Annual report [Section 13 and 15(d), not S-K Item 405]

Restatement of Quarterly Financial Information (Unaudited) - Condensed Consolidated Statements of Operations (Details)

v3.25.0.1
Restatement of Quarterly Financial Information (Unaudited) - Condensed Consolidated Statements of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Unaudited Condensed Consolidated Statements of Operations                            
Revenue                 $ 621   $ 4,570   $ 97,612 $ 70,767
Cost of revenue                         59,024 53,626
Gross profit                         38,588 17,141
Research and development                         27,650 22,073
General and administrative                         41,999 44,892
Allowance for current expected credit loss on notes receivable                         1,218 0
Total operating expenses                         97,368 96,016
Loss from operations                         (58,780) (78,875)
Other (expense) income, net                         (748) (2,769)
Total other income (expense), net                         (18,920) (19,852)
Loss before income taxes                         (77,700) (98,727)
Income tax provision                         (142) 285
Net loss                         $ (77,558) $ (99,012)
Basic net loss per share [1]                         $ (3.96) $ (5.66)
Diluted net loss per share [1]                         $ (3.96) $ (5.66)
Weighted-average shares used in computing basic net loss per share [1]                         19,580,006 17,484,927
Weighted-average shares used in computing diluted net loss per share [1]                         19,580,006 17,484,927
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Comprehensive Loss [Abstract]                            
Net loss                         $ (77,558) $ (99,012)
Foreign currency translation adjustments                         2,318 (7,657)
Comprehensive loss                         (75,206) (106,702)
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Cash Flows [Abstract]                            
Net Income (Loss)                         (77,558) (99,012)
Change in contract assets                         1,647 713
Other current assets                         (9,803) 2,459
Change in contract liabilities                         13,693 16,618
Net Cash used in operating activities                         (36,307) (45,741)
Purchase of property and equipment                         (17,352) (20,994)
Net cash used in investing activities                         (4,968) (43,907)
Effect of foreign currency translation on cash, cash equivalent and restricted cash                         (568) 1,199
Restatements Adjustment [Member]                            
Unaudited Condensed Consolidated Statements of Operations                            
Revenue $ 24,204 [2] $ 22,126 [3] $ 28,065 [3] $ 23,217 [3] $ 19,780 [4] $ 18,535 [5] $ 16,703 [5] $ 15,749 [5] 51,282 [2] $ 32,452 [4] 73,408 [2] $ 50,987 [4]    
Cost of revenue 17,770 [6] 12,640 [7] 15,245 [7] 13,369 [7] 13,652 [8] 13,259 [9] 12,919 [9] 13,796 [9] 28,614 [6] 26,715 [8] 41,254 [6] 39,974 [8]    
Gross profit 6,434 9,486 12,820 9,848 6,128 5,276 3,784 1,953 22,668 5,737 32,154 11,013    
Research and development 4,746 [10] 7,931 [11] 7,655 [11] 7,318 [11] 6,544 [12] 5,824 [13] 4,934 [13] 4,771 [13] 14,973 [10] 9,705 [12] 22,904 [10] 15,529 [12]    
General and administrative 8,235 [14] 11,223 [15] 10,718 [15] 11,823 [15] 10,938 [16] 9,919 [17] 11,320 [17] 12,715 [17] 22,541 [14] 24,035 [16] 33,764 [14] 33,954 [16]    
Allowance for current expected credit loss on notes receivable [18] 1,218               0   0      
Total operating expenses 19,500 26,303 25,574 25,991 25,106 23,537 22,982 24,391 51,565 47,373 77,868 70,910    
Loss from operations (13,066) (16,817) (12,754) (16,143) (18,978) (18,261) (19,198) (22,438) (28,897) (41,636) (45,714) (59,897)    
Foreign exchange loss 2,837 [19] (1,840) [20] (486) [20] 1,013 [20] 0 (2,807) [21] 0 [21] 0 [21] 527 [19] (1,313) [19]      
Other (expense) income, net (444) [22] (387) [23] (1,130) [23] (311) [23] 4,597 [24]     (1,068) [25] (1,441) [22]   (1,828) [22] (1,018) [24]    
Total other income (expense), net (4,706) (6,521) (5,204) (2,489) (1,318) (5,468) (21,687) 8,621 (7,693) (13,066) (14,214) (18,534)    
Loss before income taxes (17,772) (23,338) (17,958) (18,632) (20,296) (23,729) (40,885) (13,817) (36,590) (54,702) (59,928) (78,431)    
Income tax provision (578) [26] (1) [27] 414 [27] 23 [27] (74) [28] 15 [29] 74 [29] 270 [29] 437 [26] 344 [28] 436 [26] 359 [28]    
Net loss $ (17,194) $ (23,337) $ (18,372) $ (18,655) $ (20,222) $ (23,744) $ (40,959) $ (14,087) $ (37,027) $ (55,046) $ (60,364) $ (78,790)    
Basic net loss per share $ (0.82) [30] $ (1.12) [31] $ (0.99) [31] $ (1.03) [31] $ (1.15) [32] $ (1.36) [32],[33] $ (2.35) [33] $ (0.81) [33] $ (2.03) [30] $ (3.16) [32] $ (3.16) [30] $ (4.51) [32]    
Diluted net loss per share $ (0.82) [30] $ (1.12) [31] $ (0.99) [31] $ (1.03) [31] $ (1.15) [32] $ (1.36) [32],[33] $ (2.35) [33] $ (0.81) [33] $ (2.03) [30] $ (3.16) [32] $ (3.16) [30] $ (4.51) [32]    
Weighted-average shares used in computing basic net loss per share 20,953,695 [30] 20,756,394 [31] 18,468,949 [31] 18,096,363 [31] 17,572,199 [32] 17,492,871 [32],[33] 17,460,934 [33] 17,409,317 [33] 18,283,958 [30] 17,435,268 [32] 19,117,078 [30] 17,454,680 [32]    
Weighted-average shares used in computing diluted net loss per share 20,953,695 [30] 20,756,394 [31] 18,468,949 [31] 18,096,363 [31] 17,572,199 [32] 17,492,871 [32],[33] 17,460,934 [33] 17,409,317 [33] 18,283,958 [30] 17,435,268 [32] 19,117,078 [30] 17,454,680 [32]    
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Comprehensive Loss [Abstract]                            
Net loss $ (17,194) $ (23,337) $ (18,372) $ (18,655) $ (20,222) $ (23,744) $ (40,959) $ (14,087) $ (37,027) $ (55,046) $ (60,364) $ (78,790)    
Foreign currency translation adjustments 1,150 [34] (1,575) [35] 4,357 [35] (1,614) [35] (2,542) [36] (4,893) [37] (2,130) [37] 1,908 [37] 2,743 [34] (222) [36] 1,168 [34] (5,115) [36]    
Comprehensive loss (16,045) (24,914) (14,022) (20,225) (22,711)       (34,247) (55,351) (59,161) (83,991)    
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Cash Flows [Abstract]                            
Net Income (Loss) (17,194) (23,337) (18,372) (18,655) (20,222) (23,744) (40,959) (14,087) (37,027) (55,046) (60,364) (78,790)    
Change in contract assets       (787) [38]       (844) [39] (1,307) [38] (1,357) [39] (345) [38] (1,282) [39]    
Other current assets [40]       (688)         (1,654)   (7,396)      
Change in contract liabilities       2,154 [41]       691 [42] 4,648 [41] 8,346 [42] 10,991 [41] 13,135 [42]    
Net Cash used in operating activities       (12,726)       (14,991) (28,615) (32,494) (39,434) (42,747)    
Purchase of property and equipment       (3,213) [43]       (4,243) [44] (6,653) [43] (12,485) [44] (11,993) [43] (15,907) [44]    
Net cash used in investing activities       (5,521)       (4,262) (4,098) (33,103) (8,245) (38,303)    
Effect of foreign currency translation on cash, cash equivalent and restricted cash [45]       (1,846)         538   2,291      
As Previously Reported                            
Unaudited Condensed Consolidated Statements of Operations                            
Revenue [46]                         105,703 80,268
Cost of revenue [47]                         42,434 40,327
Gross profit                         63,269 39,941
Research and development [48]                         38,923 35,153
General and administrative [49]                         42,494 44,831
Total operating expenses                         107,918 109,035
Loss from operations                         (44,649) (69,094)
Foreign exchange loss [21]           (2,806) 0 0            
Other (expense) income, net           (660) [25],[29] (2,876) [25] (1,169) [25]         (1,063) [50] (2,912) [50]
Loss before income taxes                         (63,884) (89,089)
Income tax provision [51]                         72 322
Net loss                         $ (63,956) $ (89,411)
Basic net loss per share [52]                         $ (3.27) $ (5.11)
Diluted net loss per share [52]                         $ (3.27) $ (5.11)
Weighted-average shares used in computing basic net loss per share [52]                         19,580,006 17,484,927
Weighted-average shares used in computing diluted net loss per share [52]                         19,580,006 17,484,927
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Comprehensive Loss [Abstract]                            
Net loss                         $ (63,956) $ (89,411)
Foreign currency translation adjustments [53]                           (7,696)
Comprehensive loss           (26,783) (40,560) (9,933)           (97,140)
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Cash Flows [Abstract]                            
Net Income (Loss)                         (63,956) (89,411)
Change in contract assets [54]                         (2,463) (1,364)
Other current assets [55]                         (3,246) 324
Change in contract liabilities [56]                         6,352 7,776
Net Cash used in operating activities                         (23,622) (47,820)
Purchase of property and equipment [57]                         (30,037) (18,915)
Net cash used in investing activities                         (17,653) (41,828)
Effect of foreign currency translation on cash, cash equivalent and restricted cash [58]                         (560) 1,199
As Previously Reported | Restatements Adjustment [Member]                            
Unaudited Condensed Consolidated Statements of Operations                            
Revenue 27,725 [2] 27,317 [3] 26,493 [3] 24,168 [3] 22,385 [4] 20,418 [5] 19,395 [5] 18,070 [5] 50,661 [2] 37,465 [4] 77,978 [2] 57,883 [4]    
Cost of revenue 12,886 [6] 9,555 [7] 9,633 [7] 10,360 [7] 10,710 [8] 10,198 [9] 9,573 [9] 9,846 [9] 19,993 [6] 19,419 [8] 29,548 [6] 29,617 [8]    
Gross profit 14,839 17,762 16,860 13,808 11,675 10,220 9,822 8,224 30,668 18,046 48,430 28,266    
Research and development 8,970 [10] 10,538 [11] 9,752 [11] 9,663 [11] 9,392 [12] 8,879 [13] 8,225 [13] 8,657 [13] 19,415 [10] 16,882 [12] 29,953 [10] 25,761 [12]    
General and administrative 8,776 [14] 11,049 [15] 10,899 [15] 11,770 [15] 10,970 [16] 9,903 [17] 11,274 [17] 12,684 [17] 22,669 [14] 23,958 [16] 33,718 [14] 33,861 [16]    
Allowance for current expected credit loss on notes receivable [18] 0               0   0      
Total operating expenses 23,047 28,736 27,852 28,283 27,986 26,576 26,227 28,246 56,135 54,473 84,871 81,049    
Loss from operations (8,208) (10,974) (10,992) (14,475) (16,311) (16,356) (16,405) (20,022) (25,467) (36,427) (36,441) (52,783)    
Foreign exchange loss 2,740 [19] (1,829) [20] (435) [20] 1,024 [20] 0       589 [19] (1,240) [19] (6,346)    
Other (expense) income, net (143) [22] (620) [23] (1,038) [23] (762) [23] 4,599 [24]       (1,800) [22] (4,045) [24] (2,420) [22] (1,165) [24]    
Total other income (expense), net (4,502) (6,743) (5,061) (2,929) (1,316) (5,401) (21,798) 8,520 (7,990) (13,278) (14,733) (18,679)    
Loss before income taxes (12,710) (17,717) (16,053) (17,404) (17,627) (21,757) (38,203) (11,502) (33,457) (49,705) (51,174) (71,462)    
Income tax provision (488) [26] 78 [27] 213 [27] 269 [27] (84) [28] 54 [29] 62 [29] 290 [29] 482 [26] 352 [28] 560 [26] 406 [28]    
Net loss $ (12,222) $ (17,795) $ (16,266) $ (17,673) $ (17,543) $ (21,811) $ (38,265) $ (11,792) $ (33,939) $ (50,057) $ (51,734) $ (71,868) (63,956)  
Basic net loss per share $ (0.58) [30] $ (0.86) [31] $ (0.88) [31] $ (0.98) [31] $ (1) [32] $ (1.25) [32],[33] $ (2.19) [33] $ (0.68) [33] $ (1.86) [30] $ (2.87) [32] $ (2.71) [30] $ (4.12) [32]    
Diluted net loss per share $ (0.58) [30] $ (0.86) [31] $ (0.88) [31] $ (0.98) [31] $ (1) [32] $ (1.25) [32],[33] $ (2.19) [33] $ (0.68) [33] $ (1.86) [30] $ (2.87) [32] $ (2.71) [30] $ (4.12) [32]    
Weighted-average shares used in computing basic net loss per share 20,953,695 [30] 20,756,394 [31] 18,468,949 [31] 18,096,363 [31] 17,572,199 [32] 17,492,871 [32],[33] 17,460,934 [33] 17,409,317 [33] 18,283,958 [30] 17,435,268 [32] 19,117,078 [30] 17,454,680 [32]    
Weighted-average shares used in computing diluted net loss per share 20,953,695 [30] 20,756,394 [31] 18,468,949 [31] 18,096,363 [31] 17,572,199 [32] 17,492,871 [32],[33] 17,460,934 [33] 17,409,317 [33] 18,283,958 [30] 17,435,268 [32] 19,117,078 [30] 17,454,680 [32]    
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Comprehensive Loss [Abstract]                            
Net loss $ (12,222) $ (17,795) $ (16,266) $ (17,673) $ (17,543) $ (21,811) $ (38,265) $ (11,792) $ (33,939) $ (50,057) $ (51,734) $ (71,868) (63,956)  
Foreign currency translation adjustments 1,505 [34] (1,779) [35] 4,341 [35] (1,589) [35] (2,374) [36] (4,969) [37] (2,212) [37] 1,859 [37] 2,752 [34] (353) [36] 973 [34] (5,322) [36] 2,478 [53]  
Comprehensive loss (10,718) (19,576) (11,932) (19,218) (19,864)       (31,150) (50,493) (50,726) (77,276) (61,444)  
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Cash Flows [Abstract]                            
Net Income (Loss) (12,222) (17,795) (16,266) (17,673) (17,543) (21,811) (38,265) (11,792) (33,939) (50,057) (51,734) (71,868) (63,956)  
Change in contract assets       (855) [38]       (1,531) [39] (1,506) [38] (2,390) [39] (1,146) [38] (1,445) [39]    
Other current assets [40]       117         263   (177)      
Change in contract liabilities       1,259 [41]       (962) [42] 5,467 [41] 4,378 [42] 6,977 [41] 6,423 [42]    
Net Cash used in operating activities       (11,290)       (14,991) (22,591) (32,494) (27,733) (42,708)    
Purchase of property and equipment       (4,649) [43]       (4,243) [44] (12,677) [43] (12,485) [44] (23,694) [43] (15,946) [44]    
Net cash used in investing activities       (6,957)       (4,262) (10,122) (33,103) (19,946) (38,342)    
Effect of foreign currency translation on cash, cash equivalent and restricted cash [45]       (1,846)         597   2,343      
Restatement Adjustments                            
Unaudited Condensed Consolidated Statements of Operations                            
Revenue (3,521) (5,191) 1,572 (951) (2,605) (1,883) (2,692) (2,321)   (5,013)   (6,896) (8,091) [46] (9,501) [46]
Cost of revenue 4,884 3,085 5,612 3,009 2,942 3,061 3,346 3,950 8,621 7,296 11,706 10,357 16,590 [47] 13,299 [47]
Gross profit                         (24,681) (22,800)
Research and development (4,224) (2,607) (2,097) (2,345) (2,848) (3,055) (3,291) (3,886) (4,442) (7,177) (7,049) (10,232) (11,273) [48] (13,080) [48]
General and administrative (541) 174 (181) 53         (128)   46   (495) [49] 61 [49]
Allowance for current expected credit loss on notes receivable 1,218                       1,218  
Total operating expenses                         (10,550) (13,019)
Loss from operations                         (14,131) (9,781)
Foreign exchange loss [21]           (1) 0 0            
Other (expense) income, net           (66) [25],[29] 111 [25] 101 [25]         315 [50] 143 [50]
Loss before income taxes                         (13,816) (9,638)
Income tax provision [51]                         (214) (37)
Net loss                         $ (13,602) $ (9,601)
Basic net loss per share [52]                         $ (0.69) $ (0.55)
Diluted net loss per share [52]                         $ (0.69) $ (0.55)
Weighted-average shares used in computing basic net loss per share [52]                         0 0
Weighted-average shares used in computing diluted net loss per share [52]                         0 0
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Comprehensive Loss [Abstract]                            
Net loss                         $ (13,602) $ (9,601)
Foreign currency translation adjustments [53]                         (160) 39
Comprehensive loss           (1,857) (2,612) (2,246)         (13,762) (9,562)
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Cash Flows [Abstract]                            
Net Income (Loss)                         (13,602) (9,601)
Change in contract assets       68       687 199 1,033 801 163 816 [54] 651 [54]
Other current assets       805         1,917   7,219   (6,557) [55] 2,135 [55]
Change in contract liabilities       895       1,653 819 3,968 4,014 6,712 7,341 [56] 8,842 [56]
Net Cash used in operating activities                         (12,685) 2,079
Purchase of property and equipment       1,436         6,024   (11,701) 39 12,685 [57] (2,079) [57]
Net cash used in investing activities                         12,685 (2,079)
Effect of foreign currency translation on cash, cash equivalent and restricted cash                 59   52   (8) [58] 0 [58]
Restatement Adjustments | Restatements Adjustment [Member]                            
Unaudited Condensed Consolidated Statements of Operations                            
Revenue (3,521) [2] (5,191) [3] 1,572 [3] (951) [3] (2,605) [4] (1,883) [5] (2,692) [5] (2,321) [5] 621 [2] (5,013) [4] (4,570) [2] (6,896) [4]    
Cost of revenue 4,884 [6] 3,085 [7] 5,612 [7] 3,009 [7] 2,942 [8] 3,061 [9] 3,346 [9] 3,950 [9] 8,621 [6] 7,296 [8] 11,706 [6] 10,357 [8]    
Gross profit (8,405) (8,276) (4,040) (3,960) (5,547) (4,944) (6,038) (6,271) (8,000) (12,309) (16,276) (17,253)    
Research and development (4,224) [10] (2,607) [11] (2,097) [11] (2,345) [11] (2,848) [12] (3,055) [13] (3,291) [13] (3,886) [13] (4,442) [10] (7,177) [12] (7,049) [10] (10,232) [12]    
General and administrative (541) [14] 174 [15] (181) [15] 53 [15] (32) [16] 16 [17] 46 [17] 31 [17] (128) [14] 77 [16] 46 [14] 93 [16]    
Allowance for current expected credit loss on notes receivable [18] 1,218               0   0      
Total operating expenses (3,547) (2,433) (2,278) (2,292) (2,880) (3,039) (3,245) (3,855) (4,570) (7,100) (7,003) (10,139)    
Loss from operations (4,858) (5,843) (1,762) (1,668) (2,667) (1,905) (2,793) (2,416) (3,430) (5,209) (9,273) (7,114)    
Foreign exchange loss 97 [19] (11) [20] (51) [20] (11) [20] 0       (62) [19] (73) [19] (2)    
Other (expense) income, net (301) [22] 233 [23] (92) [23] 451 [23] (2) [24]       359 [22] 212 [24] 592 [22] 147 [24]    
Total other income (expense), net (204) 222 (143) 440 (2) (67) 111 101 297 212 519 145    
Loss before income taxes (5,062) (5,621) (1,905) (1,228) (2,669) (1,972) (2,682) (2,315) (3,133) (4,997) (8,754) (6,969)    
Income tax provision (90) [26] (79) [27] 201 [27] (246) [27] 10 [28] (39) [29] 12 [29] (20) [29] (45) [26] (8) [28] (124) [26] (47) [28]    
Net loss $ (4,972) $ (5,542) $ (2,106) $ (982) $ (2,679) $ (1,933) $ (2,694) $ (2,295) $ (3,088) $ (4,989) $ (8,630) $ (6,922)    
Basic net loss per share $ (0.24) [30] $ (0.26) [31] $ (0.11) [31] $ (0.05) [31] $ (0.15) [32] $ (0.11) [32],[33] $ (0.15) [33] $ (0.13) [33] $ (0.17) [30] $ (0.29) [32] $ (0.45) [30] $ (0.4) [32]    
Diluted net loss per share $ (0.24) [30] $ (0.26) [31] $ (0.11) [31] $ (0.05) [31] $ (0.15) [32] $ (0.11) [32],[33] $ (0.15) [33] $ (0.13) [33] $ (0.17) [30] $ (0.29) [32] $ (0.45) [30] $ (0.4) [32]    
Weighted-average shares used in computing basic net loss per share 0 [30] 0 [31] 0 [31] 0 [31] 0 [32] 0 [32],[33] 0 [33] 0 [33] 0 [30] 0 [32] 0 [30] 0 [32]    
Weighted-average shares used in computing diluted net loss per share 0 [30] 0 [31] 0 [31] 0 [31] 0 [32] 0 [32],[33] 0 [33] 0 [33] 0 [30] 0 [32] 0 [30] 0 [32]    
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Comprehensive Loss [Abstract]                            
Net loss $ (4,972) $ (5,542) $ (2,106) $ (982) $ (2,679) $ (1,933) $ (2,694) $ (2,295) $ (3,088) $ (4,989) $ (8,630) $ (6,922)    
Foreign currency translation adjustments (355) [34] 204 [35] 16 [35] (25) [35] (168) [36] 76 [37] 82 [37] 49 [37] (9) [34] 131 [36] 195 [34] 207 [36]    
Comprehensive loss (5,327) (5,338) (2,090) (1,007) (2,847)       (3,097) (4,858) (8,435) (6,715)    
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Cash Flows [Abstract]                            
Net Income (Loss) $ (4,972) $ (5,542) $ (2,106) (982) $ (2,679) (1,933) (2,694) (2,295) (3,088) (4,989) (8,630) (6,922)    
Change in contract assets       68 [38]       687 [39] 199 [38] 1,033 [39] 801 [38] 163 [39]    
Other current assets [40]       (805)         (1,917)   (7,219)      
Change in contract liabilities       895 [41]       1,653 [42] (819) [41] 3,968 [42] 4,014 [41] 6,712 [42]    
Net Cash used in operating activities       (1,436)       0 (6,024) 0 (11,701) (39)    
Purchase of property and equipment       1,436 [43]       0 [44] 6,024 [43] 0 [44] 11,701 [43] 39 [44]    
Net cash used in investing activities       1,436       0 6,024 0 11,701 39    
Effect of foreign currency translation on cash, cash equivalent and restricted cash [45]       $ 0         $ (59)   $ (52)      
As Restated                            
Unaudited Condensed Consolidated Statements of Operations                            
Revenue [46]                         97,612 70,767
Cost of revenue [47]                         59,024 53,626
Gross profit                         38,588 17,141
Research and development [48]                         27,650 22,073
General and administrative [49]                         41,999 44,892
Total operating expenses                         97,368 96,016
Loss from operations                         (58,780) (78,875)
Foreign exchange loss                       $ (6,348)    
Other (expense) income, net           (726) [25],[29] (2,765) [25]     $ (3,833) [24]     (748) [50] (2,769) [50]
Loss before income taxes                         (77,700) (98,727)
Income tax provision [51]                         (142) 285
Net loss                         $ (77,558) $ (99,012)
Basic net loss per share [52]                         $ (3.96) $ (5.66)
Diluted net loss per share [52]                         $ (3.96) $ (5.66)
Weighted-average shares used in computing basic net loss per share [52]                         19,580,006 17,484,927
Weighted-average shares used in computing diluted net loss per share [52]                         19,580,006 17,484,927
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Comprehensive Loss [Abstract]                            
Net loss                         $ (77,558) $ (99,012)
Foreign currency translation adjustments [53]                         2,318 (7,657)
Comprehensive loss           $ (28,640) $ (43,172) $ (12,179)         (75,206) (106,702)
Prior Period Adjustment Restatement Of Condensed Consolidated Statements of Cash Flows [Abstract]                            
Net Income (Loss)                         (77,558) (99,012)
Change in contract assets [54]                         (1,647) (713)
Other current assets [55]                         (9,803) 2,459
Change in contract liabilities [56]                         13,693 16,618
Net Cash used in operating activities                         (36,307) (45,741)
Purchase of property and equipment [57]                         (17,352) (20,994)
Net cash used in investing activities                         (4,968) (43,907)
Effect of foreign currency translation on cash, cash equivalent and restricted cash [58]                         $ (568) $ 1,199
[1] The shares of the Company's common stock and the per share amounts have been retroactively adjusted to reflect the 1-for-8 reverse stock split (Note 1).
[2] The $621 increase in revenue for the six months ended June 30, 2023, the $4,570 decrease for the nine months ended September 30, 2023 and the $3,521 decrease in revenue for the three months ended December 31, 2023, respectively, relates to the correction of revenue recognition for Space Services and R&D Services Contracts.
[3] The $951 decrease in revenue for the three months ended March 31, 2023, the $1,572 increase in revenue for the three months ended June 30, 2023 and the $5,191 decrease in revenue for the three months ended September 30, 2023, respectively, are related to the correction of revenue recognition for Space Services and R&D Services Contracts.
[4] The $5,013, $6,896, and $2,605 decreases in revenue for the six months ended June 30, 2022, the nine months ended September 30, 2022 and the three months ended December 31, 2022, respectively, are related to the correction of revenue recognition for Space Services and R&D Services Contracts.
[5] The $2,321, $2,692, and $1,883 decreases in revenue for the three months ended March 31, 2022, June 30, 2022, and September 30, 2022, respectively, are related to the correction of revenue recognition for Space Services and R&D Services Contracts.
[6] Adjustments to cost of revenue:
a.
The $8,621 increase in cost of revenue for the six months ended June 30, 2023 resulted from an increase of $4,442 from costs associated with R&D Services Contracts being reclassified from research and development to cost of revenue, an increase of $4,100 from construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment, and an increase of $79 from the reclassification of supply chain department costs from general and administrative to cost of revenue.
b.
The $11,706 increase in cost of revenue for the nine months ended September 30, 2023 resulted from an increase of $7,049 from costs associated with R&D Services Contracts being reclassified from research and development to cost of revenue, an increase of $4,507 from construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment, and an increase of $150 from the reclassification of supply chain department costs from general and administrative to cost of revenue.
c.
The $4,884 increase in cost of revenue for the three months ended December 31, 2023 resulted from an increase of $4,224 from costs associated with R&D Services Contracts being reclassified from research and development to cost of revenue, an increase of $412 from construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment, and an increase of $248 from the reclassification of supply chain department costs from general and administrative to cost of revenue.
[7] Adjustments to cost of revenue:
a.
The $3,009 increase in cost of revenue for the three months ended March 31, 2023 resulted from an increase of $2,345 from costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, an increase of $642 from construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment, and an increase of $22 from the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
b.
The $5,612 increase in cost of revenue for the three months ended June 30, 2023 resulted from an increase of $3,456 from construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment, an increase of $2,097 from costs associated with R&D
Services Contracts being reclassified from research and development expense to cost of revenue, and an increase of $59 from the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
The $3,085 increase in cost of revenue for the three months ended September 30, 2023 resulted from an increase of $2,607 from costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, an increase of $407 from construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment, and an increase of $71 from the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
[8] Adjustments to cost of revenue:
a.
The $7,296 increase in cost of revenue for the six months ended June 30, 2022 resulted from an increase of $7,177 in costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue and an increase of $119 from the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
b.
The $10,357 increase in cost of revenue for the nine months ended September 30, 2022 resulted from an increase of $10,232 in costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, an increase of $91 from the reclassification of supply chain department and other costs from general and administrative expense to cost of revenue, and an increase of $34 in construction costs for customer-controlled satellites being expensed to cost of revenue rather than capitalized into property and equipment.
c.
The $2,942 increase in cost of revenue for the three months ended December 31, 2022 resulted from an increase of $2,848 in costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, an increase of $77 from the reclassification of supply chain department and other costs from general and administrative expense to cost of revenue, and an increase of $17 in construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment.
[9] Adjustments to cost of revenue:
a.
The $3,950 increase in cost of revenue for the three months ended March 31, 2022 resulted from an increase of $3,886 in costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, and an increase of $64 for the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
b.
The $3,346 increase in cost of revenue for the three months ended June 30, 2022 resulted from an increase of $3,291 in costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, and an increase of $55 for the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
c.
The $3,061 increase in cost of revenue for the three months ended September 30, 2022 resulted from an increase of $3,055 in costs associated with R&D Services Contracts being reclassified from research and development to cost
of revenue and an increase of $37 in construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment, partially offset by a decrease of $31 from a reclassification between general and administrative expense and cost of revenue.
[10] The $4,442, $7,049, and $4,224 decreases in research and development expense for the for the six months ended June 30, 2023, the nine months ended September 30, 2023, and the three months ended December 31, 2023, respectively, is related to costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue.
[11] The $2,345, $2,097, and $2,607 decreases in research and development for the three months ended March 31, 2023, June 30, 2023, and September 30, 2023, respectively, are related to costs associated with R&D Services Contracts being reclassified from research and development to cost of revenue.
[12] The $7,177, $10,232, and $2,848 decreases in research and development expense for the for the six months ended June 30, 2022, the nine months ended September 30, 2022, and the three months ended December 31, 2022, respectively, are related to costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue.
[13] The $3,886, $3,291, and $3,055 decreases in research and development expense for the three months ended March 31, 2022, June 30, 2022, and September 30, 2022, respectively, are related to costs associated with R&D Services Contracts being reclassified from research and development to cost of revenue.
[14] Adjustments to general and administrative:
a.
The $128 decrease in general and administrative for the six months ended June 30, 2023 resulted from a decrease of $408 from the Delaware franchise tax accrual and reclassification and a decrease of $79 from the supply chain department costs reclassified to cost of revenue, partially offset by an increase of $359 from the other state taxes reclassified from other expense, net.
b.
The $46 increase in general and administrative for the nine months ended September 30, 2023 resulted from increases of $357 and $235 from the other state taxes and vendor dispute settlement reclassified from other expense, net, respectively, partially offset by a decrease of $396 from the Delaware franchise tax accrual and reclassification and a decrease of $150 from the supply chain department costs reclassified to cost of revenue.
c.
The $541 decrease in general and administrative expense for the three months ended December 31, 2023 resulted from a decrease of $301 from the other state taxes reclassified from other expense, net, and a decrease of $248 from the supply chain department costs reclassified to cost of revenue, partially offset by an increase of $8 from the Delaware franchise tax accrual and reclassification.
[15] Adjustments to general and administrative:
a.
The $53 increase in general and administrative for the three months ended March 31, 2023 resulted from an increase of $451 from the other state taxes reclassified from other expense, net, partially offset by a decrease of $376 from the Delaware franchise tax accrual and reclassification and a decrease of $22 for supply chain department costs reclassified to cost of revenue.
b.
The $181 decrease in general and administrative for the three months ended June 30, 2023 resulted from a decrease of $92 for the other state taxes reclassified from other expense, net, a decrease of $59 for the supply chain department costs reclassified to cost of revenue, and a decrease of $30 for the Delaware franchise tax accrual and reclassification.
The $174 increase in general and administrative expense for the three months ended September 30, 2023 resulted from an increase of $235 from vendor dispute settlement reclassified from other expense, net and an increase of $12 from Delaware franchise tax accrual and reclassification, partially offset by a decrease of $71 from supply chain department costs reclassified to cost of revenue and a decrease of $2 from the other state taxes reclassified from other expense, net.
[16] Adjustments to general and administrative:
a.
The $77 increase in other expense, net for the six months ended June 30, 2022 resulted from an increase of $214 from the other state tax reclassified from other expense, net, partially offset by a decrease of $119 related to the supply chain department costs reclassified to cost of revenue and a decrease of $18 related to the Delaware franchise tax accrual and reclassification.
b.
The $93 increase in other expense, net for the nine months ended September 30, 2022 resulted from an increase of $149 from the other state tax reclassified from other expense, net and an increase of $35 related to the Delaware franchise accrual and reclassification, partially offset by a decrease of $91 related to the supply chain department costs reclassified to cost of revenue.
c.
The $32 decrease in other expense, net for the six months ended June 30, 2022 resulted from a decrease of $77 related to the supply chain department costs reclassified to cost of revenue and a decrease of $2 from the other state tax reclassified from other expense, net, partially offset by an increase of $47 related to the Delaware franchise tax accrual and reclassification.
[17] Adjustments to general and administrative:
a.
The $31 increase in general and administrative for the three months ended March 31, 2022 resulted from an increase of $128 from the other state taxes reclassified from other expense, net, partially offset by a decrease of $64 related to the supply chain department costs reclassified to cost of revenue and a decrease of $33 related to the Delaware franchise tax accrual.
b.
The increase of $46 in general and administrative expense for the three months ended June 30, 2022 resulted from an increase of $86 from the other state taxes reclassified from other expense, net and an increase of $15 related to the Delaware franchise tax accrual, partially offset by a decrease of $55 related to the supply chain department costs reclassified to cost of revenue.
c.
The increase of $16 in general and administrative expense for the three months ended September 30, 2022 resulted from an increase of $51 related to the Delaware franchise tax accrual and an increase of $31 related to the supply chain department costs reclassified to cost of revenue, partially offset by a decrease of $66 from the other state tax reclassified from other expense, net.
[18] The $1,218 increase in allowance for current expected credit loss on notes receivable for the three months ended December 31, 2023 is related to the allowance for current expected credit loss related to a $4,500 note receivable issued to a customer.
[19] The $62 decrease, $73 decrease, and $97 increase in foreign exchange loss for the six months ended June 30, 2023, nine months ended September 30, 2023, and three months ended December 31, 2023, respectively, are related to the correction of revenue and cash remeasurement adjustment.
[20] The $11, $51, and $11 additional foreign exchange losses for the three months ended March 31, 2023, June 30, 2023 and September 30 , 2023, respectively, are related to the correction of revenue and cash remeasurement adjustment.
[21] The $1 foreign exchange loss for the six months ended September 30, 2022 is related to the correction of revenue and cash remeasurement adjustment.
[22] Adjustments to other expense, net:
a.
The $359 decrease and $301 increase in other expense, net for the six months ended June 30, 2023 and three months ended December 31, 2023, respectively, are related to the other state taxes reclassified to general and administrative.
b.
The $592 decrease in other expense, net for the nine months ended September 30, 2023 resulted from $357 of other state taxes and a $235 vendor dispute settlement reclassified to general and administrative expense.
[23] Adjustments to other expense, net:
a.
The $451 decrease in other expense, net for the three months ended March 31, 2023 is related to the other state taxes reclassified to general and administrative.
b.
The $92 increase in other expense, net for the three months ended June 30, 2023 is related to the reclassification of other state tax to general and administrative expense.
c.
The $233 decrease in other expense, net for the three months ended September 30 2023 resulted from a decrease of $235 from a vendor dispute settlement reclassified to general and administrative, partially offset by an increase of $2 for the other state taxes reclassified to general and administrative.
[24] Adjustment to other expense, net:
a.
The $212 decrease in other expense, net for the six months ended June 30, 2022 resulted from a decrease of $214 from the other state tax reclassified to general and administrative expense, partially offset by an increase of $2 related to foreign currency gain or loss impact of the revenue and cash remeasurement adjustment.
b.
The $147 decrease in other expense, net for the nine months ended September 30, 2022 resulted from a decrease of $149 for the other state tax reclassified to general and administrative expense, partially offset by an increase of $2 related to foreign currency gain or loss impact of the revenue and cash remeasurement adjustment.
c.
The $2 increase in other expense, net for the three months ended December 31, 20223 is related to the reclassification of other state tax from other expense to general and administrative expense.
[25] Adjustments to other expense, net:
a.
The $101 decrease in other expense, net for the three months ended March 31, 2022 resulted from a decrease of $128 from the other state tax reclassified to general and administrative expense, partially offset by an increase of $27 related to foreign currency gain or loss impact of the revenue and cash remeasurement adjustment.
b.
The $111 decrease in other expense, net for the three months ended June 30, 2022 resulted from a decrease of $86 from the other state tax reclassified to general and administrative expense and a decrease of $25 related to foreign currency gain or loss impact of the revenue and cash remeasurement adjustment.
c.
The $66 increase in other expense, net for the three months ended September 30, 2022 is related to the other state tax reclassification to general and administrative expense.
[26] The $45 decrease, $124 decrease and $90 decrease in income tax provisions for the six months ended June 30, 2023, nine months ended September 30, 2023, and three months ended December 31, 2023, respectively, are related to the impact to income tax provision as a result of the revenue adjustments.
[27] The $246 decrease, $201 increase and $79 decrease in income tax provision for the three months ended March 31, 2023, June 30, 2023 and September 30, 2023, respectively, are related to the impact to income tax provision as a result of the revenue adjustments.
[28] The $8 decrease, $47 decrease and $10 increase in income tax provisions for the three months ended March 31, 2022, June 30, 2022 and September 30, 2022, respectively, are related to the impact to income tax provision as a result of the revenue adjustments.
[29] The $20 decrease, $12 increase and $39 decrease in income tax provisions for the three months ended March 31, 2022, June 30, 2022 and September 30, 2022, respectively, are related to the impact to income tax provision as a result of the revenue adjustments.
[30] The shares of the Company's common stock and the per share amounts for the six months ended June 30, 2023 have been retroactively adjusted to reflect the 1-for-8 reverse stock split (Note 1).
[31] The shares of the Company's common stock and the per share amounts for the three months ended March 31, 2023 and June 30, 2023 have been retroactively adjusted to reflect the 1-for-8 reverse stock split (Note 1).
[32] The shares of the Company's common stock and the per share amounts for the six months ended June 30, 2022 and nine months ended September 30, 2022 have been retroactively adjusted to reflect the 1-for-8 reverse stock split (Note 1).
[33]

1) The shares of the Company's common stock and the per share amounts for the three months ended March 31, 2022, June 30, 2022, and September 30, 2022 have been retroactively adjusted to reflect the 1-for-8 reverse stock split (Note 1).
[34] The $9 foreign currency translation loss, $195 foreign currency translation gain and $355 foreign currency translation loss for the six months ended June 30, 2023, the nine months ended September 30, 2023, and the three months ended December 31, 2023, respectively, are related to the foreign currency translation impact of consolidated statements of operations adjustments (i) to (v) above.
[35] The $25 foreign currency translation loss, $16 foreign currency translation gain, and $204 foreign currency translation gain for the three months ended March 31, 2023, June 30, 2023, and September 30, 2023, respectively, are related to the foreign currency translation impact of consolidated statements of operations adjustments (i) to (v) above.
[36] The $131 of foreign currency translation gain, $207 of foreign currency translation gain, and $168 of foreign currency translation loss for the six months ended June 30, 2022, the nine months ended September 30, 2022, and the three months ended December 31, 2022, respectively, are related to the foreign currency translation impact of consolidated statements of operations adjustments (i) to (v) above.
[37] The $49, $82 and $76 of foreign currency translation gains for the three months ended March 31, 2022, June 30, 2022, and September 30, 2022, respectively, are related to the foreign currency translation impact of consolidated statements of operations adjustments (i) to (v) above.
[38] The $68, $199, and $801 adjustments to change in contract assets for the three months ended March 31, 2023, six months ended June 30, 2023, and nine months ended September 30, 2023, respectively, are related to the impact to short-term and long-term balances of contract assets from the correction of revenue recognition for Space Services and R&D Services Contracts.
[39] The $687, $1,033, and $163 adjustments to change in contract assets for the three months ended March 31, 2022, six months ended June 30, 2022, and nine months ended September 30, 2022, respectively, are related to the impact to current and non-current balances of contract assets from the correction of revenue recognition for Space Services and R&D Services Contracts.
[40] Adjustments to change in other current assets:
a.
The $805 increase in other current assets for the three months ended March 31, 2023, is related to the net change in advances for fixed assets balance reclassified from other current assets into property and equipment.
b.
The $1,917 increase in other current assets for the six months ended June 30, 2023 resulted from an increase of $1,274 in prepaid launch costs for customer-controlled satellites for one specific contract that is capitalized into other current assets instead of property and equipment and an increase of $643 from the net change in advances for fixed assets balance reclassified out of other current assets into property and equipment.
c.
The $7,219 increase in other current assets for the nine months ended September 30, 2023 resulted from an increase of $5,985 in prepaid launch costs for customer-controlled satellites for one specific contract that is capitalized into other current assets instead of property and equipment, and an increase of $1,234 of net change in advances for fixed assets that were reclassified out of other current assets into property and equipment.
[41] Adjustments to change in contract liabilities:
a.
The $895 adjustment to change in contract liabilities for the three months ended March 31, 2023 is related to the correction of revenue recognition for Space Services and R&D Services Contracts.
b.
The $819 adjustment to change in contract liabilities for the six months ended June 30, 2023 is related to the correction of revenue recognition for Space Services and R&D Services Contracts.
c.
The $4,014 adjustment to change in contract liabilities for the nine months ended September 30, 2023 resulted from a $3,838 impact in contract liabilities from the correction of revenue recognition for Space Services and R&D Services Contracts and $176 from the change in the customer deposit balance reclassified from other accrued expense to contract liabilities, non-current.
[42] The $1,653, $3,968, and $6,712 increases in contract liabilities for the three months ended March 31, 2022, six months ended June 30, 2022, and nine months ended September 30, 2022, respectively, are related to the impact to current and non-current balances of contract liabilities from the correction of revenue recognition for Space Services and R&D Services Contracts.
[43] Adjustment to purchase of property and equipment:
a.
The $1,436 decrease in purchase of property and equipment for the three months ended March 31, 2023 resulted from a decrease of $825 from noncash addition to property and equipment from the prior period advances that was incorrectly reflected as current period’s cash purchase and a decrease of $611 in costs incurred to build the customer-controlled satellites for one specific contract being expensed rather than capitalized into the Company's property and equipment.
b.
The $6,024 decrease in purchase of property and equipment for the six months ended June 30, 2023 resulted from a decrease of $4,101 in costs incurred to build the customer-controlled satellites being for one specific contract being expensed rather than capitalized into the Company's property and equipment, a decrease of $1,275 from prepaid launch costs for the customer-controlled satellites being reclassified into other current assets rather than capitalized into the Company's property and equipment, and a decrease of $648 from noncash addition to property and equipment from the prior period advances that were incorrectly reflected as current period’s cash purchase.
c.
The $11,701 decrease in purchase of property and equipment for the nine months ended September 30, 2023 resulted from a decrease of $5,985 prepaid launch costs for the customer-controlled satellites for one specific contract being reclassified into other current assets rather than capitalized into the Company's property and equipment, a decrease of $4,646 in costs incurred to design/build the customer-controlled satellites being expensed
rather than capitalized into the Company's property and equipment and a decrease of $1,070 from noncash addition to property and equipment from the prior period advances that was incorrectly reflected as current period’s cash purchase.
[44] The $39 decrease in purchase of property and equipment for the nine months ended September 30, 2022, is related to costs incurred to build the customer-controlled satellites for one specific contract being expensed rather than capitalized into the Company's property and equipment.
[45] The $59 and $52 decreases in cash and cash equivalents as of June 30, 2023 and September 30, 2023, respectively, are related to the cash remeasurement adjustment for cash balances from certain foreign subsidiaries, which resulted in a $59 and $52 change in effect of foreign currency translation on cash, cash equivalents and restricted cash for the six months ended June 30, 2023 and the nine months ended September 30, 2023, respectively.
[46] The $8,091 and $9,501 decreases in revenue for the years ended December 31, 2023 and December 31, 2022, respectively, are related to the correction of revenue recognition for Space Services and R&D Services Contracts.
[47] Adjustments to cost of revenue:
a.
The $16,590 increase in cost of revenue for the year ended December 31, 2023 resulted from an increase of $11,273 from costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, an increase of $4,922 from construction costs for customer-controlled satellites for one specific contract being expensed to cost of revenue rather than capitalized into property and equipment, and an increase of $395 from the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
The $13,299 increase in cost of revenue for the year ended December 31, 2022 resulted from an increase of $13,080 from costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue, an increase of $167 from reclassification of supply chain department costs from general and administrative expense to cost of revenue, and an increase of $52 from costs for customer-controlled satellites for one specific contract that are expensed as cost of revenue rather than capitalized into property and equipment.
[48] The $11,273 and $13,080 decreases in research and development expense for the years ended December 31, 2023 and December 31, 2022, respectively, are related to costs associated with R&D Services Contracts being reclassified from research and development expense to cost of revenue.
[49] Adjustments to general and administrative expense:
a.
The $495 decrease in general and administrative expense for the year ended December 31, 2023 resulted from a decrease of $395 of supply chain department costs reclassified to cost of revenue and a decrease of $389 from the Delaware franchise tax accrual and reclassification, partially offset by increases of $235 and $54 for the reclassification of vendor dispute settlement and other state taxes, respectively, from other expense, net.
b.
The increase of $61 in general and administrative expense for the year ended December 31, 2022 resulted from an increase of $143 for other state taxes reclassification from other expense, net and an increase of $85 for Delaware
franchise tax accrual and reclassification, partially offset by a decrease of $167 for the reclassification of supply chain department costs from general and administrative expense to cost of revenue.
[50] Adjustments to other expense, net:
a.
The $315 decrease in other expense, net for the year ended December 31, 2023 resulted from a decrease of $235 for the vendor dispute settlement reclassified to general and administrative expense, a decrease of $54 from the other state taxes reclassified to general and administrative expense, and a decrease of $26 related to foreign currency gain or loss impact of the revenue and cash remeasurement adjustment.
b.
The $143 decrease in other expense, net for the year ended December 31, 2022 is related to the reclassification of other state taxes to general and administrative expense.
[51] The $214 and $37 decreases in income tax provisions for the year ended December 31, 2023 and December 31, 2022, respectively, are related to the impact to income tax provision as a result of the revenue adjustments.
[52] The shares of the Company's common stock and the per share amounts for the year ended December 31, 2022 have been retroactively adjusted to reflect the 1-for-8 reverse stock split (Note 1).
[53] The $160 foreign currency translation loss and $39 foreign currency translation gain for the years ended December 31, 2023 and December 31, 2022, respectively, are related to the foreign currency translation impact of consolidated statements of operations adjustments (i) to (v) above.
[54] The $816 and $651 adjustments to change in contract assets for the years ended December 31, 2023 and December 31, 2022, respectively, are related to the impact to current and non-current balances of contract assets for the correction of revenue recognition for Space Services and R&D Services Contracts.
[55] Adjustments to change in other current assets:
a.
The $6,557 additional increase in other current assets for the year ended December 31, 2023 resulted from an increase of $7,585 from prepaid launch costs for customer-controlled satellites being reclassified from property and equipment to other current assets and an increase of $190 from net change in advances for fixed assets balance reclassified to property and equipment, partially offset by a decrease of $1,218 from allowance for current expected credit loss related to a note receivable issued to a customer recorded in other current assets.
b.
The $2,135 additional decrease in other current assets as of December 31, 2022, is related to net change in fixed assets advances reclassified from other current assets into property and equipment.
[56] Adjustments to change in contract liabilities:
a.
The $7,341 adjustment to change in contract liabilities for the year ended December 31, 2023 resulted from a $7,255 impact to current and non-current balances of contract liabilities from the correction of revenue recognition for Space Services and R&D Services Contracts and the $86 change in customer deposit balance reclassified from other accrued expense to contract liability, non-current.
b.
The $8,842 adjustment to change in contract liabilities for the year ended December 31, 2022 is related to the impact to current and non-current balances of contract liabilities from the correction of revenue recognition for Space Services and R&D Services Contracts.
[57] Adjustments to purchase of property and equipment:
a.
The $12,685 decrease in purchase of property and equipment for the year ended December 31, 2023 resulted from a decrease of $7,585 from prepaid launch costs for the customer-controlled satellites being reclassified into other current assets rather than capitalized into the Company's property and equipment, a decrease of $4,834 from costs incurred to design/build the customer-controlled satellites being expensed rather than capitalized into the Company's property and equipment, and a decrease of $266 from noncash addition to property and equipment from the prior period advances that was incorrectly reflected as current period’s cash purchase.
b.
The $2,079 increase in purchase of property and equipment for the year ended December 31, 2022 resulted from an increase of $2,126 from advances paid for fixed assets that have been reclassified to property and equipment from other current assets, partially offset by a decrease of $47 from costs incurred to design/build the customer-controlled satellites being expensed rather than capitalized into the Company's property and equipment.
[58] The $8 decrease in cash and cash equivalents as of December 31, 2023 is related to the cash remeasurement adjustment for cash balances from certain foreign subsidiaries, which resulted in an $8 change in effect of foreign currency translation on cash, cash equivalents and restricted cash for the fiscal year ended December 31, 2023.