v3.22.2.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Sales $ 6,269 $ 108 $ 6,551 $ 165
Cost of goods sold [1],[2],[3] 6,281 81 6,520 126
Gross profit (12) 27 31 39
Operating expenses:        
Research and development [1],[2] 3,073 723 5,914 1,155
Selling, general and administrative [1],[2] 23,141 2,962 44,502 11,256
Total operating expenses 26,214 3,685 50,416 12,411
Loss from operations (26,226) (3,658) (50,385) (12,372)
Other income (expense):        
Management fee income 28 24 58 44
Convertible Notes fair value adjustment 0 (2,685) 0 (2,984)
Interest expense, net (5,465) (1,268) (7,108) (1,673)
Other income and expense 0 (3) 0 (3)
Net loss $ (31,663) $ (7,590) $ (57,435) $ (16,988)
Net loss applicable to common stockholders per basic common share:        
Basic (in dollars per share) $ (0.36) $ (0.15) $ (0.68) $ (0.35)
Diluted (in dollars per share) $ (0.36) $ (0.15) $ (0.68) $ (0.35)
Weighted average common shares outstanding:        
Basic (in shares) 88,607,316 49,131,555 84,830,885 49,131,555
Diluted (in shares) 88,607,316 49,131,555 84,830,885 49,131,555
[1] Amounts include depreciation and amortization as follows:
  Three Months Ended June 30, Six Months Ended June 30,
  2022 2021 2022 2021
Cost of goods sold
$ 891  $ 12  $ 953  $ 20 
Research and development
218  105  531  215 
Selling, general and administrative
2,272  2,438  15 
Total depreciation and amortization $ 3,381  $ 124  $ 3,922  $ 250 
[2] Amounts include stock-based compensation as follows:
  Three Months Ended June 30, Six Months Ended June 30,
  2022 2021 2022 2021
Cost of goods sold
$ 47  $ —  $ 52  $ — 
Research and development
485  —  970  — 
Selling, general and administrative
11,164  —  21,687  4,942 
Total stock-based compensation expense $ 11,696  $ —  $ 22,709  $ 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 June 30, Six Months Ended June 30,
  2022 2021 2022 2021
Cost of goods sold
$ 1,042  $ —  $ 1,042  $ — 
Total business combination fair value basis adjustment to inventory $ 1,042  $ —  $ 1,042  $ — 

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