v3.22.2.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Sales $ 6,285 $ 159 $ 12,836 $ 324
Cost of goods sold [1],[2],[3] 5,015 155 11,535 281
Gross profit 1,270 4 1,301 43
Operating expenses:        
Research and development [1],[2] 3,019 1,418 8,933 2,573
Selling, general and administrative [1],[2] 20,239 4,269 64,741 15,525
Total operating expenses 23,258 5,687 73,674 18,098
Loss from operations (21,988) (5,683) (72,373) (18,055)
Other income (expense):        
Management fee income 38 18 96 62
Convertible Notes fair value adjustment 0 (2,083) 0 (5,067)
Interest expense, net (5,154) (3,079) (12,262) (4,752)
Other income and expense 0 (7) 0 (10)
Net loss $ (27,104) $ (10,834) $ (84,539) $ (27,822)
Net loss applicable to common stockholders per basic common share:        
Basic (in dollars per share) $ (0.30) $ (0.22) $ (0.98) $ (0.57)
Diluted (in dollars per share) $ (0.30) $ (0.22) $ (0.98) $ (0.57)
Weighted average common shares outstanding:        
Basic (in shares) 89,245,019 49,131,555 86,318,432 49,131,555
Diluted (in shares) 89,245,019 49,131,555 86,318,432 49,131,555
[1] Amounts include depreciation and amortization as follows:
  Three Months Ended
September 30,
Nine Months Ended
September 30,
  2022 2021 2022 2021
Cost of goods sold
$ 921  $ 12  $ 1,874  $ 32 
Research and development
229  113  760  328 
Selling, general and administrative
1,757  17  4,195  32 
Total depreciation and amortization $ 2,907  $ 142  $ 6,829  $ 392 
[2] Amounts include stock-based compensation as follows:
  Three Months Ended
September 30,
Nine Months Ended
September 30,
  2022 2021 2022 2021
Cost of goods sold
$ 29  $ —  $ 81  $ — 
Research and development
419  —  1,389  — 
Selling, general and administrative
10,459  —  32,146  4,942 
Total stock-based compensation expense $ 10,907  $ —  $ 33,616  $ 4,942 
[3] Amounts include the impact for non-cash increase in cost of goods sold attributable to the fair value basis adjustment to inventory in connection with acquisition of Pete's as follows:
  Three Months Ended
September 30,
Nine Months Ended
September 30,
  2022 2021 2022 2021
Cost of goods sold
$ —  $ —  $ 1,042  $ — 
Total business combination fair value basis adjustment to inventory $ —  $ —  $ 1,042  $ — 

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