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

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current Assets:        
Cash and cash equivalents $ 132,393,000   $ 78,376,000 $ 176,523,000
Inventory, net 53,494,000   54,453,000 46,580,000
Prepaid expenses and other current assets 7,491,000   8,104,000 4,828,000
Total current assets 193,378,000   140,933,000 227,931,000
Property and equipment, net 15,831,000   15,932,000 15,100,000
Operating lease right-of-use assets 19,581,000   21,214,000 24,234,000
Other long-term assets 1,249,000   4,394,000 2,453,000
TOTAL ASSETS 230,039,000   182,473,000 269,718,000
Current liabilities:        
Accrued costs and expenses 40,830,000   20,651,000 19,810,000
Accounts payable 17,714,000   21,346,000 23,814,000
Deferred revenue 12,575,000   11,267,000 11,119,000
Operating lease liabilities, current 3,788,000   3,550,000 2,955,000
Other current liabilities 854,000   1,650,000 3,522,000
Debt, current 22,708,000   10,750,000 1,918,000
Total current liabilities 98,469,000   69,214,000 63,138,000
Derivative warrant liabilities 76,686,000   0  
Debt, noncurrent 43,694,000   56,183,000 29,782,000
Operating lease liabilities, noncurrent 18,106,000   20,029,000 23,579,000
Other long-term liabilities 1,562,000   5,408,000 4,942,000
Total liabilities 238,517,000   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
Shareholders' Deficit:        
Common stock value 16,000   1,000 1,000
Additional paid-in capital 564,343,000   33,863,000 14,605,000
Accumulated deficit (572,837,000)   (490,143,000) (354,247,000)
Total Shareholders' deficit (8,478,000)   (456,279,000) (339,641,000)
TOTAL LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS' DEFICIT $ 230,039,000   182,473,000 $ 269,718,000
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