Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Detail (Tables)

v3.22.2
Balance Sheet Detail (Tables)
 6 Months Ended
Jun. 30, 2022
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 and liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021:
As of June 30, 2022
Level 1 Level 2 Level 3 Total
Cash equivalents:
Money market funds
 $ 549,199  $ —  $ —  $ 549,199 
Total cash equivalents
 $ 549,199  $ —  $ —  $ 549,199 
Short-term investments:
U.S. government securities $ —  $ 829,353  $ —  $ 829,353 
Total short-term investments $ —  $ 829,353  $ —  $ 829,353 
Liabilities:
Public warrants $ 4,887  $ —  $ —  $ 4,887 
Private placement warrants —  3,560  —  3,560 
Earnout shares liability —  —  3,923  3,923 
Total liabilities $ 4,887  $ 3,560  $ 3,923  $ 12,370 
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 
Schedule of Derivative Liabilities at Fair Value
Earnout shares liability
Balance as of December 31, 2021
 $ 52,380 
Change in fair value
 (48,457)
Balance as of June 30, 2022
 $ 3,923 
Schedule of Short-term Investments, Amortized Costs and Fair Value
The amortized cost, unrealized gains and estimated fair values of the Company’s short-term investments as of June 30, 2022 was:
As of June 30, 2022
Amortized cost Unrealized losses Fair value
U.S. government securities $ 833,214  $ (3,861) $ 829,353 
Total short-term investments $ 833,214  $ (3,861) $ 829,353 
Property, Plant and Equipment
Property and equipment, net consist of the following as of June 30, 2022 and December 31, 2021:
As of
June 30,
2022		 December 31,
2021
Land
 $ 13,503  $ 13,503 
Furniture and fixtures
 10,976  10,893 
Test and lab equipment
 13,400  11,984 
Leasehold improvements
 64,399  61,173 
Computer and equipment
 8,463  7,839 
Computer software
 3,586  3,321 
Automobile
 5,523  3,444 
Buildings
 1,190  1,040 
121,040  113,197 
Less accumulated depreciation and amortization
 (27,875) (19,680)
Total property and equipment, net
 $ 93,165  $ 93,517 
Schedule of Goodwill
The changes in the carrying amount of goodwill for the six months ended June 30, 2022, are as follows:
Total
Balance as of December 31, 2021:
Goodwill $ 1,113,766 
Accumulated impairment loss — 
Carrying amount of goodwill 1,113,766 
Impairment loss (1,000,081)
Balance as of June 30, 2022:
Goodwill 1,113,766 
Accumulated impairment loss (1,000,081)
Carrying amount of goodwill $ 113,685 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following as of June 30, 2022 and December 31, 2021:
As of
June 30,
2022		 December 31,
2021
Accrued compensation
 $ 30,272  $ 51,401 
Accrued expenses
 17,553  16,074 
Other
 3,517  2,531 
Total accrued expenses and other current liabilities
 $ 51,342  $ 70,006