Schedule of Balance Sheet Components |
Details of certain balance sheet items are presented below (in thousands):
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December 31, 2022 |
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December 31, 2021 |
Inventory: |
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Raw materials and manufacturing supplies |
$ |
65,968 |
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|
$ |
34,008 |
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Work in process |
248 |
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|
213 |
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Finished goods |
76,745 |
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|
72,689 |
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Total inventory |
$ |
142,961 |
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$ |
106,910 |
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Prepaid Expenses and Other Current Assets: |
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Advance to vendors |
$ |
2,047 |
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$ |
2,984 |
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Prepaid insurance |
5,870 |
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|
8,441 |
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Prepaid value-added taxes |
2,872 |
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|
1,202 |
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Other |
1,162 |
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|
1,534 |
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Total prepaid expenses and other current assets |
$ |
11,951 |
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$ |
14,161 |
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Property, Plant and Equipment: |
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Buildings |
$ |
3,948 |
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$ |
4,021 |
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Leasehold improvements |
2,333 |
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|
2,301 |
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Furniture and fixtures |
344 |
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|
558 |
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Machinery and equipment |
58,314 |
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50,177 |
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Vehicles |
4,106 |
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4,579 |
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Construction in progress |
1,953 |
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|
1,983 |
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Total property, plant and equipment, gross |
70,998 |
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|
63,619 |
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Less: Accumulated depreciation |
(12,152) |
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(1,372) |
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Total property, plant and equipment, net |
$ |
58,846 |
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$ |
62,247 |
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Accrued Expenses and Other Current Liabilities: |
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Accrued bonus |
$ |
3,278 |
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$ |
7,728 |
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Accrued salaries |
2,332 |
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|
900 |
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Accrued employee benefits |
846 |
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|
591 |
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Accrued interest |
8,235 |
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|
5,341 |
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Accrued purchases |
1,790 |
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|
1,930 |
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Accrued taxes |
11,000 |
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|
355 |
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Operating lease liabilities |
3,541 |
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— |
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Other |
1,683 |
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|
2,180 |
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Total accrued expenses and other current liabilities |
$ |
32,705 |
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$ |
19,025 |
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Other Non-Current Liabilities: |
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LaderaTech contingent earn-out |
$ |
7,273 |
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$ |
19,979 |
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Other |
2,049 |
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|
2,216 |
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Total other non-current liabilities |
$ |
9,322 |
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$ |
22,195 |
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