| Jan 2, 2022 | Jan 1, 2023 | Dec 31, 2023 |
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Cash and cash equivalents | 385 | 323 | 233 |
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Accounts receivable, net | - | 0 | 1 |
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Short-term investments | - | - | 74 |
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Inventory | - | 1 | 9 |
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Accounts receivable, net | - | 0 | 1 |
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Deferred contract costs | 5 | 1 | - |
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Notes receivable, net | - | - | 2 |
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Prepaid expenses and other current assets | 8 | 5 | 5 |
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Inventory | - | 1 | 9 |
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Total current assets | 398 | 330 | 323 |
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Prepaid expenses and other current assets | 8 | 5 | 5 |
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Total current assets | 398 | 330 | 323 |
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Property and equipment, net | 77 | 104 | 166 |
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Operating Lease, Right-of-Use Asset | 7 | 6 | 15 |
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Intangible Assets, Net (Excluding Goodwill) | - | - | 42 |
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Other Assets, Noncurrent | 1 | 1 | 5 |
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Operating Lease, Right-of-Use Asset | 7 | 6 | 15 |
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Total assets | 483 | 441 | 564 |
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Goodwill | - | - | 12 |
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Other Assets, Noncurrent | 1 | 1 | 5 |
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Total assets | 483 | 441 | 564 |
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Accounts payable | 3 | 7 | 21 |
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Accrued expenses | 7 | 7 | 14 |
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Accrued compensation | 4 | 8 | 11 |
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Deferred revenue | 6 | 0 | 7 |
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Debt, Current | - | - | 6 |
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Other liabilities | 1 | 1 | 2 |
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Deferred revenue | 6 | 0 | 7 |
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Total current liabilities | 21 | 23 | 61 |
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Other liabilities | 1 | 1 | 2 |
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Total current liabilities | 21 | 23 | 61 |
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Warrant liability | - | 49 | 43 |
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Long-term debt, net | - | - | 169 |
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Operating Lease, Liability, Noncurrent | 9 | 8 | 16 |
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Warrant liability | - | 49 | 43 |
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Deferred revenue, non-current | 2 | 4 | 4 |
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Operating Lease, Liability, Noncurrent | 9 | 8 | 16 |
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Other Liabilities, Noncurrent | 0 | 0 | 0 |
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Deferred revenue, non-current | 2 | 4 | 4 |
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Total liabilities | 156 | 84 | 303 |
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Deferred tax liability | - | - | 11 |
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Other Liabilities, Noncurrent | 0 | 0 | 0 |
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Total liabilities | 156 | 84 | 303 |
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Common Stock, Value, Issued | 0 | 0 | 0 |
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Additional paid-in-capital | 659 | 741 | 857 |
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Accumulated deficit | -333 | -385 | -599 |
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Accumulated other comprehensive loss | - | - | -0 |
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Total Enovix's stockholders’ equity | 326 | 356 | 261 |
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Accumulated deficit | -333 | -385 | -599 |
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Total Enovix's stockholders’ equity | 326 | 356 | 261 |
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Non-controlling interest | - | - | 3 |
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Total equity | - | - | 261 |
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Total liabilities and equity | 483 | 441 | 564 |
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