Annual report pursuant to Section 13 and 15(d)

Condensed Balance Sheets

v3.22.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 171,089 $ 93,857
Accounts receivable 13,291 16,752
Inventories, net 2,641 758
Deferred fulfillment costs (see Note 8 for related party transactions) 7,689 3,461
Prepaid expenses 5,138 804
Other current assets 5,078 132
Total current assets 204,926 115,764
Property and equipment – net 10,874 9,403
Restricted cash 862 1,121
Other non-current assets 22 101
Total assets 216,684 126,389
Current liabilities:    
Accounts payable 6,766 1,681
Accrued expenses 15,659 7,771
Contract liabilities (see Note 8 for related party transactions) 19,216 22,331
Other current liabilities 146 182
Total current liabilities 41,787 31,965
Share-based compensation liability 15,435 3,047
Warrant liability 13,277 0
Other non-current liabilities 1,954 2,057
Total liabilities 72,453 37,069
Commitments and contingencies (Note 13)
Mezzanine equity:    
Redeemable convertible preferred stock - $0.0001 par value; 88,353,093 shares authorized and nil shares issued, and outstanding as of December 31, 2021; and 188,353,093 shares authorized, 165,744,062 shares issued and outstanding as of December 31, 2020; aggregate liquidation preference of $239,477 as of December 31, 2020 (Note 9) 0 223,442
Stockholders' equity (deficit):    
Common stock - Class A shares, $0.0001 par value; 385,000,000 and 261,657,617 shares authorized, 225,428,187 and 28,292,106 shares issued, and 225,428,187 and 21,288,845 outstanding as of December 31, 2021 and December 31, 2020, respectively; Class C shares, par value $0.0001, 5,750,000 and nil shares issued and outstanding as of December 31 2021 and December 30, 2020, respectively 24 3
Additional paid-in capital 449,307 17,578
Accumulated deficit (305,084) (151,704)
Accumulated other comprehensive (loss) income (16) 1
Total stockholders' equity (deficit) 144,231 (134,122)
Total liabilities, mezzanine equity, and stockholders' equity (deficit) $ 216,684 $ 126,389