XML 34 R24.htm IDEA: XBRL DOCUMENT v3.22.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Cash, Cash Equivalents and Investments
The following table provides a reconciliation of cash and restricted cash in the consolidated balance sheets to the total amount shown in the consolidated statements of cash flows: (In thousands)
 
  
March 31,
2022
 
  
December 31,
2021
 
 
  
(In thousands)
 
Cash
   $ 206,626      $ 11,729  
Restricted cash
     317        317  
    
 
 
    
 
 
 
Total cash and restricted cash
   $ 206,943      $ 12,046  
    
 
 
    
 
 
 
Schedule of Inputs Into the Respective Models
Significant inputs into the respective models at the March 2, 2022 (the initial recognition) and March 31, 2022 are as follows:
 
Valuation Assumptions
  
Initial Recognition
on March 2, 2022
   
March 31,
2022
 
Stock Price
   $ 9.43     $ 6.30  
Simulated trading days
     1,198.00       1,178.00  
Volatility (annual)
     77.00     86.00
Risk-free rate
     1.74     2.42
Estimated time to expiration (years)
     5       5  
Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Ordinary Shares
Significant customers are those that represent 10% or more of revenue are set forth in the following tables:
 
    
March 31,
Customer
  
2022
 
2021
Customer A
   47%   *
Customer B
   23%   21%
Customer C
   13%   60%
*Customer accounted for less than 10% of revenue in the respective period
Schedule of Customers Accounts Receivable
Significant customers are those that represent 10% or more of accounts receivable are set forth in the following tables:
 
    
March 31,
   
December 31,
 
Customer
  
2022
   
2021
 
Customer A
     53     *  
Customer B
     25     35
Customer C
     21     *  
Customer D
     *       34
Customer E
     *       29
*Customer accounted for less than 10% of accounts receivable in the respective period