Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Cash and cash equivalents $ 93,561 $ 27,325
Accounts receivable, net of allowance for credit losses of [$234] and $945 as of December 31, 2022 and 2021, respectively 4,754 3,723
Contract assets, net 6,763 2,757
Inventory 24,133 7,783
Prepaid expenses and other current assets 9,710 57,639
Total current assets 138,921 99,227
Property, plant, and equipment, net 24,743 35,530
Other assets 18,990 639
Total assets 182,654 135,396
Liabilities, mezzanine equity and shareholders' deficit:    
Current portion of long-term debt 7,739 14
Accounts payable 21,188 9,366
Contract liabilities 27,228 17,558
Reserve for anticipated losses on contracts 2,860 886
Accrued expenses and other current liabilities 11,721 76,136
Total current liabilities 70,736 103,960
Long-term debt 142,620 115,134
Warrant and derivative liabilities 39,950 5,631
Other liabilities 20,769 2,028
Total liabilities 274,075 226,753
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 December 31, 2022 and 2021, respectively; issued and outstanding shares of zero and 10,947,686 as of December 31, 2022 and 2021, respectively 8,000
Shareholders' deficit:    
Preferred stock - authorized 50,000,000 and zero shares of $0.0001 par value as of December 31, 2022 and 2021, respectively; zero issued and outstanding
Common stock - authorized 300,000,000 and 151,717,882 shares of $0.0001 par value as of December 31, 2022 and 2021, respectively; issued and outstanding shares of 142,503,771 and 78,601,283 as of December 31, 2022 and 2021, respectively 14 8
Additional paid-in capital 269,574 97,737
Accumulated deficit (361,168) (197,066)
Accumulated other comprehensive income (loss) 159 (36)
Total shareholders' deficit (91,421) (99,357)
Total liabilities, mezzanine equity and shareholders' deficit $ 182,654 135,396
Redeemable Convertible Preferred Stock    
Mezzanine equity:    
Redeemable convertible preferred stock - authorized zero and 20,526,878 shares of $0.0001 par value as of December 31, 2022 and 2021, respectively; issued and outstanding shares of zero and 10,947,686 as of December 31, 2022 and 2021, respectively   $ 8,000