Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 305,496 $ 78,297
Accounts receivable 9,270 4,500
Prepaid expenses and other current assets 12,952 2,105
Total current assets 327,718 84,902
Property, plant and equipment, net 150,545 61,257
Deferred engineering costs 110,025 110,499
Other non-current assets 33,518 36,337
Total assets 621,806 292,995
Current liabilities:    
Accounts payable 2,852 23,573
Accounts payable due to related parties (Note 8) 0 910
Accrued and other liabilities 85,946 22,003
Borrowings 0 72,819
Total current liabilities 88,798 119,305
Borrowings 53,687 38,275
Other non-current liabilities 61,020 26,325
Total long-term liabilities 114,707 64,600
Commitments and Contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100,000,000 authorized: 6,123,782 and 6,123,782 shares outstanding, respectively 61 61
Common stock, $0.01 par value, 800,000,000 and 800,000,000 authorized: 500,453,575 and 354,315,739 shares outstanding, respectively 4,774 3,309
Additional paid-in capital 1,344,526 922,042
Accumulated deficit (931,060) (816,322)
Total stockholders’ equity 418,301 109,090
Total liabilities and stockholders’ equity $ 621,806 $ 292,995