Annual report pursuant to Section 13 and 15(d)

Balance Sheet Detail (Tables)

v3.22.0.1
Balance Sheet Detail (Tables)
12 Months Ended
Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value, Assets Measured on Recurring Basis
The following table summarizes the Company’s fair value hierarchy for its financial assets measured at fair value on a recurring bases as of December 31, 2021 and 2020:
As of December 31, 2021
Level 1   Level 2     Level 3   Total
Cash equivalents:
Money market funds
$ 1,609,919  $ —  $ —  $ 1,609,919 
Total cash equivalents
$ 1,609,919  $ —  $ —  $ 1,609,919 
Liabilities:
Public warrants 37,999 37,999
Private placement warrants 27,679 27,679
Earnout Shares liability 52,380 52,380
Total liabilities $ 37,999  $ 27,679  $ 52,380  $ 118,058 
As of December 31, 2020
Level 1 Level 2   Level 3   Total
Cash equivalents:
Money market funds
$ 387,464  $ —  $ —  $ 387,464 
Total cash equivalents
$ 387,464  $ —  $ —  $ 387,464 
Property, Plant and Equipment
Property and equipment consist of the following at December 31:
2021 2020
Land $ 13,503  $ — 
Furniture and fixtures
10,893  4,209 
Test and lab equipment
11,984  3,787 
Leasehold improvements
61,173  3,609 
Computers and equipment
7,839  2,121 
Computer software
3,321  1,941 
Automobile
3,444  520 
Buildings 1,040  — 
113,197  16,187 
Less accumulated depreciation and amortization
(19,680) (5,290)
Total property and equipment, net
$ 93,517  $ 10,897 
Schedule of Other Assets
Other assets consist of the following at December 31:
2021 2020
Long-term prepaid expenses and other assets
$ 4,631  $ 15,507 
Equity method investment 16,088  — 
Security deposits
331  124 
Total other assets
$ 21,050  $ 15,631 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following at December 31:
2021 2020
Accrued expenses
$ 16,074  $ 3,412 
Accrued compensation
51,401  13,938 
Other
2,531  1,418 
Total accrued expenses and other current liabilities
$ 70,006  $ 18,768