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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of revenue information by major geographic area

Revenue by geographic areas is based on the location of the customer. The following is a summary of revenue information by major geographic area:

 

 

Years Ended December 31,

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Domestic

 

$

43,264

 

 

$

24,964

 

 

$

16,987

 

Germany

 

 

6,618

 

 

 

12,157

 

 

 

6,696

 

Belgium

 

 

5,119

 

 

 

4,916

 

 

 

4,152

 

Switzerland

 

 

2,605

 

 

 

4,423

 

 

 

4,000

 

All other countries

 

 

1,143

 

 

 

873

 

 

 

509

 

Total revenues

 

$

58,749

 

 

$

47,333

 

 

$

32,344

 

Schedule of reconciliation of cash and cash equivalents and restricted cash in financial statements

The following table provides a reconciliation of cash and cash equivalents and restricted cash.

 

 

December 31,

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Cash and cash equivalents

 

$

286,487

 

 

$

377,581

 

 

$

6,261

 

Restricted cash

 

 

481

 

 

 

2,316

 

 

 

3,017

 

Total cash and cash equivalents and restricted cash

 

$

286,968

 

 

$

379,897

 

 

$

9,278

 

Schedule of changes in R&D contract asset and contract liability balance

The following table shows the significant changes in the R&D contract asset and contract liability balances.

 

 

December 31,
2021

 

 

December 31, 2020

 

(in thousands)

 

Contract Assets

 

 

Contract Liabilities

 

 

Contract Liabilities

 

Beginning balance

 

$

-

 

 

$

(2,115

)

 

$

(4,240

)

Revenue recognized

 

 

2,128

 

 

 

4,157

 

 

 

4,712

 

Unearned consideration received

 

 

-

 

 

 

(2,256

)

 

 

(2,587

)

Ending balance

 

$

2,128

 

 

$

(214

)

 

$

(2,115

)

 

Schedule of Stock-based compensation expense

The following table sets forth the allocation of our stock-based compensation expense.

 

 

Years Ended December 31,

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Cost of revenue

 

$

109

 

 

$

126

 

 

$

76

 

Selling, general and administrative

 

 

48,782

 

 

 

3,313

 

 

 

5,036

 

Research and development

 

 

7,017

 

 

 

206

 

 

 

159

 

Total stock-based compensation

 

$

55,908

 

 

$

3,645

 

 

$

5,271