Faraday Future(NASDAQ:FFIE)

Faraday Future Intelligent Electric Inc. engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally. The company was founded in 2014 and is headquartered in Gardena, California.
Website: http://www.ff.com
Founded: 2014
CEO: Yueting Jia
Sector: Consumer Cyclical
Industry: Auto Manufacturers
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At a glance:
Bull Thesis:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 512,000 | 129,000 | 37,000 | 54,000 | 316,000 | 235,000 | 9,000 | 293,000 | 2,000 | |||||||||||
yoy | 62.03% | -45.11% | 311.11% | -81.57% | 15700.00% | |||||||||||||||
qoq | 296.90% | 248.65% | -31.48% | -82.91% | 34.47% | 2511.11% | -96.93% | 14550.00% | ||||||||||||
cost of revenue | 11,890,000 | 15,753,000 | 34,256,000 | 26,912,000 | 21,381,000 | |||||||||||||||
gross profit | -11,378,000 | -15,624,000 | -34,219,000 | -26,858,000 | -21,065,000 | -20,684,000 | -21,444,000 | -20,677,000 | -20,685,000 | |||||||||||
yoy | -45.99% | -24.46% | 59.57% | 29.89% | 1.84% | |||||||||||||||
qoq | -27.18% | -54.34% | 27.41% | 27.50% | 1.84% | -3.54% | 3.71% | -0.04% | ||||||||||||
gross margin % | -2222.27% | -12111.63% | -92483.78% | -49737.04% | -6666.14% | -8801.70% | -238266.67% | -7057.00% | -1034250.00% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
operating expenses | ||||||||||||||||||||
research and development | 6,990,000 | -1,460,000 | 6,640,000 | 5,004,000 | 6,419,000 | 10,042,000 | 5,180,000 | 3,317,000 | 6,688,000 | 27,351,000 | 21,593,000 | 25,269,000 | 46,160,000 | 50,863,000 | 48,062,000 | 98,015,000 | 114,935,000 | 80,429,000 | 79,757,000 | |
sales and marketing | 5,616,000 | 1,428,000 | 6,380,000 | 1,873,000 | 2,629,000 | 2,421,000 | 2,601,000 | 1,782,000 | 2,474,000 | 4,754,000 | 5,318,000 | 7,699,000 | 5,585,000 | 4,500,000 | 3,888,000 | 6,198,000 | 6,186,000 | 6,019,000 | 6,832,000 | |
general and administrative | 9,195,000 | 8,272,000 | 19,690,000 | 14,097,000 | 13,674,000 | 3,837,000 | 8,278,000 | 17,201,000 | 13,848,000 | 15,290,000 | 24,023,000 | 17,062,000 | 27,584,000 | 27,264,000 | 28,655,000 | 33,253,000 | 27,880,000 | 33,757,000 | 36,725,000 | |
loss on disposal of property, plant, and equipment | 328,000 | 744,000 | 1,395,000 | 276,000 | ||||||||||||||||
impairment of intangible assets, including goodwill | 2,255,000 | |||||||||||||||||||
credit loss expense - short-term note receivable | 143,000 | |||||||||||||||||||
total operating expenses | 24,527,000 | 16,680,000 | 172,588,000 | 21,250,000 | 22,766,000 | 9,630,000 | 3,763,000 | 29,932,000 | 22,923,000 | 48,150,000 | 50,867,000 | 49,366,000 | 83,027,000 | 83,915,000 | 80,605,000 | 137,466,000 | 149,001,000 | 121,409,000 | 185,656,000 | |
income from operations | -35,905,000 | -32,304,000 | -206,807,000 | -48,108,000 | -43,831,000 | -30,314,000 | -25,207,000 | -50,609,000 | -43,608,000 | -67,780,000 | -66,447,000 | -55,979,000 | -83,027,000 | -83,915,000 | -80,605,000 | -137,466,000 | -149,001,000 | -121,409,000 | -185,656,000 | -442,736 |
yoy | -18.08% | 6.56% | 720.43% | -4.94% | 0.51% | -55.28% | -62.06% | -9.59% | -47.48% | -19.23% | -17.56% | -59.28% | -44.28% | -30.88% | -56.58% | 30949.20% | ||||
qoq | 11.15% | -84.38% | 329.88% | 9.76% | 44.59% | 20.26% | -50.19% | 16.05% | -35.66% | 2.01% | 18.70% | -32.58% | -1.06% | 4.11% | -41.36% | -7.74% | 22.73% | -34.61% | 41833.79% | |
operating margin % | -7012.70% | -25041.86% | -558937.84% | -89088.89% | -13870.57% | -12899.57% | -280077.78% | -17272.70% | -2180400.00% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
change in fair value of notes payable, warrant liabilities, and derivative call options | 2,771,000 | 12,372,000 | 31,341,000 | -46,078,000 | 51,458,000 | |||||||||||||||
change in fair value of related party notes payable, warrant liabilities, and derivative call options | 1,439,000 | 1,656,000 | 2,144,000 | -5,150,000 | -277,000 | |||||||||||||||
loss on settlement of notes payable | -8,431,000 | -15,629,000 | -46,517,000 | -22,458,000 | -15,920,000 | -44,216,000 | -59,128,000 | -46,978,000 | -11,403,000 | -12,134,000 | -21,357,000 | -85,392,000 | -3,021,000 | |||||||
loss on settlement of related party notes payable | -2,088,000 | -1,860,000 | -1,180,000 | -2,797,000 | -10,756,000 | -6,492,000 | ||||||||||||||
interest expense | -2,478,000 | -3,291,000 | -2,244,000 | -812,000 | -2,302,000 | -2,509,000 | -1,442,000 | -1,719,000 | -2,225,000 | -1,697,000 | -90,000 | -209,000 | -4,651,000 | -1,699,000 | -663,000 | -1,128,000 | -3,746,000 | -3,631,000 | -296,000 | |
net loss on digital assets | -1,946,000 | |||||||||||||||||||
other income | 2,252,000 | 3,508,000 | -99,000 | -210,000 | 1,784,000 | 149,750 | 361,000 | -1,466,000 | 2,409,000 | -3,576,750 | -6,457,000 | -179,500 | 1,117,000 | -5,284,252 | ||||||
income before income taxes | -42,298,000 | -39,893,000 | -222,182,000 | -124,676,000 | -10,268,000 | -121,529,000 | -77,687,000 | -108,681,000 | -48,217,000 | -83,716,000 | -78,046,000 | -124,900,000 | 6,487,000 | -153,848,000 | -103,377,000 | -141,685,000 | -153,098,000 | -84,062,000 | -303,906,000 | -5,726,988 |
income tax expense | -19,000 | -3,750 | -5,000 | -10,000 | ||||||||||||||||
net income | -42,317,000 | -39,941,000 | -222,187,000 | -124,676,000 | -10,278,000 | -121,259,000 | -77,686,000 | -108,685,000 | -48,217,000 | -83,797,000 | -78,046,000 | -124,928,000 | 6,487,000 | -153,900,000 | -103,377,000 | -141,694,000 | -153,098,000 | -84,299,000 | -303,906,000 | -5,726,988 |
yoy | 311.72% | -67.06% | 186.01% | 14.71% | -78.68% | 44.71% | -0.46% | -13.00% | -843.29% | -45.55% | -24.50% | -11.83% | -104.24% | 82.56% | -65.98% | 2374.15% | ||||
qoq | 5.95% | -82.02% | 78.21% | 1113.04% | -91.52% | 56.09% | -28.52% | 125.41% | -42.46% | 7.37% | -37.53% | -2025.82% | -104.22% | 48.87% | -27.04% | -7.45% | 81.61% | -72.26% | 5206.56% | |
net income margin % | -8265.04% | -30962.02% | -600505.41% | -230881.48% | -3252.53% | -51599.57% | -863177.78% | -37093.86% | -2410850.00% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
less: net loss attributable to noncontrolling interest | 3,461,000 | |||||||||||||||||||
net loss attributable to faraday future intelligent electric inc. | -38,856,000 | |||||||||||||||||||
per share information | ||||||||||||||||||||
net income per share | ||||||||||||||||||||
basic | -0.18 | 0.17 | -1.55 | -1.2 | -0.14 | 7.81 | -5.32 | -0.31 | -0.66 | -21.53 | -3.78 | -0.1 | 0.01 | |||||||
diluted | -0.18 | 0.17 | -1.55 | -1.2 | -0.14 | 7.81 | -5.32 | -0.31 | -0.66 | -21.53 | -3.78 | -0.1 | -0.07 | |||||||
weighted-average common shares used in computing net loss per share of class a and class b common stock: | ||||||||||||||||||||
basic | 214,502,895 | 124,299,591 | 143,159,121 | 103,712,230 | 75,749,893 | 18,529,525 | 15,379,402 | 351,128,013 | 73,518,321 | 9,634,759 | 20,647,430 | 1,196,878,783 | 657,565,442 | |||||||
diluted | 214,502,895 | 124,299,591 | 143,159,121 | 103,712,230 | 75,749,893 | 18,529,525 | 15,379,402 | 351,128,013 | 73,518,321 | 9,634,759 | 20,647,430 | 1,196,878,783 | 988,638,662 | |||||||
total comprehensive loss | -43,561 | -42,310 | -223,156 | -125,571 | -9,972 | -117,731 | -80,196 | -108,053 | -47,985 | -85,447 | -79,606 | -118,806 | -156,998 | -93,513 | -137,446 | -153,662 | -84,783 | -303,717 | ||
foreign currency translation adjustment | -1,244 | -2,369 | -969 | -895 | 306 | 3,528 | -2,510 | 632 | 232 | -1,650 | -1,560 | 6,122 | ||||||||
settlement on accrued research and development expenses | -14,935,000 | |||||||||||||||||||
asset impairment | 34,620,750 | 138,483,000 | ||||||||||||||||||
related party interest expense | -898,000 | -1,212,000 | -1,506,000 | -5,094,000 | -614,000 | -69,000 | -70,000 | -140,000 | -948,000 | -996,000 | -1,313,000 | -622,000 | -898,000 | -1,597,000 | ||||||
lease impairment | ||||||||||||||||||||
loss on disposal on property, plant, and equipment | 44,000 | |||||||||||||||||||
cost of revenues | 15,777,500 | 21,453,000 | 20,970,000 | 20,687,000 | ||||||||||||||||
lease impairment loss | 1,918,250 | 57,000 | 7,616,000 | |||||||||||||||||
loss on disposal on property, plant and equipment | 627,750 | 2,582,000 | 16,000 | -87,000 | ||||||||||||||||
change in fair value of earnout liability | -67,000 | -664,000 | ||||||||||||||||||
change in fair value of notes payable and warrant liabilities | 7,231,750 | 8,287,000 | -7,245,000 | 27,885,000 | -170,000 | 17,571,000 | 24,324,000 | |||||||||||||
change in fair value of related party notes payable and related party warrant liabilities | -62,000 | 654,000 | -332,000 | -7,000 | 1,991,000 | 4,726,000 | 384,000 | |||||||||||||
loss on related party notes payable | -3,573,750 | -14,295,000 | ||||||||||||||||||
income tax provision | -750 | 1,000 | -4,000 | -81,000 | -28,000 | -52,000 | -9,000 | -237,000 | ||||||||||||
weighted-average shares used for eps calculation | ||||||||||||||||||||
basic | 214,502,895 | 124,299,591 | 143,159,121 | 103,712,230 | 75,749,893 | 18,529,525 | 15,379,402 | 351,128,013 | 73,518,321 | 9,634,759 | 20,647,430 | 1,196,878,783 | 657,565,442 | |||||||
diluted | 214,502,895 | 124,299,591 | 143,159,121 | 103,712,230 | 75,749,893 | 18,529,525 | 15,379,402 | 351,128,013 | 73,518,321 | 9,634,759 | 20,647,430 | 1,196,878,783 | 988,638,662 | |||||||
other expense | -292,000 | 530,000 | -515,000 | -1,624,000 | -6,936,000 | -915,000 | ||||||||||||||
revenues | ||||||||||||||||||||
auto sales | 233,000 | 551,000 | ||||||||||||||||||
gross loss | -19,630,000 | -15,580,000 | -6,613,000 | |||||||||||||||||
loss on disposal of property and equipment | 755,000 | 3,698,000 | 1,288,000 | 1,204,000 | 62,342,000 | |||||||||||||||
change in fair value measurements | 94,917,000 | -69,049,000 | -6,966,000 | 5,158,000 | 1,186,000 | 37,694,000 | -22,747,000 | |||||||||||||
per share information: | ||||||||||||||||||||
total comprehensive income: | ||||||||||||||||||||
change in foreign currency translation adjustment | -555 | -3,098 | 9,864 | 4,248 | -564 | -484 | 189 | |||||||||||||
total comprehensive income | 5,932 | |||||||||||||||||||
loss on extinguishment or settlement of related party notes payable, notes payable and vendor payables in trust | -1,922,500 | -7,690,000 | ||||||||||||||||||
net loss per common stock – class a and class b – basic and diluted | -0.3 | -0.3 | -0.44 | -0.48 | -0.09 | -1.06 | ||||||||||||||
weighted-average common shares outstanding – class a and class b – basic and diluted | 346,575,508 | 322,717,920 | 322,211,392 | |||||||||||||||||
total comprehensive loss: | ||||||||||||||||||||
gain on settlement of related party notes payable, notes payable and vendor payables in trust | -24,009,000 | -94,727,000 | ||||||||||||||||||
weighted-average common stock outstanding – class a and class b – basic and diluted | 367,254,444 | 233,390,675 | 287,951,929 | |||||||||||||||||
operating and formation costs | 442,736 | |||||||||||||||||||
other income: | ||||||||||||||||||||
interest earned on marketable securities held in trust account | 8,213 | |||||||||||||||||||
change in fair value of convertible note | -280,400 | |||||||||||||||||||
change in fair value of warrant liability | -5,012,065 | |||||||||||||||||||
benefit for income taxes | ||||||||||||||||||||
basic and diluted weighted-average shares outstanding, common stock subject to possible redemption | 22,103,036 | |||||||||||||||||||
basic and diluted net income per share, common stock subject to possible redemption | ||||||||||||||||||||
basic and diluted weighted-average shares outstanding, non-redeemable common stock | 7,413,475 | |||||||||||||||||||
basic and diluted net income per share, non-redeemable common stock | -0.77 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||
current assets | ||||||||||||||||||||
cash and cash equivalents | 12,231,000 | 34,927,000 | 666,061,000 | |||||||||||||||||
restricted cash | 29,000 | 27,000 | 28,000 | 33,000 | 35,000 | 30,000 | 80,000 | 584,000 | 898,000 | 2,127,000 | 1,853,000 | 1,503,000 | 1,505,000 | 1,546,000 | 2,162,000 | 949,000 | 1,012,000 | 25,386,000 | 25,083,000 | |
digital assets | 6,197,000 | 10,250,000 | 1,592,000 | |||||||||||||||||
accounts receivable | 273,000 | 257,000 | 589,000 | 645,000 | 664,000 | 7,000 | 7,000 | |||||||||||||
notes receivable, net of allowance for credit losses of 4,698 and 4,555 and as of march 31, 2026, and december 31, 2025, respectively | 385,000 | |||||||||||||||||||
inventory | 1,465,000 | 3,258,000 | 381,000 | 23,103,000 | 27,124,000 | 27,486,000 | 27,280,000 | 28,745,000 | 29,425,000 | 34,229,000 | 35,215,000 | 10,301,000 | ||||||||
deposits | 13,758,000 | 10,499,000 | 7,784,000 | 33,424,000 | 33,919,000 | 31,094,000 | 29,866,000 | 27,134,000 | 27,124,000 | 31,382,000 | 62,556,000 | 61,317,000 | 55,405,000 | 26,804,000 | 44,530,000 | 47,592,000 | 55,639,000 | 63,370,000 | 50,221,000 | |
other current assets | 7,565,000 | 8,963,000 | 12,397,000 | 6,141,000 | 5,271,000 | 6,127,000 | 15,190,000 | 12,815,000 | 24,875,000 | 21,721,000 | 20,963,000 | 14,583,000 | 14,717,000 | 21,087,000 | 23,759,000 | 5,985,000 | 8,608,000 | 13,410,000 | 13,246,000 | |
total current assets | 41,903,000 | 68,524,000 | 90,028,000 | 76,574,000 | 76,471,000 | 71,881,000 | 91,364,000 | 127,301,000 | 105,597,000 | 103,396,000 | 66,405,000 | 102,217,000 | 175,111,000 | 341,633,000 | 607,257,000 | 754,611,000 | 124,907 | |||
property, plant and equipment | 146,932,000 | 155,303,000 | 164,610,000 | 314,984,000 | 331,465,000 | 348,587,000 | 360,063,000 | 377,047,000 | 397,432,000 | |||||||||||
operating lease right-of-use assets | 14,861,000 | 4,950,000 | 5,877,000 | 6,749,000 | 1,208,000 | 1,761,000 | 5,797,000 | 15,766,000 | 16,486,000 | 17,370,000 | 18,091,000 | 18,911,000 | 19,588,000 | |||||||
intangible assets | 4,647,000 | 4,639,000 | 3,290,000 | |||||||||||||||||
goodwill | 23,692,000 | 25,764,000 | 27,783,000 | |||||||||||||||||
other non-current assets | 18,106,000 | 18,682,000 | 23,996,000 | 1,416,000 | 1,440,000 | 3,171,000 | 3,541,000 | 3,921,000 | 4,007,000 | 4,877,000 | 6,252,000 | 6,325,000 | 6,458,000 | 6,492,000 | 6,608,000 | 6,707,000 | 6,853,000 | 7,040,000 | 7,287,000 | |
total assets | 250,141,000 | 277,862,000 | 315,584,000 | 399,723,000 | 410,584,000 | 425,400,000 | 530,539,000 | 579,527,000 | 567,488,000 | 575,289,000 | 510,288,000 | 540,684,000 | 588,242,000 | 706,064,000 | 907,432,000 | 1,023,460,000 | 229,913,649 | |||
liabilities and stockholders’ equity | ||||||||||||||||||||
current liabilities | ||||||||||||||||||||
accounts payable | 53,366,000 | 57,277,000 | 61,881,000 | 67,368,000 | 70,697,000 | 71,414,000 | 81,369,000 | 91,199,000 | 96,625,000 | 93,170,000 | 101,857,000 | 92,757,000 | 76,926,000 | 87,376,000 | 65,239,000 | 61,787,000 | 45,400,000 | 37,773,000 | 36,180,000 | |
accrued expenses and other current liabilities | 42,134,000 | 45,499,000 | 60,669,000 | 54,588,000 | 50,388,000 | 45,677,000 | 59,391,000 | 63,750,000 | 61,065,000 | 62,391,000 | 68,446,000 | 55,835,000 | 66,980,000 | 65,709,000 | 46,104,000 | 92,392,000 | 86,766,000 | 90,512,000 | 47,343,000 | |
related party accrued expenses and other current liabilities | 12,988,000 | 13,179,000 | 12,540,000 | 11,104,000 | 11,104,000 | 11,077,000 | ||||||||||||||
warrant liabilities | 960,000 | 1,950,000 | 40,238,000 | 51,033,000 | 22,498,000 | 28,864,000 | 13,359,000 | 285,000 | 100,000 | 285,000 | 1,613,000 | 19,577,000 | ||||||||
related party accrued interest | 14,000 | 19,933,000 | 19,574,000 | 22,574,000 | 22,343,000 | 23,227,000 | 20,131,000 | 17,439,000 | 17,439,000 | 753,000 | 139,000 | 70,000 | 140,000 | 12,760,000 | 12,660,000 | 12,222,000 | 11,231,000 | 10,140,000 | ||
other financing liabilities, current portion | 1,005,000 | 951,000 | 899,000 | 850,000 | 803,000 | 761,000 | ||||||||||||||
operating lease liabilities, current portion | 1,583,000 | 1,443,000 | 2,110,000 | 2,755,000 | 1,364,000 | 2,128,000 | 2,645,000 | 2,894,000 | 3,135,000 | 3,621,000 | 3,755,000 | 2,730,000 | 2,609,000 | 2,487,000 | 2,015,000 | 2,113,000 | ||||
notes payable, current portion | 4,349,000 | 4,432,000 | 7,450,000 | 91,150,000 | 4,929,000 | 4,905,000 | 5,159,000 | 5,097,000 | 5,008,000 | 73,496,000 | 78,865,000 | 132,372,000 | 103,505,000 | |||||||
related party notes payable | 1,510,000 | 3,507,000 | 2,940,000 | 4,342,000 | 4,298,000 | 5,310,000 | 14,714,000 | 15,159,000 | 14,829,000 | 8,643,000 | 8,406,000 | 12,253,000 | 12,962,000 | 13,636,000 | 13,655,000 | 13,463,000 | ||||
total current liabilities | 117,909,000 | 148,171,000 | 211,213,000 | 222,558,000 | 188,778,000 | 192,707,000 | 261,176,000 | 191,153,000 | 187,619,000 | 192,873,000 | 267,484,000 | 177,323,000 | 257,719,000 | 242,782,000 | 293,806,000 | 238,204,000 | 2,481,461 | |||
other financing liabilities, long term portion | 47,714,000 | 46,867,000 | 45,633,000 | 44,447,000 | 40,489,000 | 38,698,000 | ||||||||||||||
operating lease liabilities, long term portion | 12,165,000 | 3,471,000 | 3,653,000 | 3,861,000 | 10,000 | 14,000 | ||||||||||||||
notes payable, long term portion | 42,018,000 | 56,234,000 | 71,452,000 | 23,845,000 | 20,542,000 | 45,264,000 | ||||||||||||||
related party notes payable, long term portion | 2,682,000 | 772,000 | 2,536,000 | 3,221,000 | 2,825,000 | 2,754,000 | ||||||||||||||
derivative call options | 5,229,000 | 10,042,000 | 15,416,000 | 36,367,000 | 16,064,000 | 29,709,000 | ||||||||||||||
related party derivative call options | 1,065,000 | 2,504,000 | 3,484,000 | 4,469,000 | 993,000 | |||||||||||||||
other liabilities | 2,118,000 | 2,042,000 | 1,737,000 | 1,099,000 | 1,075,000 | 1,287,000 | 1,429,000 | 1,404,000 | 1,338,000 | 1,338,000 | 10,783,000 | 10,051,000 | 9,758,000 | 9,429,000 | ||||||
total liabilities | 230,900,000 | 270,103,000 | 355,124,000 | 339,867,000 | 270,776,000 | 310,433,000 | 302,303,000 | 317,724,000 | 289,788,000 | 318,903,000 | 327,535,000 | 253,361,000 | 286,840,000 | 270,842,000 | 339,778,000 | 377,939,000 | 9,567,323 | |||
commitments and contingencies | ||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||
notes receivable, net of allowance for credit losses of 4,555 at december 31, 2025 | 343,000 | |||||||||||||||||||
accrued interest | 25,000 | 25,000 | 187,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 2,505,000 | 1,864,000 | 541,000 | 504,000 | 1,493,000 | 8,263,000 | 5,062,000 | |||||
cash | 62,909,000 | 13,228,000 | 9,458,000 | 7,144,000 | 7,269,000 | 793,000 | 407,000 | 1,898,000 | 6,714,000 | 17,893,000 | 31,769,000 | 16,968,000 | 31,766,000 | 120,585,000 | 276,374,000 | 505,091,000 | 17,873 | |||
short-term notes receivable, net of allowance for credit losses of 261 at september 30, 2025 | 4,348,000 | |||||||||||||||||||
related party warrant liabilities | 2,912,000 | 3,756,000 | 1,126,000 | 16,000 | 3,000 | 21,000 | 117,000 | 1,526,000 | ||||||||||||
class a common stock, 0.0001 par value... | 16,000 | 12,000 | 8,000 | 6,000 | 3,000 | 44,000 | 16,000 | 4,000 | 3,000 | 142,000 | 82,000 | 56,000 | 31,000 | 24,000 | 24,000 | 17,000 | 13,000 | |||
class b common stock, 0.0001 par value... | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | ||||||||||||||
preferred stock, 0.0001 par value... | ||||||||||||||||||||
notes payable | 4,188,000 | 4,132,000 | 4,224,000 | 56,086,000 | 77,394,000 | 63,769,000 | ||||||||||||||
series b preferred stock, 0.0001 par value... | ||||||||||||||||||||
additional paid-in capital | 4,501,989,000 | 4,456,374,000 | 4,421,563,000 | 4,345,624,000 | 4,257,313,000 | 4,202,125,000 | 4,180,869,000 | 4,128,990,000 | 4,065,136,000 | 3,723,446,000 | 3,655,771,000 | 3,603,368,000 | 3,491,041,000 | 3,487,415,000 | 3,482,226,000 | 3,475,314,000 | 5,816,446 | |||
accumulated other comprehensive income | 7,155,000 | 8,050,000 | 7,744,000 | 4,216,000 | 6,726,000 | 6,094,000 | 7,512,000 | 9,072,000 | 3,505,000 | |||||||||||
accumulated deficit | -4,449,300,000 | -4,324,624,000 | -4,314,346,000 | -4,193,087,000 | -4,115,401,000 | -4,006,716,000 | -3,958,499,000 | -3,874,702,000 | -3,796,656,000 | -3,470,098,000 | -3,476,585,000 | -3,322,685,000 | -3,219,308,000 | -3,077,614,000 | -2,907,644,000 | -2,823,345,000 | -15,246,454 | |||
total stockholders’ equity | 59,856,000 | 139,808,000 | 114,967,000 | 228,236,000 | 261,803,000 | 277,700,000 | 256,386,000 | 182,753,000 | 287,323,000 | 268,502,000 | 402,322,000 | 567,654,000 | 645,521,000 | |||||||
total liabilities and stockholders’ equity | 399,723,000 | 410,584,000 | 425,400,000 | 530,539,000 | 579,527,000 | 567,488,000 | 575,289,000 | 510,288,000 | 540,684,000 | 907,432,000 | 1,023,460,000 | 229,913,649 | ||||||||
current assets: | ||||||||||||||||||||
total current assets: | 79,685,000 | 70,071,000 | 82,736,000 | |||||||||||||||||
total assets: | 449,086,000 | 457,888,000 | 499,941,000 | |||||||||||||||||
current liabilities: | ||||||||||||||||||||
total current liabilities: | 247,882,000 | 268,161,000 | 256,990,000 | |||||||||||||||||
financial obligations on lease back transaction | 27,459,000 | |||||||||||||||||||
operating lease liabilities, less current portion | 11,760,000 | 12,805,000 | 13,860,000 | 14,306,000 | 14,868,000 | 16,622,000 | 17,398,000 | 18,640,000 | 18,217,000 | 16,885,000 | ||||||||||
notes payable, less current portion | 3,800,000 | 92,500,000 | 61,875,000 | 92,665,000 | 26,008,000 | 46,950,000 | 34,682,000 | 99,618,000 | ||||||||||||
total liabilities: | 292,330,000 | 309,206,000 | 298,422,000 | |||||||||||||||||
total stockholders’ equity: | 156,756,000 | 148,682,000 | 201,519,000 | |||||||||||||||||
total liabilities and stockholders’ equity: | 449,086,000 | 457,888,000 | 499,941,000 | |||||||||||||||||
operating lease right-of-use assets. net | 6,849,000 | |||||||||||||||||||
financial obligations on sale and lease back transaction | 26,836,000 | 26,234,000 | ||||||||||||||||||
property and equipment | 417,812,000 | 416,514,000 | 425,294,000 | 446,524,000 | 417,803,000 | 411,657,000 | 387,075,000 | 338,877,000 | 293,135,000 | 261,562,000 | ||||||||||
finance lease right-of-use assets | 12,090,000 | 12,181,000 | ||||||||||||||||||
finance lease liabilities, current portion | 1,442,000 | 1,416,000 | 1,390,000 | 1,807,000 | 1,903,000 | 2,287,000 | ||||||||||||||
related party notes payable, current portion | 9,760,000 | 8,830,000 | 8,778,000 | |||||||||||||||||
financial obligations on a sale and lease back transaction | 25,483,000 | |||||||||||||||||||
finance lease liabilities, less current portion | 5,475,000 | 5,844,000 | 6,209,000 | 6,917,000 | 7,295,000 | 7,390,000 | ||||||||||||||
related party notes payable, less current portion | 2,945,000 | 7,777,000 | ||||||||||||||||||
accumulated other comprehensive gain | 5,862,000 | 2,950,000 | 6,603,000 | |||||||||||||||||
bridge warrants | 28,521,000 | 95,130,000 | ||||||||||||||||||
operating leases liabilities, current portion | 2,538,000 | |||||||||||||||||||
finance leases liabilities, current portion | 1,364,000 | |||||||||||||||||||
finance leases liabilities, less current portion | 6,570,000 | |||||||||||||||||||
operating leases liabilities, less current portion | 18,044,000 | |||||||||||||||||||
right of use assets | 20,202,000 | 19,349,000 | 18,701,000 | |||||||||||||||||
accrued payroll and benefits | 31,124,000 | |||||||||||||||||||
other liabilities, less current portion | 3,531,000 | 3,609,000 | 3,785,000 | 3,720,000 | 4,129,000 | |||||||||||||||
liabilities, commitment to issue class a common stock and stockholders’ equity | ||||||||||||||||||||
commitment to issue class a common stock | 32,900,000 | 32,900,000 | ||||||||||||||||||
accumulated other comprehensive loss | -3,261,000 | -7,509,000 | -6,945,000 | -6,461,000 | ||||||||||||||||
total liabilities, commitment to issue class a common stock and stockholders’ equity | 588,242,000 | 706,064,000 | ||||||||||||||||||
vendor payables in trust | ||||||||||||||||||||
capital leases, less current portion | 7,570,000 | 35,988,000 | ||||||||||||||||||
obligation to issue registered shares of class a common stock | 22,511,000 | |||||||||||||||||||
prepaid expenses and other current assets | 107,034 | |||||||||||||||||||
cash and marketable securities held in trust account | 229,788,742 | |||||||||||||||||||
accounts payable and accrued expenses | 1,981,461 | |||||||||||||||||||
promissory note – related party | 500,000 | |||||||||||||||||||
convertible note – related party | 480,400 | |||||||||||||||||||
warrant liability | 6,605,462 | |||||||||||||||||||
commitments | ||||||||||||||||||||
common stock subject to possible redemption, 22,977,568 and 22,289,037 shares at redemption value as of june 30, 2021 and december 31, 2020, respectively | 229,775,680 | |||||||||||||||||||
common stock, 0.0001 par value... | 654 | |||||||||||||||||||
total stockholders’ deficit | -9,429,354 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||
net loss | -42,317,000 | -39,941,000 | -222,187,000 | -124,676,000 | -10,278,000 | -121,259,000 | -77,686,000 | -108,685,000 | -48,217,000 | -83,797,000 | -78,046,000 | -153,900,000 | -103,377,000 | -141,694,000 | -153,098,000 | -84,299,000 | ||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||
depreciation and amortization expense | 8,081,000 | 8,265,000 | 19,234,000 | 19,781,000 | 17,527,000 | 17,938,000 | 17,557,000 | 18,219,000 | 17,728,000 | 14,800,000 | 13,139,000 | 13,431,000 | 1,103,000 | -12,348,000 | 5,477,000 | 4,993,000 | 4,853,000 | 3,890,000 |
amortization of operating lease right-of-use assets | 1,010,000 | 833,000 | ||||||||||||||||
non-cash interest expense | 1,340,000 | 2,045,000 | 1,010,000 | 1,001,000 | 814,000 | -101,000 | 748,000 | 4,533,000 | 1,610,000 | 3,859,000 | 2,290,000 | 2,319,000 | 4,536,000 | |||||
loss on digital assets | 1,946,000 | 3,734,000 | ||||||||||||||||
loss on disposal of property and equipment | 328,000 | 744,000 | 1,395,000 | 276,000 | 44,000 | 755,000 | 0 | 0 | 3,698,000 | 1,288,000 | 0 | 1,204,000 | ||||||
impairment of intangible assets, including goodwill | 2,255,000 | |||||||||||||||||
stock-based compensation | -802,000 | 658,000 | 1,294,000 | 897,000 | 301,000 | 6,130,000 | 1,594,000 | 116,000 | 542,000 | 261,000 | -366,000 | -5,830,000 | 15,102,000 | 7,860,000 | 3,319,000 | 3,127,000 | 3,347,000 | 2,824,000 |
credit loss expense | 143,000 | |||||||||||||||||
accrued interest on short-term note receivable | -185,000 | |||||||||||||||||
payments for operating expenses made with digital assets | 338,000 | |||||||||||||||||
loss on settlement of notes payable | 8,431,000 | 15,629,000 | 44,216,000 | 59,128,000 | 46,978,000 | 11,403,000 | 21,357,000 | 180,507,000 | 3,021,000 | |||||||||
loss on settlement of related party notes payable | 2,088,000 | 10,756,000 | ||||||||||||||||
h.s.l. srl. settlement adjustment | 0 | |||||||||||||||||
change in fair value of notes payable, warrant liabilities, and derivative liabilities | -2,771,000 | -12,372,000 | ||||||||||||||||
change in fair value of related party notes payable, warrant liabilities, and derivative liabilities | -1,439,000 | -1,656,000 | ||||||||||||||||
other | -267,000 | -195,000 | 82,000 | 597,000 | -341,000 | 339,000 | 331,000 | 338,000 | 452,000 | 108,000 | 108,000 | 108,000 | ||||||
changes in operating assets and liabilities | ||||||||||||||||||
accounts receivables | -16,000 | 332,000 | 56,000 | 19,000 | -664,000 | |||||||||||||
inventory | 2,029,000 | -762,000 | 838,000 | 268,000 | 362,000 | -682,000 | 1,465,000 | 680,000 | 4,804,000 | 986,000 | -24,914,000 | |||||||
deposits | -2,678,000 | -2,958,000 | 4,913,000 | 492,000 | -2,823,000 | -1,863,000 | -2,404,000 | -2,394,000 | 5,955,000 | 33,574,000 | -1,470,000 | 11,603,000 | -29,370,000 | 14,772,000 | 2,260,000 | 4,264,000 | 6,840,000 | -12,707,000 |
accounts payable | -3,761,000 | -5,005,000 | -6,779,000 | -3,408,000 | -651,000 | -7,068,000 | 172,000 | -5,467,000 | 3,559,000 | -53,000 | 3,933,000 | 20,272,000 | -10,367,000 | 29,554,000 | 3,064,000 | 18,656,000 | 5,747,000 | 3,809,000 |
accrued expenses and other current and non-current liabilities | -1,644,000 | 4,296,000 | 6,945,000 | |||||||||||||||
related party accrued expenses and other current and non-current liabilities | -349,000 | 364,000 | 1,314,000 | -150,000 | 139,000 | |||||||||||||
operating lease liabilities | -2,521,000 | -888,000 | -707,000 | -1,274,000 | -703,000 | -1,066,000 | -53,000 | -1,326,000 | -755,000 | -879,000 | -741,000 | -555,000 | -542,000 | 1,266,000 | -1,208,000 | -796,000 | -882,000 | |
other current and non-current assets | 1,377,000 | 3,304,000 | -5,958,000 | -949,000 | 2,515,000 | 9,353,000 | -2,066,000 | 11,428,000 | -1,808,000 | 531,000 | -6,392,000 | -3,391,000 | 6,368,000 | 7,170,000 | ||||
net cash from operating activities | -31,472,000 | -28,405,000 | -35,563,000 | -23,313,000 | -20,295,000 | -18,390,000 | -22,705,000 | -14,372,000 | -14,719,000 | -37,808,000 | -79,662,000 | -57,728,000 | -102,980,000 | -27,949,000 | -120,005,000 | -112,740,000 | -122,364,000 | -101,887,000 |
capital expenditures | -221,000 | -1,119,000 | -1,518,000 | -3,439,000 | -1,568,000 | 0 | -301,000 | -259,000 | -99,000 | -20,263,000 | 15,006,000 | -8,979,000 | -16,873,000 | -11,123,000 | -21,865,000 | -45,836,000 | -44,398,000 | -58,417,000 |
free cash flows | -31,693,000 | -29,524,000 | -37,081,000 | -26,752,000 | -21,863,000 | -18,390,000 | -23,006,000 | -14,631,000 | -14,818,000 | -58,071,000 | -64,656,000 | -66,707,000 | -119,853,000 | -39,072,000 | -141,870,000 | -158,576,000 | -166,762,000 | -160,304,000 |
cash flows from investing activities | ||||||||||||||||||
purchase of digital assets | -338,000 | -16,500,000 | ||||||||||||||||
sale of digital assets | 2,107,000 | 4,107,000 | ||||||||||||||||
payments for property and equipment | -221,000 | -1,119,000 | -1,518,000 | -3,439,000 | -1,568,000 | -20,263,000 | 15,006,000 | -8,979,000 | -16,873,000 | -11,123,000 | -21,865,000 | -45,836,000 | -44,398,000 | -58,417,000 | ||||
payments for intangible assets | -274,000 | |||||||||||||||||
net cash provided (used in) investing activities | 1,274,000 | |||||||||||||||||
cash flows from financing activities | ||||||||||||||||||
proceeds from notes payable, net of original issuance discount | 8,820,000 | 19,348,000 | 83,821,000 | 26,570,000 | 22,000,000 | 14,090,000 | 30,105,000 | 14,878,000 | 9,038,000 | 1,800,000 | 47,850,000 | 29,000,000 | 131,800,000 | 33,750,000 | 0 | |||
proceeds from related party notes payable, net of original issuance discount | 0 | 0 | ||||||||||||||||
proceeds from other financial obligations | 279,000 | 418,000 | 3,251,000 | 1,133,000 | ||||||||||||||
payments of notes payable issuance costs | -487,000 | 0 | -1,019,000 | -1,422,000 | -99,000 | -1,021,000 | 0 | |||||||||||
payments of notes payable and other financing obligations | -353,000 | -450,000 | -4,115,000 | -58,000 | -309,000 | |||||||||||||
payments of related party notes payable | -145,000 | 0 | ||||||||||||||||
net cash from financing activities | 7,835,000 | 25,619,000 | 80,731,000 | 30,451,000 | 24,601,000 | 25,048,000 | 28,970,000 | 14,702,000 | 12,013,000 | 53,881,000 | 55,727,000 | 47,395,000 | 134,443,000 | 34,214,000 | 44,905,000 | -164,000 | -85,676,000 | -426,000 |
effect of exchange rate changes on cash and restricted cash | -331,000 | -1,463,000 | -776,000 | 69,000 | -419,000 | -23,000 | 8,000 | 1,000 | -2,000 | -352,000 | -1,900,000 | 5,434,000 | 170,000 | -10,556,000 | 9,359,000 | 2,888,000 | -653,000 | |
net increase in cash and restricted cash | -22,694,000 | -27,983,000 | 49,676,000 | 3,768,000 | 2,319,000 | -13,878,000 | 14,760,000 | -15,414,000 | -87,606,000 | -155,852,000 | -253,091,000 | |||||||
cash and restricted cash, beginning of period | 34,954,000 | 0 | 0 | 0 | 7,174,000 | 0 | 0 | 0 | 4,025,000 | 0 | 0 | 0 | 18,514,000 | 0 | 0 | 0 | 530,477,000 | |
cash and restricted cash, end of period | 12,260,000 | -27,983,000 | 49,676,000 | 3,768,000 | 9,493,000 | -175,000 | 5,972,000 | 72,000 | 1,305,000 | -4,542,000 | -10,829,000 | -13,878,000 | 33,274,000 | -15,414,000 | -87,606,000 | -155,852,000 | 277,386,000 | |
asset impairment | -1,048,000 | |||||||||||||||||
goodwill impairment | ||||||||||||||||||
reserve on inventory | 3,444,000 | 10,632,000 | ||||||||||||||||
settlement on accrued research and development expenses | ||||||||||||||||||
accrued expenses and other current liabilities | -13,575,000 | -4,012,000 | 5,875,000 | 1,749,000 | 4,219,000 | -17,925,000 | -9,626,000 | -37,413,000 | -1,742,000 | 14,527,000 | 25,950,000 | |||||||
related party accrued interest expense | ||||||||||||||||||
financing lease liabilities | ||||||||||||||||||
acquisition of aixc, net of cash acquired | ||||||||||||||||||
proceeds from sale of equipment | 0 | 0 | 87,000 | |||||||||||||||
purchase of short-term note receivable | ||||||||||||||||||
additions to intangible assets | ||||||||||||||||||
net cash from investing activities | -23,734,000 | 5,284,000 | -3,439,000 | -1,568,000 | -6,810,000 | -301,000 | -259,000 | -12,000 | -20,263,000 | 15,006,000 | -8,979,000 | -16,873,000 | -11,123,000 | -21,865,000 | -45,836,000 | -44,398,000 | -58,417,000 | |
proceeds from aixc follow-on capital contribution, net of issuance costs | ||||||||||||||||||
payments of related party notes payable issuance costs | -3,457,000 | |||||||||||||||||
capital contributions | ||||||||||||||||||
proceeds from exercise of warrants | 0 | 0 | 0 | -5,000 | 4,079,000 | 2,501,000 | ||||||||||||
loss on foreign exchange | -327,000 | 2,392,000 | -2,105,000 | -2,286,000 | 54,000 | -489,000 | 653,000 | 0 | 0 | 1,590,000 | 894,000 | 978,000 | ||||||
investment in qualigen therapeutics, inc., net of cash acquired | ||||||||||||||||||
amortization of operating lease right-of-use assets and intangible assets | 743,000 | 553,000 | 736,000 | |||||||||||||||
loss on lease impairment | ||||||||||||||||||
loss from settlement of notes payable | 22,458,000 | 15,920,000 | ||||||||||||||||
loss from settlement of related party notes payable | 1,860,000 | 1,180,000 | ||||||||||||||||
gain from forgiveness of accounts payable and deposits | ||||||||||||||||||
hsl s.l.r. settlement adjustment | 0 | -295,000 | ||||||||||||||||
gain on foreign exchange | ||||||||||||||||||
change in fair value of notes payable, warrant liabilities, and derivative call options | 46,078,000 | -51,458,000 | ||||||||||||||||
change in fair value of related party notes payable and related party warrant liabilities | 5,150,000 | 277,000 | 62,000 | -654,000 | 332,000 | 7,000 | ||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||
accrued related party interest expense | 1,166,000 | 2,430,000 | ||||||||||||||||
financial obligations on lease back transaction | ||||||||||||||||||
proceeds from the sale of equipment | ||||||||||||||||||
proceeds from related party notes payable | 2,725,000 | 1,876,000 | 0 | 75,000 | 0 | 3,000,000 | 0 | |||||||||||
accrued interest expense | 5,114,000 | 614,000 | 101,000 | 70,000 | -197,000 | 253,000 | -2,865,000 | -1,928,000 | -7,928,000 | |||||||||
loss on disposal on property, plant, and equipment | ||||||||||||||||||
loss from failed sale leaseback arrangement | ||||||||||||||||||
gain on settlement on accrued research and development expenses | ||||||||||||||||||
payments of finance lease obligations | 0 | -343,000 | -338,000 | -335,000 | -478,000 | -474,000 | -470,000 | -466,000 | ||||||||||
proceeds from exercise of stock options | 0 | 0 | 0 | 44,000 | 0 | 7,181,000 | 499,000 | 1,855,000 | 95,000 | |||||||||
proceeds from issuance of class a common stock | ||||||||||||||||||
lease impairment loss | 57,000 | |||||||||||||||||
loss on disposal of property, plant and equipment | 2,582,000 | 16,000 | -87,000 | |||||||||||||||
change in fair value of notes payable and warrant liabilities | -8,287,000 | 7,245,000 | -27,885,000 | |||||||||||||||
change in fair value measurement of earnout liability | 2,764,000 | |||||||||||||||||
amortization of operating lease right-of-use asset | 479,000 | 719,000 | 749,000 | |||||||||||||||
loss on related party notes payable | 0 | 0 | 14,295,000 | |||||||||||||||
financial obligations on sale and lease back transaction | 623,000 | 602,000 | 751,000 | |||||||||||||||
purchase of property, plant and equipment | -301,000 | -259,000 | -99,000 | |||||||||||||||
proceeds from sale of common stock, net of issuance costs | ||||||||||||||||||
payments of notes payable | -89,000 | -6,000 | ||||||||||||||||
settlement of notes payable transaction costs | -1,121,000 | -164,000 | -25,000 | -695,000 | -1,139,000 | |||||||||||||
net change in cash and restricted cash | 5,972,000 | 72,000 | -2,720,000 | |||||||||||||||
loss on forgiveness of accounts payable and deposits | ||||||||||||||||||
settlement of related party notes payable transaction costs | ||||||||||||||||||
gain on forgiveness of accounts payable and deposits | -518,000 | |||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities | ||||||||||||||||||
recognition of lease impairment from sale leaseback arrangement | ||||||||||||||||||
change in fair value measurement of related party notes payable and warrant liability | ||||||||||||||||||
change in fair value measurement of notes payable and warrant liability | ||||||||||||||||||
loss on extinguishment of related party notes payable and notes payable | ||||||||||||||||||
proceeds from a sale and lease back transaction | ||||||||||||||||||
payments of notes payable, including liquidation premium | ||||||||||||||||||
repurchase and retirement of common stock | ||||||||||||||||||
debt conversion | ||||||||||||||||||
non-cash change in fair value of related party notes payable and related party warrant liabilities | -4,726,000 | |||||||||||||||||
non-cash change in fair value of notes payable and warrant liabilities | -17,531,000 | |||||||||||||||||
change in fair value of earnout liability | -719,000 | |||||||||||||||||
change in operating lease right-of-use assets | 1,072,000 | |||||||||||||||||
loss on write-off of vendor deposits | ||||||||||||||||||
accrued payroll and benefits | ||||||||||||||||||
proceeds from the sale of common stock, net of issuance costs | ||||||||||||||||||
payment of notes payable issuance costs | ||||||||||||||||||
repurchase of common stock | ||||||||||||||||||
net decrease in cash and restricted cash | ||||||||||||||||||
net income | 6,487,000 | |||||||||||||||||
change in fair value measurement of related party notes payable and notes payable | -79,462,000 | -26,093,000 | ||||||||||||||||
change in fair value measurement of warrant liability | -18,219,000 | |||||||||||||||||
vesting of restricted stock awards for employee bonus | 3,997,000 | |||||||||||||||||
loss on extinguishment of related party notes payable, notes payable and vendor payables in trust | ||||||||||||||||||
gain on forgiveness of vendor payables in trust | 0 | |||||||||||||||||
reserve for unrecoverable value added taxes | 0 | |||||||||||||||||
transfers between vendor payables in trust and accounts payable | 0 | |||||||||||||||||
payments of capital lease obligations | -521,000 | |||||||||||||||||
proceeds from issuance of class a common stock in the business combination | 0 | |||||||||||||||||
proceeds from issuance of class a common stock pursuant to the pipe financing | 0 | |||||||||||||||||
transaction costs paid in connection with the business combination | 0 | |||||||||||||||||
transaction costs paid in connection with the pipe financing | 0 | |||||||||||||||||
payments of vendor payables in trust | ||||||||||||||||||
payments of stock issuance costs | 0 | |||||||||||||||||
loss on write-off of vendor deposits, net and (gain) on write-off of accounts payable | ||||||||||||||||||
loss on extinguishment or settlement of related party notes payable, notes payable and vendor payables in trust | ||||||||||||||||||
change in fair value measurements | -5,158,000 | -1,186,000 | -37,694,000 | |||||||||||||||
other current and other non-current assets | -47,000 | 2,095,000 | ||||||||||||||||
payments of notes payable, including payment premium | -193,000 | -87,065,000 | ||||||||||||||||
loss upon cancellation of a lease | ||||||||||||||||||
gain on forgiveness of accounts payable and loss on write-off of vendor deposits | ||||||||||||||||||
loss at settlement of related party notes payable, notes payable, and vendor payables in trust | ||||||||||||||||||
proceeds from payments on notes receivable | ||||||||||||||||||
payments of notes payable, including liquidation premiums | ||||||||||||||||||
payment of payables in vendor payables in trust | ||||||||||||||||||
loss on cancellation of lease | ||||||||||||||||||
gain on write-off of accounts payable and loss on write-off of vendor deposits | ||||||||||||||||||
loss on settlement of related party notes payable, notes payable and vendor payables in trust | ||||||||||||||||||
other current assets | ||||||||||||||||||
other non-current assets | ||||||||||||||||||
proceeds from payments of notes receivables | ||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents and restricted cash | ||||||||||||||||||
net increase in cash and cash equivalents and restricted cash | ||||||||||||||||||
cash and cash equivalents and restricted cash, beginning of period | ||||||||||||||||||
cash and cash equivalents and restricted cash, end of period |
