Embark Technology, Inc. Balance Sheet

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Balance Sheets

In millions of USD, except per-share amounts

	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021	Q2 FY2021 As of Jun 30, 2021	Q1 FY2021 As of Mar 31, 2021	Q4 FY2020 As of Dec 31, 2020
Assets
Current assets:
Cash and cash equivalents
Restricted cash, short-term
Short-term investments
Prepaid expenses and other current assets
Total current assets
Deferred offering costs
Marketable securities held in Trust Account
Restricted cash, long-term
Property, equipment and software, net
Operating lease right-of-use assets
Other assets
Total assets
Liabilities and stockholders’ equity
Current liabilities:
Accrued expenses
Accrued offering costs
Promissory note — related party
Promissory note – related party
Accounts payable
Accrued expenses and other current liabilities
Current portion of operating lease liabilities
Short-term notes payable
Total current liabilities
FPA liability
Deferred underwriting fee payable
Long-term notes payable
Warrant liabilities
Warrant liability
Non-current portion of operating lease liabilities
Other long-term liability
Long-term deferred rent
Total liabilities
Common stock subject to possible redemption 41,400,000 and 0 shares at redemption value at September 30, 2021 and December 31, 2020, respectively
Stockholders’ equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and none outstanding as of March 31, 2023 and December 31, 2022
Common stock, value
Class A Common Stock
Class B Common Stock
Total common stock, value
Additional paid-in capital
Accumulated other comprehensive income
Accumulated deficit
Total stockholders’ equity
Total liabilities and stockholders’ equity

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