Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Cash and cash equivalents $ 62,299 $ 27,325
Accounts receivable, net of allowance for credit losses of $657 and $945 as of June 30, 2022 and December 31, 2021, respectively 10,076 3,723
Contract assets, net 7,488 2,757
Inventory 12,337 7,783
Prepaid expenses and other current assets 10,114 57,639
Total current assets 102,314 99,227
Property, plant and equipment, net 42,615 35,530
Other assets 20,409 639
Total assets 165,338 135,396
Liabilities, mezzanine equity and shareholders' deficit:    
Current portion of long-term debt 7,515 14
Accounts payable 17,335 9,366
Contract liabilities 33,351 17,558
Reserve for anticipated losses on contracts 1,374 886
Accrued expenses and other current liabilities 14,495 76,136
Total current liabilities 74,070 103,960
Long-term debt 96,479 115,134
Warrant liabilities 27,439 5,631
Other liabilities 19,884 2,028
Total liabilities 217,872 226,753
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 June 30, 2022 and December 31, 2021, respectively; issued and outstanding shares of zero and 10,947,686 as of June 30, 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 June 30, 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 June 30, 2022 and December 31, 2021, respectively; issued and outstanding shares of 135,590,808 and 78,601,283 as of June 30, 2022 and December 31, 2021, respectively 14 8
Additional paid-in capital 248,133 97,737
Accumulated deficit (300,834) (197,066)
Accumulated other comprehensive income (loss) 153 (36)
Total shareholders' deficit (52,534) (99,357)
Total liabilities, mezzanine equity and shareholders' deficit $ 165,338 135,396
Redeemable Convertible Preferred Stock    
Mezzanine equity:    
Redeemable convertible preferred stock - authorized zero and 20,526,878 shares of $0.0001 par value as of June 30, 2022 and December 31, 2021, respectively; issued and outstanding shares of zero and 10,947,686 as of June 30, 2022 and December 31, 2021, respectively   $ 8,000