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

Condensed Consolidated Balance Sheets

v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets      
Cash and cash equivalents $ 76,654,000 $ 27,325,000 $ 12,336,000
Accounts receivable, net of allowance for credit losses of $883 and $945 as of March 31, 2022 and December 31, 2021, respectively 18,626,000 3,723,000 2,526,000
Contract assets 3,609,000 2,757,000 1,859,000
Inventory 9,191,000 7,783,000 2,819,000
Prepaid expenses and other current assets 6,258,000 57,639,000 5,216,000
Total Current Assets 114,338,000 99,227,000 24,756,000
Property, plant and equipment, net 38,334,000 35,530,000 19,521,000
Other assets 17,316,000 639,000 0
Total assets 169,988,000 135,396,000 44,277,000
Current liabilities      
Current portion of long-term debt 7,515,000 14,000 1,403,000
Accounts payable 10,833,000 9,366,000 2,904,000
Contract liabilities 24,204,000 17,558,000 18,069,000
Reserve for anticipated losses on contracts 965,000 886,000 2,220,000
Accrued expenses and other current liabilities 13,082,000 76,136,000 2,631,000
Total Current Liabilities 56,599,000 103,960,000 27,227,000
Deferred underwriting fee payable   12,075,000  
Long-term debt 94,929,000 115,134,000 35,629,000
Warrant liabilities 35,616,000 5,631,000 0
Other liabilities 16,995,000 2,028,000 512,000
Total Liabilities 204,139,000 226,753,000 63,368,000
Commitments and contingencies
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 0  
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 14,000 8,000
Additional paid-in capital 234,384,000 97,737,000 7,454,000
Accumulated deficit (268,560,000) (197,066,000) (58,084,000)
Accumulated other comprehensive income (loss) 11,000 (36,000) (204,000)
Non-controlling interest   0 23,743,000
Total shareholders' deficit (34,151,000) (99,357,000) (27,091,000)
Total liabilities, mezzanine equity and shareholders' deficit 169,988,000 135,396,000 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 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 0
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
Additional paid-in capital     24,137
Accumulated deficit   (28,528,523) (6,093)
Total Shareholders' (Deficit) Equity   (28,527,660) 18,907
Total liabilities, mezzanine equity and shareholders' deficit   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 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 8,000,000 8,000,000
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 $ 8,000,000 $ 8,000,000