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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 60,731 $ 190,081
Restricted cash 957 0
Investments, available-for-sale (amortized cost of $125,310 and $32,349, respectively) 115,142 32,332
Receivables 5,742 3,896
Prepaid and other current assets 7,222 874
Total current assets 189,794 227,183
Operating lease right-of-use assets 15,550 16,093
Property, plant, and equipment, net of accumulated depreciation of $1,454 and $707, respectively 6,470 4,102
Goodwill 984 4,204
Intangible assets, net of accumulated amortization of $60 and $27, respectively 3,555 147
Restricted cash 1,500 1,500
Other long-term assets 19,724 4,219
Total assets 237,577 257,448
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Trade payables 3,916 4,645
Contract liabilities 8,521 513
Contract loss provisions 30,923 397
Accrued expenses and other current liabilities 5,794 6,974
Total current liabilities 49,154 12,529
Debt 26 35
Operating lease liabilities, net of current portion 14,785 14,183
Warrant liability 2,253 14,563
Other long-term liabilities 2,413 2,080
Total liabilities 68,631 43,390
Commitments and contingencies (see Note 10)
Convertible preferred stock – $0.0001 par value; 10,000,000 shares authorized and no shares outstanding as of June 30, 2022 and December 31, 2021 0 0
Shareholders’ equity    
Common stock, $0.0001 par value; 500,000,000 shares authorized; 190,093,226 shares issued and outstanding (excluding restricted shares of 217,060) as of June 30, 2022 and 183,367,037 shares issued and outstanding (excluding restricted shares of 481,301) as of December 31, 2021 19 18
Additional paid-in capital 415,526 380,624
Accumulated other comprehensive loss (834) (4)
Accumulated deficit (245,765) (166,580)
Total shareholders’ equity 168,946 214,058
Total liabilities, convertible preferred stock and shareholders’ equity $ 237,577 $ 257,448