|
December 31, |
|
|
||||||
(in thousands) |
|
2021 |
|
|
|
2020 |
|
|
|
ASSETS |
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|||
Cash and cash equivalents and short-term investments |
$ |
6,490 |
|
|
$ |
43,370 |
|
|
|
Accounts receivable, net of allowance for doubtful accounts of $0 and $0, respectively |
|
500 |
|
|
|
285 |
|
|
|
Inventories |
|
2,523 |
|
|
|
3,394 |
|
|
|
Prepaid expenses and other current assets |
|
6,712 |
|
|
|
1,134 |
|
|
|
Total current assets |
|
16,225 |
|
|
|
48,183 |
|
|
|
Property and equipment, net |
|
480 |
|
|
|
457 |
|
|
|
Other Assets |
|
293 |
|
|
|
94 |
|
|
|
Total assets |
$ |
16,998 |
|
|
$ |
48,734 |
|
|
|
|
|
|
|
|
|
|
|
|||
| LIABILITIES CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT |
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|||
| Current liabilities: |
|
|
|
|
|
|
|||
| Accounts payable |
$ |
2,547 |
|
|
$ |
1,214 |
|
|
|
| Accrued expenses and other current liabilities |
|
2,777 |
|
|
|
1,565 |
|
|
|
| Total current liabilities |
|
5,324 |
|
|
|
2,779 |
|
|
|
| Long-term debt |
|
— |
|
|
|
1,121 |
|
|
|
| Other long-term liabilities |
|
23 |
|
|
|
1,293 |
|
|
|
| Total liabilities |
|
5,347 |
|
|
|
5,193 |
|
|
|
|
|
|
|
|
|
|
|
|||
| Commitments and contingencies |
|
|
|
|
|
|
|||
| Convertible preferred stock: |
|||||||||
| Convertible preferred stock |
|
99,470 |
|
|
|
99,470 |
|
|
|
|
|
|
|
|
|
|
|
|||
| Stockholders’ deficit: |
|
|
|
|
|
|
|||
| Common stock, Class F stock and Additional paid-in capital |
|
7,486 |
|
|
|
2,286 |
|
|
|
| Accumulated other comprehensive income and accumulated deficit |
|
(95,305 |
) |
|
|
(58,215 |
) |
|
|
| Total stockholders’ deficit |
|
(87,819 |
) |
|
|
(55,929 |
) |
|
|
| TOTAL LIABILITIES CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT |
$ |
16,998 |
|
|
$ |
48,734 |
|
|
|
| See accompanying notes to the consolidated financial statements |
|
|
|
|
|
|
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|
Cepton, Inc. Reports Fourth Quarter and Full Year 2021 Results and Provides 2022 Business Updates and Milestones
Condensed Consolidated Balance Sheets:
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