10-Q Filing

MP MATERIALS CORP. / DE CIK: 1801368 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001801368-21-000036`
Period End Date	20210630
Filing Date	20210809
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	mp-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 76 Cash Flow Statement 86 Stockholders Equity 26

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.55M	USD	Point-in-time
Preferred stock, authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$519.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.20B	USD	Point-in-time
Preferred stock, authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable (including related party), net of allowance for credit losses of $0 and $0, respectively	`AccountsReceivableRelatedPartiesCurrent`	$8.18M	USD	Point-in-time
Accounts receivable (including related party), net of allowance for credit losses of $0 and $0, respectively	`AccountsReceivableRelatedPartiesCurrent`	$3.59M	USD	Point-in-time
Preferred stock, issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$35.50M	USD	Point-in-time
Inventories	`InventoryNet`	$32.27M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.56M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.53M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.25B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$561.05M	USD	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	177.75M	shares	Point-in-time
Common stock, outstanding (shares)	`CommonStockSharesOutstanding`	170.72M	shares	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$9.12M	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$9.10M	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$27.11M	USD	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	170.72M	shares	Point-in-time
Common stock, issued (shares)	`CommonStockSharesIssued`	177.75M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$560.62M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$501.97M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$1.03M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$884.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.23M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.14M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$513.24M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$571.84M	USD	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Total assets	`Assets`	$1.07B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$37.73M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.16M	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrentMaturitiesExcludingRelatedParties`	-	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrentMaturitiesExcludingRelatedParties`	$2.40M	USD	Point-in-time
Current installments of long-term debtrelated party	`LongTermDebtCurrentMaturitiesRelatedParties`	$22.07M	USD	Point-in-time
Current installments of long-term debtrelated party	`LongTermDebtCurrentMaturitiesRelatedParties`	$45.80M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$266.00K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$256.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.16M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.29M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$26.49M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$25.57M	USD	Point-in-time
Environmental obligations	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.61M	USD	Point-in-time
Environmental obligations	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.60M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtExcludingCurrentMaturitiesAndRelatedParties`	$673.17M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtExcludingCurrentMaturitiesAndRelatedParties`	$961.00K	USD	Point-in-time
Long-term debtrelated party, net of current portion	`LongTermDebtExcludingCurrentMaturitiesRelatedParties`	$44.38M	USD	Point-in-time
Long-term debtrelated party, net of current portion	`LongTermDebtExcludingCurrentMaturitiesRelatedParties`	-	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$639.00K	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$736.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$87.47M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$95.58M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.63M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$8.55M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$821.04M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$177.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$220.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$911.33M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.0001 par value, 50,000,000 shares authorized, none issued and outstanding in either period)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.0001 par value, 50,000,000 shares authorized, none issued and outstanding in either period)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.0001 par value, 450,000,000 shares authorized, 177,748,487 and 170,719,979 shares issued and outstanding, as of June 30, 2021, and December 31, 2020, respectively)	`CommonStockValue`	$18.00K	USD	Point-in-time
Common stock ($0.0001 par value, 450,000,000 shares authorized, 177,748,487 and 170,719,979 shares issued and outstanding, as of June 30, 2021, and December 31, 2020, respectively)	`CommonStockValue`	$17.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$916.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$925.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-16.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$875.16M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$906.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-18.02M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-24.74M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$853.88M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.07B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.82B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Product sales (including related party)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$51.11M	USD	2 Qtrs
Product sales (including related party)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$73.12M	USD	1 Quarter
Product sales (including related party)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$133.09M	USD	2 Qtrs
Product sales (including related party)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$30.39M	USD	1 Quarter
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$29.53M	USD	2 Qtrs
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$16.86M	USD	1 Quarter
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$17.95M	USD	1 Quarter
Cost of sales (including related party)(excluding depreciation, depletion and amortization)	`CostOfRevenueExcludingDepreciationDepletionAndAmortization`	$35.89M	USD	2 Qtrs
Write-down of inventories	`InventoryWriteDown`	-	USD	2 Qtrs
Write-down of inventories	`InventoryWriteDown`	$1.81M	USD	2 Qtrs
Write-down of inventories	`InventoryWriteDown`	$1.81M	USD	1 Quarter
Write-down of inventories	`InventoryWriteDown`	-	USD	1 Quarter
Royalty expense to SNR	`RoyaltyExpense`	$853.00K	USD	2 Qtrs
Royalty expense to SNR	`RoyaltyExpense`	-	USD	1 Quarter
Royalty expense to SNR	`RoyaltyExpense`	-	USD	2 Qtrs
Royalty expense to SNR	`RoyaltyExpense`	$366.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.63M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$27.21M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.84M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.93M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.67M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.65M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$1.38M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.82M	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$1.13M	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$592.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$1.19M	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$564.00K	USD	1 Quarter
Settlement charge	`GainLossOnContractTermination`	$-66.61M	USD	2 Qtrs
Settlement charge	`GainLossOnContractTermination`	-	USD	1 Quarter
Settlement charge	`GainLossOnContractTermination`	-	USD	2 Qtrs
Settlement charge	`GainLossOnContractTermination`	$-66.61M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$40.65M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$78.92M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$109.71M	USD	2 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$91.64M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$54.17M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-58.60M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-61.24M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$32.47M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$3.50M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$3.56M	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$237.00K	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$155.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.64M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.87M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$1.07M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.79M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-62.16M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.33M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$53.94M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-60.23M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$336.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.65M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$336.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.16M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-60.57M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-62.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$27.17M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$43.28M	USD	2 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$0.25	USD	2 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$-0.90	USD	2 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$-0.92	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.24	USD	2 Qtrs
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$-0.92	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$-0.90	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	172.68M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	170.81M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	67.33M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.15M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	186.28M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.33M	shares	2 Qtrs

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-60.57M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-62.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$27.17M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$43.28M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.67M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.65M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$1.38M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.82M	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$1.13M	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$592.00K	USD	1 Quarter
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$1.19M	USD	2 Qtrs
Accretion of asset retirement and environmental obligations	`AccretionExpenseIncludingAssetRetirementObligations`	$564.00K	USD	1 Quarter
Paycheck Protection Loan forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$3.40M	USD	2 Qtrs
Paycheck Protection Loan forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on sale or disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Loss on sale or disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-37.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$10.17M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	-	USD	2 Qtrs
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$741.00K	USD	2 Qtrs
Accretion of debt discount and amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.29M	USD	2 Qtrs
Write-down of inventories	`InventoryWriteDown`	-	USD	2 Qtrs
Write-down of inventories	`InventoryWriteDown`	$1.81M	USD	2 Qtrs
Write-down of inventories	`InventoryWriteDown`	$1.81M	USD	1 Quarter
Write-down of inventories	`InventoryWriteDown`	-	USD	1 Quarter
Non-cash settlement charge	`GainLossOnContractTermination`	$-66.61M	USD	2 Qtrs
Non-cash settlement charge	`GainLossOnContractTermination`	-	USD	1 Quarter
Non-cash settlement charge	`GainLossOnContractTermination`	-	USD	2 Qtrs
Non-cash settlement charge	`GainLossOnContractTermination`	$-66.61M	USD	1 Quarter
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	$22.90M	USD	2 Qtrs
Revenue recognized in exchange for debt principal reduction	`ContractWithCustomerLiabilityRelatedPartiesRevenueRecognizedForDebtPrincipalReduction`	$679.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-8.11M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	2 Qtrs
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$-187.00K	USD	2 Qtrs
Accounts receivable (including related party)	`IncreaseDecreaseInAccountsReceivable`	$4.59M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.66M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.04M	USD	2 Qtrs
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.97M	USD	2 Qtrs
Prepaid expenses, other current and non-current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$891.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-961.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.24M	USD	2 Qtrs
Refund liability to related party	`IncreaseDecreaseInContractWithCustomerLiabilityRelatedPartiesRefundLiability`	$-2.75M	USD	2 Qtrs
Refund liability to related party	`IncreaseDecreaseInContractWithCustomerLiabilityRelatedPartiesRefundLiability`	-	USD	2 Qtrs
Deferred revenue from related party	`IncreaseDecreaseInContractWithCustomerLiabilityRelatedParties`	-	USD	2 Qtrs
Deferred revenue from related party	`IncreaseDecreaseInContractWithCustomerLiabilityRelatedParties`	$1.93M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.49M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.94M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.24M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.97M	USD	2 Qtrs
Additions of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.83M	USD	2 Qtrs
Additions of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.40M	USD	Point-in-time
Additions of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.69M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$125.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.83M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.57M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$3.36M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$690.00M	USD	2 Qtrs
Proceeds from Second Additional Advance	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from Second Additional Advance	`ProceedsFromRelatedPartyDebt`	$35.45M	USD	2 Qtrs
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$86.00K	USD	2 Qtrs
Principal payments on debt obligations and finance leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$990.00K	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$17.75M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-771.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$670.49M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.73M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$36.14M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$673.89M	USD	2 Qtrs
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.57M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.44M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash beginning balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.57M	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.44M	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash ending balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$519.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.20B	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$3.69M	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$50.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashCurrent`	$340.00K	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$9.12M	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$9.10M	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashNoncurrent`	$27.11M	USD	Point-in-time

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-16.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$875.16M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$906.62M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-18.02M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-24.74M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$853.88M	USD	Point-in-time
Redemption of Public Warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$-1.00K	USD	1 Quarter
Redemption of Public Warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$-1.00K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.17M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.50M	USD	1 Quarter
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$193.00K	USD	1 Quarter
Shares used to settle payroll tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$527.00K	USD	2 Qtrs
Issuance of Shenghe Warrant	`StockIssuedDuringPeriodValueWarrants`	$53.85M	USD	1 Quarter
Issuance of Shenghe Warrant	`StockIssuedDuringPeriodValueWarrants`	$53.85M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-60.57M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-62.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$27.17M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$43.28M	USD	2 Qtrs
Other	`StockholdersEquityOther`	$180.00K	USD	2 Qtrs
Other	`StockholdersEquityOther`	$2.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-16.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$875.16M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$906.62M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-18.02M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-24.74M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$853.88M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.