General form of registration statement for all companies including face-amount certificate companies

Condensed Balance Sheets

v3.22.2
Condensed Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current Assets:      
Cash and cash equivalents $ 74,428,000 $ 78,376,000 $ 176,523,000
Inventory, net 50,559,000 54,453,000 46,580,000
Prepaid expenses and other current assets 11,264,000 8,104,000 4,828,000
Total current assets 136,251,000 140,933,000 227,931,000
Property and equipment, net 16,095,000 15,932,000 15,100,000
Operating lease right-of-use assets 20,471,000 21,214,000 24,234,000
Other long-term assets 5,550,000 4,394,000 2,453,000
TOTAL ASSETS 178,367,000 182,473,000 269,718,000
Current liabilities:      
Accrued costs and expenses 24,208,000 20,651,000 19,810,000
Accounts payable 31,822,000 21,346,000 23,814,000
Deferred revenue 11,426,000 11,267,000 11,119,000
Operating lease liabilities, current 3,724,000 3,550,000 2,955,000
Other current liabilities 894,000 1,650,000 3,522,000
Debt, current 16,720,000 10,750,000 1,918,000
Total current liabilities 88,794,000 69,214,000 63,138,000
Debt, noncurrent 50,034,000 56,183,000 29,782,000
Operating lease liabilities, noncurrent 19,090,000 20,029,000 23,579,000
Other long-term liabilities 3,924,000 5,408,000 4,942,000
Total liabilities 161,842,000 150,834,000 121,441,000
Commitments and Contingencies
Convertible preferred stock, $0.0001 par value – 98,234,236 shares authorized at December 31, 2021 and March 31, 2022; 97,611,343 shares issued and outstanding at December 31, 2021 and March 31, 2022 487,918,000 487,918,000 487,918,000
Contingently redeemable convertible common stock – no and 2,350,427 shares issued and outstanding at December 31, 2021 and March 31, 2022, respectively 27,473,000 0  
Shareholders' Deficit:      
Common stock value 1,000 1,000 1,000
Additional paid-in capital 38,660,000 33,863,000 14,605,000
Accumulated deficit (537,527,000) (490,143,000) (354,247,000)
Total Shareholders' deficit (498,866,000) (456,279,000) (339,641,000)
TOTAL LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS' DEFICIT 178,367,000 182,473,000 269,718,000
Convertible Preferred Stock [Member]      
Current liabilities:      
Convertible preferred stock, $0.0001 par value – 98,234,236 shares authorized at December 31, 2021 and March 31, 2022; 97,611,343 shares issued and outstanding at December 31, 2021 and March 31, 2022 487,918,000 487,918,000  
Class A ordinary shares, $0.001 par value; 200,000,000 shares authorized; 40,250,000 shares subject to possible redemption at a redemption value of $10.00 per share   487,918,000 $ 487,918,000
Virgin Group Acquisition Corp. II [Member]      
Current Assets:      
Cash 79,823 507,233  
Prepaid expenses 615,316 629,106  
Total current assets 695,139 1,136,339  
Prepaid expenses – non-current portion 0 141,333  
Cash and investments held in trust account 402,566,409 402,530,526  
TOTAL ASSETS 403,261,548 403,808,198  
Current liabilities:      
Accrued costs and expenses 2,814,837 2,419,324  
Due to related party 31,667 1,667  
Promissory note – related party 1,000,000 1,000,000  
Total current liabilities 3,846,504 3,420,991  
Derivative warrant liabilities 5,685,730 13,340,010  
Backstop derivative liability 30,234,314    
Deferred underwriters' discount 14,087,500 14,087,500  
Total liabilities 53,854,048 30,848,501  
Commitments and Contingencies  
Class A ordinary shares, $0.001 par value; 200,000,000 shares authorized; 40,250,000 shares subject to possible redemption at a redemption value of $10.00 per share 402,500,000 402,500,000  
Shareholders' Deficit:      
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 0 0  
Additional paid-in capital 0 0  
Accumulated deficit (53,093,506) (29,541,309)  
Total Shareholders' deficit (53,092,500) (29,540,303)  
TOTAL LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS' DEFICIT 403,261,548 403,808,198  
Virgin Group Acquisition Corp. II [Member] | Common Class B      
Shareholders' Deficit:      
Common stock value $ 1,006 $ 1,006