12,362
Other long-term assets 2,507 2,192
Total assets 150,742 174,045
Current liabilities:    
Accounts payable 8,074 10,712
Accrued expenses 16,020 31,354
Deferred revenue 7,154 10,878
Operating lease liabilities, current 3,489 3,705
Other current liabilities 306 249
Debt, current 0 575
Total current liabilities 35,043 57,473
Debt, noncurrent 71,662 60,620
Operating lease liabilities, noncurrent 14,404 16,192
Derivative liabilities 11,511 13,227
Total liabilities 132,620 147,512
Commitments and contingencies (Note 7)
Redeemable convertible preferred stock, $0.0001 par value – 100,000,000 shares authorized at December 31, 2023 and December 31, 2022, respectively; 10,000 and no shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 10,000 0
Stockholders’ equity:    
Common stock - Class A shares, $0.0001 par value – 600,000,000 shares authorized at December 31, 2023 and December 31, 2022; 32,183,695 and 25,123,332 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively; Class B shares, $0.0001 par value – 200,000,000 shares authorized at December 31, 2023 and December 31, 2022, respectively; 5,724,199 and 10,447,927 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 4 4
Additional paid-in capital 629,208 604,387
Accumulated deficit (621,090) (577,858)
Total stockholders’ equity 8,122 26,533
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 150,742 $ 174,045
Temporary equity, shares authorized (in shares) 100,000,000 100,000,000
Class A Common Stock    
Stockholders’ equity:    
Common stock, shares authorized (in shares) 600,000,000 600,000,000
Class B Common Stock    
Stockholders’ equity:    
Common stock, shares authorized (in shares) 200,000,000 200,000,000