Fast Radius (FSRDQ) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Nov. 06, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Interactive Data Current	Yes
Entity Registrant Name	Fast Radius, Inc.
Entity Central Index Key	0001832351
Entity Tax Identification Number	85-3692788
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity File Number	001-40032
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Small Business	true
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	113 N. May Street
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60607
City Area Code	312
Local Phone Number	319-1060
Entity Common Stock, Shares Outstanding		75,901,646
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	FSRD
Security Exchange Name	NASDAQ
Warrant [Member]
Document Information [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share
Trading Symbol	FSRDW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 21,391	$ 8,702
Accounts receivable, net of allowances for doubtful accounts of $1,637 and $930, respectively	7,158	7,015
Inventories	443	449
Prepaid production costs	704	987
Prepaid expenses and other current assets	3,886	4,422
Total current assets	33,582	21,575
Non-current assets:
Property and equipment, net	11,119	9,528
Other non-current assets	3,051	535
Total assets	47,752	31,638
Current liabilities
Accounts payable	5,083	3,987
Accrued compensation	4,497	3,097
Accrued and other liabilities	12,400	11,610
Advances from customers	164	258
Accrued liabilities - related parties	3,750	2,513
Warrant liability	0	2,968
Current portion of term loans	26,752	13,266
Total current liabilities	52,646	37,699
Other long-term liabilities	59	396
Warrant liability	484	0
Term loans - net of current portion and debt issuance costs	0	16,776
Related party convertible notes and derivative liability	0	16,857
Total liabilities	53,189	71,728
Commitment and contingencies (Note 6)
Stockholders' equity (deficit)
Common stock, $0.0001 par value, authorized 350,000,000 shares; issued 75,901646 and 39,656,951 shares as of September 30, 2022 and December 31, 2021, respectively	8	4
Additional paid-in capital	231,854	83,399
Accumulated Deficit	(237,299)	(123,493)
Total stockholders' equity (deficit)	(5,437)	(40,090)
Total liabilities and stockholders' equity (deficit)	$ 47,752	$ 31,638

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowances for doubtful accounts	$ 1,637	$ 930
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	75,901,646	39,656,951

Condensed Consolidated Statemen

Condensed Consolidated Statements of Net Loss and Comprehensive Loss - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues	$ 7,072,000	$ 4,916,000	$ 20,609,000	$ 13,579,000
Cost of revenues	6,372,000	7,049,000	19,016,000	14,077,000
Gross Profit	700,000	(2,133,000)	1,593,000	(498,000)
Operating expenses
Sales and marketing	3,674,000	6,583,000	15,887,000	15,335,000
General and administrative	15,162,000	6,006,000	68,104,000	22,501,000
Research and development	2,255,000	461,000	7,484,000	3,148,000
Total operating expenses	21,091,000	13,050,000	91,475,000	40,984,000
Loss from Operations	(20,391,000)	(15,183,000)	(89,882,000)	(41,482,000)
Change in fair value of warrants	690,000	(474,000)	7,311,000	(1,526,000)
Change in fair value of derivatives	0	(195,000)	30,000	(189,000)
Interest income and other income (expense), net	126,000	(3,000)	156,000	0
Interest expense, including amortization of debt issuance costs	(2,603,000)	(1,238,000)	(6,580,000)	(1,787,000)
Loss before income taxes	(22,178,000)	(17,093,000)	(88,965,000)	(44,984,000)
Provision for income taxes	0	0	0	0
Net Loss	$ (22,178,000)	$ (17,093,000)	$ (88,965,000)	$ (44,984,000)
Earnings Per Share [Abstract]
Basic	$ (0.29)	$ (0.41)	$ (1.25)	$ (1.09)
Diluted	$ (0.29)	$ (0.41)	$ (1.25)	$ (1.09)
Weighted average shares outstanding:
Basic	76,670,955	41,686,939	71,368,336	41,341,537
Diluted	76,670,955	41,686,939	71,368,336	41,341,537

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($) $ in Thousands	Total	Previously Reported	Previously Reported Convertible Preferred Equity	Adjustments	Adjustments Convertible Preferred Equity	Common Stock	Common Stock Previously Reported	Common Stock Adjustments	Treasury Stock	Treasury Stock Previously Reported	Treasury Stock Adjustments	APIC	APIC Previously Reported	APIC Adjustments	Accumulated Deficit	Accumulated Deficit Previously Reported	Accumulated Deficit Adjustments
Beginning balance at Dec. 31, 2020			$ 74,290		$ (74,290)
Beginning Balance, Shares at Dec. 31, 2020			16,023,000		(16,023,000)
Beginning balance at Dec. 31, 2020	$ 22,405	$ (51,885)		$ 74,290		$ 4		$ 4		$ (221)	$ 221	$ 78,010	$ 3,724	$ 74,286	$ (55,609)	$ (55,388)	$ (221)
Beginning balance, Shares at Dec. 31, 2020						38,655,000	3,428,000	35,227,000		(650,000)	650,000
Net loss	(12,786)														(12,786)
Exercise of stock options and release of notes' recourse provision	9											9
Exercise of stock options and release of notes' recourse provision, Shares						1,002,000
Stock-based compensation	254											254
Ending balance at Mar. 31, 2021	9,882					$ 4						78,273			(68,395)
Ending balance, Shares at Mar. 31, 2021						39,657,000
Beginning balance at Dec. 31, 2020			$ 74,290		$ (74,290)
Beginning Balance, Shares at Dec. 31, 2020			16,023,000		(16,023,000)
Beginning balance at Dec. 31, 2020	22,405	(51,885)		74,290		$ 4		$ 4		$ (221)	$ 221	78,010	3,724	74,286	(55,609)	(55,388)	(221)
Beginning balance, Shares at Dec. 31, 2020						38,655,000	3,428,000	35,227,000		(650,000)	650,000
Net loss	(44,984)
Ending balance at Sep. 30, 2021	(17,392)								$ 4			82,958			(100,354)
Ending balance, Shares at Sep. 30, 2021						39,740
Beginning balance at Mar. 31, 2021	9,882					$ 4						78,273			(68,395)
Beginning balance, Shares at Mar. 31, 2021						39,657,000
Net loss	(15,105)														(15,105)
Exercise of stock options and release of notes' recourse provision	7											7
Exercise of stock options and release of notes' recourse provision, Shares						47,000
Issuance of equity warrants to related party	2,201											2,201
Stock-based compensation	207											207
Ending balance at Jun. 30, 2021	(2,808)					$ 4						80,688			(83,500)
Ending balance, Shares at Jun. 30, 2021						39,704,000
Net loss	(17,093)														(17,093)
Issuance of equity warrants	2,245											2,245
Exercise of stock options and release of notes' recourse provision	25											25
Exercise of stock options and release of notes' recourse provision, Shares						36,000
Stock-based compensation	239														239
Ending balance at Sep. 30, 2021	(17,392)								$ 4			82,958			(100,354)
Ending balance, Shares at Sep. 30, 2021						39,740
Beginning balance at Dec. 31, 2021			$ 74,290		$ (74,290)
Beginning Balance, Shares at Dec. 31, 2021			16,023,000		(16,023,000)
Beginning balance at Dec. 31, 2021	(40,090)	(114,380)		74,290		$ 4		$ 4		$ (221)	$ 221	83,399	9,113	74,286	(123,493)	(123,272)	(221)
Beginning balance, Shares at Dec. 31, 2021						399,130,000	4,040,000	35,873,000		(650,000)	650,000
Net loss	(44,600)														(44,600)
Effect of Business Combination and recapitalization, net of redemptions and issuance costs	3,030					$ 1						3,029
Effect of Business Combination and recapitalization, net of redemptions and issuance costs, Shares						11,737,000
Issuance of common stock pursuant to PIPE investment	75,000					$ 1						74,999
Issuance of common stock pursuant to PIPE investment, Shares						7,500,000
Issuance of common stock upon conversion of convertible notes	17,655											17,655
Issuance of common stock upon conversion of convertible notes, shares						2,034,000
Exercise of stock options	63											63
Exercise of stock options, Shares						441,000
Issuance of common stock for settlement of share-based awards						$ 1						(1)
Issuance of common stock for settlement of share-based awards, Shares						9,176,000
Exercise of Legacy Fast Radius warrants	1,020											1,020
Exercise of Legacy Fast Radius warrants, shares						2,240,000
Company vesting shares granted to Fast Radius shareholders												24,841			(24,841)
Stock-based compensation	20,368											20,368
Ending balance at Mar. 31, 2022	32,446					$ 7						225,373			(192,934)
Ending balance, Shares at Mar. 31, 2022						73,041,000
Beginning balance at Dec. 31, 2021			$ 74,290		$ (74,290)
Beginning Balance, Shares at Dec. 31, 2021			16,023,000		(16,023,000)
Beginning balance at Dec. 31, 2021	(40,090)	$ (114,380)		$ 74,290		$ 4		$ 4		$ (221)	$ 221	83,399	$ 9,113	$ 74,286	(123,493)	$ (123,272)	$ (221)
Beginning balance, Shares at Dec. 31, 2021						399,130,000	4,040,000	35,873,000		(650,000)	650,000
Net loss	(88,965)
Ending balance at Sep. 30, 2022	(5,437)											231,854			(237,299)
Ending balance, Shares at Sep. 30, 2022						75,902			8
Beginning balance at Mar. 31, 2022	32,446					$ 7						225,373			(192,934)
Beginning balance, Shares at Mar. 31, 2022						73,041,000
Net loss	(22,187)														(22,187)
Exercise of stock options	148											148
Exercise of stock options, Shares						660,000
Issuance of common stock for settlement of share-based awards						$ 1						(1)
Issuance of common stock for settlement of share-based awards, Shares						627,000
Issuance of common stock for settlement of bonus liability	696											696
Issuance of common stock for settlement of bonus liability, shares						479,000
Issuance of common stock for commitment shares	452											452
Issuance of common stock for commitment shares, shares						728,000
Stock-based compensation	2,562											2,562
Ending balance at Jun. 30, 2022	14,117					$ 8						229,230			(215,121)
Ending balance, Shares at Jun. 30, 2022						75,535,000
Net loss	(22,178)														(22,178)
Exercise of stock options	65											65
Exercise of stock options, Shares						109
Issuance of common stock for settlement of share-based awards, Shares						258
Stock-based compensation	2,559											2,559
Ending balance at Sep. 30, 2022	$ (5,437)											$ 231,854			$ (237,299)
Ending balance, Shares at Sep. 30, 2022						75,902			8

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net loss	$ (88,965)	$ (44,984)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	2,050	1,029
Amortization of deferred financing and convertible debt discount	4,594	1,232
Provision for doubtful accounts	707	242
Loss on disposal of assets	190	228
Stock-based compensation	25,489	700
Issuance of commitment shares to Lincoln Park	452
Income from settlement of bonus liability with RSUs	(554)
Change in fair value of warrants	(7,311)	1,526
Change in fair value of derivative liability	(30)	189
Non-cash restructuring expenses	153
Changes in operating assets and liabilities
Accounts Receivable	(850)	(1,341)
Inventories	6	(276)
Prepaid production costs	283	(1,042)
Prepaid expense and other current assets	(3,090)	(2,186)
Accounts payable	995	684
Accrued compensation and other liabilities	(3,732)	9,619
Advances from customers	(94)	190
Deferred revenue		(5)
Other non-current assets	(2,660)	(111)
Net cash used in operating activities	(72,367)	(34,306)
Cash flows from investing activities
Additions to property and equipment	(4,493)	(6,437)
Proceeds from sale of assets	763
Net cash used in investing activities	(3,730)	(6,437)
Cash flows from financing activities
Proceeds from exercise of stock options	276	40
Proceeds from term loans		24,487
Debt issuance costs		(122)
Effect of merger, net of transaction costs paid	22,517
Issuance of PIPE shares	75,000
Repayment of term loans	(7,625)	(803)
Deferred financing fees		(500)
Payment of deferred underwriting fees	(1,382)
Proceeds from convertible notes and warrants with related parties		10,600
Net cash generated from financing activities	88,786	33,702
Net increase (decrease) in cash	12,689	(7,041)
Cash, beginning of period	8,702	18,494
Cash, end of period	21,391	11,453
Supplemental disclosure of cash flow information
Capital expenditures not yet paid	$ 340	411
Issuance of liability classified warrants		$ 988

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Note 1. Nature of Operations and Basis of Presentation Fast Radius, Inc. (“Fast Radius” or the “Company”), f/k/a ECP Environmental Growth Opportunities Corp. (“ENNV”), was formed as a Delaware corporation on October 29, 2020. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses (“Business Combination”). Fast Radius is a cloud manufacturing and digital supply chain company. The Fast Radius solution combines a proprietary software platform with physical infrastructure to enable accelerated product development and digital tools for product engineers. Fast Radius is headquartered in Chicago, Illinois, with additional operating locations in Atlanta, Georgia; Louisville, Kentucky; and Singapore. Fast Radius’ operations in Louisville, Kentucky are located within the Worldport facility of United Parcel Service, Inc. (“UPS”), enabling parts to be produced and shipped late into the evening for overnight distribution around the world. Fast Radius is organized as a single operating segment. Substantially all of the assets and operations of Fast Radius are located in the United States (“U.S.”). Basis of Presentation On July 18, 2021, the Company entered into an Agreement and Plan of Merger (as amended, the “Merger Agreement”) by and among the Company, ENNV Merger Sub, Inc., a wholly owned subsidiary of ENNV (“Merger Sub”), and Fast Radius Operations, Inc. (f/k/a Fast Radius, Inc.) (“Legacy Fast Radius”), pursuant to which Merger Sub agreed to merge with and into Legacy Fast Radius, with Legacy Fast Radius surviving such merger as a wholly owned subsidiary of the Company (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Business Combination”). At the closing of the Merger (the “Closing”), the Company was renamed “Fast Radius, Inc.” The Business Combination was completed on February 4, 2022 (“the Closing Date”). The Merger was accounted for as a reverse recapitalization (the “Reverse Recapitalization”) in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Under this method of accounting, ENNV is treated as the “acquired” company and Legacy Fast Radius is treated as the acquirer for financial reporting purposes. The Reverse Recapitalization was treated as the equivalent of Legacy Fast Radius issuing stock for the net assets of ENNV, accompanied by a recapitalization. The net assets of ENNV are stated at historical cost, with no goodwill or other intangible assets recorded. Legacy Fast Radius was determined to be the accounting acquirer based on the following predominant factors: • Legacy Fast Radius stockholders have the largest portion of voting rights in the Company; • Legacy Fast Radius stockholders have the ability to elect the majority of the directors to the Company’s board of directors (the "Board"); • Legacy Fast Radius’ management comprise the management of the Company; • Legacy Fast Radius’ operations comprise the ongoing operations of the Company; • Legacy Fast Radius is the larger entity based on historical revenues and business operations; and • The Company assumed Legacy Fast Radius’ name. The consolidated assets, liabilities and results of operations prior to the Reverse Recapitalization are those of Legacy Fast Radius. The shares and corresponding capital amounts and losses per share, prior to the Business Combination, have been retroactively restated based on shares reflecting the exchange ratio established in the Business Combination. Activity within the Condensed Consolidated Statements of Stockholders’ Equity for the issuance and repurchases of Legacy Fast Radius redeemable convertible preferred stock were also retroactively converted to Legacy Fast Radius common stock. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial reporting and Securities and Exchange Commission (the "SEC") regulations. In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation have been included. Results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year ended December 31, 2022. A description of the Company’s significant accounting policies is included in the Company’s audited consolidated financial statements as of and for the year ended December 31, 2021 included as Exhibit 99.1 to the Company’s Form 8-K/A filed with the SEC on March 30, 2022. These unaudited condensed consolidated financial statements should be read in conjunction with the Legacy Fast Radius December 31, 2021 audited consolidated financial statements and the accompanying notes. The unaudited condensed consolidated financial statements include the accounts of the Company and its controlled subsidiaries. All significant intercompany accounts and transactions have been eliminated. Voluntary Filing Under Chapter 11 On November 7, 2022, the Company, together with its subsidiaries (the “Debtors”), filed voluntary petitions (collectively, the “Bankruptcy Petitions”) under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”). The filing was made in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Chapter 11 proceedings are being jointly administered under the caption In re Fast Radius, Inc., et al., Case No. 22-11051 (the “Chapter 11 Cases”). The Debtors will continue their operations in the ordinary course of business as debtors-in-possession and pursue a structured sale of their assets pursuant to a competitive bidding and auction process. On November 9, 2022, the Bankruptcy Court entered orders approving a variety of “first day” relief for the Debtors, including authority to: (a) continue using their existing cash management system, (b) pay prepetition wages, compensation and employee benefits, (c) use cash collateral, (d) maintain existing insurance policies and pay related obligations, (e) pay certain prepetition taxes, (f) provide adequate assurance of payment to their utility providers, and (g) pay certain prepetition claims of certain vendors. Subject to certain exceptions, under the Bankruptcy Code, the filing of the Bankruptcy Petitions automatically enjoined, or stayed, the continuation of most judicial or administrative proceedings or filing of other actions against the Debtors or their property to recover, collect or secure a claim arising prior to the date of the Bankruptcy Petitions. Accordingly, although the filing of the Bankruptcy Petitions triggered defaults on the Debtors’ debt obligations, creditors are stayed from taking any actions against the Debtors as a result of such defaults, subject to certain limited exceptions permitted by the Bankruptcy Code. Absent an order of the Bankruptcy Court, substantially all of the Debtors’ pre-petition liabilities are subject to settlement under the Bankruptcy Code. The filing of the Bankruptcy Petitions constituted an event of default that accelerated certain of the Company’s debt obligations. However, under the Bankruptcy Code, the creditors under these debt agreements are stayed from taking any action against the Company as a result of the default. Going Concern Consideration Based on the Company’s evaluation of the circumstances described above, substantial doubt exists about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements are prepared in accordance with U.S. GAAP applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. However, as a result of the Chapter 11 Cases, the realization of assets and the satisfaction of liabilities are subject to uncertainty. The Company’s liquidity requirements, and the availability to it of adequate capital resources are difficult to predict at this time. Notwithstanding the protections available to the Company under the Bankruptcy Code, if its future sources of liquidity are insufficient, the Company would face substantial liquidity constraints and will likely be required to significantly reduce, delay or eliminate capital expenditures, implement further cost reductions, seek other financing alternatives or cease operations as a going concern and liquidate. While operating as debtors-in-possession during the Chapter 11 Cases, the Company may sell or otherwise dispose of or liquidate assets or settle liabilities, subject to the approval of the Bankruptcy Court or as otherwise permitted in the ordinary course of business, for amounts other than those reflected in these condensed consolidated financial statements. Further, a Plan could materially change the amounts and classifications of assets and liabilities reported in these condensed consolidated financial statements. If confirmation by the Bankruptcy Court of a Chapter 11 plan does not occur, or if the Bankruptcy Court otherwise finds that it would be in the best interest of holders of claims and interests or upon the showing of cause, the Bankruptcy Court may convert the Company's Chapter 11 Cases to cases under Chapter 7 of the Bankruptcy Code. In such event, a Chapter 7 trustee would be appointed or elected to liquidate the Company's assets for distribution in accordance with the priorities established by the Bankruptcy Code. The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of this uncertainty. COVID-19 Impact In March 2020, the World Health Organization declared the outbreak of the new strain of the coronavirus (“COVID-19”) to be a pandemic. The COVID-19 pandemic is having widespread, rapidly evolving, and unpredictable impacts on global society, economies, financial markets, and business practices. Federal, state and foreign governments have implemented measures in an effort to contain the virus, including social distancing, travel restrictions, border closures, limitations on public gatherings, work from home, supply chain logistical changes, and closure of non-essential businesses. To protect the health and well-being of its employees, suppliers, and customers, the Company previously made substantial modifications to employee travel policies, implemented office closures as employees were advised to work from home, and cancelled or shifted its conferences and other events to virtual-only. The COVID-19 pandemic has impacted and may continue to impact the Company’s business operations, including its employees, customers, partners, and communities, and there is substantial uncertainty in the nature and degree of the pandemic’s continued effects over time. In particular, the COVID-19 virus continues to surge in various parts of the world, including China, and such surges have impacts on the Company’s suppliers and may cause supply chain issues, parts shortages and delayed shipping times. COVID-19 and other similar outbreaks, epidemics or pandemics could have a material adverse effect on the Company’s business, financial condition, results of operations, cash flows and prospects as a result of any of the risks described above and other risks that the Company is not able to predict.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Use of Estimates in Condensed Consolidated Financial Statements The preparation of the consolidated interim financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, related disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses for the periods presented. The Company’s most significant estimates and judgements involve valuation of the Company’s debt and equity securities (prior to the Business Combination), including assumptions made in the fair value of warrants, derivatives, and stock-based compensation; the useful lives of fixed assets; and allowances for doubtful accounts. Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances. Actual results may differ from management’s estimates if these results differ from historical experience or other assumptions prove not to be substantially accurate, even if such assumptions are reasonable when made. Other than the below, there have been no material changes to the Company's significant accounting policies from its audited consolidated financial statements included as Exhibit 99.1 to the Company’s Form 8-K/A filed with the SEC on March 30, 2022. Redeemable Convertible Preferred Stock Prior to the Business Combination, Legacy Fast Radius' Series Seed, Seed-1, A-1, A-2, A-3, and B Convertible Preferred Stock (collectively the “Preferred Stock”) were classified in temporary equity as they contained terms that could force Legacy Fast Radius to redeem the shares for cash or other assets upon the occurrence of an event not solely within Legacy Fast Radius' control. Legacy Fast Radius adjusted the carrying values of the Preferred Stock each reporting period to the redemption value inclusive of any declared and unpaid dividends. All Preferred Stock previously classified as temporary equity was retroactively adjusted and reclassified to permanent equity as a result of the Business Combination. As a result of the Business Combination, each share of Preferred Stock that was then issued and outstanding was automatically converted into Legacy Fast Radius common stock, such that each converted share of Preferred Stock was no longer outstanding and ceased to exist. Each share of Legacy Fast Radius common stock, including the Legacy Fast Radius common stock issued upon conversion of Legacy Fast Radius Preferred Stock, was converted into and exchanged for 2.056 (the “Exchange Ratio”) shares of the Company’s common stock. The Exchange Ratio was established pursuant to the terms of the Merger Agreement. Warrants At September 30, 2022, there were 15,516,639 warrants to purchase shares of common stock of the Company ("Common Stock"), consisting of 8,624,972 public warrants (the “Public Warrants”) and 6,891,667 private warrants held by the ENNV initial stockholders (the “Private Placement Warrants” and collectively with the Public Warrants, the “Warrants”). Each Warrant entitles the registered holder to purchase one share of Common Stock at a price of $ 11.50 per share. The Warrants expire on February 4, 2027 , or earlier upon redemption or liquidation. The Private Placement Warrants are identical to the Public Warrants underlying the units sold in the Company's initial public offering, except that the Private Placement Warrants and the shares of Common Stock issuable upon exercise of the Private Placement Warrants were not transferable, assignable, or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants are non-redeemable and can be exercised on a cashless basis so long as they are held by the initial purchasers or such purchasers’ permitted transferees. If the Private Placement Warrants are held by someone other than the initial stockholders of ENNV or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. The Company may redeem the Public Warrants when the price per share of Common Stock equals or exceeds $ 18.00 : • In whole and not in part; • At a price of $ 0.01 per Warrant; • Upon not less than 30 days ’ prior written notice of redemption; • If, and only if, the reported last sale price of the shares of Common Stock equals or exceeds $ 18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period commencing at any time after the warrants become exercisable and ending on the third business day prior to the notice of redemption to warrant holders; and • if, and only if, there is a current registration statement in effect with respect to the shares of Common Stock underlying the warrants. The Company may redeem the Public Warrants when the price per share of Common Stock equals or exceeds $ 10.00 : • In whole and not in part; • Upon not less than 30 days ’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares of Common Stock to be determined by reference to an agreed table based on the redemption date and the “fair market value” of shares of Common Stock; • If, and only if, the reported last sale price of the shares of Common Stock equals or exceeds $ 10.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) on the trading day prior to the date on which of redemption is sent to the warrant holders; and • if, and only if, the Private Placement Warrants are also concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above. The Company accounts for the Public Warrants and Private Placement Warrants in accordance with the guidance contained in ASC 815-40. Such guidance provides that because the Warrants do not meet the criteria for equity treatment thereunder, each Warrant must be recorded as a liability. Significant Customers and Concentration of Credit Risks The Company is subject to credit risk primarily through its accounts receivable. Credit is generally extended to customers based on a credit review. The credit review considers each customer’s financial condition, including the customer’s established credit rating or the Company’s assessment of the customer’s creditworthiness based on their financial statements absent a credit rating, local industry practices, and business strategy. A credit limit and terms are established for each customer based on the outcome of this review. The Company performs on-going credit evaluations of its customers and maintains allowances for potential credit losses which, when realized, have been within the range of management’s expectations. The Company generally does not require collateral. The Company regularly evaluates the credit risk of its customers. Significant customers are those that represent more than 10 % of the Company’s total revenue or accounts receivable. For the three and nine months ended September 30, 2022 and 2021, no single customer accounted for more than 10 % of the Company's revenue. As of September 30, 2022 and December 31, 2021, no single customer accounted for more than 10 % of the Company's accounts receivable.

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Business Combination	Note 3. Business Combination As discussed in Note 1, on February 4, 2022, the Company completed the Business Combination with Legacy Fast Radius through the Merger, with Legacy Fast Radius surviving the Merger as a wholly-owned subsidiary of the Company. Upon the consummation of the Business Combination, each share of Legacy Fast Radius common stock issued and outstanding was canceled and converted into the right to receive 2.056 shares of Common Stock. Upon the closing of the Business Combination, the Company’s certificate of incorporation was amended and restated to, among other things, increase the total number of authorized shares of all classes of capital stock to 351,000,000 shares, of which 350,000,000 shares were designated Common Stock, $ 0.0001 par value per share, and 1,000,000 shares designated preferred stock, $ 0.0001 par value per share. Each option to purchase Legacy Fast Radius common stock that was outstanding immediately prior to the Business Combination, whether vested or unvested, was converted into an option to purchase a number of shares of Common Stock equal to the product (rounded down to the nearest whole number) of (i) the number of shares of Legacy Fast Radius common stock subject to such Legacy Fast Radius option and (ii) approximately 2.3 , at an exercise price per share (rounded up to the nearest whole cent) equal to (A) the exercise price per share of such Legacy Fast Radius option, divided by (B) approximately 2.3 . Each unvested restricted stock unit awarded by Legacy Fast Radius that was outstanding immediately prior to the Business Combination was converted into an award of restricted stock units to acquire a number shares of Common Stock equal to the product (rounded down to the nearest whole number) of (1) the number of shares of Legacy Fast Radius common stock subject to the Legacy Fast Radius restricted stock unit award and (2) approximately 2.3 . The aggregate merger consideration also included an amount equal to 10,000,000 shares of common stock (the “Merger Earn Out Shares”) which are subject to the satisfaction of certain price targets set forth in the Merger Agreement during the earn out period, which price targets are based upon (i) the daily volume-weighted average sale price of shares of Common Stock quoted on NASDAQ, or the exchange on which the shares of Common Stock are then traded, for any 20 trading days within any 30 consecutive trading day period within the earn out period or (ii) the per share consideration received in connection with the occurrence of certain change of control events of the Company specified in the Merger Agreement (any such event, an “Acquiror Sale”). The Merger Earn Out Shares will be issuable in two equal tranches of 5,000,000 shares of Common Stock at the time that the Common Stock reaches a value, as calculated above, of $ 15.00 and $ 20.00 , respectively. Furthermore, the Merger Agreement provides that 10 % of the shares of Common Stock held by ENNV Holdings, LLC (the "Sponsor" and such shares, the “Sponsor Earn Out Shares”) are subject to vesting upon the satisfaction of certain price targets set forth in the Sponsor Support Agreement during the earn out period, which price targets will be based upon (i) the daily volume-weighted average sale price of shares of Common Stock quoted on NASDAQ, or the exchange on which the shares of Common Stock are then traded, for any 20 trading days within any 30 consecutive trading day period within the earn out period or (ii) the per share consideration received in connection with an Acquiror Sale. The Sponsor Earn Out Shares will vest in two equal tranches of 407,000 shares of Common Stock at the time that the Common Stock reaches a value, as calculated above, of $ 15.00 and $ 20.00 , respectively. If, during the earn out period, there is an Acquiror Sale that will result in the holders of Common Stock receiving a per share price (based on the value of the cash, securities or in-kind consideration being delivered in respect of such Common Stock, as determined in good faith by the Board) equal to or in excess of the applicable stock price level set forth above, then immediately prior to the consummation of such Acquiror Sale, the Legacy Fast Radius equity holders entitled to Merger Earn Out Shares and the Sponsor Earnout Shares shall be eligible to participate in such Acquiror Sale. If, during the earn out period, there is an Acquiror Sale that will result in the holders of Common Stock receiving a per share price (based on the value of the cash, securities or in-kind consideration being delivered in respect of such common stock, as determined in good faith by the Board) that is less than the applicable stock price level set forth above, then no Merger Earn Out Shares shall be issuable and no Sponsor Earn Out Shares shall become vested in connection with or following completion of such Acquiror Sale. In the event of an Acquiror Sale, including where the consideration payable is other than a specified price per share, for purposes of determining whether the applicable stock price levels set forth above have been achieved, the price paid per share of Common Stock will be calculated on a basis that takes into account the number of Sponsor Earn Out Shares that will vest and the number of Merger Earn Out Shares that will vest (i.e., the ultimate price per share payable to all holders of Common Stock will be the same price per share used to calculate the number of Sponsor Earn Out Shares and Merger Earn Out Shares that vest). The Sponsor will have all of the rights of a holder of Common Stock with respect to the unvested Sponsor Earn Out Shares, except that the Sponsor will not be entitled to consideration in connection with any sale or other transaction and the Sponsor Earn Out Shares cannot be sold, redeemed, assigned, pledged, hypothecated, encumbered or otherwise disposed of prior to vesting. As the Merger Earn Out Shares and Sponsor Earn Out Shares are not puttable by the holders thereof, the underlying shares are not redeemable outside of the Company’s control, and the Merger Earn Out Shares and Sponsor Earn Out Shares are settled through the issuance (in the case of the Merger Earn Out Shares) or through the vesting (in the case of the Sponsor Earn Out Shares) a fixed number of shares, the Merger Earn Out Shares and Sponsor Earn Out Shares are not a liability within the scope of ASC 480, Distinguishing Liabilities from Equity. Further, although the Merger Earn Out Shares and Sponsor Earn Out Shares meet the definition of a derivative, they qualify for the equity-scope exception to derivative accounting because they meet the criteria for equity indexation and equity classification under ASC 815-40, Contracts in Entity’s Own Equity. Note that if an Acquiror Sale occurs as a result of a cash offer, the calculation of the share price used to determine if the applicable stock price level set forth above has been achieved would include the Merger Earn Out Shares and Sponsor Earn Out Shares. Lastly, the Merger Earn Out Shares and Sponsor Earn Out Shares are indexed to the Company’s own stock, as there are no other events that would accelerate the vesting of such shares other than the share price being in excess of the applicable stock price levels set forth above or an Acquiror Sale. The Merger Earn Out Shares are reflected in the condensed consolidated financial statements similar to a dividend since this arrangement was entered into with all the common shareholders of Legacy Fast Radius, which is considered the acquirer for accounting purposes. In connection with the execution of the Merger Agreement, the Company entered into separate subscription agreements (the “Subscription Agreements”) with certain investors (each a “Subscriber”), pursuant to which the Subscribers agreed to purchase, and the Company agreed to sell to the Subscribers, an aggregate of 7,500,000 shares of Common Stock (the “PIPE Shares”), for a purchase price of $ 10.00 per share and an aggregate purchase price of $ 75 million in the PIPE investment. The PIPE investment closed concurrently with the closing of the Business Combination. Upon the closing of the Business Combination, ENNV had outstanding 8,624,972 Public Warrants and 6,891,667 Private Warrants . The Public Warrants were listed on the Nasdaq Capital Market under the symbol “ENNVW.” Upon the closing of the Business Combination, they became listed on the Nasdaq Global Select Market under the symbol “FSRDW.” The Warrants remain subject to the same terms and conditions as prior to the Business Combination. Also immediately prior to the closing of the Business Combination, the Legacy Fast Radius convertible notes (the “Convertible Notes”) and Legacy Fast Radius warrants (the "Legacy Fast Radius Warrants") were converted into common shares of Legacy Fast Radius in accordance with their contractual terms. Upon completion of the Business Combination, the outstanding principal and unpaid accrued interest due on the Legacy Fast Radius Convertible Notes were converted into an aggregate of 2.0 million shares of Common Stock, and the converted notes were no longer outstanding, and ceased to exist. Upon completion of the Business Combination, the Legacy Fast Radius Warrants were converted into 2.2 million shares of Common Stock. Upon consummation of the Business Combination and the closing of the PIPE, the most significant change in Legacy Fast Radius’ financial position and results of operations was a total net increase in cash and cash equivalents of approximately $ 73 million, which reflected the gross proceeds received less repayments of certain indebtedness, transaction costs and other related fees and expenses such as directors & officers' insurance and certain assumed liabilities from ENNV. The Business Combination is accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, ENNV was treated as the “acquired” company for financial reporting purposes. See Note 1 for further details. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of Legacy Fast Radius issuing stock for the net assets of ENNV, accompanied by a recapitalization. The net assets of ENNV are stated at historical cost, with no goodwill or other intangible assets recorded. The following table reconciles the elements of the Business Combination to the unaudited condensed consolidated statements of stockholders’ equity (deficit) and cash flows for the nine months ended September 30, 2022: (in thousands) Cash - ENNV trust and cash, net of redemptions $ 30,844 Cash - PIPE financing 75,000 Non-cash Convertible Note conversion 17,655 Non-cash Legacy Fast Radius warrant conversion 1,020 Liabilities paid on behalf of or assumed from ENNV ( 10,361 ) Fair value of assumed common stock warrants ( 5,847 ) Transaction costs recorded in equity ( 11,606 ) Net impact on total stockholders’ equity 96,705 Transaction costs not yet paid or paid in the prior year 6,450 Non-cash Convertible Note conversion ( 17,655 ) Non-cash Legacy Fast Radius warrant conversion ( 1,020 ) Liabilities paid on behalf of ENNV and classified as operating cash flows or assumed from ENNV and not yet paid 5,808 Non-cash fair value of assumed common stock warrants 5,847 Net impact on net cash provided by financing activities $ 96,135

Supplemental Financial Informat

Supplemental Financial Information	9 Months Ended
	Sep. 30, 2022
Supplemental Financial Information [Abstract]
Supplemental Financial Information	Note 4. Supplemental Financial Information Allowance for Doubtful Accounts The following table summarizes activity in the allowance for doubtful accounts for the three and nine months ended September 30, 2022 and 2021 : (in thousands) Three months ended September 30, Nine Months ended September 30, 2022 2021 2022 2021 Balance at beginning of period $ ( 1,499 ) $ ( 696 ) $ ( 930 ) $ ( 405 ) Uncollectible accounts (charged) credited to expense ( 138 ) 46 ( 707 ) ( 242 ) Uncollectible accounts written off (recovered) — 39 — 36 Balance at end of period $ ( 1,637 ) $ ( 611 ) $ ( 1,637 ) $ ( 611 ) Inventories (in thousands) September 30, 2022 December 31, 2021 Raw materials $ 388 $ 433 Work-in-process 55 16 Finished Goods — — Total Inventories $ 443 $ 449 Property and Equipment, Net (in thousands) September 30, 2022 December 31, 2021 Advanced manufacturing machinery & quality equipment $ 4,644 $ 5,705 Software 6,227 2,912 Computer & office hardware 1,226 1,149 Furniture and fixtures 252 39 Leasehold improvements 3,377 3,048 Construction in-progress 493 - Total property, plant and equipment 16,219 12,853 Accumulated depreciation and amortization ( 5,100 ) ( 3,325 ) Property, plant and equipment (net) $ 11,119 $ 9,528 Accrued and Other Liabilities Accrued and other liabilities as of September 30, 2022 and December 31, 2021 included costs associated with the Business Combination of approximately $ 10.5 million and $ 6.3 million, respectively.

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Note 5. Debt The following is a summary of short- and long-term debt: (in thousands) September 30, 2022 December 31, 2021 2020 MFS Loan $ 260 $ 314 Manufacturers Capital Promissory Notes 249 968 Related Party - Energize Convertible Debt - 7,600 2020 SVB Loan 7,725 10,225 2021 SVB Loan 18,518 20,800 Related Party - Drive Capital Convertible Debt - 3,000 Related Party - ECP Holdings Convertible Debt - 7,000 Total Outstanding Principal 26,752 49,907 Less: Discounts and deferred financing fees - ( 7,403 ) Total Outstanding Debt 26,752 42,504 Fair Value of Derivatives - 4,395 Total Debt and Derivative Liabilities $ 26,752 $ 46,899 SVB Loans On February 4, 2022, the 2021 Silicon Valley Bank (“SVB”) Loan was amended to extend the maturity date from the Closing Date to April 3, 2023 and required payment of $ 2.0 million of the $ 20.0 million outstanding principal balance upon consummation of the Business Combination. This amendment also added the original $ 0.8 million fee due at the Closing Date to the amended loan’s outstanding principal balance, deferring its repayment until maturity. In exchange for the extension of the loan, Fast Radius will pay an additional fee of $ 2.1 million due at maturity. The Company made six interest-only monthly payments beginning March 1, 2022 and paid $ 2.4 million in monthly principal plus interest on September 1, 2022 and October 1, 2022. The interest rate on the term loan is the prime rate + 6.0 %. The filing of the Bankruptcy Petitions constituted an event of default that accelerated the obligations of the Company in respect of the SVB Loans. As a result, the principal, accrued interest thereunder and all other fees and expenses required to be paid pursuant to the terms of the SVB Loans thereof became immediately due and payable. However, under the Bankruptcy code, SVB is stayed from taking any action against the Company as a result of the default. In addition, the Company immediately expensed approximately $ 1.1 million of unamortized issuance costs in the third quarter of 2022. 2020 MFS Loan and Manufacturers Capital Promissory Notes In 2021, Legacy Fast Radius entered into various note agreements with Manufacturers Capital to finance the purchase of machinery and equipment. In the third quarter of 2022, the Company sold certain equipment that was financed with the notes and used a portion of the proceeds to repay the remaining amounts due related to each individual item that was sold. The filing of the Bankruptcy Petitions constituted an event of default that accelerated the obligations of the Company in respect of the 2020 MFS Loan and Manufacturers Capital Promissory Notes. As a result, the principal and accrued interest thereunder required to be paid pursuant to the terms of the agreements became immediately due and payable. However, under the Bankruptcy Code, Manufacturers Capital is stayed from taking any action against the Company as a result of the default. Related Party Convertible Notes – Energize Ventures Fund On March 12, 2021, Legacy Fast Radius entered into a note purchase agreement with Energize Ventures Fund LP, Energize Growth Fund I LP, EV FR SPV and Ironspring Venture Fund I-FR, LP, all of which were existing stockholders or affiliates of existing shareholders of Legacy Fast Radius, for convertible promissory notes (collectively the “Related Party Convertible Notes I”). Legacy Fast Radius received the principal of $ 7.6 million on April 13, 2021 at closing. The Related Party Convertible Notes had a stated interest rate of 6 %, with all accrued interest and principal due at maturity, which was scheduled to be April 13, 2023 . Further, warrants to purchase a maximum of 140,000 shares with an exercise price of $ 0.01 were issued in conjunction with the closing of the Related Party Convertible Notes I. The warrants were determined to be equity classified and were recorded as a discount to the Related Party Convertible Notes I. The Related Party Convertible Notes I contained a share settlement redemption feature that qualified as a derivative liability and required bifurcation. The derivative had a fair value of $ 2.5 million as of December 31, 2021 and was recorded in Related party convertible notes and derivative liability on the condensed consolidated balance sheet. For the nine months ended September 30, 2022, the Company recognized a mark to market gain associated with the derivative of $ 47 thousand. The following provides a summary of the interest expense of the Company’s Related Party Convertible Notes I and Related Party Derivative Liability with Energize Ventures: (in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Contractual interest expense $ - $ 115 $ 44 $ 212 Amortization of deferred financing costs and convertible debt discount - 380 184 663 Total Interest Expense $ - $ 495 $ 228 $ 875 Effective interest rate 0.0 % 58.3 % 58.3 % 58.3 % The following provides a summary of the convertible notes and derivatives: As of (in thousands) December 31, 2021 Unamortized deferred issuance costs, derivative, and warrants $ 3,534 Net carrying amount of convertible note 4,066 Principal value of convertible note $ 7,600 Fair value of convertible note and derivative liability $ 9,936 Fair value of convertible note excluding derivative liability $ 7,446 Fair value Level Level 3 For further information on fair value measurements, refer to Note 12. Related Party Convertible Notes – Drive Capital Fund On August 23, 2021, Legacy Fast Radius entered into a Note Purchase Agreement with Drive Capital Fund II LP and Drive Capital Ignition Fund II LP (existing stockholders of Legacy Fast Radius) for convertible promissory notes (collectively the “Related Party Convertible Notes II”). Legacy Fast Radius received funding of $ 3.0 million on August 24, 2021 at closing. The Notes had a stated interest rate of 6 %, with all accrued interest and principal due at maturity, which was scheduled to be August 23, 2023 . These Related Party Convertible Notes II contained a share settlement redemption feature that qualified as a derivative liability and required bifurcation. The derivative had a fair value of $ 0.6 million as of December 31, 2021 and was recorded in Related party convertible notes and derivative liability on the consolidated balance sheet. For the nine months ended September 30, 2022, the Company recognized a mark to market loss associated with the derivative of $ 5 thousand. The following provides a summary of interest expense on the Company’s Related Party Convertible Notes II and Related Party Derivative Liability with Drive Capital: (in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Contractual interest expense $ - $ 18 $ 17 $ 18 Amortization of deferred financing costs and convertible debt discount - 24 24 24 Total Interest Expense $ - $ 42 $ 41 $ 42 Effective interest rate 0.0 % 17.1 % 17.1 % 17.1 % The following provides a summary of the convertible notes and derivatives: As of (in thousands) December 31, 2021 Unamortized deferred issuance costs, derivative, and warrants $ 474 Net carrying amount of convertible note 2,526 Principal value of convertible note $ 3,000 Fair value of convertible note and derivative liability $ 3,390 Fair value of convertible note excluding derivative liability $ 2,830 Fair value Level Level 3 Related Party Convertible Notes – Energy Capital Partners Holdings On October 26, 2021, Legacy Fast Radius entered into a Note Purchase Agreement with Energy Capital Partners Holdings, LP for convertible promissory notes (collectively the “Related Party Convertible Notes III”). Legacy Fast Radius received funding of $ 7.0 million on October 26, 2021 at closing. The Notes had a stated interest rate of 6 %, with all accrued interest and principal due at maturity, which was scheduled to be October 26, 2023 . These Related Party Convertible Notes III contained a share settlement redemption feature that qualified as a derivative liability and required bifurcation. The derivative had a value of $ 1.3 million as of December 31, 2021 and was recorded in Related party convertible notes and derivative liability on the consolidated balance sheet. For the nine months ended September 30, 2022, the Company recognized a mark to market loss associated with the derivative of $ 12 thousand. The following provides a summary of the interest expense of the Company’s Related Party Convertible Notes III and Related Party Derivative Liability with Energy Capital Partners Holdings: (in thousands) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Contractual interest expense $ - $ 40 Amortization of deferred financing costs and convertible debt discount - 52 Total Interest Expense $ - $ 92 Effective interest rate 0.0 % 16.3 % The following provides a summary of the convertible notes and derivatives: As of (in thousands) December 31, 2021 Unamortized deferred issuance costs, derivative, and warrants $ 1,130 Net carrying amount of convertible note 5,870 Principal value of convertible note $ 7,000 Fair value of convertible note and derivative liability $ 7,829 Fair value of convertible note excluding derivative liability $ 6,484 Fair value Level Level 3 Immediately prior to the completion of the Business Combination, the Related Party Convertible Notes I, II and III, along with unpaid and accrued interest, were converted into 990 thousand shares of common stock of Legacy Fast Radius ( 2.0 million shares of Common Stock post Business Combination).

Commitments & Contingencies

Commitments & Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments & Contingencies	Note 6. Commitments and Contingencies The Company accounts for loss contingencies in accordance with ASC 450-20, Loss Contingencies . Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Commitments In May 2021, Legacy Fast Radius entered into a master subscription agreement with Palantir Technologies Inc. (“Palantir”) in which Legacy Fast Radius would commit to utilize software and services from Palantir over the next six years for a total of $ 45.0 million. The software and services are related to the Company’s future plan to provide automated intelligence solutions as a service following commercialization of the Company’s Cloud Manufacturing Platform. Upon close of the Merger in February 2022, the Company made a payment to Palantir of $ 9.4 million and the remaining non-cancellable future minimum payments due on this firm purchase agreement are $ 10.1 million. Contingencies In October 2021, based on an internal review, Legacy Fast Radius became aware of certain additional duties likely owed to the United States Customs and Border Protection (“CBP”). Legacy Fast Radius initiated a voluntary disclosure to CBP in late 2021 of certain possible errors in the declaration of imported products relating to value, classification, and other matters. As part of the disclosure, the Company conducted a comprehensive review of its import practices and in March 2022 made a further submission to CBP providing details regarding the possible errors. The Company’s comprehensive review of import practices and communication with CBP is ongoing. As a result, related to additional duties primarily from 2021, Legacy Fast Radius recognized a $ 1.0 million charge within Cost of revenues in the consolidated statement of net loss and comprehensive loss for the year ended December 31, 2021. The information submitted by the Company will be reviewed by CBP and the Company may be liable to CBP for additional unpaid duties and interest. The resolution of this prior disclosure could be material to the Company’s cash flows in a future period and to its results of operations for any period.

Equity

Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Equity	Note 7. Equity The condensed consolidated statements of changes in stockholders’ equity (deficit) reflects the Business Combination as defined in Note 1 as of February 4, 2022. As Legacy Fast Radius was deemed the accounting acquirer in the Business Combination with ENNV, all periods prior to the consummation date reflect the balances and activity of Legacy Fast Radius. The balances as of January 1, 2022 and 2021 are from the consolidated financial statements of Legacy Fast Radius as of that date, share activity (convertible preferred stock, common stock, treasury stock, additional paid in capital and accumulated deficit) and per share amounts were retroactively adjusted, where applicable, using the recapitalization conversion ratio of 2.056 . Common Stock Upon closing of the Business Combination, pursuant to the terms of the Company's Second Amended and Restated Certificate of Incorporation, the Company authorized 350,000,000 shares of Common Stock with a par value $ 0.0001 . The holders of Common Stock are entitled to one vote per share on all matters submitted to the stockholders for their vote or approval and are entitled to receive dividends, as and if declared by the Board out of legally available funds. The Company had 75.9 million issued and outstanding shares of Common Stock as of September 30, 2022. Not reflected in the shares issued and outstanding as of September 30, 2022 is approximately 1.7 million shares related to RSUs that vested in 2022 but have not yet been settled and issued. Additionally, the Company will be required to issue the Merger Earn Out Shares in two equal tranches of 5,000,000 shares of Common Stock if the Company's Common Stock reaches values of $ 15.00 and $ 20.00 , respectively, as discussed in Note 3. Preferred Stock Upon closing of the Business Combination, pursuant to the terms of the Company's Second Amended and Restated Certificate of Incorporation, the Company authorized 1,000,000 shares of Preferred Stock with a par value $ 0.0001 . There was no Preferred Stock outstanding as of September 30, 2022. Legacy Fast Radius Warrants Immediately prior to the completion of the Business Combination, all outstanding Legacy Fast Radius Warrants were exercised into an aggregate of 1.1 million shares of Legacy Fast Radius common stock ( 2.2 million shares of Common Stock post Business Combination). Legacy Fast Radius Convertible Preferred Stock Immediately prior to the completion of the Business Combination, all outstanding shares of Legacy Fast Radius preferred stock converted into an aggregate of 16.0 million shares of Legacy Fast Radius common stock ( 32.9 million shares of Common Stock post Business Combination). Legacy Fast Radius Treasury Stock Immediately prior to the completion of the Business Combination, all treasury shares of Legacy Fast Radius were retired. Warrants Prior to the Business Combination, there were 15,516,667 warrants to purchase Common Stock outstanding, consisting of 8,625,000 Public Warrants and 6,891,667 Private Placement Warrants held by the ENNV initial stockholders. Following the Business Combination, there were 15,516,639 warrants to purchase Common Stock outstanding, consisting of 8,624,972 Public Warrants and 6,891,667 Private Placement Warrants held by the ENNV initial stockholders, with the reduction in Public Warrants resulting from rounding for fractional interests. Each warrant entitles the registered holder to purchase one share of Common Stock at a price of $ 11.50 per share. The warrants expire on February 4, 2027 , or earlier upon redemption or liquidation. Refer to Note 2 for additional information. Equity Purchase Agreement On May 11, 2022, the Company entered into a purchase agreement (the “Purchase Agreement”) with Lincoln Park Capital Fund, LLC, an Illinois limited liability company (“Lincoln Park”), pursuant to which Lincoln Park has committed to purchase up to $ 30.0 million worth of Common Stock. Concurrently with entering into the Purchase Agreement, the Company also entered into a registration rights agreement (the “Registration Rights Agreement”) with Lincoln Park, pursuant to which it agreed to register the offer and sale of shares of Common Stock available for issuance under the Purchase Agreement under the Securities Act of 1933, as amended (the “Securities Act”). Beginning on the Commencement Date (as defined below) and thereafter, the Company has the right, but not the obligation, to deliver to Lincoln Park a purchase notice (a “Regular Purchase Notice”), directing Lincoln Park to purchase up to 100,000 shares of Common Stock (the “Regular Purchase Amount”) provided that the closing sale price of Common Stock on the purchase date is not below a threshold price set forth in the Purchase Agreement (a “Regular Purchase”). The Regular Purchase Amount may be increased to various limits, up to 400,000 shares, if the closing sale price of Common Stock on the applicable purchase date equals or exceeds certain higher threshold prices set forth in the Purchase Agreement, provided that Lincoln Park’s maximum committed purchase obligation under any single Regular Purchase may not exceed $ 2.0 million. The above-referenced share amount limitations and closing sale price thresholds are subject to adjustment for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction as provided in the Purchase Agreement. The purchase price per share for each Regular Purchase will be the lower of: (i) the lowest sale price of Common Stock during the purchase date, or (ii) the average of the three lowest closing sale prices of Common Stock in the ten business days prior to the purchase date. There are no upper limits on the price per share that Lincoln Park must pay for shares of Common Stock under the Purchase Agreement. Lincoln Park may not assign or transfer its rights and obligations under the Purchase Agreement. If the Company directs Lincoln Park to purchase the maximum number of shares of Common Stock that the Company may sell in a Regular Purchase, then in addition to such Regular Purchase, and subject to certain conditions and limitations in the Purchase Agreement, the Company may direct Lincoln Park to purchase additional shares of Common Stock in accelerated purchases (each, an “Accelerated Purchase”) up to the lower of: (i) three times the number of shares of Common Stock purchased pursuant to the corresponding Regular Purchase or (ii) 30% of the trading volume on the date of each such accelerated purchase or such shorter period as provided under the Purchase Agreement. The purchase price for the additional shares is 97% of the lesser of: • the closing sale price for the Common Stock on the date of sale; or • the accelerated purchase date's volume weighted average price of the Common Stock on the date of sale. The aggregate number of shares of Common Stock that the Company can sell to Lincoln Park under the Purchase Agreement may in no case exceed 14,643,920 shares (subject to adjustment as described above) of Common Stock (which is equal to approximately 19.99 % of the shares of Common Stock outstanding immediately prior to the execution of the Purchase Agreement) (the “Exchange Cap”), unless (i) Company stockholder approval is obtained to issue Purchase Shares above the Exchange Cap, in which case the Exchange Cap will no longer apply, or (ii) the average price of all applicable sales of Common Stock to Lincoln Park under the Purchase Agreement equals or exceeds $ 0.62 per share of Common Stock (which represents the lower of (A) the Nasdaq official closing price of the Common Stock on the trading day immediately preceding the date of the Purchase Agreement or (B) the average Nasdaq official closing price of the Common Stock for the five consecutive trading days ending on the trading day immediately preceding the date of the Purchase Agreement, adjusted such that the transactions contemplated by the Purchase Agreement are exempt from the Exchange Cap limitation under applicable Nasdaq rules). In all cases, the Purchase Agreement also prohibits the Company from directing Lincoln Park to purchase any shares of Common Stock if those shares, when aggregated with all other shares of Common Stock then beneficially owned by Lincoln Park (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 13d-3 thereunder), would result in Lincoln Park beneficially owning more than 9.99 %. As consideration for Lincoln Park's commitment to purchase shares of Common Stock under the Purchase Agreement, the Company issued 728,385 shares of Common Stock to Lincoln Park as a commitment fee. The $ 452 thousand fair value of the commitment fee shares was recorded to General and administrative expense upon execution of the agreement in the second quarter of 2022. Upon the date of the first Regular Purchase, the Company will be required to issue 182,096 shares as an additional commitment fee. The Company has not sold any Common Stock to Lincoln Park under the Purchase Agreement as of September 30, 2022. The Purchase Agreement contains customary representations, warranties, covenants, closing conditions and indemnification provisions. Sales under the Purchase Agreement may commence only after certain conditions have been satisfied (the date on which all requisite conditions have been satisfied, the “Commencement Date”), which conditions include the effectiveness of a registration statement covering the resale of the shares of Common Stock issued or sold by the Company to Lincoln Park under the Purchase Agreement, the filing with The Nasdaq Stock Market of a Listing of Additional Shares notification with respect to the shares of Common Stock issued or sold by the Company to Lincoln Park under the Purchase Agreement and Nasdaq having raised no objection to the consummation of transactions contemplated under the Purchase Agreement, and the receipt by Lincoln Park of a customary opinion of counsel and other certificates and closing documents. The Purchase Agreement may be terminated by the Company at any time for any reason or for no reason, without any cost or penalty, by giving one business day notice to Lincoln Park. Lincoln Park has covenanted not to cause or engage in any manner whatsoever, any direct or indirect short selling or hedging of the Common Stock. Although the Company has agreed to reimburse Lincoln Park for a limited portion of the fees it incurred in connection with the Purchase Agreement, the Company has not and will not pay any additional amounts to reimburse or otherwise compensate Lincoln Park in connection with the transaction, other than the issuance of the shares of Common Stock being issued as a commitment fee. There are no limitations on use of proceeds, financial or business covenants, restrictions on future financings (other than restrictions on the Company’s ability to enter into variable rate transactions described in the Purchase Agreement), rights of first refusal, participation rights, penalties or liquidated damages in the Purchase Agreement. The Company may deliver Purchase Notices under the Purchase Agreement, subject to market conditions, and in light of its capital needs from time to time and under the limitations contained in the Purchase Agreement. Any proceeds that the Company receives under the Purchase Agreement are expected to be used to advance its growth strategy and for general corporate purposes.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenues	Note 8. Revenues The Company charges certain customers shipping and handling fees. These fees are recorded within revenue when incurred after transfer of control of the products to customers. Revenues related to shipping and handling fees were $ 672 thousand and $ 1.5 million for the three and nine months ended September 30, 2022 and $ 127 thousand and $ 347 thousand for the three and nine months ended September 30, 2021, respectively. When shipping and handling services are performed before transfer of control to customers, they are accounted for as a fulfillment cost and are included in cost of revenues when incurred. The Company will contract with third parties to produce certain components of a customer order. Costs paid in advance of production are recorded in current assets as prepaid production costs until control of the product is transferred to the customer. Under such outsourced manufacturing arrangements, the Company is the primary obligor to its customer. Contract assets are recorded when the Company has a right to consideration in exchange for goods or services that it has transferred to a customer but for which payment is conditional on more than just the passage of time. Contract liabilities consist of fees paid by the Company’s customers for which the associated performance obligations have not been satisfied and revenue has not been recognized based on the Company’s revenue recognition criteria. The Company did no t have any contract assets or liabilities as of September 30, 2022 or December 31, 2021, respectively. During the three and nine months ended September 30, 2021, the amount of revenue recognized that was included in deferred revenue as of December 31, 2020 was not significant. Disaggregation of Revenues The Company’s primary sources of revenue are from one revenue stream, product sales of manufactured parts. The Company is also presenting a disaggregation of revenue by geographical region (based on the external customer’s location) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Revenues Americas $ 6,183 $ 4,663 $ 19,008 $ 12,833 Europe 694 152 1,247 290 Asia Pacific 195 101 354 456 Total $ 7,072 $ 4,916 $ 20,609 $ 13,579

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 9. Stock-Based Compensation Equity Incentive Plan On February 2, 2022, the Company’ stockholders approved the Fast Radius, Inc. 2022 Equity Incentive Plan (the “Equity Incentive Plan”), which became effective immediately upon the Closing, replacing the Legacy Fast Radius 2017 Equity Incentive Plan, as amended (the "2017 Equity Incentive Plan"). Each outstanding vested or unvested stock award under the 2017 Plan was converted to the 2022 Plan, multiplied by the applicable exchange ratio as described in Note 3, with the same key terms and vesting requirements. All stock option activity prior to the closing of the Business Combination on February 4, 2022 has been retroactively restated to reflect the Exchange Ratio. Pursuant to the Equity Incentive Plan, the Board may grant stock awards, including stock options, stock appreciation rights, restricted stock awards, restricted stock units and other stock-based awards, to officers, key employees, and directors. The Equity Incentive Plan allows for non-employee director grants, which are accounted for in the same manner as employee awards. There are 11.0 million registered shares of Common Stock reserved for issuance under the Equity Incentive Plan. During the three and nine months ended September 30, 2022, 1.4 million and 11.7 million RSUs were considered granted under the Equity Incentive Plan for accounting purposes. Standard employee RSUs issued by Legacy Fast Radius prior to the Business Combination contained both service and performance conditions wherein vesting is generally subject to a requisite four year service period, whereby the award vests 25 % on the one-year anniversary of the vesting commencement date then ratably over 36 monthly installments, subject to continuous service by the individual and achievement of the performance target, as stipulated in the notice of grant (“Liquidity Event” as defined in the underlying agreements). Founder RSUs include a portion that vested upon the closing of the Business Combination, and a portion that will vest on the first day following the lapse of the Lock-Up Period, the first 180 days from the consummation of the Business Combination, on which the Company Valuation equals or exceeds $ 1.5 billion . Due to the nature of the performance condition, recognition of compensation cost was deferred until the occurrence of the Liquidity Event. The fair values associated with the RSUs granted after the Closing Date are based on the closing price of the Company's Common Stock on the date of grant. The fair values associated with the RSUs granted in 2022 prior to the Closing Date under the 2017 Equity Incentive Plan were estimated on the date of grant by multiplying the SPAC share market value by the Exchange Ratio and adding the value of the $ 15 and $ 20 earn out shares which is evaluated using a Monte-Carlo analysis. The remaining private scenario is evaluated using the Black-Scholes option-pricing model. The key assumptions used in this valuation are as follows. SPAC probability 95 % Remain private probability 5 % SPAC Market Value $ 736 million Conversion Ratio 2.056 Expected annual dividend yield 0.00 % Expected volatility 84 % Risk-free rate of return 0.71 % Expected option term (years) 1.4 years Vesting of the RSUs issued under the 2017 Equity Incentive Plan was dependent on a liquidity event, of which the Business Combination qualified under the 2017 Equity Incentive Plan as a liquidity event, which occurred on February 4, 2022. Accordingly, the Company recognized stock-based compensation expense of $ 18.7 million as of that date to recognize the vested portion of the awards. CEO Award Pursuant to the terms of his amended and restated employment agreement, Mr. Rassey, the Company's Chief Executive Officer , was granted a RSU award of 6 million shares under the Equity Incentive Plan for accounting purposes concurrent with the closing of the Business Combination. T he award is eligible to vest in installments contingent upon Mr. Rassey’s continued employment as Chief Executive Officer through the date of attainment of ten common stock share price performance goals ("Price Hurdles"), 10 % of the total number of shares subject to the award are eligible to vest upon attainment of each separate identified Price Hurdle. Once any portion of the award vests based on achievement of a specific Price Hurdle, no additional portion of the award may vest based on any subsequent attainment of the same Price Hurdle on any later date during the term of the award. The fair value is determined by using the Monte Carlo Simulation valuation model and the assumptions below. The valuation model incorporated the following key assumptions on the date of grant: Stock price $ 7.63 Expected volatility 30.1 % Expected term (years) 10.0 Risk-free rate 1.92 % Discount for lack of marketability 6.9 % The aggregate grant date fair value of the award is $ 11.6 million. The derived service period under the Monte Carlo Simulation model for the equity-classified award was determined based on the median vesting time for the simulations that achieved the vesting hurdle. Stock-based compensation expense associated with each tranche under the award is recognized over the longer of the (i) derived service period of the tranche and (ii) expected service period, using the accelerated expense recognition method. It is estimated that the stock-based compensation expense for the award will be recognized over 8 years . Stock-based compensation expense was $ 2.6 million and $ 25.5 million for the three and nine months ended September 30, 2022 and was $ 0.2 million and $ 0.7 million for the three and nine months ended September 30, 2021, respectively. No income tax benefit was recognized in the condensed consolidated statements of net loss and comprehensive loss and an immaterial amount of compensation was capitalized. Stock-based compensation expense was recorded in the following financial statement lines within the condensed consolidated statements of net loss and comprehensive loss: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Cost of Revenues $ 34 $ 3 $ 176 $ 10 General and Administrative $ 1,771 $ 185 $ 21,150 $ 555 Selling & Marketing $ 232 $ 26 $ 1,611 $ 63 Research & Development $ 522 $ 25 $ 2,552 $ 72 As of September 30, 2022, the Company had approximately 12 million granted but unvested RSUs with unrecognized stock-based compensation expense of $ 25.5 million remaining to be recognized over a weighted-average period of 1.9 years. Employee Stock Purchase Plan On February 2, 2022, the Company's stockholders approved the 2022 Employee Stock Purchase Plan, (the “ESPP”). The ESPP provides eligible employees with a means of acquiring equity in the Company at a discounted price using their own accumulated payroll deductions. Under the terms of the ESPP, employees can elect to have amounts of their annual compensation withheld, up to a maximum set by the Board, to purchase shares of Common Stock for a purchase price equal to 85 % of the lower of the fair market value per share (at closing) of Common Stock on (i) the first trading day of the offering period or (ii) the last trading day of the offering period. There are 2,150,000 shares of Common Stock reserved for issuance under the ESPP. During the three and nine months ended September 30, 2022, there were no shares purchased under the ESPP.

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring	Note 10. Restructuring In June 2022, the Board of Directors of the Company approved a cost optimization initiative that includes a workforce reduction of approximately 20 % (including the elimination of open roles). In November 2022, the Board of Directors of the Company approved an additional workforce reduction. The purpose of the workforce reductions was to streamline the Company’s operational structure, reducing its operating expenses and managing its cash flows. The Company commenced these workforce reductions in the second quarter of 2022 and completed these actions in the fourth quarter of 2022. The Company is also conducting a facility rationalization assessment and assessing other operational savings measures. Through September 30, 2022, the Company has incurred costs of $ 1.0 million related to these actions, of which approximately $ 343 thousand were related to non-cash asset impairments. The Company continues to pursue cost savings initiatives and, to the extent further cost savings opportunities are identified, it may incur additional restructuring and related charges in future periods. Restructuring expenses, which are comprised primarily of employee termination costs and non-cash asset impairments, were recorded in the following financial statement lines within the condensed consolidated statements of net loss and comprehensive loss: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Cost of Revenues $ 233 $ - $ 393 $ - General and Administrative $ 109 $ - $ 385 $ - Selling & Marketing $ 108 $ - $ 251 $ - Research & Development $ - $ - $ 19 $ - The following table summarizes activity in the liability related to the Company’s workforce reduction employee termination costs (in thousands): Liability balance at December 31, 2021 $ - Charges 705 Payments ( 445 ) Liability balance at September 30, 2022 $ 260 All of the Company's restructuring liabilities as of September 30, 2022 relate to employee termination costs and all cash payments for those liabilities were disbursed in November 2022.

Taxes

Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Taxes	Note 11. Taxes The Company’s provision for interim periods is determined using an estimate of the annual effective tax rate, adjusted for discrete items arising in that period. The Company’s effective tax rate differs from the U.S. statutory tax rate primarily due to valuation allowances on its deferred tax assets as it is more likely than not that some, or all, of the Company’s deferred tax assets will not be realized. There was no income tax benefit for the three and nine months ended September 30, 2022 and 2021, respectively. Deferred tax assets and liabilities are determined based upon the differences between the unaudited condensed consolidated financial statements carrying amounts and the tax basis of existing assets and liabilities and for loss and credit carryforwards, using enacted tax rates expected to be in effect in the years in which the differences are expected to reverse. The Company has provided a full valuation allowance against the net deferred tax assets as the Company has determined that it was more likely than not that the Company would not realize the benefits of federal and state net deferred tax assets.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	Note 12. Net Loss Per Share The Company computes basic loss per share using net loss attributable to stockholders and the weighted-average number of Common Stock shares outstanding during each period. Diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive. The Company’s potentially dilutive securities, which include stock options, unvested restricted stock awards/units, earnout awards, convertible notes, redeemable convertible preferred stock and warrants to purchase shares of stock, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to the Company’s stockholders’ is the same. The reconciliation of the numerator and denominator for the basic and diluted earnings calculations for the three and nine months ended September 30, 2022 and 2021 is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2022 2021 2022 2021 Income (loss) available to common stockholders per share: Net loss $ ( 22,178 ) $ ( 17,093 ) $ ( 88,965 ) $ ( 44,984 ) Weighted average common shares outstanding: Basic and Diluted 76,670,955 41,686,939 71,368,336 41,341,537 Net loss per share - Basic and Diluted $ ( 0.29 ) $ ( 0.41 ) $ ( 1.25 ) $ ( 1.09 ) The computation of diluted net loss per share excluded approximately 44 million and 11 million securities in 2022 and 2021, respectively, because their inclusion would have had an anti-dilutive effect on net loss per share

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 13. Fair Value Measurements The Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 by level within the fair value hierarchy are as follows: September 30, 2022 (in thousands) Quoted prices in Significant Significant (Level 1) (Level 2) (Level 3) Cash sweep accounts $ 21,391 $ - $ - Public warrants $ 269 $ - $ - Private placement warrants $ - $ 215 $ - December 31, 2021 (in thousands) Quoted prices in Significant Significant (Level 1) (Level 2) (Level 3) Cash sweep and money market accounts $ 8,702 $ - $ - Related party derivative liability $ - $ - $ 4,395 Legacy Fast Radius warrant liability $ - $ - $ 2,968 There were no transfers between Level 1, 2 or 3 during the three and nine months ended September 30, 2022. Fair Value of warrants issued to purchase Legacy Fast Radius Common Stock The following table includes a summary of the changes in fair value of the liability classified warrants issued to purchase Legacy Fast Radius common stock measured at fair value using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ - $ 1,450 $ 2,014 $ 87 Additions — — — 988 Change in fair value — 347 ( 1,475 ) 722 Converted to common stock — ( 539 ) — Ending balance $ - $ 1,797 $ - $ 1,797 A summary of the weighted average significant unobservable inputs (Level 3 inputs) used in measuring the Company’s warrant liability for common share warrants categorized within Level 3 of the fair value hierarchy as of February 4, 2022 (the conversion date) and December 31, 2021 is as follows: February 4, 2022 December 31, 2021 Legacy Fast Radius stock price $ 15.69 $ 28.28 Term (Years) N/A 10.71 Volatility N/A 84.40 % Risk-free rate of return N/A 1.52 % Dividend yield 0.00 % 0.00 % Fair Value of warrants issued to purchase Legacy Fast Radius series A-3 preferred stock The following table includes a summary of changes in fair value of the liability classified warrants issued to purchase Legacy Fast Radius series A-3 preferred stock measured at fair value using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ - $ 789 $ 954 $ 112 Additions — — — — Change in fair value — 127 ( 473 ) 804 Converted to common stock — ( 481 ) — Ending balance $ - $ 916 $ - $ 916 A summary of the weighted average significant unobservable inputs (Level 3 inputs) used in measuring the Company’s warrant liability for preferred share warrants is categorized within Level 3 of the fair value hierarchy as of February 4, 2022 (the conversion date) and December 31, 2021 is as follows: February 4, 2022 December 31, 2021 Legacy Fast Radius stock price 15.69 $ 30.19 Term (Years) N/A 11.26 Volatility N/A 83.10 % Risk-free rate of return N/A 1.54 % Dividend yield 0.00 % 0.00 % Related Party Derivative Liability The following table includes a summary of changes in fair value of the Company’s Related party derivative liabilities related to the convertible notes measured at fair value using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ - $ 2,409 $ 4,395 $ - Additions — 549 — 2,964 Change in fair value — 195 ( 30 ) 189 Converted to common stock — — ( 4,365 ) — Ending balance $ - $ 3,153 $ - $ 3,153 A summary of the weighted average significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability categorized within Level 3 of the fair value hierarchy as of February 4, 2022 (the conversion date) and December 31, 2021 is as follows: Energize February 4, 2022 December 31, 2021 Cost of debt 11.0 % 11.0 % Term (Years) 0.0 0.08 - 0.25 Present value factor 1 0.98 - 0.99 Drive Capital February 4, 2022 December 31, 2021 Cost of debt 11.0 % 11.0 % Term (Years) 0.0 0.08 - 0.25 Present value factor 1 0.98 - 0.99 ECP Holdings February 4, 2022 December 31, 2021 Cost of debt 11.0 % 11.0 % Term (Years) 0.0 0.08 - 0.25 Present value factor 1 0.98 - 0.99 Other The carrying amounts reported in the condensed consolidated balance sheets for accounts receivable, accounts payable, and accrued liabilities approximate fair value due to their short-term maturities. With the exception of the Company’s Related Party Convertible Notes, the fair value of the Company’s debt approximates their carrying values based on the variable nature of interest rates and current market rates available. The Company considered its debt at December 31, 2021 to be a Level 3 measurement in the fair value hierarchy as significant judgment was involved to determine the fair value of embedded conversion features. Refer to Note 5 for further information regarding the fair value of the Company's Related Party Convertible Notes.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 14. Related Party Transactions United Parcel Service Since Legacy Fast Radius' inception, UPS has contributed significant amounts of capital in the form of equity and debt to Legacy Fast Radius. UPS currently has investments in Common Stock. The Company has multiple agreements with UPS, which are summarized below. Legacy Fast Radius entered into a Discount Agreement in 2016 with UPS, which was amended in March 2017 and March 2019 (as amended, the "Discount Agreement"). Under the agreement, UPS performs advertising and brand marketing services for the Company. In exchange for the services, the Company has agreed to compensate UPS in the form of equity royalties which are determined based on 6 % of the Company’s gross revenues. The Company determined this arrangement qualifies as a nonmonetary transaction within ASC 718. As of September 30, 2022 and December 31, 2021, the Company recognized $ 3.7 million and $ 2.5 million as a related party accrued liability on the condensed consolidated balance sheets. The Company recognized $ 400 thousand and $ 1.2 million, respectively, during the three and nine months ended September 30, 2022 and $ 191 thousand and $ 710 thousand, respectively, during the three and nine months ended September 30, 2021 in sales and marketing expense on its condensed consolidated statements of net loss and comprehensive loss. Legacy Fast Radius entered into a warehouse rental agreement with UPS in January 2015. The Company leases space in a warehouse in Louisville, KY that is used for printing equipment, supplies, packages and shipping space. The Company paid $ 17 thousand and $ 52 thousand, respectively, in lease payments to UPS for the three and nine months ended September 30, 2022 and $ 17 thousand and $ 50 thousand, respectively, for the three and nine months ended September 30, 2021, respectively. Legacy Fast Radius entered into a shipping service agreement with UPS in 2016 (as amended in both 2017 and 2019) for which the Company receives pickup and delivery services. The Company paid $ 146 thousand and $ 843 thousand, respectively, for the three and nine months ended September 30, 2022 and $ 429 thousand and $ 842 thousand, respectively, for the three and nine months ended September 30, 2021 in fees to UPS for shipping services. Legacy Fast Radius entered into a sub-lease agreement with UPS in August 2018. The Company sub-leases office space from UPS in Singapore. The Company paid $ 2 thousand and $ 6 thousand, respectively, in the three and nine months ended September 30, 2022 and $ 2 thousand and $ 6 thousand, respectively, in the three and nine months ended September 30, 2021 in lease payments to UPS. Energize Venture Fund & Ironspring Venture Fund Energize Venture Fund LP (“Energize”) and Ironspring Venture Fund I, LP (“Ironspring”) have investments in the Company's Common Stock. On March 12, 2021, Legacy Fast Radius signed a convertible note agreement with Energize and Ironspring, which was funded on April 13, 2021. The Company received $ 7.6 million in proceeds related to these notes. The notes had a stated interest rate of 6 % and an effective interest rate of 58 %, with all principal and interest due at maturity. Interest expense recorded on the notes during the nine months ended September 30, 2022 was $ 228 thousand. The notes, including accrued and unpaid interest, were converted into Common Stock upon close of the Business Combination. Legacy Fast Radius also issued warrants to purchase 140,000 shares of Legacy Fast Radius common stock to holders of Energize that were converted into Common Stock upon the close of the Business Combination. Drive Capital Drive Capital has an investment in the Company's Common Stock. On August 24, 2021, Legacy Fast Radius signed a convertible note agreement with Drive Capital, which was funded on August 24, 2021. Legacy Fast Radius received $ 3.0 million in proceeds related to these notes. The notes had a stated interest rate of 6 % and an effective interest rate of 17 %, with all principal and interest due at maturity. Interest expense recorded on the notes during the nine months ended September 30, 2022 was $ 41 thousand. The notes, including accrued and unpaid interest, were converted into Common Stock upon close of the Business Combination. ECP Holdings On October 26, 2021, Legacy Fast Radius signed a convertible note agreement with Energy Capital Partners Holdings LP (“ECP Holdings”), an affiliate of ENNV, which was funded on October 26, 2021. Legacy Fast Radius received $ 7.0 million in proceeds related to these notes. The notes have a stated interest rate of 6 % and an effective interest rate of 16 %, with all principal and interest due at maturity. Interest expense recorded on the notes during the nine months ended September 30, 2022 was $ 92 thousand. The notes, including accrued and unpaid interest, were converted into Common Stock upon close of the Business Combination. Palantir Concurrently with the execution of the Merger Agreement in 2021, ENNV entered into subscription agreements with the PIPE Investors, including Palantir, pursuant to which the PIPE Investors agreed to subscribe for and purchase, and ENNV agreed to issue and sell, to the PIPE Investors the PIPE Shares for a purchase price of $ 10.00 per share, or an aggregate purchase price of $ 75.0 million, in the PIPE Investment. The PIPE Investment closed concurrently with the Business Combination on February 4, 2022. In May 2021, Legacy Fast Radius entered into a master subscription agreement with Palantir in which Legacy Fast Radius committed to utilize software and services from Palantir over the next six years for a total of $ 45.0 million. The software and services are related to the Company’s future plan to provide automated intelligence solutions as a service following commercialization of the Company’s Cloud Manufacturing Platform. Upon close of the Merger in February 2022, the Company made a payment to Palantir of $ 9.4 million and the remaining non-cancellable future minimum payments due on this firm purchase agreement are $ 10.1 million.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Events On October 25, 2022, Legacy Fast Radius and UPS entered into a Termination Agreement (the “UPS Termination Agreement”) pursuant to which the parties mutually agreed to terminate the Discount Agreement, with such termination effective as of October 25, 2022. Under the Discount Agreement, Legacy Fast Radius had agreed to compensate UPS in the form of equity royalties or a quarterly cash payment equal to six percent ( 6 %) of Legacy Fast Radius' gross revenues up to an aggregate cumulative maximum of approximately $ 7.6 million in exchange for UPS agreeing to exclusively promote Legacy Fast Radius in its sales and marketing efforts as UPS’s exclusive on-demand manufacturing partner. UPS also owns in excess of 10 % of the Company’s outstanding Common Stock. As of September 30, 2022, the Company recognized $ 3.7 million as a related party accrued liability on its condensed consolidated balance sheet in respect of the Discount Agreement. Pursuant to the UPS Termination Agreement and in settlement of all past and future liabilities that would have been owed under the Discount Agreement, Legacy Fast Radius will transfer and convey to UPS an amount equal to $ 1.5 million within three days after the consummation of any sale of (i) all or a majority of the equity of Legacy Fast Radius or (ii) all or a majority of Legacy Fast Radius' assets. The Termination Agreement also included a mutual release, pursuant to which Legacy Fast Radius and UPS each released the other from any claims and liabilities under the Discount Agreement. On October 31, 2022, the Company entered into (i) a Third Amendment to Loan and Security Agreement (the “SVB Amendment”) with Silicon Valley Bank (“SVB”), which, among other things, amended that certain Loan and Security Agreement, dated as of December 29, 2020 (as amended, the “SVB Credit Agreement”), by and between Legacy Fast Radius and SVB and (ii) a Third Amendment to Loan and Security Agreement (the “SVB Capital Amendment” and, together with the SVB Amendment, the “Amendments”) with SVB Innovation Credit Fund VIII, L.P. (“SVB Capital” and, together with SVB, the “Lenders”), which, among other things, amended that certain Loan and Security Agreement, dated as of September 10, 2021 (as amended, the “SVB Capital Credit Agreement” and, together with the SVB Credit Agreement, the “Credit Agreements”), by and between Legacy Fast Radius and SVB Capital. The Amendments amended the Credit Agreements to, among other things, defer the payment of principal otherwise due under the Credit Agreements on November 1, 2022, in the aggregate amount of $ 2.6 million. On November 7, 2022, the Debtors filed the Bankruptcy Petitions under Chapter 11 of the Bankruptcy Code. The filing was made in the United States Bankruptcy Court for the District of Delaware. The Chapter 11 Cases are being jointly administered under the caption In re Fast Radius, Inc., et al., Case No. 22-11051. The Debtors will continue their operations in the ordinary course of business as debtors-in-possession and pursue a structured sale of their assets pursuant to a competitive bidding and auction process. On November 9, 2022, the Bankruptcy Court entered orders approving a variety of “first day” relief for the Debtors, including authority to: (a) continue using their existing cash management system, (b) pay prepetition wages, compensation and employee benefits, (c) use cash collateral, (d) maintain existing insurance policies and pay related obligations, (e) pay certain prepetition taxes, (f) provide adequate assurance of payment to their utility providers, and (g) pay certain prepetition claims of certain vendors. Subject to certain exceptions, under the Bankruptcy Code, the filing of the Bankruptcy Petitions automatically enjoined, or stayed, the continuation of most judicial or administrative proceedings or filing of other actions against the Debtors or their property to recover, collect or secure a claim arising prior to the date of the Bankruptcy Petitions. Accordingly, although the filing of the Bankruptcy Petitions triggered defaults on the Debtors’ debt obligations, creditors are stayed from taking any actions against the Debtors as a result of such defaults, subject to certain limited exceptions permitted by the Bankruptcy Code. Absent an order of the Bankruptcy Court, substantially all of the Debtors’ pre-petition liabilities are subject to settlement under the Bankruptcy Code. The filing of the Bankruptcy Petitions constituted an event of default that accelerated certain of the Company’s debt obligations. However, under the Bankruptcy Code, the creditors under these debt agreements are stayed from taking any action against the Company as a result of the default. In advance of the filing of the Chapter 11 Cases, counterparties agreed to waive approximately $ 11 million of deferred fees associated with the Business Combination that were recognized as liabilities on the condensed consolidated balance sheet as of September 30, 2022. Additionally in November 2022, the Company purchased a customary directors and officers insurance "tail" policy for approximately $ 5.2 million in advance of the filing of the Chapter 11 Cases. As disclosed in Note 10, the Company approved a cost optimization initiative that included a workforce reduction. Related to these actions, the Company made one-time payments of approximately $ 2 million in November 2022 to remaining employees in order to retain and motivate these employees.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Use of Estimates in Condensed Consolidated Financial Statements	Use of Estimates in Condensed Consolidated Financial Statements The preparation of the consolidated interim financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, related disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses for the periods presented. The Company’s most significant estimates and judgements involve valuation of the Company’s debt and equity securities (prior to the Business Combination), including assumptions made in the fair value of warrants, derivatives, and stock-based compensation; the useful lives of fixed assets; and allowances for doubtful accounts. Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances. Actual results may differ from management’s estimates if these results differ from historical experience or other assumptions prove not to be substantially accurate, even if such assumptions are reasonable when made. Other than the below, there have been no material changes to the Company's significant accounting policies from its audited consolidated financial statements included as Exhibit 99.1 to the Company’s Form 8-K/A filed with the SEC on March 30, 2022.
Redeemable Convertible Preferred Stock	Redeemable Convertible Preferred Stock Prior to the Business Combination, Legacy Fast Radius' Series Seed, Seed-1, A-1, A-2, A-3, and B Convertible Preferred Stock (collectively the “Preferred Stock”) were classified in temporary equity as they contained terms that could force Legacy Fast Radius to redeem the shares for cash or other assets upon the occurrence of an event not solely within Legacy Fast Radius' control. Legacy Fast Radius adjusted the carrying values of the Preferred Stock each reporting period to the redemption value inclusive of any declared and unpaid dividends. All Preferred Stock previously classified as temporary equity was retroactively adjusted and reclassified to permanent equity as a result of the Business Combination. As a result of the Business Combination, each share of Preferred Stock that was then issued and outstanding was automatically converted into Legacy Fast Radius common stock, such that each converted share of Preferred Stock was no longer outstanding and ceased to exist. Each share of Legacy Fast Radius common stock, including the Legacy Fast Radius common stock issued upon conversion of Legacy Fast Radius Preferred Stock, was converted into and exchanged for 2.056 (the “Exchange Ratio”) shares of the Company’s common stock. The Exchange Ratio was established pursuant to the terms of the Merger Agreement.
Warrants	Warrants At September 30, 2022, there were 15,516,639 warrants to purchase shares of common stock of the Company ("Common Stock"), consisting of 8,624,972 public warrants (the “Public Warrants”) and 6,891,667 private warrants held by the ENNV initial stockholders (the “Private Placement Warrants” and collectively with the Public Warrants, the “Warrants”). Each Warrant entitles the registered holder to purchase one share of Common Stock at a price of $ 11.50 per share. The Warrants expire on February 4, 2027 , or earlier upon redemption or liquidation. The Private Placement Warrants are identical to the Public Warrants underlying the units sold in the Company's initial public offering, except that the Private Placement Warrants and the shares of Common Stock issuable upon exercise of the Private Placement Warrants were not transferable, assignable, or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants are non-redeemable and can be exercised on a cashless basis so long as they are held by the initial purchasers or such purchasers’ permitted transferees. If the Private Placement Warrants are held by someone other than the initial stockholders of ENNV or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. The Company may redeem the Public Warrants when the price per share of Common Stock equals or exceeds $ 18.00 : • In whole and not in part; • At a price of $ 0.01 per Warrant; • Upon not less than 30 days ’ prior written notice of redemption; • If, and only if, the reported last sale price of the shares of Common Stock equals or exceeds $ 18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period commencing at any time after the warrants become exercisable and ending on the third business day prior to the notice of redemption to warrant holders; and • if, and only if, there is a current registration statement in effect with respect to the shares of Common Stock underlying the warrants. The Company may redeem the Public Warrants when the price per share of Common Stock equals or exceeds $ 10.00 : • In whole and not in part; • Upon not less than 30 days ’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares of Common Stock to be determined by reference to an agreed table based on the redemption date and the “fair market value” of shares of Common Stock; • If, and only if, the reported last sale price of the shares of Common Stock equals or exceeds $ 10.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) on the trading day prior to the date on which of redemption is sent to the warrant holders; and • if, and only if, the Private Placement Warrants are also concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above. The Company accounts for the Public Warrants and Private Placement Warrants in accordance with the guidance contained in ASC 815-40. Such guidance provides that because the Warrants do not meet the criteria for equity treatment thereunder, each Warrant must be recorded as a liability.
Significant Customers and Concentration of Credit Risks	Significant Customers and Concentration of Credit Risks The Company is subject to credit risk primarily through its accounts receivable. Credit is generally extended to customers based on a credit review. The credit review considers each customer’s financial condition, including the customer’s established credit rating or the Company’s assessment of the customer’s creditworthiness based on their financial statements absent a credit rating, local industry practices, and business strategy. A credit limit and terms are established for each customer based on the outcome of this review. The Company performs on-going credit evaluations of its customers and maintains allowances for potential credit losses which, when realized, have been within the range of management’s expectations. The Company generally does not require collateral. The Company regularly evaluates the credit risk of its customers. Significant customers are those that represent more than 10 % of the Company’s total revenue or accounts receivable. For the three and nine months ended September 30, 2022 and 2021, no single customer accounted for more than 10 % of the Company's revenue. As of September 30, 2022 and December 31, 2021, no single customer accounted for more than 10 % of the Company's accounts receivable.

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Schedule of Reconciliation of Elements of Business Combination to Unaudited Condensed Consolidated Statements of Stockholders' Equity (Deficit) and Cash Flows	The following table reconciles the elements of the Business Combination to the unaudited condensed consolidated statements of stockholders’ equity (deficit) and cash flows for the nine months ended September 30, 2022: (in thousands) Cash - ENNV trust and cash, net of redemptions $ 30,844 Cash - PIPE financing 75,000 Non-cash Convertible Note conversion 17,655 Non-cash Legacy Fast Radius warrant conversion 1,020 Liabilities paid on behalf of or assumed from ENNV ( 10,361 ) Fair value of assumed common stock warrants ( 5,847 ) Transaction costs recorded in equity ( 11,606 ) Net impact on total stockholders’ equity 96,705 Transaction costs not yet paid or paid in the prior year 6,450 Non-cash Convertible Note conversion ( 17,655 ) Non-cash Legacy Fast Radius warrant conversion ( 1,020 ) Liabilities paid on behalf of ENNV and classified as operating cash flows or assumed from ENNV and not yet paid 5,808 Non-cash fair value of assumed common stock warrants 5,847 Net impact on net cash provided by financing activities $ 96,135

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	9 Months Ended
	Sep. 30, 2022
Supplemental Financial Information [Abstract]
Summary of Activity in Allowance for Doubtful Accounts	The following table summarizes activity in the allowance for doubtful accounts for the three and nine months ended September 30, 2022 and 2021 : (in thousands) Three months ended September 30, Nine Months ended September 30, 2022 2021 2022 2021 Balance at beginning of period $ ( 1,499 ) $ ( 696 ) $ ( 930 ) $ ( 405 ) Uncollectible accounts (charged) credited to expense ( 138 ) 46 ( 707 ) ( 242 ) Uncollectible accounts written off (recovered) — 39 — 36 Balance at end of period $ ( 1,637 ) $ ( 611 ) $ ( 1,637 ) $ ( 611 )
Summary of Inventories	(in thousands) September 30, 2022 December 31, 2021 Raw materials $ 388 $ 433 Work-in-process 55 16 Finished Goods — — Total Inventories $ 443 $ 449
Summary of Property and Equipment, Net	(in thousands) September 30, 2022 December 31, 2021 Advanced manufacturing machinery & quality equipment $ 4,644 $ 5,705 Software 6,227 2,912 Computer & office hardware 1,226 1,149 Furniture and fixtures 252 39 Leasehold improvements 3,377 3,048 Construction in-progress 493 - Total property, plant and equipment 16,219 12,853 Accumulated depreciation and amortization ( 5,100 ) ( 3,325 ) Property, plant and equipment (net) $ 11,119 $ 9,528

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Instrument [Line Items]
Summary of Short and Long-term Debt	The following is a summary of short- and long-term debt: (in thousands) September 30, 2022 December 31, 2021 2020 MFS Loan $ 260 $ 314 Manufacturers Capital Promissory Notes 249 968 Related Party - Energize Convertible Debt - 7,600 2020 SVB Loan 7,725 10,225 2021 SVB Loan 18,518 20,800 Related Party - Drive Capital Convertible Debt - 3,000 Related Party - ECP Holdings Convertible Debt - 7,000 Total Outstanding Principal 26,752 49,907 Less: Discounts and deferred financing fees - ( 7,403 ) Total Outstanding Debt 26,752 42,504 Fair Value of Derivatives - 4,395 Total Debt and Derivative Liabilities $ 26,752 $ 46,899
Related Party - Energize Convertible Debt
Debt Instrument [Line Items]
Summary of Convertible Notes and Derivatives	The following provides a summary of the convertible notes and derivatives: As of (in thousands) December 31, 2021 Unamortized deferred issuance costs, derivative, and warrants $ 3,534 Net carrying amount of convertible note 4,066 Principal value of convertible note $ 7,600 Fair value of convertible note and derivative liability $ 9,936 Fair value of convertible note excluding derivative liability $ 7,446 Fair value Level Level 3
Related Party - Energize Convertible Debt | Energize Ventures Fund [Member] | Related Party Convertible Notes One [Member]
Debt Instrument [Line Items]
Summary of Interest Expense	The following provides a summary of the interest expense of the Company’s Related Party Convertible Notes I and Related Party Derivative Liability with Energize Ventures: (in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Contractual interest expense $ - $ 115 $ 44 $ 212 Amortization of deferred financing costs and convertible debt discount - 380 184 663 Total Interest Expense $ - $ 495 $ 228 $ 875 Effective interest rate 0.0 % 58.3 % 58.3 % 58.3 %
Convertible Debt [Member] | Drive Capital Fund [Member] | Related Party Convertible Notes Two [Member]
Debt Instrument [Line Items]
Summary of Interest Expense	The following provides a summary of interest expense on the Company’s Related Party Convertible Notes II and Related Party Derivative Liability with Drive Capital: (in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Contractual interest expense $ - $ 18 $ 17 $ 18 Amortization of deferred financing costs and convertible debt discount - 24 24 24 Total Interest Expense $ - $ 42 $ 41 $ 42 Effective interest rate 0.0 % 17.1 % 17.1 % 17.1 %
Summary of Convertible Notes and Derivatives	The following provides a summary of the convertible notes and derivatives: As of (in thousands) December 31, 2021 Unamortized deferred issuance costs, derivative, and warrants $ 474 Net carrying amount of convertible note 2,526 Principal value of convertible note $ 3,000 Fair value of convertible note and derivative liability $ 3,390 Fair value of convertible note excluding derivative liability $ 2,830 Fair value Level Level 3
Convertible Debt [Member] | Energy Capital Partners Holdings [Member] | Related Party Convertible Notes Three [Member]
Debt Instrument [Line Items]
Summary of Interest Expense	The following provides a summary of the interest expense of the Company’s Related Party Convertible Notes III and Related Party Derivative Liability with Energy Capital Partners Holdings: (in thousands) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Contractual interest expense $ - $ 40 Amortization of deferred financing costs and convertible debt discount - 52 Total Interest Expense $ - $ 92 Effective interest rate 0.0 % 16.3 %
Summary of Convertible Notes and Derivatives	The following provides a summary of the convertible notes and derivatives: As of (in thousands) December 31, 2021 Unamortized deferred issuance costs, derivative, and warrants $ 1,130 Net carrying amount of convertible note 5,870 Principal value of convertible note $ 7,000 Fair value of convertible note and derivative liability $ 7,829 Fair value of convertible note excluding derivative liability $ 6,484 Fair value Level Level 3

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Summary of Revenue by Geographic Location	The Company is also presenting a disaggregation of revenue by geographical region (based on the external customer’s location) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Revenues Americas $ 6,183 $ 4,663 $ 19,008 $ 12,833 Europe 694 152 1,247 290 Asia Pacific 195 101 354 456 Total $ 7,072 $ 4,916 $ 20,609 $ 13,579

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Summary of Valuation Key Assumptions	The key assumptions used in this valuation are as follows. SPAC probability 95 % Remain private probability 5 % SPAC Market Value $ 736 million Conversion Ratio 2.056 Expected annual dividend yield 0.00 % Expected volatility 84 % Risk-free rate of return 0.71 % Expected option term (years) 1.4 years
Summary of Stock Based Compensation Expense	Stock-based compensation expense was recorded in the following financial statement lines within the condensed consolidated statements of net loss and comprehensive loss: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Cost of Revenues $ 34 $ 3 $ 176 $ 10 General and Administrative $ 1,771 $ 185 $ 21,150 $ 555 Selling & Marketing $ 232 $ 26 $ 1,611 $ 63 Research & Development $ 522 $ 25 $ 2,552 $ 72
Monte Carlo Simulation Valuation Model [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Summary of Valuation Key Assumptions	The valuation model incorporated the following key assumptions on the date of grant: Stock price $ 7.63 Expected volatility 30.1 % Expected term (years) 10.0 Risk-free rate 1.92 % Discount for lack of marketability 6.9 %

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Expenses	Restructuring expenses, which are comprised primarily of employee termination costs and non-cash asset impairments, were recorded in the following financial statement lines within the condensed consolidated statements of net loss and comprehensive loss: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Cost of Revenues $ 233 $ - $ 393 $ - General and Administrative $ 109 $ - $ 385 $ - Selling & Marketing $ 108 $ - $ 251 $ - Research & Development $ - $ - $ 19 $ -
Summary of Activity in Liability Related to Workforce Reduction Employee Termination Costs	The following table summarizes activity in the liability related to the Company’s workforce reduction employee termination costs (in thousands): Liability balance at December 31, 2021 $ - Charges 705 Payments ( 445 ) Liability balance at September 30, 2022 $ 260 All of the Company's restructuring liabilities as of September 30, 2022 relate to employee termination costs and all cash payments for those liabilities were disbursed in November 2022.

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator for Basic and Diluted Earnings Calculations	The reconciliation of the numerator and denominator for the basic and diluted earnings calculations for the three and nine months ended September 30, 2022 and 2021 is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2022 2021 2022 2021 Income (loss) available to common stockholders per share: Net loss $ ( 22,178 ) $ ( 17,093 ) $ ( 88,965 ) $ ( 44,984 ) Weighted average common shares outstanding: Basic and Diluted 76,670,955 41,686,939 71,368,336 41,341,537 Net loss per share - Basic and Diluted $ ( 0.29 ) $ ( 0.41 ) $ ( 1.25 ) $ ( 1.09 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Summary of Fair Value of Assets and Liabilities That are Measured at Fair Value on a Recurring Basis	The Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 by level within the fair value hierarchy are as follows: September 30, 2022 (in thousands) Quoted prices in Significant Significant (Level 1) (Level 2) (Level 3) Cash sweep accounts $ 21,391 $ - $ - Public warrants $ 269 $ - $ - Private placement warrants $ - $ 215 $ - December 31, 2021 (in thousands) Quoted prices in Significant Significant (Level 1) (Level 2) (Level 3) Cash sweep and money market accounts $ 8,702 $ - $ - Related party derivative liability $ - $ - $ 4,395 Legacy Fast Radius warrant liability $ - $ - $ 2,968
Summary of Changes in Fair Value of Derivative Liabilities	The following table includes a summary of the changes in fair value of the liability classified warrants issued to purchase Legacy Fast Radius common stock measured at fair value using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ - $ 1,450 $ 2,014 $ 87 Additions — — — 988 Change in fair value — 347 ( 1,475 ) 722 Converted to common stock — ( 539 ) — Ending balance $ - $ 1,797 $ - $ 1,797
Summary of Weighted Average Significant Unobservable Inputs used in The Measuring The Derivative Liability	A summary of the weighted average significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability categorized within Level 3 of the fair value hierarchy as of February 4, 2022 (the conversion date) and December 31, 2021 is as follows: Energize February 4, 2022 December 31, 2021 Cost of debt 11.0 % 11.0 % Term (Years) 0.0 0.08 - 0.25 Present value factor 1 0.98 - 0.99 Drive Capital February 4, 2022 December 31, 2021 Cost of debt 11.0 % 11.0 % Term (Years) 0.0 0.08 - 0.25 Present value factor 1 0.98 - 0.99 ECP Holdings February 4, 2022 December 31, 2021 Cost of debt 11.0 % 11.0 % Term (Years) 0.0 0.08 - 0.25 Present value factor 1 0.98 - 0.99
Common Share Warrants [Member] | Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Summary of Quantitative Information Regarding Fair Value Measurements Inputs	A summary of the weighted average significant unobservable inputs (Level 3 inputs) used in measuring the Company’s warrant liability for common share warrants categorized within Level 3 of the fair value hierarchy as of February 4, 2022 (the conversion date) and December 31, 2021 is as follows: February 4, 2022 December 31, 2021 Legacy Fast Radius stock price $ 15.69 $ 28.28 Term (Years) N/A 10.71 Volatility N/A 84.40 % Risk-free rate of return N/A 1.52 % Dividend yield 0.00 % 0.00 %
Series A Three Preferred Stock [Member] | Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Summary of Changes in Fair Value of Derivative Liabilities	The following table includes a summary of changes in fair value of the liability classified warrants issued to purchase Legacy Fast Radius series A-3 preferred stock measured at fair value using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ - $ 789 $ 954 $ 112 Additions — — — — Change in fair value — 127 ( 473 ) 804 Converted to common stock — ( 481 ) — Ending balance $ - $ 916 $ - $ 916
Series A Three Preferred Share Warrants [Member] | Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Summary of Quantitative Information Regarding Fair Value Measurements Inputs	A summary of the weighted average significant unobservable inputs (Level 3 inputs) used in measuring the Company’s warrant liability for preferred share warrants is categorized within Level 3 of the fair value hierarchy as of February 4, 2022 (the conversion date) and December 31, 2021 is as follows: February 4, 2022 December 31, 2021 Legacy Fast Radius stock price 15.69 $ 30.19 Term (Years) N/A 11.26 Volatility N/A 83.10 % Risk-free rate of return N/A 1.54 % Dividend yield 0.00 % 0.00 %
Related Party Convertible Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Summary of Changes in Fair value of Related Party Derivative Liabilities Related to Convertible Notes	The following table includes a summary of changes in fair value of the Company’s Related party derivative liabilities related to the convertible notes measured at fair value using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Beginning balance $ - $ 2,409 $ 4,395 $ - Additions — 549 — 2,964 Change in fair value — 195 ( 30 ) 189 Converted to common stock — — ( 4,365 ) — Ending balance $ - $ 3,153 $ - $ 3,153

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($) Segment	Dec. 31, 2021 USD ($)
Organization And Basis Of Operations [Line Items]
Number of operating segments | Segment	1
Accumulated deficit | $	$ 237,299	$ 123,493

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022 Customer $ / shares shares	Sep. 30, 2021 Customer	Sep. 30, 2022 Customer $ / shares shares	Sep. 30, 2021 Customer	Dec. 31, 2021 Customer	Feb. 04, 2022 shares	Feb. 03, 2022 shares
Summary Of Significant Accounting Policies [Line Items]
Warrants to purchase shares of common stock | shares	15,516,639		15,516,639			15,516,639	15,516,667
Each warrant entitles to purchase number of shares | shares	1		1
Purchase price of warrants	$ 11.50		$ 11.50
Warrants expiration date			Feb. 04, 2027
Concentration of risk customer benchmark			10%
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of significant customers | Customer	0	0	0	0
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | No Single Customer [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	10%	10%	10%	10%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of significant customers | Customer			0		0
Accounts Receivable [Member] | Customer Concentration Risk [Member] | No Single Customer [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Percentage			10%		10%
ENNV [Member]
Summary Of Significant Accounting Policies [Line Items]
Warrants will not be transferable, assignable or saleable, number of days after completion of business combination			30 days
Public Warrants [Member]
Summary Of Significant Accounting Policies [Line Items]
Warrants to purchase shares of common stock | shares	8,624,972		8,624,972			8,624,972	8,625,000
Private Placement Warrants [Member]
Summary Of Significant Accounting Policies [Line Items]
Warrants to purchase shares of common stock | shares	6,891,667		6,891,667			6,891,667	6,891,667
Common Stock [Member] | ENNV [Member] | Redemption of Warrants When Price Per Share Equals or Exceeds 18
Summary Of Significant Accounting Policies [Line Items]
Redemption of warrants price per share	$ 18		$ 18
Redemption price per warrant	0.01		$ 0.01
Minimum period of prior written notice of redemption of warrants			30 days
Minimum price per share required for redemption of warrants	18		$ 18
Warrants redemption covenant, threshold trading days			20 days
Warrants redemption covenant threshold consecutive trading days			30 days
Common Stock [Member] | ENNV [Member] | Redemption of Warrants When Price Per Share Equals or Exceeds 10
Summary Of Significant Accounting Policies [Line Items]
Redemption of warrants price per share	$ 10		$ 10
Minimum period of prior written notice of redemption of warrants			30 days
Adjusted last reported sale price per share on trading day			$ 10
Legacy Fast Radius Preferred and Common Stock Conversion [Member]
Summary Of Significant Accounting Policies [Line Items]
Share conversion ratio	2.056		2.056

Business Combination - Addition

Business Combination - Additional Information (Details) $ / shares in Units, $ in Millions		9 Months Ended
	Feb. 04, 2022 USD ($) $ / shares shares	Sep. 30, 2022 $ / shares shares	Feb. 03, 2022 shares	Dec. 31, 2021 $ / shares shares
Business Acquisition [Line Items]
Common stock, shares authorized		350,000,000		350,000,000
Common stock, par value | $ / shares		$ 0.0001		$ 0.0001
Preferred stock, shares authorized		1,000,000
Preferred stock, par value | $ / shares		$ 0.0001
Warrants outstanding	15,516,639	15,516,639	15,516,667
Tranche One
Business Acquisition [Line Items]
Merger Earn Out Shares to be issued in future	5,000,000	5,000,000
Tranche Two
Business Acquisition [Line Items]
Merger Earn Out Shares to be issued in future	5,000,000	5,000,000
ENNV [Member]
Business Acquisition [Line Items]
Common stock convertible, right to receive shares	2.056
Share authorized	351,000,000
Common stock, shares authorized	350,000,000
Common stock, par value | $ / shares	$ 0.0001
Preferred stock, shares authorized	1,000,000
Preferred stock, par value | $ / shares	$ 0.0001
Exercise price | $ / shares	$ 2.3
Merger Earn Out Shares to be issued in future	10,000,000
Net increase in cash and cash equivalents | $	$ 73
ENNV [Member] | Legacy Fast Radius Warrants
Business Acquisition [Line Items]
Conversion of warrants to shares common stock	2,200,000
ENNV [Member] | Legacy Fast Radius Convertible Notes
Business Acquisition [Line Items]
Conversion of convertible notes to shares of common stock	2,000,000
ENNV [Member] | PIPE Shares
Business Acquisition [Line Items]
Share issued in acquisition	7,500,000
Aggregate purchase price of shares | $	$ 75
Share issued in acquisition per share | $ / shares	$ 10
ENNV [Member] | Public Warrants
Business Acquisition [Line Items]
Warrants outstanding	8,624,972
ENNV [Member] | Private Warrants
Business Acquisition [Line Items]
Warrants outstanding	6,891,667
ENNV [Member] | Tranche One
Business Acquisition [Line Items]
Sponsor Earn Out Shares issued	407,000
Sponsor Earn Out Shares hurdle price	15
ENNV [Member] | Tranche Two
Business Acquisition [Line Items]
Sponsor Earn Out Shares issued	407,000
Sponsor Earn Out Shares hurdle price	20
Restricted Stock Unit | ENNV [Member]
Business Acquisition [Line Items]
Exercise price | $ / shares	$ 2.3
Merger Earn Out Shares | ENNV [Member] | Tranche One
Business Acquisition [Line Items]
Share issued in acquisition per share | $ / shares	15	$ 15
Merger Earn Out Shares | ENNV [Member] | Tranche Two
Business Acquisition [Line Items]
Share issued in acquisition per share | $ / shares	$ 20	$ 20
Sponsor Earn Out Shares | ENNV [Member]
Business Acquisition [Line Items]
Percentage of shares of common stock held by Sponsor	10%

Business Combinations - Schedul

Business Combinations - Schedule of Reconciliation of Elements of Business Combination to Unaudited Condensed Consolidated Statements of Stockholders' Equity (Deficit) and Cash Flows (Details) - ENNV [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Business Acquisition [Line Items]
Non-cash Convertible Note conversion	$ 17,655
Liabilities paid on behalf of or assumed from ENNV	(10,361)
Fair value of assumed common stock warrants	(5,847)
Transaction costs recorded in equity	(11,606)
Net impact on total stockholders' equity	96,705
Transaction costs not yet paid or paid in the prior year	6,450
Non-cash Convertible Note conversion	(17,655)
Liabilities paid on behalf of ENNV and classified as operating cash flows or assumed from ENNV and not yet paid	5,808
Non-cash fair value of assumed common stock warrants	5,847
Net impact on net cash provided by financing activities.	96,135
ENNV Trust and Cash, Net of Redemptions [Member]
Business Acquisition [Line Items]
Cash	30,844
PIPE Financing [Member]
Business Acquisition [Line Items]
Cash	75,000
Legacy Fast Radius Warrant Conversion [Member]
Business Acquisition [Line Items]
Non-cash Legacy Fast Radius warrant conversion	1,020
Non-cash Legacy Fast Radius warrant conversion	$ (1,020)

Supplemental Financial Inform_3

Supplemental Financial Information - Summary of Activity in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ (1,499)	$ (696)	$ (930)	$ (405)
Uncollectible accounts (charged) credited to expense	(138)	46	(707)	(242)
Uncollectible accounts written off (recovered)		39		36
Balance at end of period	$ (1,637)	$ (611)	$ (1,637)	$ (611)

Supplemental Financial Inform_4

Supplemental Financial Information - Summary of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventory, Net [Abstract]
Raw materials	$ 388	$ 433
Work-in-process	55	16
Total Inventories	$ 443	$ 449

Supplemental Financial Inform_5

Supplemental Financial Information - Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 16,219	$ 12,853
Accumulated depreciation and amortization	(5,100)	(3,325)
Property, plant and equipment (net)	11,119	9,528
Advanced Manufacturing Machinery & Quality Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	4,644	5,705
Software [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	6,227	2,912
Computer & Office Hardware [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	1,226	1,149
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	252	39
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	3,377	$ 3,048
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 493

Supplemental Financial Inform_6

Supplemental Financial Information - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Accrued and Other Liabilities [Member]
Concentration Risk [Line Items]
Cost associated with Business Combination	$ 10.5	$ 6.3

Debt - Summary of Short and Lon

Debt - Summary of Short and Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Outstanding Principal	$ 26,752	$ 49,907
Less: Discounts and deferred financing fees	0	(7,403)
Total	26,752	42,504
Fair Value of Derivatives	0	4,395
Total Debt and Derivative Liabilities	26,752	46,899
2020 MFS Loan
Debt Instrument [Line Items]
Outstanding Principal	260	314
Manufacturers Capital Promissory Notes
Debt Instrument [Line Items]
Outstanding Principal	249	968
Related Party - Energize Convertible Debt
Debt Instrument [Line Items]
Outstanding Principal	0	7,600
2020 SVB Loan
Debt Instrument [Line Items]
Outstanding Principal	7,725	10,225
2021 SVB Loan
Debt Instrument [Line Items]
Outstanding Principal	18,518	20,800
Related Party - Drive Capital Convertible Debt
Debt Instrument [Line Items]
Outstanding Principal	0	3,000
Related Party - ECP Holdings Convertible Debt
Debt Instrument [Line Items]
Outstanding Principal	$ 0	$ 7,000

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands

9 Months Ended

Oct. 01, 2022

Sep. 01, 2022

Feb. 04, 2022

Feb. 03, 2022

Oct. 26, 2021

Aug. 23, 2021

Mar. 12, 2021

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

Aug. 24, 2021

Apr. 13, 2021

Debt Instrument [Line Items]

Repayment of term loans

$ (7,625)

$ (803)

Outstanding Principal

$ 26,752

$ 49,907

Exercise price of warrants

$ 11.50

Embedded derivative, fair value of embedded derivative liability

$ 0

4,395

Energy Capital Partners Holdings LP [Member]

Debt Instrument [Line Items]

Debt instrument stated percentage

6%

Principal amount

$ 7,000

Fast Radius [Member]

Debt Instrument [Line Items]

Debt instrument maturity date

Apr. 13, 2023

Common Stock [Member] | Related Party Convertible Notes Three [Member] | Energy Capital Partners Holdings LP [Member]

Debt Instrument [Line Items]

Conversion of Stock, Shares Converted

2,000,000

Conversion of shares into predecessor company

990,000

2021 SVB Loan

Debt Instrument [Line Items]

Outstanding Principal

18,518

20,800

Two Thousand And Twenty One Silicon Valley Bank [Member]

Debt Instrument [Line Items]

Debt instrument maturity date

Apr. 03, 2023

Repayment of term loans

$ (2,000)

Outstanding Principal

20,000

Fee on outstanding principal balance of loan

$ 800

2,100

Monthly principal payments plus interest

$ 2,400

$ 2,400

Unamortized issuance costs

1,100

Two Thousand And Twenty One Silicon Valley Bank [Member] | Prime Rate [Member]

Debt Instrument [Line Items]

Interest rate

6%

Related Party - Energize Convertible Debt

Debt Instrument [Line Items]

Outstanding Principal

0

7,600

Fair value of derivative liability

2,500

Gain (loss) on derivative

47

Related Party - Energize Convertible Debt | Fast Radius [Member]

Debt Instrument [Line Items]

Debt instrument stated percentage

6%

Principal amount

$ 7,600

Exercise price of warrants

$ 0.01

Related Party - Energize Convertible Debt | Maximum | Fast Radius [Member]

Debt Instrument [Line Items]

Conversion of warrants to shares common stock

140,000

Related Party - Drive Capital Convertible Debt

Debt Instrument [Line Items]

Outstanding Principal

0

3,000

Fair value of derivative liability

$ 600

Gain (loss) on derivative

$ 5

Related Party - Drive Capital Convertible Debt | Fast Radius [Member]

Debt Instrument [Line Items]

Debt instrument maturity date

Aug. 23, 2023

Debt instrument stated percentage

6%

Principal amount

$ 3,000

Convertible Debt [Member] | Related Party Convertible Notes Three [Member] | Energy Capital Partners Holdings LP [Member]

Debt Instrument [Line Items]

Proceeds from convertible debt

$ 7,000

Related party transaction rate

6%

Long-term debt, maturity date

Oct. 26, 2023

Embedded derivative, fair value of embedded derivative liability

$ 1,300

Embedded Derivative, Gain (Loss) on Embedded Derivative, Net

$ 12

Debt - Summary of Interest Expe

Debt - Summary of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Amortization of deferred financing costs and convertible debt discount			$ 4,594	$ 1,232
Total Interest Expense	$ 2,603	$ 1,238	6,580	1,787
Convertible Debt [Member] | Energize Ventures Fund [Member] | Related Party Convertible Notes One [Member]
Debt Instrument [Line Items]
Contractual Interest Expense		115	44	212
Amortization of deferred financing costs and convertible debt discount		380	184	663
Total Interest Expense		$ 495	$ 228	$ 875
Effective interest rate	0%	58.30%	58.30%	58.30%
Convertible Debt [Member] | Energy Capital Partners Holdings LP [Member] | Related Party Convertible Notes Three [Member]
Debt Instrument [Line Items]
Contractual Interest Expense			$ 40
Amortization of deferred financing costs and convertible debt discount			52
Total Interest Expense			$ 92
Effective interest rate	0%		16.30%
Convertible Debt [Member] | Drive Capital Fund [Member] | Related Party Convertible Notes Two [Member]
Debt Instrument [Line Items]
Contractual Interest Expense		$ 18	$ 17	$ 18
Amortization of deferred financing costs and convertible debt discount		24	24	24
Total Interest Expense		$ 42	$ 41	$ 42
Effective interest rate	0%	17.10%	17.10%	17.10%

Debt - Summary of Convertible N

Debt - Summary of Convertible Notes and Derivatives (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Net carrying amount of convertible note	$ 26,752	$ 42,504
Principal value of convertible note	26,752	49,907
Related Party - Energize Convertible Debt
Debt Instrument [Line Items]
Principal value of convertible note	0	7,600
Related Party - Drive Capital Convertible Debt
Debt Instrument [Line Items]
Principal value of convertible note	$ 0	3,000
Convertible Debt [Member] | Energy Capital Partners Holdings LP [Member] | Related Party Convertible Notes Three [Member] | Fair Value, Inputs, Level 3 [Member]
Debt Instrument [Line Items]
Unamortized deferred issuance costs, derivative, and warrants		1,130
Net carrying amount of convertible note		5,870
Principal value of convertible note		7,000
Fair value of convertible note and derivative liability		7,829
Fair value of convertible note excluding derivative liability		6,484
Convertible Debt [Member] | Energize Ventures Fund [Member] | Related Party Convertible Notes One [Member] | Fair Value, Inputs, Level 3 [Member]
Debt Instrument [Line Items]
Unamortized deferred issuance costs, derivative, and warrants		3,534
Net carrying amount of convertible note		4,066
Principal value of convertible note		7,600
Fair value of convertible note and derivative liability		9,936
Fair value of convertible note excluding derivative liability		7,446
Convertible Debt [Member] | Drive Capital Fund [Member] | Related Party Convertible Notes Two [Member] | Fair Value, Inputs, Level 3 [Member]
Debt Instrument [Line Items]
Unamortized deferred issuance costs, derivative, and warrants		474
Net carrying amount of convertible note		2,526
Principal value of convertible note		3,000
Fair value of convertible note and derivative liability		3,390
Fair value of convertible note excluding derivative liability		$ 2,830

Commitments & Contingencies - A

Commitments & Contingencies - Additional Information (Details) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
	Feb. 28, 2022	May 31, 2021	Dec. 31, 2021
Cost of Revenues
Commitments And Contingencies [Line Items]
Charge amount recognized			$ 1
Master Subscription Agreement [Member] | Palantir [Member]
Commitments And Contingencies [Line Items]
Master subscription agreement period		6 years
Subscription agreement,commitment amount for utilization of software and services with related party		$ 45
Commitment amount remaining non cancellable future minimum payments due on the firm purchase agreement With Related Party.	$ 10.1
Payment made to related party upon close of the merger	$ 9.4

Equity - Additional Information

Equity - Additional Information (Details)				3 Months Ended	9 Months Ended
	May 11, 2022 USD ($) $ / shares shares	Feb. 04, 2022 $ / shares shares	Feb. 03, 2022 shares	Mar. 31, 2022 shares	Sep. 30, 2022 $ / shares shares	Dec. 31, 2021 $ / shares shares
Class Of Stock [Line Items]
Shares authorized to sell					350,000,000	350,000,000
Common stock, par value | $ / shares					$ 0.0001	$ 0.0001
Common stock, voting rights					one vote per share
Common stock, shares issued					75,901,646	39,656,951
Common stock, shares outstanding					75,900,000
RSUs vested not yet been settled and issued					1,700,000
Preferred stock, shares authorized					1,000,000
Preferred stock, par value | $ / shares					$ 0.0001
Preferred stock, shares outstanding					0
Conversion of outstanding preferred stock to shares of common stock		32,900,000
Warrants to purchase shares of common stock		15,516,639	15,516,667		15,516,639
Each warrant entitles to purchase number of shares					1
Purchase price of warrants | $ / shares					$ 11.50
Warrants expiration date					Feb. 04, 2027
ENNV [Member]
Class Of Stock [Line Items]
Share conversion ratio		2.056
Shares authorized to sell		350,000,000
Common stock, par value | $ / shares		$ 0.0001
Merger Earn Out Shares to be issued in future		10,000,000
Preferred stock, shares authorized		1,000,000
Preferred stock, par value | $ / shares		$ 0.0001
Tranche One
Class Of Stock [Line Items]
Merger Earn Out Shares to be issued in future		5,000,000			5,000,000
Tranche One | Merger Earn Out Shares | ENNV [Member]
Class Of Stock [Line Items]
Share issued in acquisition per share | $ / shares		$ 15			$ 15
Tranche Two
Class Of Stock [Line Items]
Merger Earn Out Shares to be issued in future		5,000,000			5,000,000
Tranche Two | Merger Earn Out Shares | ENNV [Member]
Class Of Stock [Line Items]
Share issued in acquisition per share | $ / shares		$ 20			$ 20
Lincoln Park Capital Fund, LLC [Member]
Class Of Stock [Line Items]
Equity line of credit arrangement					the Company may direct Lincoln Park to purchase additional shares of Common Stock in accelerated purchases (each, an “Accelerated Purchase”) up to the lower of: (i) three times the number of shares of Common Stock purchased pursuant to the corresponding Regular Purchase or (ii) 30% of the trading volume on the date of each such accelerated purchase or such shorter period as provided under the Purchase Agreement. The purchase price for the additional shares is 97% of the lesser of:•the closing sale price for the Common Stock on the date of sale; or•the accelerated purchase date's volume weighted average price of the Common Stock on the date of sale.
Maximum | Lincoln Park Capital Fund, LLC [Member]
Class Of Stock [Line Items]
Value of common stock obligated to purchase | $	$ 30,000,000
Purchase Agreement [Member]
Class Of Stock [Line Items]
Common stock, shares issued	728,385
Sale of stock, number of shares issued in transaction	100,000
Purchase Agreement [Member] | Lincoln Park Capital Fund, LLC [Member]
Class Of Stock [Line Items]
Shares authorized to sell	14,643,920
Percentage of common stock beneficially owing	9.99%
Upper limits on the price per share | $ / shares	$ 0
Sale of stock, description of transaction	The purchase price per share for each Regular Purchase will be the lower of: (i) the lowest sale price of Common Stock during the purchase date, or (ii) the average of the three lowest closing sale prices of Common Stock in the ten business days prior to the purchase date. There are no upper limits on the price per share that Lincoln Park must pay for shares of Common Stock under the Purchase Agreement.
Percentage of common stock outstanding	19.99%
Maximum committed purchase obligation | $	$ 2,000,000
Average price of common stock | $ / shares	$ 0.62
Additional shares issued as commitment fee					182,096
Fair value of commitment fee | $	$ 452,000
Purchase Agreement [Member] | Maximum | Lincoln Park Capital Fund, LLC [Member]
Class Of Stock [Line Items]
Sale of stock, increased number of shares issued in transaction | $	$ 400,000
Common Stock [Member]
Class Of Stock [Line Items]
Warrants exercised, shares		2,200,000		2,240,000
Common Stock [Member] | Legacy Fast Radius Warrants [Member]
Class Of Stock [Line Items]
Warrants exercised, shares			1,100,000
Public Warrants [Member]
Class Of Stock [Line Items]
Warrants to purchase shares of common stock		8,624,972	8,625,000		8,624,972
Private Warrants [Member]
Class Of Stock [Line Items]
Warrants to purchase shares of common stock		6,891,667	6,891,667		6,891,667
Legacy Fast Radius Preferred and Common Stock Conversion [Member]
Class Of Stock [Line Items]
Share conversion ratio					2.056
Conversion of outstanding preferred stock to shares of common stock			16,000,000

Revenues (Additional Informatio

Revenues (Additional Information) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Contract liabilities	$ 0		$ 0		$ 0
Revenues	7,072,000	$ 4,916,000	20,609,000	$ 13,579,000
Contract assets	0		0		$ 0
Shipping and Handling Fees [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 672,000	$ 127,000	$ 1,500,000	$ 347,000

Revenues - Summary of Revenue b

Revenues - Summary of Revenue by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 7,072	$ 4,916	$ 20,609	$ 13,579
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,183	4,663	19,008	12,833
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenues	694	152	1,247	290
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 195	$ 101	$ 354	$ 456

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)			3 Months Ended		9 Months Ended
	Feb. 04, 2022	Feb. 02, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Business combination valuation trigger amount					$ 1,500,000,000
Share based compensation expense			$ 2,600,000	$ 200,000	25,500,000	$ 700,000
Share based payment arrangement, Expense, Tax benefit					$ 0
2022 Employee Stock Purchase Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock based compensation, plan description					Under the terms of the ESPP, employees can elect to have amounts of their annual compensation withheld, up to a maximum set by the Board, to purchase shares of Common Stock for a purchase price equal to 85% of the lower of the fair market value per share (at closing) of Common Stock on (i) the first trading day of the offering period or (ii) the last trading day of the offering period.
Common Stock reserved for issuance		2,150,000
Shares purchased under ESPP			0		0
Purchase price of common stock as a percentage of fair value		85%
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted for issuance			$ 12,000,000		$ 12,000,000
Stock compensation period recognized period					1 year 10 months 24 days
Unrecognized stock-based compensation expense			$ 25,500,000		$ 25,500,000
2022 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance			11,000,000		11,000,000
Earnout shares per share			$ 15		$ 15
2022 Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of RSUs granted			1,400,000		11,700,000
2017 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Earnout shares per share			$ 20		$ 20
Share based compensation expense	$ 18,700,000
Standard Restricted Stock Units [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation arrangement by share based payment award, Award requisite service period					4 years
Percentage of restricted stock units award outstanding					25%
Share based compensation arrangement by share based payment award, Award vesting rights					whereby the award vests 25% on the one-year anniversary of the vesting commencement date
Share based compensation arrangement by share based payment award, Award vesting period					36 months
Percentage of shares eligible for vest					25%
Founder Restricted Stock Unit [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation arrangement by share based payment award, Award vesting rights					Founder RSUs include a portion that vested upon the closing of the Business Combination, and a portion that will vest on the first day following the lapse of the Lock-Up Period, the first 180 days from the consummation of the Business Combination, on which the Company Valuation equals or exceeds $1.5 billion
CEO Mr. Rassey [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant date fair value					$ 11,600,000
Stock compensation period recognized period					8 years
CEO Mr. Rassey [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Percentage of restricted stock units award outstanding					10%
Shares granted					6,000,000
Percentage of shares eligible for vest					10%

Stock Based Compensation - Summ

Stock Based Compensation - Summary Of Black-Scholes Option-Pricing Model (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Share-Based Payment Arrangement, Disclosure [Abstract]
SPAC probability	95%
Remain private probability	5%
SPAC Market Value	$ 736
Conversion Ratio	2.056%
Expected annual dividend yield	0%
Expected volatility	84%
Risk-free rate of return	0.71%
Expected option term (years)	1 year 4 months 24 days

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Valuation Model Incorporated Following Key Assumptions on Date of Grant (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected volatility	84%
Expected option term (years)	1 year 4 months 24 days
Risk-free rate of return	0.71%
Monte Carlo Simulation Valuation Model [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock price	$ 7.63
Expected volatility	30.10%
Expected option term (years)	10 years
Risk-free rate of return	1.92%
Discount for lack of marketability	6.90%

Stock Based Compensation - Su_3

Stock Based Compensation - Summary Of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	$ 2,600	$ 200	$ 25,500	$ 700
Cost of Revenues
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	34	3	176	10
General and Administrative
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	1,771	185	21,150	555
Selling and Marketing
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	232	26	1,611	63
Research & Development
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based Payment Arrangement, Expense	$ 522	$ 25	$ 2,552	$ 72

Restructuring - Additional Info

Restructuring - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Incurred costs		$ 1,000
Non-Cash Asset Impairments [Member]
Restructuring Cost and Reserve [Line Items]
Incurred costs		$ 343
Board of Directors [Member]
Restructuring Cost and Reserve [Line Items]
Percentage of workforce reduction	20%

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Expenses (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Total restructuring costs		$ 1,000
Cost of Revenues [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	$ 233	393
General and Administrative [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	109	385
Selling & Marketing [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	$ 108	251
Research & Development [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring costs		$ 19

Restructuring - Summary of Acti

Restructuring - Summary of Activity in Liability Related to Workforce Reduction Employee Termination Costs (Details) - Employee Termination Costs [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Charges	$ 705
Payments	445
Liability balance at September 30, 2022	$ 260

Taxes - Additional Information

Taxes - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax benefit	$ 0	$ 0	$ 0	$ 0

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Reconciliation of the Numerator and Denominator for the Basic and Diluted Earnings (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Income (loss) available to common stockholders per share:
Net Loss	$ (22,178)	$ (22,187)	$ (44,600)	$ (17,093)	$ (15,105)	$ (12,786)	$ (88,965)	$ (44,984)
Weighted average common shares outstanding:
Basic	76,670,955			41,686,939			71,368,336	41,341,537
Diluted	76,670,955			41,686,939			71,368,336	41,341,537
Net loss per share - Basic	$ (0.29)			$ (0.41)			$ (1.25)	$ (1.09)
Net loss per share - Diluted	$ (0.29)			$ (0.41)			$ (1.25)	$ (1.09)

Net Loss Per Share (Additional

Net Loss Per Share (Additional Information) (Details) - shares shares in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Anti-dilutive securities	44	11

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash sweep and money market accounts	$ 21,391	$ 8,702
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash sweep and money market accounts	21,391	8,702
Public warrants	269
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Private placement warrants	$ 215
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Related party derivative liability		4,395
Legacy Fast Radius warrant liability		$ 2,968

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Changes in Fair Value of Warrants (Details) - Warrant [Member] - Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Common Share Warrants [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of liability, beginning balance	$ 1,450	$ 2,014	$ 87
Additions			988
Change in fair value	347	(1,475)	722
Converted to common stock		(539)
Fair value of liability, ending balance	1,797		1,797
Series A Three Preferred Share Warrants [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of liability, beginning balance	789	954	112
Change in fair value	127	(473)	804
Fair value of liability, ending balance	$ 916	$ (481)	$ 916

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Fair value transfers between Levels	$ 0	$ 0

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Quantitative Information Regarding Fair Value Measurements Inputs (Details) - Warrants [Member] - Level 3	Feb. 04, 2022	Dec. 31, 2021 yr
Common Share Warrants [Member] | Stock Price
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	15.69	28.28
Common Share Warrants [Member] | Term (Years)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		10.71
Common Share Warrants [Member] | Volatility
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		84.40
Common Share Warrants [Member] | Risk-Free Rate of Return
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		1.52
Common Share Warrants [Member] | Dividend Yield
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0	0
Series A Three Preferred Share Warrants [Member] | Stock Price
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	15.69	30.19
Series A Three Preferred Share Warrants [Member] | Term (Years)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		11.26
Series A Three Preferred Share Warrants [Member] | Volatility
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		83.10
Series A Three Preferred Share Warrants [Member] | Risk-Free Rate of Return
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		1.54
Series A Three Preferred Share Warrants [Member] | Dividend Yield
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0	0

Fair Value Measurements - Sum_4

Fair Value Measurements - Summary of Changes in Fair Value of Related Party Derivative Liabilities Related to Convertible Notes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value	$ 0	$ (195)	$ 30	$ (189)
Ending balance		3,153		3,153
Related Party Convertible Notes [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		2,409	4,395
Additions		549		2,964
Change in fair value		(195)	(30)	(189)
Converted to common stock			$ (4,365)
Ending balance		$ 3,153		$ 3,153

Fair Value Measurements - Sum_5

Fair Value Measurements - Summary of Weighted Average Significant Unobservable Inputs Used in the Measuring the Derivative Liability (Details) - Level 3 [Member]	Feb. 04, 2022 yr	Dec. 31, 2021 yr
Energize Ventures Fund [Member] | Cost of debt
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input	11	11
Energize Ventures Fund [Member] | Term (Years)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input	0
Energize Ventures Fund [Member] | Term (Years) | Minimum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.08
Energize Ventures Fund [Member] | Term (Years) | Maximum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.25
Energize Ventures Fund [Member] | Present value factor
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input	1
Energize Ventures Fund [Member] | Present value factor | Minimum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.98
Energize Ventures Fund [Member] | Present value factor | Maximum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.99
Drive Capital Fund [Member] | Cost of debt
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input	11	11
Drive Capital Fund [Member] | Term (Years)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input	0
Drive Capital Fund [Member] | Term (Years) | Minimum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.08
Drive Capital Fund [Member] | Term (Years) | Maximum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.25
Drive Capital Fund [Member] | Present value factor
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input	1
Drive Capital Fund [Member] | Present value factor | Minimum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.98
Drive Capital Fund [Member] | Present value factor | Maximum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.99
Energy Capital Partners Holdings [Member] | Cost of debt
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input	11	11
Energy Capital Partners Holdings [Member] | Term (Years)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input	0
Energy Capital Partners Holdings [Member] | Term (Years) | Minimum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.08
Energy Capital Partners Holdings [Member] | Term (Years) | Maximum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.25
Energy Capital Partners Holdings [Member] | Present value factor
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input	1
Energy Capital Partners Holdings [Member] | Present value factor | Minimum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.98
Energy Capital Partners Holdings [Member] | Present value factor | Maximum [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Related Party Derivative Liability Measurement Input		0.99

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended	3 Months Ended			9 Months Ended
	Feb. 04, 2022	Mar. 12, 2021	Feb. 28, 2022	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Oct. 26, 2021	Aug. 24, 2021	May 31, 2021
Related Party Transaction [Line Items]
Gross proceeds of shares issued					$ 75,000
Common stock, shares outstanding				75,900,000			75,900,000
Due to related parties, current				$ 3,750			$ 3,750		$ 2,513
Selling and marketing expense				3,674		$ 6,583	15,887	$ 15,335
PIPE Shares | ENNV [Member]
Related Party Transaction [Line Items]
Share issued in acquisition per share	$ 10
Aggregate purchase price of shares	$ 75,000
Fast Radius [Member]
Related Party Transaction [Line Items]
Debt instrument maturity date		Apr. 13, 2023
United Parcel Service [Member]
Related Party Transaction [Line Items]
Due to related parties, current				3,700			3,700		$ 2,500
Selling and marketing expense				400		191	1,200	710
United Parcel Service [Member] | Warehouse Rental Agreement [Member]
Related Party Transaction [Line Items]
Operating lease, payments				17		17	52	50
United Parcel Service [Member] | Shipping Service Agreement [Member] | Shipping and Handling [Member]
Related Party Transaction [Line Items]
Related party costs				$ 146		429	$ 843	842
United Parcel Service [Member] | Revenue Benchmark [Member]
Related Party Transaction [Line Items]
Percentage of equity royalties allotted for the service provided				6%			6%
United Parcel Service [Member] | Office Space [Member] | Sublease Agreement [Member]
Related Party Transaction [Line Items]
Operating lease, payments				$ 2		$ 2	$ 6	$ 6
Energize Venture Fund Iron Spring Venture Fund [Member]
Related Party Transaction [Line Items]
Warrants issued		140,000
Energize Venture Fund Iron Spring Venture Fund [Member] | Convertible Notes Payable [Member]
Related Party Transaction [Line Items]
Principal amount		$ 7,600
Debt instrument stated percentage		6%
Debt Instrument, face amount		$ 7,600
Debt instrument, interest rate, effective percentage		58%
Interest expense, debt							$ 228
Palantir [Member]
Related Party Transaction [Line Items]
Software commitment fee paid			$ 9,400
Future software commitment fees			$ 10,100
Palantir [Member] | Private Placement [Member] | PIPE Shares | ENNV [Member]
Related Party Transaction [Line Items]
Share issued in acquisition per share							$ 10
Aggregate purchase price of shares							$ 75,000
Palantir [Member] | Master Subscription Agreement [Member]
Related Party Transaction [Line Items]
Total potential fee under software arrangement												$ 45,000
Energy Capital Partners Holdings LP [Member]
Related Party Transaction [Line Items]
Principal amount										$ 7,000
Debt instrument stated percentage										6%
Debt Instrument, face amount										$ 7,000
Debt instrument, interest rate, effective percentage										16%
Interest expense, debt							92
Drive Capital [Member] | Convertible Notes Payable [Member]
Related Party Transaction [Line Items]
Principal amount											$ 3,000
Debt instrument stated percentage											6%
Debt Instrument, face amount											$ 3,000
Debt instrument, interest rate, effective percentage											17%
Interest expense, debt							$ 41

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended	9 Months Ended
	Oct. 25, 2022	Nov. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Accrued liabilities, related parties			$ 3,750	$ 2,513
Deferred fees associated with business combination			11,000
Forecast [Member]
Subsequent Event [Line Items]
One-time payment to employees related to cost optimization		$ 2,000
Directors and Officers Insurance Policy [Member] | Forecast [Member]
Subsequent Event [Line Items]
Payment to purchase additional insurance policy		$ 5,200
United Parcel Service [Member]
Subsequent Event [Line Items]
Accrued liabilities, related parties			$ 3,700	$ 2,500
Subsequent Event [Member] | United Parcel Service [Member]
Subsequent Event [Line Items]
Percentage of equity royalties allotted for the service provided	6%
Aggregate cumulative maximum gross revenues	$ 7,600
Percentage of ownership interest in outstanding common stock	10%
Related party transaction, amounts of transaction	$ 1,500
Credit agreements amendment amount	$ 2,600