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
Apr. 03, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 408,178 $ 385,293
Deferred contract costs 4,547 4,554
Prepaid expenses and other current assets 2,824 8,274
Total current assets 415,549 398,121
Property and equipment, net 83,102 76,613
Operating lease, right-of-use assets 6,535 6,669
Other assets, non-current 1,105 1,162
Total assets 506,291 482,565
Current liabilities:    
Accounts payable 1,535 3,144
Accrued expenses 4,620 7,109
Accrued compensation 4,850 4,101
Deferred revenue 5,575 5,575
Other liabilities 875 707
Total current liabilities 17,455 20,636
Warrant liability 56,460 124,260
Operating lease liabilities, non-current 8,870 9,071
Deferred revenue, non-current 2,290 2,290
Other liabilities, non-current 162 191
Total liabilities 85,237 156,448
Stockholders' equity:    
Common stock, $0.0001 par value; authorized shares of 1,000,000,000; issued and outstanding shares of 157,097,862 and 152,272,287 as of April 3, 2022 and January 2, 20220, respectively 15 15
Preferred stock, $0.0001 par value; authorized shares of 10,000,000 and none as of April 3, 2022 and January 2, 2022; none issued and outstanding shares as of April 3, 2022 and January 2, 2022, respectively
Additional paid in capital 711,484 659,254
Accumulated deficit (290,445) (333,152)
Total stockholders' equity 421,054 326,117
Total liabilities and stockholders' equity $ 506,291 $ 482,565