Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of Other Receivables

 

As of

 

 

March 31, 2022

 

 

December 31, 2021

 

Payroll tax withholding and exercise proceeds receivable

$

 

 

$

8,477

 

Construction receivable

 

5,911

 

 

 

5,574

 

Income tax receivable

 

2,343

 

 

 

4,935

 

Insurance receivable

 

2,646

 

 

 

2,594

 

Other

 

1,833

 

 

 

1,216

 

Total other receivables

$

12,733

 

 

$

22,796

 

Schedule of Inventory

Inventory consisted of the following for the periods presented:

 

As of

 

 

March 31, 2022

 

 

December 31, 2021

 

Chemical washing solutions

$

7,055

 

 

$

6,406

 

Other

 

81

 

 

 

52

 

Total inventory, gross

 

7,136

 

 

 

6,458

 

Reserve for obsolescence

 

(136

)

 

 

(124

)

Total inventory, net

$

7,000

 

 

$

6,334

 

Schedule of Composition of Revenue

The following table summarizes the composition of the Company’s revenue, net for the periods presented:

 

 

Three Months Ended March 31,

 

 

2022

 

 

2021

 

Recognized over time

$

140,874

 

 

$

108,270

 

Recognized at a point in time

 

78,008

 

 

 

66,322

 

Other revenue

 

537

 

 

 

916

 

Net revenues

$

219,419

 

 

$

175,508

 

 

Schedule of Reconciliations of Numerators and Denominators of Basic and Diluted Net (Loss) Income Per Share Reconciliations of the numerators and denominators of the basic and diluted net income per share calculations for the periods presented are as follows:

 

 

Three Months Ended March 31,

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

Net income

$

35,488

 

 

$

24,584

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted-average common shares outstanding - basic

 

300,931,453

 

 

 

262,151,037

 

Effect of potentially dilutive securities:

 

 

 

 

 

Stock options

 

27,010,017

 

 

 

16,203,426

 

Restricted stock units

 

1,230,967

 

 

 

-

 

Weighted-average common shares outstanding - diluted

 

329,172,437

 

 

 

278,354,463

 

 

 

 

 

 

 

Net income per share - basic

$

0.12

 

 

$

0.09

 

Net income per share - diluted

$

0.11

 

 

$

0.09

 

 

Schedule of Antidilutive Shares Excluded from Computation of Diluted (Loss) Net Income Per Share

The following potentially dilutive shares were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive:

 

 

Three Months Ended March 31,

 

 

2022

 

 

2021

 

Stock options

 

2,041,141

 

 

 

458,152