| Balance Sheet Components |
Balance Sheet Components Accounts Receivable, Net
Accounts receivable, net consisted of the following:
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September 30, |
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December 31, |
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2022 |
|
2021 |
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(In thousands) |
| Trade Receivables |
$ |
20,989 |
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|
$ |
12,845 |
|
| Less: Allowances for Doubtful Accounts |
(67) |
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|
(67) |
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| Total |
$ |
20,922 |
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|
$ |
12,778 |
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Inventories
Inventories consisted of the following:
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September 30, |
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December 31, |
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2022 |
|
2021 |
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(In thousands) |
| Raw materials |
$ |
51,751 |
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|
$ |
16,594 |
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| Work-in-progress |
17,562 |
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|
5,885 |
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| Total |
$ |
69,313 |
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|
$ |
22,479 |
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Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
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September 30, |
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December 31, |
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2022 |
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2021 |
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(In thousands) |
| Prepaid insurance and other |
$ |
1,920 |
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|
$ |
5,326 |
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| Vendor prepayments |
2,703 |
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|
4,132 |
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| Total |
$ |
4,623 |
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$ |
9,458 |
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Property and Equipment, Net
Property and equipment, net consisted of the following:
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September 30, |
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December 31, |
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2022 |
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2021 |
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(In thousands) |
| Computers and software |
$ |
2,084 |
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|
$ |
1,397 |
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| Lab equipment and other equipment |
6,467 |
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|
2,283 |
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| Furniture and fixtures |
181 |
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|
88 |
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| Leasehold improvements |
15,131 |
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|
2,771 |
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| Construction in progress |
171 |
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|
6,273 |
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| Total property, plant and equipment |
24,034 |
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|
12,812 |
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| Less accumulated depreciation and amortization |
(4,826) |
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(2,766) |
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| Property, plant and equipment, net |
$ |
19,208 |
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|
$ |
10,046 |
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Depreciation expense for the three months ended September 30, 2022 and 2021 was $0.9 million and $0.4 million, respectively. Depreciation expense for the nine months ended September 30, 2022 and 2021 was $2.1 million and $0.8 million, respectively.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
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September 30, |
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December 31, |
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2022 |
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2021 |
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(In thousands) |
| Accrued expenses |
$ |
10,711 |
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|
$ |
3,015 |
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| Accrued salaries and benefits |
6,333 |
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|
4,143 |
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| Lease liability – current portion |
2,638 |
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|
2,256 |
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| Total Accrued expenses and other current liabilities |
$ |
19,682 |
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$ |
9,414 |
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Other noncurrent liabilities consisted of the following:
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September 30, |
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December 31, |
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2022 |
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2021 |
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(In thousands) |
| Lease liabilities - noncurrent portion |
$ |
13,214 |
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$ |
9,184 |
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| Other noncurrent liabilities |
1,013 |
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|
308 |
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| Total other noncurrent liabilities |
$ |
14,227 |
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$ |
9,492 |
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