Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2023
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:
March 31,
2023		 March 31,
2022
Cash and cash equivalents $ 12,817  $ 64,692 
Restricted cash 140  141 
$ 12,957  $ 64,833 
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 and number of shares used in computing basic and diluted net loss per share is as follows:
  Three Months Ended March 31,
  2023 2022
Basic and Diluted net loss per share computation:
Numerator for basic and diluted net loss per share:
Net loss $ (7,403) $ (4,037)
Denominator for basic and diluted net loss per share:
Weighted average common shares - basic and diluted 53,410,652  53,142,447 
Basic and diluted net loss per share $ (0.14) $ (0.08)
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 per share for the periods in which a net loss is presented because their effect would have been anti-dilutive:
  Three Months Ended March 31,
  2023 2022
Common stock warrants 18,410,000  18,410,000 
Earnout Shares 3,510,405  3,510,405 
Unvested RSUs 6,253,772  3,268,105