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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 16,142 $ 10,359
Restricted cash 3,034 0
Accounts receivable, net 3,353 408
Marketable debt securities, available-for-sale — short-term 94,696 0
Inventories, net 30,883 1,867
Prepaid expenses and other current assets 17,850 56
Total current assets 165,958 12,690
Property and equipment, net 7,426 1,084
Marketable debt securities, available-for-sale — long-term 54,816 0
Other assets 506 0
Total assets 228,706 13,774
Liabilities    
Accounts payable 10,122 1,168
Current portion of equipment loans payable 482 142
Current portion of convertible notes payable 0 18,360
Current portion of derivative liability 0 6,394
Current portion of SAFEs note payable 0 30
Legacy Xos preferred stock warrant liability 0 1,707
Other current liabilities 5,379 5,142
Total current liabilities 15,983 32,943
Equipment loans payable, net of current portion 1,594 166
Earn-out interest liability 29,240 0
Common stock warrant liability 7,496 0
Total liabilities 54,313 33,109
Commitments and contingencies
Legacy Xos preferred stock – $0.0001 par value 0 7,862
Stockholders’ equity (deficit)    
Common Stock $0.0001 par value, authorized 1,000,000 shares, 163,137 and 72,277 shares issued and outstanding at December 31, 2021 and 2020, respectively 16 7
Preferred Stock $0.0001 par value, authorized 10,000 shares, 0 shares issued and outstanding at December 31, 2021 and 2020, respectively 0 0
Additional paid in capital 178,851 290
Accumulated deficit (4,093) (27,494)
Accumulated other comprehensive loss (381) 0
Total stockholders’ equity (deficit) 174,393 (27,197)
Total liabilities, Legacy Xos preferred stock and stockholders’ equity (deficit) $ 228,706 $ 13,774