XML 29 R15.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Financial Statement Components | 12 Months Ended
--- | ---
Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Financial Statement Components | Financial Statement Components Cash and Cash Equivalents Cash and cash equivalents consisted of the following (in thousands):
| December 31,
| 2021 |  | 2020
Cash | $ | 303,373 |  |  | $ | 10,652 |
Money market funds | 25,654 |  |  | 64,971 |
U.S. treasury securities | — |  |  | 24,999 |
Commercial paper | 950 |  |  | 108,322 |
Total cash and cash equivalents | $ | 329,977 |  |  | $ | 208,944 |
Inventory Inventory consisted of the following (in thousands):
| December 31,
| 2021 |  | 2020
Raw materials | $ | 5,866 |  |  | $ | 625 |
Work-in-process | 1,171 |  |  | 52 |
Finished goods | 3,305 |  |  | 2,936 |
Total inventory | $ | 10,342 |  |  | $ | 3,613 |
The Company’s inventory write-down (primarily due to obsolescence, lower of cost or market assessment, and other adjustments) was $2.9 million, $4.4 million and $1.4 million during the years ended December 31, 2021, 2020 and 2019, respectively. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands):
| December 31,
| 2021 |  | 2020
Prepaid expenses | $ | 14,651 |  |  | $ | 1,073 |
Contract assets | 9,907 |  |  | — |
Advance payments to vendors | 1,810 |  |  | 961 |
Prepaid rent and other | — |  |  | 503 |
Other receivables | 2,827 |  |  | 2,260 |
Total prepaid expenses and other current assets | $ | 29,195 |  |  | $ | 4,797 |
Property and Equipment Property and equipment consisted of the following (in thousands):
| December 31,
| 2021 |  | 2020
Machinery and equipment | $ | 7,694 |  |  | $ | 5,940 |
Computer hardware and software | 2,854 |  |  | 2,450 |
Demonstration fleet and demonstration units | 811 |  |  | 1,821 |
Leasehold improvements | 869 |  |  | 791 |
Vehicles | 1,610 |  |  | 835 |
Furniture and fixtures | 272 |  |  | 293 |
Construction in progress | 3,677 |  |  | 1,410 |
Total property and equipment | 17,787 |  |  | 13,540 |
Accumulated depreciation and amortization | (6,778) |  |  | (5,851) |
Total property and equipment, net | $ | 11,009 |  |  | $ | 7,689 |
Depreciation and amortization associated with property and equipment was $3.9 million, $2.5 million and $2.3 million for the years ended December 31, 2021, 2020 and 2019, respectively. Property and equipment capitalized under finance lease (capital lease prior to adoption of ASC 842) were not material. Intangible Assets Intangible assets were acquired in connection with the Company’s acquisition of OptoGration in August 2021. See Note 3 for further details of the OptoGration acquisition. The components of intangible assets were as follows (in thousands):
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Period (Years)
Customer relationships |  | $ | 780 |  |  | $ | (33) |  |  | $ | 747 |  |  | 9.6
Tradename |  | 120 |  |  | (120) |  |  | — |  |  | — |
Developed technology |  | 1,750 |  |  | (73) |  |  | 1,677 |  |  | 9.6
Total intangible assets |  | $ | 2,650 |  |  | $ | (226) |  |  | $ | 2,424 |  |  | 9.6
Amortization expense related to intangible assets was $0.2 million for the year ended December 31, 2021. As of December 31, 2021, the expected future amortization expense for intangible assets was as follows (in thousands):
Period |  | Expected Future Amortization Expense
2022 |  | $ | 253 |
2023 |  | 253 |
2024 |  | 253 |
2025 |  | 253 |
2026 |  | 253 |
Thereafter |  | 1,159 |
Total |  | $ | 2,424 |
Goodwill The carrying amount of goodwill allocated to the Company’s reportable segments was as follows (in thousands):
| Autonomy Solutions |  | Components |  | Total
As of December 31, 2021 | $ | 687 |  |  | $ | 2,423 |  |  | $ | 3,110 |
As of December 31, 2020 | $ | 687 |  |  | $ | 14 |  |  | $ | 701 |
Other Non-Current Assets Other non-current assets consisted of the following (in thousands):
| December 31,
| 2021 |  | 2020
Security deposits | $ | 1,187 |  |  | $ | 1,106 |
Non-marketable equity investment | 10,002 |  |  | — |
Other non-current assets | 1,266 |  |  | 45 |
Total other non-current assets | $ | 12,455 |  |  | $ | 1,151 |
Accrued and Other Current Liabilities Accrued and other current liabilities consisted of the following (in thousands):
| December 31,
| 2021 |  | 2020
Accrued compensation and benefits | $ | 9,899 |  |  | $ | 3,071 |
Accrued expenses | 6,727 |  |  | 3,998 |
Warranty reserves | 1,798 |  |  | 259 |
Contract liabilities | 898 |  |  | 2,284 |
Accrued interest payable | 316 |  |  | — |
Contract losses | 115 |  |  | 558 |
Finance lease liabilities (capital lease liabilities prior to adoption of ASC 842), current | 91 |  |  | 282 |
Total accrued and other current liabilities | $ | 19,844 |  |  | $ | 10,452 |
Other Non-Current Liabilities Other non-current liabilities consisted of the following (in thousands):
| December 31,
| 2021 |  | 2020
Deferred rent | $ | — |  |  | $ | 826 |
Finance lease liabilities (capital lease liabilities prior to adoption of ASC 842), non-current | — |  |  | 492 |
Other non-current liabilities | 598 |  |  | — |
Total other non-current liabilities | $ | 598 |  |  | $ | 1,318 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://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