Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 56,011 $ 168,538
Accounts receivable, net of allowance of $2,028 and $3,349 as of December 31, 2022 and 2021, respectively 9,899 9,172
Inventories 47,066 14,621
Prepaid expenses and other current assets 9,401 7,067
Total current assets 122,377 199,398
Property and equipment, net 11,519 4,891
Operating lease right-of-use asset, net 7,735 8,742
Other assets 1,928 379
Total assets 143,559 213,410
Current liabilities    
Accounts payable 7,961 6,021
Accrued expenses and other current liabilities 6,270 5,045
Warrant liability 60 2,185
Current portion of operating lease obligation 1,649 1,166
Total current liabilities 15,940 14,417
Long-term debt, net of debt discount 62,103 63,768
Operating lease obligation, net of current portion 7,735 9,260
Derivative liability 78 17,418
Earnout liability 2,265 83,144
Other long-term liabilities 880 191
Total liabilities 89,001 188,198
Commitments and contingencies (Note 15)
Stockholders' equity (deficit)    
Preferred stock, par value $0.0001, 1,000,000 shares authorized no shares issued and outstanding as of December 31, 2022 and December 31, 2021 0 0
Common stock, par value $.0001, 250,000,000 shares authorized as of December 31, 2022 and December 31, 2021; 89,843,138 and 75,062,642 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 9 8
Additional paid-in capital 220,943 206,768
Accumulated deficit (166,394) (181,564)
Total stockholders’ equity 54,558 25,212
Total liabilities and stockholders’ equity $ 143,559 $ 213,410