Embark Technology, Inc. [Rocket]

In millions, except per share items	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Dec-31-20
	10-Q	10-Q	10-Q	10-K	10-Q	10-K
Assets
Current assets:
Cash and cash equivalents	191.0	220.4	244.5	264.6	0.0	11.1
Restricted cash, short-term	0.1	0.1	0.1	0.1		0.1
Prepaid expenses and other current assets	9.5	6.9	12.5	12.9	0.1	1.4
Total current assets	200.5	226.9	256.6	277.5	0.2	66.0
Restricted cash, long-term	0.8	0.8	0.8	0.3		0.3
Property, equipment and software, net	17.7	15.0	11.1	9.6		6.5
Operating lease right-of-use assets	22.9	6.1	6.1
Other assets	6.4	7.2	3.7	3.6		0.1
Total assets	248.3	256.0	278.3	291.0	414.2	73.0

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	2.8	4.4	4.1	2.5		0.4
Accrued expenses and other current liabilities	9.2	6.6	6.2	3.1	1.1	0.9
Current portion of operating lease liabilities	3.3	2.0	1.9
Short-term notes payable	0.5	0.5	0.4	0.4		0.2
Total current liabilities	15.7	13.6	12.6	6.0	1.8	1.5
Long-term notes payable	1.4	1.3	0.6	0.7		0.5
Warrant liability	1.6	3.0	27.3
Non-current portion of operating lease liabilities	20.1	4.4	4.4
Other long-term liability	0.1	0.1	0.1
Long-term deferred rent				0.2		0.1
Total liabilities	39.0	22.4	45.0	56.4	39.3	2.2

Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and none outstanding as of September 30, 2022 and December 31, 2021						0.0

Common stock, value
Additional paid-in capital	460.4	449.2	434.6	417.5		129.4
Accumulated deficit	-251.1	-215.7	-201.4	-182.9	-39.1	-58.7
Total stockholders’ equity	209.4	233.5	233.3	234.6	-39.1	70.8
Total liabilities and stockholders’ equity	248.3	256.0	278.3	291.0	414.2	73.0