10-K Filing

Vicarious Surgical Inc. CIK: 1812173 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001213900-24-019594`
Period End Date	20231231
Filing Date	20240304
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	ea0200707-10k_vicarious_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 31 Cash Flow Statement 68 Stockholders Equity 18

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.21M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$45.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.20M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$100.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$120.40M	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$936.00K	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$936.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.59M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$11.46M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$14.30M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$12.27M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$114.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$92.00K	USD	Point-in-time
Total assets	`Assets`	$140.29M	USD	Point-in-time
Total assets	`Assets`	$119.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.26M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.81M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.97M	USD	Point-in-time
Lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$1.05M	USD	Point-in-time
Lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$838.00K	USD	Point-in-time
Current portion of equipment loans	`CapitalLeaseObligationsCurrent`	$16.00K	USD	Point-in-time
Current portion of equipment loans	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.39M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$13.79M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$14.83M	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	$6.02M	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	$830.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$21.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.25M	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued or outstanding at December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued or outstanding at December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$172.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$230.65M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-132.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$97.97M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$111.05M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$83.09M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$140.29M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$119.86M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net (loss)/income per share of Class A and Class B common stock, diluted	`EarningsPerShareDiluted`	$-0.49	USD	Annual
Net (loss)/income per share of Class A and Class B common stock, diluted	`EarningsPerShareDiluted`	$0.04	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$43.90M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$47.58M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$6.46M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$6.23M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$29.71M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$26.86M	USD	Annual
Total operating expenses	`OperatingExpenses`	$80.67M	USD	Annual
Total operating expenses	`OperatingExpenses`	$80.08M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-80.08M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-80.67M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-5.19M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-84.00M	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$1.44M	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$4.43M	USD	Annual
Interest expense	`InterestExpense`	$200.00K	USD	Annual
Interest expense	`InterestExpense`	$25.00K	USD	Annual
(Loss)/income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.16M	USD	Annual
(Loss)/income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-71.07M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net (loss)/income	`NetIncomeLoss`	$5.16M	USD	Annual
Net (loss)/income	`NetIncomeLoss`	$-71.07M	USD	Annual
Net (loss)/income per share of Class A and Class B common stock, basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.49	USD	Annual
Net (loss)/income per share of Class A and Class B common stock, basic (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	Annual
Net unrealized income on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Net unrealized income on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$10.00K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$10.00K	USD	Annual
Comprehensive net (loss)/income	`ComprehensiveIncomeNetOfTax`	$5.16M	USD	Annual
Comprehensive net (loss)/income	`ComprehensiveIncomeNetOfTax`	$-71.06M	USD	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net (loss)/income	`NetIncomeLoss`	$5.16M	USD	Annual
Net (loss)/income	`NetIncomeLoss`	$-71.07M	USD	Annual
Depreciation	`Depreciation`	$1.11M	USD	Annual
Depreciation	`Depreciation`	$1.85M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$13.27M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$12.26M	USD	Annual
Amortization of capitalized debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	Annual
Amortization of capitalized debt issuance costs	`AmortizationOfFinancingCosts`	$75.00K	USD	Annual
Non-cash lease expense	`OtherNoncashExpense`	$829.00K	USD	Annual
Non-cash lease expense	`OtherNoncashExpense`	$814.00K	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-5.19M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-84.00M	USD	Annual
Change in accrued interest and net accretion of discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.23M	USD	Annual
Change in accrued interest and net accretion of discounts on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-671.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-1.42M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$135.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-473.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.71M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-833.00K	USD	Annual
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$937.00K	USD	Annual
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-838.00K	USD	Annual
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$22.00K	USD	Annual
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$92.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-61.21M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.30M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.35M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.67M	USD	Annual
Purchases of available-for-sale investments	`PaymentsToAcquireInvestments`	-	USD	Annual
Purchases of available-for-sale investments	`PaymentsToAcquireInvestments`	$75.70M	USD	Annual
Proceeds from sales and maturities of available-for-sale investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	Annual
Proceeds from sales and maturities of available-for-sale investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$31.59M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.35M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.78M	USD	Annual
Repayment of equipment loans	`RepaymentsOfConstructionLoansPayable`	$16.00K	USD	Annual
Repayment of equipment loans	`RepaymentsOfConstructionLoansPayable`	$47.00K	USD	Annual
Gross proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	Annual
Gross proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$47.05M	USD	Annual
Issuance costs related to issuance of common stock	`PaymentsOfStockIssuanceCosts`	$2.82M	USD	Annual
Issuance costs related to issuance of common stock	`PaymentsOfStockIssuanceCosts`	$300.00K	USD	Annual
Repayment of term loan	`RepaymentsOfBankDebt`	-	USD	Annual
Repayment of term loan	`RepaymentsOfBankDebt`	$1.35M	USD	Annual
Proceeds from short swing rule	`ProceedsFromShortTermDebt`	$200.00K	USD	Annual
Proceeds from short swing rule	`ProceedsFromShortTermDebt`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$842.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$296.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.14M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$44.70M	USD	Annual
Change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-57.42M	USD	Annual
Change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-63.39M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.76M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$174.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.76M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$174.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.14M	USD	Point-in-time
Cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$52.82M	USD	Point-in-time
Cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$116.21M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$936.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$936.00K	USD	Point-in-time
Reconciliation of restricted cash total	`RestrictedCashAndCashEquivalents`	$117.14M	USD	Point-in-time
Reconciliation of restricted cash total	`RestrictedCashAndCashEquivalents`	$53.76M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$1.00K	USD	Annual
Interest paid	`InterestPaidNet`	$41.00K	USD	Annual
Leasehold improvements acquired in connection with Waltham lease	`CapitalLeaseObligationsIncurred`	-	USD	Annual
Leasehold improvements acquired in connection with Waltham lease	`CapitalLeaseObligationsIncurred`	$1.20M	USD	Annual
Accruals for property, plant and equipment purchased during the period	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	Annual
Accruals for property, plant and equipment purchased during the period	`CapitalExpendituresIncurredButNotYetPaid`	$95.00K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Issuance of class A common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$2.82M	USD	Annual
Issuance of class A common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$300.00K	USD	Annual
Balance	`StockholdersEquity`	$97.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$111.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$83.09M	USD	Point-in-time
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$296.00K	USD	Annual
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$842.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$12.26M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$13.27M	USD	Annual
Proceeds from short swing rule	`AdjustmentsToAdditionalPaidInCapitalProceedsFromShortSwingRule`	$200.00K	USD	Annual
Issuance of class A common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$9.70M	USD	Annual
Issuance of class A common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$44.22M	USD	Annual
Net (loss)/income	`NetIncomeLoss`	$5.16M	USD	Annual
Net (loss)/income	`NetIncomeLoss`	$-71.07M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$10.00K	USD	Annual
Balance	`StockholdersEquity`	$111.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$97.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$83.09M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.