Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 01, 2023
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 322,851 $ 385,293
Accounts receivable, net 170 0
Inventory 634 0
Deferred contract costs 800 4,554
Prepaid expenses and other current assets 5,193 8,274
Total current assets 329,648 398,121
Property and equipment, net 103,868 76,613
Operating lease, right-of-use assets 6,133 6,669
Other assets, non-current 937 1,162
Total assets 440,586 482,565
Current liabilities:    
Accounts payable 7,077 3,144
Accrued expenses 7,089 7,109
Accrued compensation 8,097 4,101
Deferred revenue 50 5,575
Other liabilities 716 707
Total current liabilities 23,029 20,636
Warrant liability 49,080 124,260
Operating lease liabilities, non-current 8,234 9,071
Deferred revenue, non-current 3,724 2,290
Other liabilities, non-current 92 191
Total liabilities 84,159 156,448
Commitments and Contingencies (Note 10)
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares of 1,000,000,000; issued and outstanding shares of 157,461,802 and 152,272,287 as of January 1, 2023 and January 2, 2022, respectively 15 15
Preferred stock, $0.0001 par value; authorized shares of 10,000,000; no shares issued or outstanding as of January 1, 2023 and January 2, 2022, respectively 0 0
Additional paid-in-capital 741,186 659,254
Accumulated deficit (384,774) (333,152)
Total stockholders’ equity 356,427 326,117
Total liabilities and stockholders’ equity $ 440,586 $ 482,565