XML 31 R14.htm IDEA: XBRL DOCUMENT
v3.22.1

Significant Balance Sheet Components | 12 Months Ended
--- | ---
Dec. 31, 2021
Supplemental Balance Sheet Information [Abstract] |
Significant Balance Sheet Components | Significant Balance Sheet Components Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following:
| December 31, 2021 |  | December 31, 2020 |
| (In thousands) |
Contract assets | $ | 5,359 |  |  | $ | 7,079 |  |
Deferred contract costs | 4,564 |  |  | 4,855 |  |
Prepaid insurance | 6,521 |  |  | 345 |  |
Prepaid other | 7,743 |  |  | 3,780 |  |
Preferred stock warrant exercise receivable | — |  |  | 2,158 |  |
Recording fee advances | 4,243 |  |  | — |  |
Other current assets | 3,283 |  |  | 1,051 |  |
Total prepaid expenses and other current assets | $ | 31,713 |  |  | $ | 19,268 |  |
Recording fee advances represent amounts advanced on behalf of customers in the Title365 segment associated with the recording of mortgage documents. These amounts are primarily recouped within 30 days from funds in the escrow accounts the Company administers. Property and Equipment, Net Property and equipment, net, consisted of the following:
| December 31, 2021 |  | December 31, 2020
| (In thousands)
Computer and software | $ | 4,287 |  |  | $ | 2,277 |
Furniture and fixtures | 1,559 |  |  | 1,094 |
Leasehold improvements | 4,940 |  |  | 4,455 |
Total property and equipment, gross | 10,786 |  |  | 7,826 |
Accumulated depreciation and amortization | (4,631) |  |  | (3,232) |
Total property and equipment, net | $ | 6,155 |  |  | $ | 4,594 |
Depreciation expense for the years ended December 31, 2021, 2020 and 2019 was $1.4 million, $1.1 million and $1.0 million respectively. Note Receivable In January 2021, the Company made a $3.0 million investment in a privately-held company via a convertible promissory note. Interest accrues at 2% per annum and outstanding principal and accrued interest is due and payable at the earliest of (i) 60 months from the execution of the note, (ii) an initial public offering, or (iii) change in control, unless otherwise converted to shares of the issuer. The outstanding principal and unpaid accrued interest are convertible into 4,500,000 shares of the issuer’s Series Seed Preferred Stock at the option of the issuer, upon a change in control, upon the issuer’s initial public offering, or upon a qualified equity financing. The conversion option is not bifurcated from the promissory note as the option does not meet the net settlement criteria of a derivative instrument due to the option not being readily convertible to cash. The Company also has a call option to merge the issuer with the Company for aggregate consideration of $500.0 million. The value of the call option was determined to be inconsequential. The note receivable is presented within other non-current assets on the consolidated balance sheet as of December 31, 2021. Investments in Non-Marketable Equity Securities In September 2021, the Company made an equity investment in the amount of $2.5 million in a privately-held company in exchange for 103,611 shares of Series Growth 1a Preferred Stock. This investment in the equity securities without readily determinable fair value was initially recorded at cost. Subsequently, this investment is measured at cost, less impairment, if any, plus or minus observable price changes in orderly transactions of an identical or similar investment of the same issuer. There were no impairments or adjustments for observable price changes for the year ended December 31, 2021. This investment is presented within other non-current assets on the consolidated balance sheet as of December 31, 2021. Other Current Liabilities Other current liabilities consisted of the following:
| December 31, 2021 |  | December 31, 2020
| (In thousands)
Accrued expenses | $ | 5,798 |  |  | $ | 2,477 |
Accrued interest | 3,397 |  |  | —
Accrued professional fees | 3,085 |  |  | 701
Accrued connectivity fees | 4,753 |  |  | 2,833
Operating lease liabilities, current portion | 3,856 |  |  | 2,580
Payable to Title365 noncontrolling interest holder under transition services agreement | 5,549 |  |  | — |
Other | 1,224 |  |  | 319 |
Total other current liabilities | $ | 27,662 |  |  | $ | 8,910 |
Other Long-Term Liabilities Other long-term liabilities consisted of the following:
| December 31, 2021 |  | December 31, 2020
| (In thousands)
Deferred tax liabilities | $ | 2,864 |  |  | $ | — |
Early exercise liability | 6,998 |  |  | 322 |
Payroll tax liabilities | 1,457 |  |  | 3,053
Other liabilities | 2,096 |  |  | — |
Total other long-term liabilities | $ | 13,415 |  |  | $ | 3,375 |

X
- Definition Supplemental Balance Sheet Information + References No definition available. + Details
Name: | blnd_SupplementalBalanceSheetInformationAbstract
Namespace Prefix: | blnd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration