General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Balance Sheet

v3.21.2
Condensed Consolidated Balance Sheet - USD ($)
Sep. 30, 2021
Jan. 18, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:        
Cash and cash equivalents $ 10,376,000   $ 45,000 $ 2,137,000
Restricted Cash 4,416,000      
Accounts receivable, net of allowance 92,000   11,000  
Accounts receivable - related party 16,000   322,000  
Inventory, net of allowance 630,000   243,000 0
Prepaid expenses and other current assets 984,000   7,000 8,000
Prepaid professional fees 4,439,000      
Total current assets 20,953,000   628,000 2,145,000
Property and equipment, net 22,224,000   8,423,000 3,743,000
Other assets 423,000   51,000  
Total Assets 43,600,000   9,102,000 5,888,000
Current liabilities:        
Accounts payable 1,850,000   176,000 147,000
Accrued liabilities 6,277,000   1,294,000 348,000
Accrued liabilities - related party     833,000 342,000
Short-term debt     50,000  
Share settlement note     50,000  
Total current liabilities 8,127,000   2,353,000 837,000
Long-term debt 15,638,000   104,000 2,497,000
Convertible Notes 31,117,000   0  
Financing obligation 12,744,000   9,216,000  
Warrant liability 1,425,000   0  
Total liabilities 69,051,000   11,673,000 3,334,000
Stockholders' equity (deficit)        
Common stock     1,000 1,000
Additional paid-in capital 14,519,000   9,577,000 6,293,000
Accumulated deficit (39,971,000)   (12,149,000) (3,740,000)
Total stockholders' deficit (25,451,000)   (2,571,000) 2,554,000
Total liabilities and stockholders' equity (deficit) 43,600,000   9,102,000 5,888,000
LEO HOLDINGS III CORP [Member]        
Current assets:        
Cash and cash equivalents 188,600 $ 0    
Prepaid assets 771,931 14,516    
Total current assets 960,531 14,516    
Deferred offering costs associated with proposed public offering   35,000    
Investments held in Trust Account 275,013,714      
Total Assets 275,974,245 49,516    
Current liabilities:        
Accrued liabilities 451,547 35,000    
Total current liabilities 477,723 35,000    
Accounts payable—related party 26,176      
Deferred underwriting commissions 9,625,000      
Warrant liability 8,341,666      
Total liabilities 18,444,389      
Commitments and Contingencies (Note 7)      
Class A ordinary shares subject to possible redemption 275,000,000      
Stockholders' equity (deficit)        
Preference shares 0    
Additional paid-in capital   24,310    
Accumulated deficit (17,470,832) (10,484)    
Total stockholders' deficit (17,470,144) 14,516    
Total liabilities and stockholders' equity (deficit) 275,974,245 49,516    
Class A Ordinary Shares [Member] | LEO HOLDINGS III CORP [Member]        
Current liabilities:        
Class A ordinary shares subject to possible redemption 275,000,000      
Stockholders' equity (deficit)        
Common stock 0 0    
Class A Ordinary Shares [Member] | LEO HOLDINGS III CORP [Member] | Common Stock [Member]        
Stockholders' equity (deficit)        
Total stockholders' deficit 0 0    
Class B Ordinary Shares [Member] | LEO HOLDINGS III CORP [Member]        
Stockholders' equity (deficit)        
Common stock 688 690 [1],[2]    
Class B Ordinary Shares [Member] | LEO HOLDINGS III CORP [Member] | Common Stock [Member]        
Stockholders' equity (deficit)        
Total stockholders' deficit 688 $ 690    
Voting Common Stock [Member] | Common Stock [Member]        
Stockholders' equity (deficit)        
Common stock 1,000   1,000  
Total stockholders' deficit 1,000   1,000 1,000
Non-Voting Common Stock [Member] | Common Stock [Member]        
Stockholders' equity (deficit)        
Common stock 0      
Total stockholders' deficit $ 0   $ 0 $ 0
[1] On February 25, 2021, the Company effected a share capitalization, resulting in an aggregate of 6,900,000 Class B ordinary shares outstanding. All shares and associated amounts have been retroactively restated to reflect the share capitalization (see Note 4).
[2] This number includes up to 900,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter.