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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 224,003 $ 122,215
Accounts receivable, net 143,121 162,931
Inventories 524,576 248,745
Prepaid expenses and other current assets 30,476 4,916
Total current assets 922,176 538,807
Property and equipment, net 52,672 33,441
Intangible assets, net 1,710 2,280
Deferred tax assets 3,119 3,119
Other assets 927 3,753
Total assets 980,604 581,400
Current liabilities:    
Accounts payable 251,124 251,658
Accrued expenses and other current liabilities 41,771 71,324
Deferred revenue, current portion 25,681 23,518
Total current liabilities 318,576 346,500
Deferred revenue, net of current portion 4,160 2,758
Other non-current liabilities 4,650 3,217
Total liabilities 327,386 352,475
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding as of September 30, 2021. No shares issued, authorized or outstanding as of December 31, 2020. 0 0
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of September 30, 2021, 222,179,221 shares issued and outstanding as of September 30, 2021; 257,058,262 shares authorized as of December 31, 2020, 208,116,104 shares issued and outstanding as of December 31, 2020. 222 208
Additional paid-in capital 708,496 412,741
Accumulated deficit (55,484) (184,033)
Accumulated other comprehensive income (loss) (16) 9
Total stockholders’ equity 653,218 228,925
Total liabilities and stockholders’ equity $ 980,604 $ 581,400