v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 3,656 $ 6,394
Restricted cash, current 3,986 3,905
Inventory 6,805 6,153
Prepaids and other current assets 17,946 16,099
Total current assets 32,393 32,551
Property and equipment, net 380,740 377,100
Restricted cash, non-current 10,600 10,600
Operating lease right-of-use assets 35,372 36,241
Deferred warrant asset 50,175 50,175
Deferred battery supplier cost 30,000 30,000
Other non-current assets 5,396 5,338
Total assets 544,676 542,005
Current liabilities    
Accounts payable 67,770 65,306
Accrued expenses and other current liabilities 65,017 63,901
Convertible debt, current 63,289 51,180
Derivative liability, current 1,604 860
Financing liability, current 3,542 3,200
Total current liabilities 201,222 184,447
Contingent earnout shares liability 15 41
Operating lease liabilities 34,893 35,722
Derivative liability, non-current 15,138 25,919
Financing liability, non-current 28,832 28,910
Warrant liability, non-current 80,314 17,390
Total liabilities 360,414 292,429
Commitments and contingencies (Note 11)
Redeemable preferred stock, $0.0001 par value; 10,000 authorized, 45 shares issued and outstanding as of March 31, 2024, and December 31, 2023 respectively. 6,469 5,607
Stockholders’ equity    
Common stock, $0.0001 par value; 2,000,000 authorized as of March 31, 2024 and December 31, 2023, respectively; 66,406 and 37,591 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively (1) [1] 6 4
Additional paid-in capital (1) [1] 1,770,318 1,725,809
Accumulated deficit (1,592,531) (1,481,844)
Total preferred stock and stockholders’ equity 184,262 249,576
Total liabilities, preferred stock and stockholders’ equity $ 544,676 $ 542,005
[1] Periods presented have been adjusted to reflect the 1-for-23 reverse stock split on March 8, 2024. See Note 1- Organization and Basis of Presentation - Reverse Stock Split, for additional information.

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