Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Jan. 01, 2023
Jan. 02, 2022
Dec. 31, 2020
Income Statement [Abstract]      
Revenue $ 6,202,000 $ 0 $ 0
Cost of revenue 23,239,000 1,967,000 3,375,000
Gross margin (17,037,000) (1,967,000) (3,375,000)
Operating expenses:      
Research and development 58,051,000 37,850,000 14,442,000
Selling, general and administrative 51,970,000 29,705,000 5,713,000
Impairment of equipment [1] 4,921,000 0 0
Total operating expenses 114,942,000 67,555,000 20,155,000
Loss from operations (131,979,000) (69,522,000) (23,530,000)
Other income (expense):      
Change in fair value of convertible preferred stock warrants and common stock warrants 75,180,000 (56,141,000) (13,789,000)
Issuance of convertible preferred stock warrants 0 0 (1,476,000)
Change in fair value of convertible promissory notes 0 0 (2,422,000)
Gain on extinguishment of paycheck protection program loan 0 0 1,628,000
Interest income (expense), net 5,231,000 (187,000) (107,000)
Other income (expense), net (54,000) (24,000) 46,000
Total other income (expense), net 80,357,000 (56,352,000) (16,120,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent (51,622,000) (125,874,000) (39,650,000)
Net loss and comprehensive loss $ (51,622,000) $ (125,874,000) $ (39,650,000)
Net loss per share, basic (in dollars per share) $ (0.34) $ (1.07) $ (0.49)
Weighted average number of common shares outstanding, basic (in shares) 152,918,287 117,218,893 80,367,324
Net loss per share, diluted (in dollars per share) $ (0.82) $ (1.07) $ (0.49)
Weighted average number of common shares outstanding, diluted (in shares) 154,149,367 117,218,893 80,367,324
[1] As of January 1, 2023, $1.7 million of the $4.9 million impairment of equipment was recorded as accrued expenses on the Consolidated Balance Shee