Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets:    
Cash and cash equivalents $ 76,654 $ 27,325
Accounts receivable, net of allowance for credit losses of $ 883 and $945 as of March 31, 2022 and December 31,2021, respectively 18,626 3,723
Contract assets, net 3,609 2,757
Inventory 9,191 7,783
Prepaid expenses and other current assets 6,258 57,639
Total current assets 114,338 99,227
Property, plant and equipment, net 38,334 35,530
Other assets 17,316 639
Total assets 169,988 135,396
Liabilities, mezzanine equity and shareholders' deficit:    
Current portion of long-term debt 7,515 14
Accounts payable 10,833 9,366
Contract liabilities 24,204 17,558
Reserve for anticipated losses on contracts 965 886
Accrued expenses and other current liabilities 13,082 76,136
Total current liabilities 56,599 103,960
Long-term debt 94,929 115,134
Warrant liabilities 35,616 5,631
Other liabilities 16,995 2,028
Total liabilities 204,139 226,753
Commitments and contingencies (Note 12)
Mezzanine equity:    
Redeemable convertible preferred stock - authorized zero and 20,526,878 shares of $0.0001 par value as of March 31, 2022 and December 31, 2021, respectively; issued and outstanding shares of zero and 10,947,686 as of March 31, 2022 and December 31, 2021, respectively 0 8,000
Shareholders' deficit:    
Preferred stock - authorized 50,000,000 and zero shares of $0.0001 par value as of March 31,2022 and December 31,2021,respectively;zero issued and outstanding 0 0
Common stock - authorized 300,000,000 and 151,717,882 shares of $0.0001 par value as of March 31, 2022 and December 31, 2021, respectively; issued and outstanding shares of 137,295,455 and 78,601,283 as of March 31, 2022 and December 31, 2021, respectively 14 8
Additional paid-in capital 234,384 97,737
Accumulated deficit (268,560) (197,066)
Accumulated other comprehensive income (loss) 11 (36)
Total shareholders' deficit (34,151) (99,357)
Total liabilities, mezzanine equity and shareholders' deficit $ 169,988 135,396
Redeemable Convertible Preferred Stock    
Mezzanine equity:    
Redeemable convertible preferred stock - authorized zero and 20,526,878 shares of $0.0001 par value as of March 31, 2022 and December 31, 2021, respectively; issued and outstanding shares of zero and 10,947,686 as of March 31, 2022 and December 31, 2021, respectively   $ 8,000