Balance Sheet

v3.24.1.u1

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 110,548	$ 204,017
Short-term investments	813,340	828,233
Total cash, cash equivalents and short-term investments	923,888	1,032,250
Other receivables	6,939	4,659
Prepaid expenses and other current assets	20,863	18,842
Total current assets	951,690	1,055,751
Property and equipment, net	103,606	103,430
Operating lease right-of-use assets	28,596	28,286
Restricted cash	762	762
Intangible assets	5,013	6,585
Goodwill	14,011	14,011
Other non-current assets	60,679	60,610
Total assets	1,164,357	1,269,435
Current liabilities:
Accounts payable	3,731	3,006
Operating lease liabilities, current portion	4,492	4,312
Accrued and other current liabilities	30,017	37,818
Total current liabilities	38,240	45,136
Operating lease liabilities, net of current portion	26,517	26,349
Warrant liability	46,969	62,936
Earnout shares liability	72,984	95,969
Other non-current liabilities	4,516	4,683
Total liabilities	189,226	235,073
Commitments and contingencies (Note 5)
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; 705,312,495 and 698,262,025 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively.	70	70
Additional paid-in capital	2,318,932	2,282,475
Accumulated deficit	(1,342,290)	(1,247,703)
Accumulated other comprehensive loss	(1,581)	(480)
Total stockholders’ equity	975,131	1,034,362
Total liabilities and stockholders’ equity	$ 1,164,357	$ 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).

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