Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 103,791 $ 78,376
Inventory, net 56,045 54,453
Prepaid expenses and other current assets 7,240 8,104
Total current assets 167,076 140,933
Property and equipment, net 15,390 15,932
Operating lease right-of-use assets 18,628 21,214
Other long-term assets 2,097 4,394
Total assets 203,191 182,473
Current liabilities:    
Accounts payable 13,642 21,346
Accrued expenses 35,809 20,651
Deferred revenue 10,816 11,267
Operating lease liabilities, current 3,820 3,550
Other current liabilities 863 1,650
Debt, current 28,447 10,750
Total current liabilities 93,397 69,214
Debt, noncurrent 37,773 56,183
Operating lease liabilities, noncurrent 17,089 20,029
Derivative liabilities 27,737 0
Other long-term liabilities 2,160 5,408
Total liabilities 178,156 150,834
Commitments and contingencies (Note 7)
Convertible preferred stock, $0.0001 par value – 100,000,000 and 115,527,580 shares authorized at September 30, 2022 and December 31, 2021, respectively; no and 114,795,034 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 0 487,918
Stockholders’ equity (deficit):    
Common stock - Class A shares, $0.0001 par value – 600,000,000 shares authorized at September 30, 2022 and no shares authorized at December 31, 2021; 70,039,246 and no shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively; Class B shares, $0.0001 par value – 200,000,000 and 194,046,918 shares authorized at September 30, 2022 and December 31, 2021, respectively; 96,181,701 and 9,368,167 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 16 1
Additional paid-in capital 590,194 33,863
Accumulated deficit (565,175) (490,143)
Total stockholders’ equity (deficit) 25,035 (456,279)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 203,191 $ 182,473