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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,786 $ 2,593
Accounts receivable, net 20,939 26,281
Inventories 2,773 3,058
Prepaid expenses and other current assets 5,776 5,817
Total current assets 31,274 37,749
Restricted cash 3,829 3,823
Property and equipment, net 4,495 4,317
Operating lease right-of-use assets 1,054 1,235
Other noncurrent assets 198 198
Total assets 40,850 47,322
Current liabilities:    
Accounts payable 10,521 13,122
Accrued expenses and other current liabilities 24,893 27,870
Notes payable, net 29,365 28,657
Deferred revenue, current 2,010 2,423
Short-term debt with CS Solis 35,840 33,280
SAFE Agreements 5,000
Forward purchase agreement liabilities 9,409 3,831
Total current liabilities 117,038 109,183
Warranty provision, noncurrent 3,416 3,416
Warrant liability 3,877 9,817
Deferred revenue, noncurrent 1,055 1,055
Operating lease liabilities, net of current portion 543 664
Total liabilities 125,929 124,135
Commitments and contingencies (Note 16)
Stockholders’ (deficit) equity:    
Common stock, $0.0001 par value; Authorized 1,000,000,000 and 1,000,000,000 shares as of March 31, 2024 and December 31, 2023, respectively; issued and outstanding 49,096,537 and 49,065,361 shares as of March 31, 2024 and December 31, 2023, respectively 7 7
Additional paid-in capital 279,332 277,965
Accumulated other comprehensive loss 98 143
Accumulated deficit (364,516) (354,928)
Total stockholders’ (deficit) equity (85,079) (76,813)
Total liabilities and stockholders’ equity $ 40,850 $ 47,322