Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments The following presents a reconciliation of the impacted financial statement line items as previously reported to the restated amounts as of December 31, 2021 and 2020, and for the years then ended:
December 31, 2021 December 31, 2020
Consolidated Balance Sheets As Previously Reported Restatement Adjustment As Restated As Previously Reported Restatement Adjustment As Restated
Prepaid expenses and other current assets 33,778  —  33,778  8,254  (651) 7,603 
Total current assets 229,115  —  229,115  69,134  (651) 68,483 
Total assets 597,261  —  597,261  303,880  (651) 303,229 
Accrued expenses 31,428  —  31,428  20,004  (1,332) 18,672 
Deferred revenue 43,345  19,094  62,439  42,900  4,496  47,396 
Total current liabilities 133,958  19,094  153,052  109,474  3,164  112,638 
Total liabilities 276,436  19,094  295,530  119,646  3,164  122,810 
Accumulated other comprehensive income 7,538  —  7,538  13,005  (3,312) 9,693 
Accumulated deficit (1,162,040) (19,094) (1,181,134) (965,707) (503) (966,210)
Total stockholders' equity (deficit) 320,825  (19,094) 301,731  (860,048) (3,815) (863,863)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) 597,261  —  597,261  303,880  (651) 303,229 

Year ended December 31, 2021 Year ended December 31, 2020
Consolidated Statements of Operations As Previously Reported Restatement Adjustment Restated As Previously Reported Restatement Adjustment Restated
Revenues:
Sharing 187,327  (14,598) 172,729  79,941  (4,496) 75,445 
Total revenues 205,142  (14,598) 190,544  94,601  (4,496) 90,105 
Cost of sharing, exclusive of depreciation 101,061  2,143  103,204  71,628  (2,143) 69,485 
Gross margin 39,406  (16,741) 22,665  (23,534) (2,353) (25,887)
General and administrative 209,998  (1,462) 208,536  152,910  1,462  154,372 
Total operating expenses 259,330  (1,462) 257,868  180,704  1,462  182,166 
Loss from operations (219,924) (15,279) (235,203) (204,238) (3,815) (208,053)
Other income, net 29,873  (3,312) 26,561  2,634  3,312  5,946 
Loss before income taxes (196,124) (18,591) (214,715) (208,166) (503) (208,669)
Net loss (196,333) (18,591) (214,924) (208,230) (503) (208,733)
Net loss per share attributable to common stockholders, basic and diluted (1)
(2.51) (0.23) (2.74) (5.57) (0.02) (5.59)
(1)Weighted-average shares have been retroactively restated to give effect to the Business Combination.
Year ended December 31, 2021 Year ended December 31, 2020
Consolidated Statements of Comprehensive Loss As Previously Reported Restatement Adjustment Restated As Previously Reported Restatement Adjustment Restated
Net loss (196,333) (18,591) (214,924) (208,230) (503) (208,733)
Change in currency translation adjustment (5,467) 3,312  (2,155) 13,675  (3,312) 10,363 
Total comprehensive loss, net of tax (201,800) (15,279) (217,079) (194,555) (3,815) (198,370)

Year ended December 31, 2021 Year ended December 31, 2020
Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Deficit As Previously Reported Restatement Adjustment Restated As Previously Reported Restatement Adjustment Restated
Net loss (196,333) (18,591) (214,924) (208,230) (503) (208,733)
Accumulated deficit (1,162,040) (19,094) (1,181,134) (965,707) (503) (966,210)
Foreign currency translation adjustment (5,467) 3,312  (2,155) 13,675  (3,312) 10,363 
Accumulated other comprehensive income 7,538  —  7,538  13,005  (3,312) 9,693 
Total stockholders' equity (deficit) 320,825  (19,094) 301,731  (860,048) (3,815) (863,863)
Year ended December 31, 2021 Year ended December 31, 2020
Consolidated Statements of Cash Flow As Previously Reported Restatement Adjustment Restated As Previously Reported Restatement Adjustment Restated
Net loss (196,333) $ (18,591) $ (214,924) $ (208,230) $ (503) $ (208,733)
Changes in assets and liabilities:
Prepaid expenses and other current assets (24,176) (651) (24,827) 7,095  651  7,746 
Deferred revenue 16  14,598  14,614  6,203  4,496  10,699 
Accrued expenses and other current liabilities 2,335  1,332  3,667  6,454  (1,332) 5,122 
Other liabilities (3,439) 3,312  (127) (1,724) (3,312) (5,036)
Net cash used in operating activities (131,627) —  (131,627) (150,151) —  (150,151)
Property, Plant and Equipment
Estimated Useful Life
Computer hardware, software, and equipment
One – five years
Furniture and fixtures Three years
Leasehold improvements Shorter of estimated useful life or lease term
The Company’s property and equipment, net consists of the following (in thousands):

  December 31,
  2021 2020
Computer hardware, software, and equipment $ 2,438  $ 5,009 
Leasehold improvements 1,354  1,354 
Furniture and fixtures 2,231  2,389 
Less: Accumulated depreciation (4,497) (4,600)
Total property and equipment, net $ 1,526  $ 4,152 
The Company’s vehicles, net consists of the following (in thousands):
 
  December 31,
  2021 2020
Deployed vehicles $ 93,192  $ 69,944 
Undeployed vehicles 46,867  24,676 
Spare parts 10,009  15,000 
Less: Accumulated depreciation (31,119) (28,515)
Total vehicles, net $ 118,949  $ 81,105