Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 128,556 $ 43,158
Restricted cash and cash equivalents—current 30,142 9,609
Accounts receivable, net 8,397 2,857
Inventory 28,242 5,256
Prepaid expenses and other current assets 33,778 8,254
Total current assets 229,115 69,134
Restricted cash and cash equivalents—non current 1,203 1,000
Property and equipment, net 1,526 4,152
Vehicle deposits 117,071 13,290
Vehicles, net 118,949 81,105
Goodwill 121,169 131,255
Other assets 8,228 3,944
Total assets 597,261 303,880
Current liabilities:    
Accounts payable 5,002 12,212
Accrued expenses 31,428 20,004
Deferred revenue 43,345 42,900
Notes payable—current 49,094 29,280
Other current liabilities 5,089 5,078
Total current liabilities 133,958 109,474
Derivative liabilities 136,196 450
Other liabilities 6,282 9,722
Total liabilities 276,436 119,646
Commitments and contingencies
Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock, $0.000001 par value, 152,353,768 shares authorized and 135,225,157 shares issued and outstanding as of December 31, 2020 [1] 0 1,044,282
Stockholders' Equity (Deficit)    
Founders convertible preferred stock, $0.000001 par value, 6,591,055 shares authorized and 3,993,432 shares issued and outstanding as of December 31, 2020 [1] 0 0
Class A common stock, $0.0001 par value, 1,000,000,000 authorized and 238,089,017 shares issued and outstanding as of December 31, 2021, Class X common stock, $0.0001 par value, 50,000,000 shares authorized and 34,534,930 shares issued and outstanding as of December 31, 2021, and common stock, $0.000001 par value, 241,883,501 shares authorized and 47,713,169 shares issued and outstanding as of December 31, 2020 [1] 27 0
Additional paid-in capital 1,475,300 92,654
Accumulated other comprehensive income 7,538 13,005
Accumulated deficit (1,162,040) (965,707)
Total stockholders’ equity (deficit) 320,825 (860,048) [2]
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) $ 597,261 $ 303,880
[1] Shares of preferred stock and common stock have been retroactively restated to give effect to the Business Combination
[2] Shares of Redeemable Convertible Preferred Stock, Redeemable Convertible Prime Preferred Stock and Exchanged Common Stock, Redeemable Convertible Senior Preferred Stock, Founders Convertible Preferred Stock, and common stock have been retroactively restated to give effect to the Business Combination.