Prepaids and other current assets consisted of the following as of December 31, 2021 and June 30, 2022:
|
|
December 31,
2021 |
|
|
June 30,
2022 |
|
|
|
(in thousands) |
|
Prepaid inventory |
|
$ |
4,137 |
|
|
$ |
3,498 |
|
Restricted cash |
|
|
7,998 |
|
|
|
2,274 |
|
Prepaid insurance |
|
|
2,440 |
|
|
|
287 |
|
Consulting fees |
|
|
2,263 |
|
|
|
— |
|
Prepaid logistics costs |
|
|
2,865 |
|
|
|
1,755 |
|
Right-of-Use-Asset (1) |
|
|
— |
|
|
|
421 |
|
Other |
|
|
1,331 |
|
|
|
2,607 |
|
Prepaid and other current assets |
|
$ |
21,034 |
|
|
$ |
10,842 |
|
|
(1) |
On January 1, 2022, the Company recorded an aggregate of approximately $0.7 million of right-of-use assets and corresponding $0.7 million of lease liabilities upon adoption of ASC 842. Current Right-of-use assets of $0.4 million and corresponding lease liabilities are included in the prepaid and other current assets and accrued and other current liabilities line item respectively on the condensed consolidated balance sheets. See the discussion for the adoption of the lease accounting standard described in Note 2. |
|