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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

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- 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

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- 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

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