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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 101,513 $ 7,676
Restricted cash 2,635 2,222
Accounts receivable 4,352 3,767
Current contract assets 50,386 29,782
Prepaid expenses 1,873 479
Other current assets 2,018 205
Deferred transaction costs 0 1,081
Total current assets 162,777 45,212
Property and equipment, net 1,201 299
Operating lease right-of-use assets, net 5,733 0
Non-current contract assets 38,956 33,169
Deferred tax asset, net 85,218 0
Other non-current assets 124 506
Total assets 294,009 79,186
Current liabilities    
Accounts payable 3,442 1,337
Accrued expenses 3,033 2,006
Income tax payable 1,640 0
Current notes payable 4,888 2,484
Other current liabilities 4,005 2,366
Total current liabilities 17,008 8,193
Non-current notes payable, net of debt issuance costs 152,859 829
Non-current operating lease liabilities 5,138 0
Other non-current liabilities 92,382 0
Total liabilities 267,387 9,022
Commitments and contingencies - See Note 15
Redeemable convertible Series C preferred units, 0 and 14,278,603 units issued and outstanding as of December 31, 2020 and 2019, respectively; aggregate liquidation preference of $0 and $40,089,539 as of December 31, 2020 and 2019, respectively 0 304,943
Stockholders’ equity (deficit)    
Preferred stock, $0.01 par value; 10,000,000 shares authorized and 0 shares issued and outstanding as of December 31, 2020 and 2019, respectively 0 0
Common stock, $0.01 par value; 550,000,000 shares authorized, 128,198,185 shares issued and 126,803,096 shares outstanding as of December 31, 2020, and 37,631,052 shares issued and outstanding as of December 31, 2019 1,282 376
Additional paid-in capital 491,246 7,626
Accumulated deficit (428,406) (242,781)
Treasury stock at cost, 1,395,089 shares at December 31, 2020, and 0 shares at December 31, 2019 (37,500) 0
Total stockholders’ equity (deficit) 26,622 (234,779)
Total liabilities and stockholders’ equity (deficit) $ 294,009 $ 79,186