Summary of Balance Sheet Components |
Details of certain balance sheet items are presented below (in thousands):
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March 31, 2022 |
|
December 31, 2021 |
Inventory: |
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Raw materials and manufacturing supplies |
$ |
41,668 |
|
|
$ |
34,008 |
|
Work in process |
235 |
|
|
213 |
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Finished goods |
75,612 |
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|
75,866 |
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Total inventory |
$ |
117,515 |
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|
$ |
110,087 |
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Prepaid Expenses and Other Current Assets: |
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Advance to vendors |
$ |
1,048 |
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|
$ |
2,984 |
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Prepaid insurance |
5,960 |
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|
8,441 |
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Other |
2,893 |
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|
2,736 |
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Total prepaid expenses and other current assets |
$ |
9,901 |
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$ |
14,161 |
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Property, Plant and Equipment: |
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Buildings |
$ |
3,995 |
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$ |
4,021 |
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Leasehold improvements |
2,349 |
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|
2,301 |
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Furniture and fixtures |
556 |
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|
558 |
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Machinery and equipment |
50,748 |
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|
50,177 |
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Vehicles |
4,597 |
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|
4,579 |
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Construction in progress |
2,410 |
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|
1,983 |
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Total property, plant and equipment, gross |
64,655 |
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|
63,619 |
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Less: Accumulated depreciation |
(3,882) |
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|
(1,372) |
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Total property, plant and equipment, net |
$ |
60,773 |
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|
$ |
62,247 |
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Accrued Expenses and Other Current Liabilities: |
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Accrued bonus |
$ |
1,701 |
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|
$ |
7,728 |
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Accrued salaries |
1,227 |
|
|
900 |
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Accrued employee benefits |
563 |
|
|
591 |
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Accrued interest |
14,317 |
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|
5,341 |
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Accrued purchases |
6,487 |
|
|
1,930 |
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Accrued taxes |
1,699 |
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|
355 |
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Accrued construction |
27 |
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|
— |
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Other |
2,521 |
|
|
2,180 |
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Total accrued expenses and other current liabilities |
$ |
28,542 |
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$ |
19,025 |
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Other Non-Current Liabilities: |
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LaderaTech contingent earn-out |
$ |
19,979 |
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$ |
19,979 |
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Other |
2,166 |
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|
2,216 |
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Total other non-current liabilities |
$ |
22,145 |
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$ |
22,195 |
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