Annual report pursuant to Section 13 and 15(d)

BALANCE SHEET COMPONENTS

v3.22.1
BALANCE SHEET COMPONENTS
12 Months Ended
Dec. 31, 2021
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):
Successor Predecessor
December 31,
2021
December 31,
2020
Inventory:
Raw materials and manufacturing supplies $ 34,008  $ 25,695 
Work in process 213  306 
Finished goods 75,866  32,783 
Total inventory $ 110,087  $ 58,784 
Prepaid Expenses and Other Current Assets:
Advance to vendors $ 2,984  $ 7,343 
Prepaid insurance 8,441  125 
Other 2,736  3,938 
Total prepaid expenses and other current assets $ 14,161  $ 11,406 
Property, Plant and Equipment:
Buildings $ 4,021  $ 6,768 
Leasehold improvements 2,301  1,146 
Furniture and fixtures 558  416 
Machinery and equipment 50,177  51,286 
Vehicles 4,579  4,311 
Construction in progress 1,983  5,069 
Total property, plant and equipment, gross 63,619  68,996 
Less: Accumulated depreciation (1,372) (20,761)
Total property, plant and equipment, net $ 62,247  $ 48,235 
Accrued Expenses and Other Current Liabilities:
Accrued bonus $ 7,728  $ 4,653 
Accrued salaries 900  2,779 
Accrued employee benefits 591  511 
Accrued interest 5,341  79 
Accrued purchases 1,930  2,347 
Accrued taxes 355  2,905 
Accrued construction —  1,319 
Other 2,180  1,452 
Total accrued expenses and other current liabilities $ 19,025  $ 16,045 
Other Non-Current Liabilities:
LaderaTech contingent earn-out $ 19,979  $ 19,816 
Other 2,216  1,335 
Total other non-current liabilities $ 22,195  $ 21,151 
Depreciation expense related to property, plant and equipment for the Successor Period, 2021 Predecessor Period, 2020 Predecessor Period and 2019 Predecessor Period was $1.4 million, $6.6 million, $6.7 million and $6.9 million, respectively, substantially all of which was presented in cost of goods sold in the accompanying consolidated statements of operations and comprehensive income (loss).