Annual report pursuant to Section 13 and 15(d)

BALANCE SHEET COMPONENTS

v3.22.4
BALANCE SHEET COMPONENTS
 12 Months Ended
Dec. 31, 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):
December 31, 2022 December 31, 2021
Inventory:
Raw materials and manufacturing supplies $ 65,968  $ 34,008 
Work in process 248  213 
Finished goods 76,745  72,689 
Total inventory $ 142,961  $ 106,910 
Prepaid Expenses and Other Current Assets:
Advance to vendors $ 2,047  $ 2,984 
Prepaid insurance 5,870  8,441 
Prepaid value-added taxes 2,872  1,202 
Other 1,162  1,534 
Total prepaid expenses and other current assets $ 11,951  $ 14,161 
Property, Plant and Equipment:
Buildings $ 3,948  $ 4,021 
Leasehold improvements 2,333  2,301 
Furniture and fixtures 344  558 
Machinery and equipment 58,314  50,177 
Vehicles 4,106  4,579 
Construction in progress 1,953  1,983 
Total property, plant and equipment, gross 70,998  63,619 
Less: Accumulated depreciation (12,152) (1,372)
Total property, plant and equipment, net $ 58,846  $ 62,247 
Accrued Expenses and Other Current Liabilities:
Accrued bonus $ 3,278  $ 7,728 
Accrued salaries 2,332  900 
Accrued employee benefits 846  591 
Accrued interest 8,235  5,341 
Accrued purchases 1,790  1,930 
Accrued taxes 11,000  355 
Operating lease liabilities 3,541  — 
Other 1,683  2,180 
Total accrued expenses and other current liabilities $ 32,705  $ 19,025 
Other Non-Current Liabilities:
LaderaTech contingent earn-out $ 7,273  $ 19,979 
Other 2,049  2,216 
Total other non-current liabilities $ 9,322  $ 22,195 
Depreciation expense related to property, plant and equipment for the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period was $10.7 million, $1.4 million, $6.6 million, and $6.7 million, respectively, substantially all of which was presented in cost of goods sold in the accompanying consolidated statements of operations and comprehensive income (loss).