Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEET COMPONENTS

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BALANCE SHEET COMPONENTS
6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET COMPONENTS BALANCE SHEET COMPONENTS
Details of certain balance sheet items are presented below (in thousands):
June 30,
2022
December 31,
2021
Inventory:
Raw materials and manufacturing supplies $ 64,736  $ 34,008 
Work in process 213  213 
Finished goods 58,116  75,866 
Total inventory $ 123,065  $ 110,087 
Prepaid Expenses and Other Current Assets:
Advance to vendors $ 33  $ 2,984 
Prepaid insurance 3,510  8,441 
Other 3,220  2,736 
Total prepaid expenses and other current assets $ 6,763  $ 14,161 
Property, Plant and Equipment:
Buildings $ 3,912  $ 4,021 
Leasehold improvements 2,337  2,301 
Furniture and fixtures 536  558 
Machinery and equipment 50,857  50,177 
Vehicles 4,531  4,579 
Construction in progress 3,673  1,983 
Total property, plant and equipment, gross 65,846  63,619 
Less: Accumulated depreciation (6,691) (1,372)
Total property, plant and equipment, net $ 59,155  $ 62,247 
Accrued Expenses and Other Current Liabilities:
Accrued bonus $ 1,961  $ 7,728 
Accrued salaries 2,492  900 
Accrued employee benefits 839  591 
Accrued interest 7,305  5,341 
Accrued purchases 6,671  1,930 
Accrued taxes 1,554  355 
Other 2,054  2,180 
Total accrued expenses and other current liabilities $ 22,876  $ 19,025 
Other Non-Current Liabilities:
LaderaTech contingent earn-out $ 10,581  $ 19,979 
Other 2,062  2,216 
Total other non-current liabilities $ 12,643  $ 22,195 
Depreciation expense related to property, plant and equipment was $2.9 million and $5.4 million for the three and six months ended June 30, 2022, respectively, and $1.9 million and $3.8 million for the three and six months ended June 30, 2021, respectively, substantially all of which was presented in cost of goods sold in the accompanying condensed consolidated statements of operations and comprehensive income (loss).
The Company had an allowance for doubtful accounts, included in accounts receivable, net of $0.9 million and $1.0 million as of June 30, 2022 and December 31, 2021, respectively.