Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 81,084 $ 78,376
Restricted cash 11,950 0
Inventory, net 44,132 54,453
Prepaid expenses and other current assets 4,844 8,104
Total current assets 142,010 140,933
Restricted cash 2,951 0
Property and equipment, net 14,530 15,932
Operating lease right-of-use assets 12,362 21,214
Other long-term assets 2,192 4,394
Total assets 174,045 182,473
Current liabilities:    
Accounts payable 10,712 21,346
Accrued expenses 31,354 20,651
Deferred revenue 10,878 11,267
Operating lease liabilities, current 3,705 3,550
Other current liabilities 249 1,650
Debt, current 575 10,750
Total current liabilities 57,473 69,214
Debt, noncurrent 60,620 56,183
Operating lease liabilities, noncurrent 16,192 20,029
Derivative liabilities 13,227 0
Other long-term liabilities 0 5,408
Total liabilities 147,512 150,834
Commitments and contingencies (Note 7)
Convertible preferred stock, $0.0001 par value – 100,000,000 and 115,527,580 shares authorized at December 31, 2022 and December 31, 2021, respectively; 0 and 114,795,034 shares issued and outstanding at December 31, 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 December 31, 2022 and no shares authorized at December 31, 2021; 125,617,015 and no shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively; Class B shares, $0.0001 par value – 200,000,000 and 194,046,918 shares authorized at December 31, 2022 and December 31, 2021, respectively; 52,240,311 and 9,368,167 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 18 1
Additional paid-in capital 604,373 33,863
Accumulated deficit (577,858) (490,143)
Total stockholders’ equity (deficit) 26,533 (456,279)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 174,045 $ 182,473