| Balance Sheet Components |
Balance Sheet Components Accounts Receivable, Net
Accounts receivable, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
2022 |
|
2021 |
|
(In thousands) |
| Trade Receivables |
$ |
11,884 |
|
|
$ |
12,845 |
|
| Less: Allowances for Doubtful Accounts |
(67) |
|
|
(67) |
|
| Total |
$ |
11,817 |
|
|
$ |
12,778 |
|
Inventories
Inventories consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
2022 |
|
2021 |
|
(In thousands) |
| Raw materials |
$ |
44,682 |
|
|
$ |
16,594 |
|
| Work-in-progress |
17,227 |
|
|
5,885 |
|
| Total |
$ |
61,909 |
|
|
$ |
22,479 |
|
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
2022 |
|
2021 |
|
(In thousands) |
| Prepaid insurance and other |
$ |
2,320 |
|
|
$ |
5,326 |
|
| Vendor prepayments |
4,375 |
|
|
4,132 |
|
| Total |
$ |
6,695 |
|
|
$ |
9,458 |
|
Property and Equipment, Net
Property and equipment, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
2022 |
|
2021 |
|
(In thousands) |
| Computers and software |
$ |
1,848 |
|
|
$ |
1,397 |
|
| R&D lab equipment |
6,079 |
|
|
2,283 |
|
| Equipment and other |
114 |
|
|
— |
|
| Furniture and fixtures |
95 |
|
|
88 |
|
| Leasehold improvements |
13,635 |
|
|
2,771 |
|
| Construction in progress |
— |
|
|
6,273 |
|
| Total property, plant and equipment |
21,771 |
|
|
12,812 |
|
| Less accumulated depreciation and amortization |
(4,054) |
|
|
(2,766) |
|
| Property, plant and equipment, net |
$ |
17,717 |
|
|
$ |
10,046 |
|
Depreciation expense for the three months ended June 30, 2022 and 2021 was $0.7 million and $0.2 million, respectively. Depreciation expense for the six months ended June 30, 2022 and 2021 was $1.2 million and $0.4 million, respectively.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
2022 |
|
2021 |
|
(In thousands) |
| Accrued expenses |
$ |
7,586 |
|
|
$ |
3,015 |
|
| Accrued salaries and benefits |
6,289 |
|
|
4,143 |
|
| Lease liability – current portion |
2,610 |
|
|
2,256 |
|
| Total Accrued expenses and other current liabilities |
$ |
16,485 |
|
|
$ |
9,414 |
|
Other noncurrent liabilities consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
2022 |
|
2021 |
|
(In thousands) |
| Lease liabilities - noncurrent portion |
$ |
7,891 |
|
|
$ |
9,184 |
|
| Other noncurrent liabilities |
983 |
|
|
308 |
|
| Total other noncurrent liabilities |
$ |
8,874 |
|
|
$ |
9,492 |
|
|