XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statement of Operations and Comprehensive Loss (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Total revenue $ 9,012,000 $ 2,752,000 $ 15,641,000 $ 5,478,000
Cost of revenue        
Total cost of revenue [1] 8,242,000 3,239,000 14,404,000 6,501,000
Operating expenses:        
Research and development [2] 6,989,000 6,930,000 16,604,000 12,534,000
Sales and marketing [2] 5,055,000 2,863,000 8,805,000 7,255,000
General and administrative [2] 9,993,000 3,976,000 27,689,000 9,052,000
Depreciation and amortization 689,000 313,000 1,342,000 586,000
Total operating expenses 22,726,000 14,082,000 54,440,000 29,427,000
Loss from operations (21,956,000) (14,569,000) (53,203,000) (30,450,000)
Other income (expense)        
Change in fair value of derivative liabilities (8,991,000) 0 (12,588,000) 0
Change in fair value of warrant liability (4,795,000) 0 (4,795,000) 0
Loss on extinguishment of debt (1,469,000) 0 (1,469,000) 0
Interest expense, net (2,873,000) (291,000) (6,191,000) (351,000)
Other income (expense) 23,000 (126,000) 84,000 (126,000)
Total other expense (18,105,000) (417,000) (24,959,000) (477,000)
Loss before income taxes (40,061,000) (14,986,000) (78,162,000) (30,927,000)
Income taxes 10,000 0 10,000 0
Net loss (40,071,000) (14,986,000) (78,172,000) (30,927,000)
Other comprehensive income (loss)        
Foreign currency translation adjustment 2,000 0 (5,000) 0
Comprehensive loss $ (40,069,000) $ (14,986,000) $ (78,177,000) $ (30,927,000)
Net loss per common share        
Basic net loss per common share (in dollars per share) $ (0.78) $ (2.11) $ (2.52) $ (4.36)
Diluted net loss per common share (in dollars per share) $ (0.78) $ (2.11) $ (2.52) $ (4.36)
Weighted averages shares outstanding        
Basic weighted average shares outstanding (in shares) 51,256,111 7,106,954 30,960,173 7,089,239
Diluted weighted average shares outstanding (in shares) 51,256,111 7,106,954 30,960,173 7,089,239
Hardware and other related revenue        
Revenue:        
Total revenue $ 7,202,000 $ 1,925,000 $ 12,216,000 $ 3,957,000
Cost of revenue        
Total cost of revenue [1],[2] 8,069,000 3,179,000 14,097,000 6,382,000
Software revenue        
Revenue:        
Total revenue 1,810,000 827,000 3,425,000 1,521,000
Cost of revenue        
Total cost of revenue [1] $ 173,000 $ 60,000 $ 307,000 $ 119,000
[1] Exclusive of depreciation and amortization shown in operating expense below.
[2]
Stock-based compensation expense included in cost of revenue and operating expenses is as follows:

Cost of hardware and other related revenue$16 $$31 $
Research and development98 99 4,096 196 
Sales and marketing43 34 203 71 
General and administrative267 216 10,586 434 
Total stock-based compensation$424 $351 $14,916 $707