Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Summary of reconciliation of cash and cash equivalents
The reconciliation of cash, cash equivalents and restricted cash reported within the applicable condensed consolidated balance sheets that sum to the total of the same such amount shown in the condensed consolidated statements of cash flows is as follows:
September 30,
2022
September 30,
2021
Cash and cash equivalents $ 46,941  $ 90,108 
Restricted cash 136  143 
$ 47,077  $ 90,251 
Summary of useful lives of property plant and equipment Depreciation is recognized using the straight-line method in amounts considered to be sufficient to allocate the cost of the assets to operations over the estimated useful lives or lease terms, as follows:
Asset Category Depreciable Life
Machinery and equipment
5 to 10 years
Computers and IT equipment
3 to 10 years
Furniture and fixtures
7 to 10 years
Vehicles 10 years
Leasehold improvements **
** Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or estimated useful life of the asset.
Schedule of earnings per share A reconciliation of net (loss) income and net loss attributable to common stockholders and number of shares used in computing basic and diluted net (loss) income and net loss attributable to common stockholders per share is as follows:
  Three Months Ended September 30, Nine Months Ended September 30,
  2022 2021 2022 2021
Basic and Diluted net (loss) income per share computation:
Numerator for basic and diluted net loss per share:
Net (loss) income $ (4,550) $ 2,552  $ (13,261) $ 4,125 
Net loss attributable to common stockholders $ (4,550) $ (15,580) $ (13,261) $ (14,007)
Denominator for basic and diluted net loss per share:
Weighted average common shares - basic and diluted 53,185,561  37,932,345  52,985,344  37,351,244 
Basic and diluted net (loss) income per share $ (0.09) $ 0.07  $ (0.25) $ 0.11 
Basic and diluted net loss per share attributable to common stockholders $ (0.09) $ (0.41) $ (0.25) $ (0.38)
Summary of common stock equivalents outstanding were excluded from computation of diluted net loss per share
The following table presents the outstanding shares of common stock equivalents that were excluded from the computation of the diluted net (loss) income per share attributable to common stock for the periods in which a net (loss) income is presented because their effect would have been anti-dilutive:
  Three Months Ended September 30, Nine Months Ended September 30,
  2022 2021 2022 2021
Common stock warrants 18,410,000  18,410,000  18,410,000  18,410,000 
Earnout Shares 3,510,405  3,510,405  3,510,405  3,510,405 
Unvested RSUs 5,247,056  —  5,247,056  —