Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 249,649 $ 105,125
Restricted cash 25,086 0
Accounts receivable 22,824 0
Contract assets 24,714 0
Prepaid expenses and other current assets 9,421 5,538
Total current assets 331,694 110,663
Property and equipment, net 1,577 11,868
Right-of-Use assets, net 1,378 1,238
Other assets 3,900 1,525
Total Assets 338,549 125,294
Current Liabilities    
Accounts payable 2,801 1,979
Accrued expenses 3,669 4,704
Contract liabilities, current portion 27,517 0
Long-term finance leases, current portion 37 48
Long-term operating leases, current portion 676 612
Total current liabilities 34,700 7,343
Deferred pension obligation 166 734
Asset retirement obligation 819 978
Contract liabilities, long-term portion 1,500 1,500
Long-term finance leases 23 34
Long-term operating leases 760 662
Warrant liability 271 0
Total liabilities 38,239 11,251
Commitments and contingencies
Convertible preferred stock, $0.0001 par value; 85,741 shares authorized, 85,741 shares issued and outstanding at December 31, 2021; liquidation preference of $171,348 0 182,709
Stockholders’ Equity (Deficit)    
Preferred stock, $0.0001 par value; 5,000 shares authorized, none issued 0 0
Common stock, $0.0001 par value; 500,000 shares authorized, 137,839 shares issued, and 137,839 outstanding at September 30, 2022; 120,568 shares authorized, 20,432 shares issued, and 20,432 outstanding at December 31, 2021 14 0
Additional paid-in capital 424,499 713
Accumulated deficit (123,988) (68,966)
Accumulated other comprehensive loss (215) (413)
Total stockholders’ equity (deficit) 300,310 (68,666)
Total Liabilities, Convertible Preferred Stock, and Stockholders’ Equity (Deficit) $ 338,549 $ 125,294