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

Condensed Consolidated Statement of Cash Flows

v3.21.2
Condensed Consolidated Statement of Cash Flows - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 18, 2021
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:              
Net loss       $ (27,822,000) $ (5,028,000) $ (8,409,000) $ (3,406,000)
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation       392,000 182,000 287,000 0
Stock-based compensation expense       4,942,000 2,470,000 3,295,000 1,942,000
Bad debt allowance       4,000 0 0 0
Inventory allowance       (17,000) 0 0 0
Change in fair value - Convertible Notes       5,067,000 0    
Change in fair value of warrant liabilities       10,000 0    
Loss on extinguishment       939,000 0    
Amortization of debt issuance costs       782,000 0    
Changes in assets and liabilities:              
Accounts receivable       (85,000) (207,000) (11,000) 0
Accounts receivable—related party       306,000 (520,000) (322,000) 0
Inventory       (370,000) (185,000) (243,000) 0
Prepaid assets           1,000 (8,000)
Other assets       115,000 (57,000) (51,000) 0
Accounts payable       1,673,000 381,000 29,000 147,000
Accrued liabilities           1,095,000 198,000
Accrued liabilities—related party       (833,000) (342,000) 491,000 8,000
Accrued expenses       5,033,000 (328,000)    
Prepaid expenses and other current assets       (977,000) (13,000)    
Prepaid professional fees       (4,439,000) 0    
Net cash used in operating activities       (15,280,000) (3,647,000) (3,838,000) (1,119,000)
Cash Flows from Investing Activities:              
Purchases of property and equipment       (14,193,000) (3,723,000) (3,422,000) (3,743,000)
Net cash used in investing activities       (14,193,000) (3,723,000) (3,422,000) (3,743,000)
Cash Flows from Financing Activities:              
Proceeds from issuance of common stock           0 4,501,000
Redemption of common stock           (80,000) 0
Proceeds from issuance of debts       26,793,000 536,000 453,000 4,561,000
Repayments of debt       (10,654,000) (2,865,000) (2,880,000) (2,063,000)
Proceeds from financing obligations—related party       3,529,000 7,655,000 7,675,000 0
Payment of debt issuance costs       (1,448,000) 0    
Proceeds from issuance of convertible notes       26,000,000 0    
Payments of share settlement       0 (11,000)    
Net cash provided by financing activities       44,220,000 5,315,000 5,168,000 6,999,000
Net increase in cash       14,747,000 (2,055,000) (2,092,000) 2,137,000
Cash—beginning of the period       45,000 2,137,000 2,137,000 0
Cash—end of the period   $ 10,376,000 $ 10,376,000 10,376,000   45,000 2,137,000
Cash and cash equivalents and restricted cash at beginning of period       45,000 2,137,000 2,137,000  
Cash and cash equivalents and restricted cash at end of period   14,792,000 14,792,000 14,792,000 82,000 45,000 2,137,000
Supplemental disclosures of cash flow information              
Cash paid for income taxes           0 0
Cash paid for interest           (49,000) (41,000)
Non-cash investing and financing activities:              
Non-cash purchases of property and equipment           1,541,000 0
Non-cash redemption of common stock           $ 11,000 $ 149,000
Non-cash proceeds from issuance of Convertible Notes for services provided       50,000 0    
Non-cash proceeds from issuance of Share Settlement Note       0 80,000    
Purchases of property and equipment included in accounts payable and accrued liabilities       3,062,000 $ 0    
LEO HOLDINGS III CORP [Member]              
Cash Flows from Operating Activities:              
Net loss $ (10,484) 3,469,254 (836,857)        
Adjustments to reconcile net loss to net cash used in operating activities:              
Change in fair value of warrant liabilities   (4,225,000) (811,667)        
Offering costs associated with issuance of warrants   0 275,622        
Net gain from investments held in Trust Account   (6,933) (13,714)        
Changes in assets and liabilities:              
Prepaid assets 10,484   (746,931)        
Accounts payable—related party     26,176        
Accrued expenses     366,547        
Net cash used in operating activities 0   (1,740,824)        
Cash Flows from Investing Activities:              
Cash deposited in Trust Account     (275,000,000)        
Net cash used in investing activities     (275,000,000)        
Cash Flows from Financing Activities:              
Proceeds from note payable to related party     111,835        
Repayment of note payable to related party     (111,835)        
Proceeds received from initial public offering, gross     275,000,000        
Proceeds received from private placement     8,000,000        
Offering costs paid     (6,070,576)        
Net cash provided by financing activities     276,929,424        
Net increase in cash 0   188,600        
Cash—beginning of the period 0   0        
Cash—end of the period 0 $ 188,600 188,600 $ 188,600      
Non-cash investing and financing activities:              
Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares 25,000   25,000        
Offering costs included in accrued expenses $ 35,000   85,000        
Deferred underwriting commissions     9,625,000        
Forfeiture Of Class B Ordinary Shares     $ 2