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Income Statement
Balance Sheet
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Embark Technology, Inc.

Balance Sheet

Standardized | As Reported Annual | Quarterly
 
In millions, except per share itemsDec-31-21Dec-31-20
   10-K10-K
Assets    
Current assets:    
    Cash and cash equivalents  264.611.1
    Restricted cash, short-term  0.10.1
    Prepaid expenses and other current assets  12.91.4
        Total current assets  277.566.0
Restricted cash, long-term  0.30.3
Property, equipment and software, net  9.66.5
Other assets  3.60.1
    Total assets  291.073.0
   
Liabilities and stockholders’ equity    
Current liabilities:    
    Accounts payable  2.50.4
    Accrued expenses and other current liabilities  3.10.9
    Short-term notes payable  0.40.2
        Total current liabilities  6.01.5
Long-term notes payable  0.70.5
Long-term deferred rent  0.20.1
    Total liabilities  56.42.2
   
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  417.5129.4
    Accumulated deficit  -182.9-58.7
        Total stockholders’ equity  234.670.8
    Total liabilities and stockholders’ equity  291.073.0

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