Balance Sheet

v3.24.2.u1

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 175,100	$ 204,017
Short-term investments	649,933	828,233
Total cash, cash equivalents and short-term investments	825,033	1,032,250
Other receivables	13,266	4,659
Prepaid expenses and other current assets	19,363	18,842
Total current assets	857,662	1,055,751
Property and equipment, net	105,846	103,430
Operating lease right-of-use assets	27,631	28,286
Restricted cash	762	762
Intangible assets	10,975	6,585
Goodwill	14,322	14,011
Other non-current assets	60,616	60,610
Total assets	1,077,814	1,269,435
Current liabilities
Accounts payable	5,314	3,006
Operating lease liabilities, current portion	4,699	4,312
Accrued and other current liabilities	33,144	37,818
Total current liabilities	43,157	45,136
Operating lease liabilities, net of current portion	25,397	26,349
Warrant liability	40,871	62,936
Earnout shares liability	69,281	95,969
Other non-current liabilities	4,524	4,683
Total liabilities	183,230	235,073
Commitments and contingencies (Note 6)
Stockholders’ equity:
Preferred stock: $0.0001 par value - 100,000,000 shares authorized. No shares issued and outstanding.	0	0
Common stock: $0.0001 par value - 1,400,000,000 shares authorized; 713,879,586 and 698,262,025 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively.	71	70
Additional paid-in capital	2,362,128	2,282,475
Accumulated deficit	(1,465,582)	(1,247,703)
Accumulated other comprehensive loss	(2,033)	(480)
Total stockholders’ equity	894,584	1,034,362
Total liabilities and stockholders’ equity	$ 1,077,814	$ 1,269,435

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Source