XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 474,138 $ 6,942
Accounts receivable, net 17,833 13,572
Inventory, net 27,167 20,843
Other current assets (includes $206 and $123 due from related parties as of June 30, 2021 and December 31, 2020, respectively) 19,199 7,920
Total current assets 538,337 49,277
Energy storage systems, net 118,216 123,703
Contract origination costs, net 11,668 10,404
Goodwill 1,786 1,739
Intangible assets, net 12,387 12,087
Other noncurrent assets 15,945 8,640
Total assets 698,339 205,850
Current liabilities:    
Accounts payable 17,798 13,749
Accrued liabilities 9,177 16,072
Accrued payroll 4,565 5,976
Notes payable, current portion 0 33,683
Convertible promissory notes (includes $— and $45,271 due to related parties as of June 30, 2021 and December 31, 2020, respectively) 0 67,590
Financing obligation, current 15,336 14,914
Deferred revenue, current 37,056 36,942
Other current liabilities (includes $880 and $399 due to related parties as of June 30, 2021 and December 31, 2020, respectively) 1,910 1,589
Total current liabilities 85,842 190,515
Deferred revenue, noncurrent 18,648 15,468
Asset retirement obligation 4,178 4,137
Notes payable, noncurrent 1,719 4,612
Financing obligation, noncurrent 74,496 73,128
Warrant liabilities 303,798 95,342
Lease liability, noncurrent 880 57
Total liabilities 489,561 383,259
Commitments and contingencies
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized as of June 30, 2021 and December 31, 2020, respectively; 0 shares issued and outstanding as of June 30, 2021 and December 31, 2020 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 130,768,055 and 40,202,785 issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 13 4
Additional paid-in capital 799,918 230,620
Accumulated other comprehensive loss (543) (192)
Accumulated deficit (590,610) (407,841)
Total stockholders’ equity (deficit) 208,778 (177,409)
Total liabilities and stockholders’ equity (deficit) $ 698,339 $ 205,850