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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 405,189 $ 6,942
Short-term investments 170,795 0
Accounts receivable, net 34,997 13,572
Inventory, net 24,200 20,843
Other current assets (includes $379 and $123 due from related parties as of September 30, 2021 and December 31, 2020, respectively) 16,496 7,920
Total current assets 651,677 49,277
Energy storage systems, net 114,149 123,703
Contract origination costs, net 11,665 10,404
Goodwill 1,741 1,739
Intangible assets, net 13,125 12,087
Operating leases right-of-use assets 13,894 358
Other noncurrent assets 18,716 8,282
Total assets 824,967 205,850
Current liabilities:    
Accounts payable 14,962 13,749
Accrued liabilities 14,024 16,072
Accrued payroll 5,524 5,976
Notes payable, current portion 0 33,683
Convertible promissory notes (includes $— and $45,271 due to related parties as of September 30, 2021 and December 31, 2020, respectively) 0 67,590
Financing obligation, current 14,315 14,914
Deferred revenue, current 27,129 36,942
Other current liabilities (includes $692 and $399 due to related parties as of September 30, 2021 and December 31, 2020, respectively) 2,465 1,589
Total current liabilities 78,419 190,515
Deferred revenue, noncurrent 21,743 15,468
Asset retirement obligation 4,149 4,137
Notes payable, noncurrent 1,675 4,612
Financing obligation, noncurrent 75,384 73,128
Warrant liabilities 0 95,342
Lease liability, noncurrent 12,678 57
Total liabilities 194,048 383,259
Commitments and contingencies
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized as of September 30, 2021 and December 31, 2020, respectively; 0 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 144,285,959 and 40,202,785 issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 14 4
Additional paid-in capital 1,106,220 230,620
Accumulated other comprehensive loss (317) (192)
Accumulated deficit (474,998) (407,841)
Total stockholders’ equity (deficit) 630,919 (177,409)
Total liabilities and stockholders’ equity (deficit) $ 824,967 $ 205,850