| Summary of Balance Sheet Components |
Details of certain balance sheet items are presented below (in thousands):
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March 31,
2023 |
|
December 31,
2022 |
| Inventory: |
|
|
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| Raw materials and manufacturing supplies |
$ |
75,777 |
|
|
$ |
65,968 |
|
| Work in process |
262 |
|
|
248 |
|
| Finished goods |
80,218 |
|
|
76,745 |
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| Total inventory |
$ |
156,257 |
|
|
$ |
142,961 |
|
|
|
|
|
| Prepaid Expenses and Other Current Assets: |
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|
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| Advance to vendors |
$ |
2,208 |
|
|
$ |
2,047 |
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| Prepaid insurance |
4,228 |
|
|
5,870 |
|
| Prepaid value-added taxes |
3,537 |
|
|
2,872 |
|
| Other |
1,653 |
|
|
1,162 |
|
| Total prepaid expenses and other current assets |
$ |
11,626 |
|
|
$ |
11,951 |
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| Property, Plant and Equipment: |
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| Buildings |
$ |
3,966 |
|
|
$ |
3,948 |
|
| Leasehold improvements |
2,699 |
|
|
2,333 |
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| Furniture and fixtures |
514 |
|
|
344 |
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| Machinery and equipment |
58,701 |
|
|
58,314 |
|
| Vehicles |
3,995 |
|
|
4,106 |
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| Construction in progress |
2,402 |
|
|
1,953 |
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| Total property, plant and equipment, gross |
72,277 |
|
|
70,998 |
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| Less: Accumulated depreciation |
(13,056) |
|
|
(12,152) |
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| Total property, plant and equipment, net |
$ |
59,221 |
|
|
$ |
58,846 |
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|
|
|
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| Accrued Expenses and Other Current Liabilities: |
|
|
|
| Accrued bonus |
$ |
82 |
|
|
$ |
3,278 |
|
| Accrued salaries |
2,608 |
|
|
2,332 |
|
| Accrued employee benefits |
1,005 |
|
|
846 |
|
| Accrued interest |
17,351 |
|
|
8,235 |
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| Accrued purchases |
5,188 |
|
|
1,790 |
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| Accrued taxes |
5,501 |
|
|
11,000 |
|
| Operating lease liabilities |
3,278 |
|
|
3,541 |
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| Other |
926 |
|
|
1,683 |
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| Total accrued expenses and other current liabilities |
$ |
35,939 |
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|
$ |
32,705 |
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| Other Non-Current Liabilities: |
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|
| LaderaTech contingent earn-out |
$ |
7,519 |
|
|
$ |
7,273 |
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| Other |
2,105 |
|
|
2,049 |
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| Total other non-current liabilities |
$ |
9,624 |
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|
$ |
9,322 |
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