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

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 27,325,000 $ 12,336,000
Prepaid expenses and other current assets 57,639,000 5,216,000
Total Current Assets 99,227,000 24,756,000
Accounts receivable, net of allowance for credit losses of $945 and $635 as of December 31, 2021 and 2020, respectively 3,723,000 2,526,000
Contract assets 2,757,000 1,859,000
Inventory 7,783,000 2,819,000
Property, plant and equipment, net 35,530,000 19,521,000
Other assets 639,000 0
TOTAL ASSETS 135,396,000 44,277,000
Current liabilities    
Current portion of long-term debt 14,000 1,403,000
Accounts payable 9,366,000 2,904,000
Contract liabilities 17,558,000 18,069,000
Reserve for anticipated losses on contracts 886,000 2,220,000
Accrued expenses and other current liabilities 76,136,000 2,631,000
Total Current Liabilities 103,960,000 27,227,000
Deferred underwriting fee payable 12,075,000  
Long-term debt 115,134,000 35,629,000
Warrant liabilities 5,631,000 0
Other liabilities 2,028,000 512,000
Total Liabilities 226,753,000 63,368,000
Commitments and contingencies
Shareholders' deficit:    
Common stock 0 0
Additional paid-in capital 97,745,000 7,454,000
Accumulated deficit (197,066,000) (58,084,000)
Accumulated other comprehensive loss (36,000) (204,000)
Non-controlling interest 0 23,743,000
Total shareholders' deficit (99,357,000) (27,091,000)
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY 135,396,000 44,277,000
TAILWIND TWO ACQUISITION CORP.    
Current assets    
Cash and cash equivalents 1,552,520  
Prepaid expenses and other current assets 467,371  
Total Current Assets 2,019,891  
Deferred offering costs   197,790
Investments held in Trust Account 345,089,823  
TOTAL ASSETS 347,109,714 197,790
Current liabilities    
Accounts payable and accrued expenses 2,140,014 6,093
Accrued offering costs 12,000 120,540
Advances from related party 5,360  
Promissory note - related party   52,250
Total Current Liabilities 2,157,374 178,883
Warrant liabilities 16,405,000  
Deferred underwriting fee payable 12,075,000  
Total Liabilities 30,637,374 178,883
Commitments and contingencies
Mezzanine equity:    
Redeemable convertible preferred stock - authorized 744,130 shares of $0.0001 par value; issued and outstanding shares of 396,870 as of December 31, 2021 and 2020 0 0
Shareholders' deficit:    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital   24,137
Accumulated deficit (28,528,523) (6,093)
Total Shareholders' (Deficit) Equity (28,527,660) 18,907
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY 347,109,714 197,790
Class A Ordinary shares subject to possible redemption | TAILWIND TWO ACQUISITION CORP.    
Current liabilities    
Class A ordinary shares subject to possible redemption, $0.0001 par value, 34,500,000 and no shares issued and outstanding at $10.00 per share redemption value as of December 31, 2021 and 2020, respectively 345,000,000  
Common Class B [Member] | TAILWIND TWO ACQUISITION CORP.    
Shareholders' deficit:    
Common stock 863 863
Redeemable convertible preferred stock [Member]    
Mezzanine equity:    
Redeemable convertible preferred stock - authorized 744,130 shares of $0.0001 par value; issued and outstanding shares of 396,870 as of December 31, 2021 and 2020 8,000,000 8,000,000
Shareholders' deficit:    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding $ 8,000,000 $ 8,000,000