Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 132,393 $ 78,376
Inventory, net 53,494 54,453
Prepaid expenses and other current assets 7,491 8,104
Total current assets 193,378 140,933
Property and equipment, net 15,831 15,932
Operating lease right-of-use assets 19,581 21,214
Other long-term assets 1,249 4,394
Total assets 230,039 182,473
Current liabilities:    
Accounts payable 17,714 21,346
Accrued expenses 40,830 20,651
Deferred revenue 12,575 11,267
Operating lease liabilities, current 3,788 3,550
Other current liabilities 854 1,650
Debt, current 22,708 10,750
Total current liabilities 98,469 69,214
Debt, noncurrent 43,694 56,183
Operating lease liabilities, noncurrent 18,106 20,029
Derivative liabilities 76,686 0
Other long-term liabilities 1,562 5,408
Total liabilities 238,517 150,834
Commitments and contingencies (Note 7)
Convertible preferred stock, $0.0001 par value – 100,000,000 and 115,527,580 shares authorized at June 30, 2022 and December 31, 2021, respectively; no and 114,795,034 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 0 487,918
Stockholders’ deficit:    
Common stock - Class A shares, $0.0001 par value – 600,000,000 shares authorized at June 30, 2022 and no shares authorized at December 31, 2021; 38,513,779 and no shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively; Class B shares, $0.0001 par value – 200,000,000 and 194,046,918 shares authorized at June 30, 2022 and December 31, 2021, respectively; 124,355,978 and 9,368,167 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 16 1
Additional paid-in capital 564,343 33,863
Accumulated deficit (572,837) (490,143)
Total stockholders’ deficit (8,478) (456,279)
Total liabilities, convertible preferred stock and stockholders’ deficit $ 230,039 $ 182,473