XML 118 R99.htm IDEA: XBRL DOCUMENT
v3.22.4

Revenues (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregated revenue | The following table presents disaggregated revenue in the following categories (in thousands):
| Nine months ended September 30,
| 2022 |  | 2021
Contract Types: |  |  |
Joint development agreements | $ | 4,018 |  |  | $ | 10,660 |
Other contract research | 4,100 |  |  | 1,393 |
Research and development revenue | 8,118 |  |  | 12,053 |
Licensing | 1,620 |  |  | 1,518 |
CarbonSmart | 3,413 |  |  | — |
Engineering and other services | 12,630 |  |  | 4,756 |
Carbon capture and transformation revenue | 17,663 |  |  | 6,274 |
Total Revenue | $ | 25,781 |  |  | $ | 18,327 |
The following table presents disaggregation of the Company’s revenues by customer location for the nine months ended September 30, 2022 and 2021 (in thousands):
| Nine months ended September 30,
| 2022 |  | 2021
North America | $ | 12,361 |  |  | $ | 12,725 |
Europe, Middle East, Africa (EMEA) | 7,894 |  |  | 5,210 |
Asia | 4,151 |  |  | 242 |
Australia | 1,375 |  |  | 150 |
Total Revenue | $ | 25,781 |  |  | $ | 18,327 |
The following table presents disaggregated revenue in the following categories (in thousands):
| Year Ended December 31,
| 2021 |  | 2020
| as Restated |  | as Restated
Contract Types: |  |  |
Joint development agreements | $ | 11,700 |  |  | $ | 6,928 |
Other contract research | $ | 2,197 |  |  | 1,982 |
Research and development revenue | $ | 13,897 |  |  | 8,910 |
Licensing | $ | 2,025 |  |  | 1,018 |
Engineering and other services | $ | 9,539 |  |  | 8,425 |
Carbon capture and transformation revenue | $ | 11,564 |  |  | 9,443 |
Total Revenue | $ | 25,461 |  |  | $ | 18,353 |
The following table presents disaggregation of the Company’s revenues by customer location for the years ended December 31, 2021 and 2020 (in thousands):
| Year Ended December 31,
| 2021 |  | 2020
| as Restated |  | as Restated
North America | $ | 15,825 |  |  | $ | 15,732 |
Europe | 7,522 |  |  | 2,117 |
Asia | 1,477 |  |  | 504 |
Australia | 637 |  |  | — |
Total Revenue | $ | 25,461 |  |  | $ | 18,353 |
Changes in contract assets and liabilities | The following table provides changes in contract assets and liabilities (in thousands):
| Current Contract Assets |  | Current Contract Liabilities |  | Non-current Contract Liabilities
Balance as of January 1, 2022 as Restated | $ | 11,700 |  |  | $ | 3,476 |  |  | $ | 13,901 |
Additions to unbilled accounts receivable | 19,355 |  |  | — |  |  | — |
Increases due to cash received | — |  |  | 775 |  |  | 37 |
Unbilled accounts receivable recognized in trade receivables | (16,085) |  |  | — |  |  | — |
Decrease on revaluation on currency | (122) |  |  | — |  |  | (804) |
Reclassification from non-current to current contract liabilities | — |  |  | 2,015 |  |  | (2,015) |
Reclassification to revenue as a result of performance obligations satisfied | — |  |  | (3,298) |  |  | — |
Balance as of September 30, 2022 | $ | 14,848 |  |  | $ | 2,968 |  |  | $ | 11,119 |
The following table provides changes in contract assets and liabilities during the year ended December 31, 2021.
| Current Contract Assets |  | Current Contract Liabilities |  | Non-current Contract Liabilities
Balance as of December 31, 2020 as Restated | $ | 6,186 |  |  | $ | 5,480 |  |  | $ | 11,291 |
Additions to unbilled accounts receivable as Restated | 8,516 |  |  | — |  |  | — |
Increases due to cash received | — |  |  | 20 |  |  | 5,690 |
Unbilled accounts receivable recognized in trade receivables as Restated | (3,002) |  |  | — |  |  | — |
Reclassification from long-term to short-term | — |  |  | 3,080 |  |  | (3,080) |
Reclassification to revenue as a result of performance obligations satisfied | — |  |  | (5,104) |  |  | — |
Balance as of December 31, 2021 | $ | 11,700 |  |  | $ | 3,476 |  |  | $ | 13,901 |
Remaining performance obligations | Remaining performance obligations consisted of the following (in thousands):
| As of
| September 30, 2022 |  | December 31, 2021
Current | $ | 2,968 |  |  | $ | 3,476 |
Non-current | 11,119 |  |  | 13,901 |
Total | $ | 14,087 |  |  | $ | 17,377 |
Remaining performance obligations consisted of the following (in thousands):
| Year Ended December 31,
| 2021 |  | 2020
Current | $ | 3,476 |  |  | $ | 5,480 |
Non-current | 13,901 |  |  | 11,291 |
Total | $ | 17,377 |  |  | $ | 16,771 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration