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