Tailwind Two Acquisition Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following as of the dates presented:


	December 31,
(in thousands)	2023		2022
Deferred equity issuance costs	$	245	$	-
Deferred cost of sales		73		2,482
Other current assets		14,525		7,228
Prepaid expenses and other current assets	$	14,843	$	9,710

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of the dates presented:


	December 31,
(in thousands)	2023		2022
Payroll-related accruals	$	8,248	$	5,671
Current operating lease liabilities		1,505		971
Accrued interest		2,116		2,107
Other current liabilities		2,539		2,972
Accrued expenses and other current liabilities	$	14,408	$	11,721

Summary of Individual Customers

The table below presents individual customers who accounted for more than 10% of the Company’s combined accounts receivable, net of allowance for credit losses, and contract assets, net of allowance for credit losses, as of the dates presented:


	December 31,
	2023	2022
Customer A	82%	42%
Customer B	12%	0%
Customer C	0%	12%
Customer D	0%	11%
Total	94%	65%