XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.23.1

Balance Sheets Components | 3 Months Ended
--- | ---
Mar. 31, 2023
Balance Sheet Related Disclosures [Abstract] |
Balance Sheets Components | Note 4. Balance Sheet Components Accounts Receivable, net Accounts receivable, net consisted of the following:
|  | As of |
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Accounts receivable, gross |  | $ | 21,514 |  |  | $ | 41,279 |
Allowance for credit losses |  |  | (50 | ) |  |  | (50 | )
Accounts receivable, net |  | $ | 21,464 |  |  | $ | 41,229 |
Inventories Inventories consisted of the following:
|  | As of |
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Raw materials |  | $ | 26,111 |  |  | $ | 17,518 |
Work in progress |  |  | 26,037 |  |  |  | 33,687 |
Finished goods |  |  | 7,863 |  |  |  | 6,445 |
Total inventories |  | $ | 60,011 |  |  | $ | 57,650 |
Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following:
|  | As of |
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Prepaid expenses |  | $ | 3,225 |  |  | $ | 3,118 |
Other current assets |  |  | 5,761 |  |  |  | 2,973 |
Total prepaid expenses and other current assets |  | $ | 8,986 |  |  | $ | 6,091 |
Property and Equipment, Net Property and equipment, net consisted of the following:
|  | As of |
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Lab and manufacturing equipment |  | $ | 75,652 |  |  | $ | 73,220 |
Computer equipment |  |  | 3,238 |  |  |  | 3,170 |
Furniture and fixtures |  |  | 563 |  |  |  | 509 |
Construction in progress |  |  | 5,115 |  |  |  | 5,967 |
Leasehold improvements |  |  | 7,365 |  |  |  | 7,129 |
|  |  | 91,933 |  |  |  | 89,995 |
Accumulated depreciation |  |  | (34,446 | ) |  |  | (31,223 | )
Total property and equipment, net |  | $ | 57,487 |  |  | $ | 58,772 |
Depreciation expense related to property and equipment was $3.2 million and $2.1 million for the three months ended March 31, 2023 and 2022, respectively. Intangible Assets, Net Intangible assets, net consisted of the following:
|  | As of |
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
|  | Gross Assets |  |  | Accumulated Amortization |  |  | Net Assets |  |  | Gross Assets |  |  | Accumulated Amortization |  |  | Net Assets |
Internal use software |  | $ | 9,434 |  |  | $ | (8,933 | ) |  | $ | 501 |  |  | $ | 9,434 |  |  | $ | (8,833 | ) |  | $ | 601 |
Purchased software |  |  | 12,772 |  |  |  | (8,473 | ) |  |  | 4,299 |  |  |  | 12,583 |  |  |  | (7,978 | ) |  |  | 4,604 |
Intangible assets |  | $ | 22,206 |  |  | $ | (17,406 | ) |  | $ | 4,800 |  |  | $ | 22,017 |  |  | $ | (16,811 | ) |  | $ | 5,205 |
Amortization expense for intangible assets was $0.6 million and $0.3 million for the three months ended March 31, 2023 and 2022, respectively. The estimated aggregate future amortization expense for intangible assets subject to amortization as of March 31, 2023 is summarized as below:
|  | (in thousands) |
2023 (remainder) |  | $ | 1,803 |
2024 |  |  | 1,711 |
2025 |  |  | 708 |
2026 |  |  | 385 |
2027 |  |  | 193 |
|  | $ | 4,800 |
Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following:
|  | As of |
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Accrued payroll and related benefits |  | $ | 4,801 |  |  | $ | 6,109 |
Revenue reserves |  |  | 2,047 |  |  |  | 1,840 |
Deferred non-recurring engineering services |  |  | 2,628 |  |  |  | 2,689 |
Short term lease liability |  |  | 2,574 |  |  |  | 2,485 |
Other accrued expenses |  |  | 4,970 |  |  |  | 5,790 |
Total accrued expenses and other current liabilities |  | $ | 17,020 |  |  | $ | 18,913 |
The Company recorded reductions to research and development expenses related to non-recurring engineering service arrangements in the condensed consolidated statements of operations of $1.2 million and $2.0 million during the three months ended March 31, 2023 and 2022, respectively.

X
- References No definition available. + Details
Name: | us-gaap_BalanceSheetRelatedDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration