Summary of Balance Sheet Components |
Details of certain balance sheet items are presented below (in thousands):
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June 30, 2022 |
|
December 31, 2021 |
Inventory: |
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Raw materials and manufacturing supplies |
$ |
64,736 |
|
|
$ |
34,008 |
|
Work in process |
213 |
|
|
213 |
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Finished goods |
58,116 |
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|
75,866 |
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Total inventory |
$ |
123,065 |
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|
$ |
110,087 |
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Prepaid Expenses and Other Current Assets: |
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Advance to vendors |
$ |
33 |
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|
$ |
2,984 |
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Prepaid insurance |
3,510 |
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|
8,441 |
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Other |
3,220 |
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|
2,736 |
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Total prepaid expenses and other current assets |
$ |
6,763 |
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$ |
14,161 |
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Property, Plant and Equipment: |
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Buildings |
$ |
3,912 |
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|
$ |
4,021 |
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Leasehold improvements |
2,337 |
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|
2,301 |
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Furniture and fixtures |
536 |
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|
558 |
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Machinery and equipment |
50,857 |
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|
50,177 |
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Vehicles |
4,531 |
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|
4,579 |
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Construction in progress |
3,673 |
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|
1,983 |
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Total property, plant and equipment, gross |
65,846 |
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|
63,619 |
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Less: Accumulated depreciation |
(6,691) |
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|
(1,372) |
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Total property, plant and equipment, net |
$ |
59,155 |
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$ |
62,247 |
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Accrued Expenses and Other Current Liabilities: |
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Accrued bonus |
$ |
1,961 |
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|
$ |
7,728 |
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Accrued salaries |
2,492 |
|
|
900 |
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Accrued employee benefits |
839 |
|
|
591 |
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Accrued interest |
7,305 |
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|
5,341 |
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Accrued purchases |
6,671 |
|
|
1,930 |
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Accrued taxes |
1,554 |
|
|
355 |
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Other |
2,054 |
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|
2,180 |
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Total accrued expenses and other current liabilities |
$ |
22,876 |
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$ |
19,025 |
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Other Non-Current Liabilities: |
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LaderaTech contingent earn-out |
$ |
10,581 |
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$ |
19,979 |
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Other |
2,062 |
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|
2,216 |
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Total other non-current liabilities |
$ |
12,643 |
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$ |
22,195 |
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