XML 38 R18.htm IDEA: XBRL DOCUMENT
v3.21.1

Restatement of Previously Issued Audited and Unaudited Financial Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Accounting Changes and Error Corrections [Abstract] |
Summary of Reconcilaition of the Financial Statements for the Affected Period | The following presents a reconciliation of the consolidated balance sheets, statements of operations and cash flows for the Affected Periods.
|  | December 31, 2020 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Public warrants derivative liability |  |  | — |  |  |  | 161,456,462 |  |  |  | 161,456,462 |
Private warrants derivative liability |  |  | — |  |  |  | 158,469,002 |  |  |  | 158,469,002 |
Total liabilities |  |  | 16,852,448 |  |  |  | 319,925,464 |  |  |  | 336,777,912 |
Class A common stock subject to possible redemption |  |  | 295,489,060 |  |  |  | (295,489,060 | ) |  |  | — |
Class A common stock |  |  | 186 |  |  |  | 2,955 |  |  |  | 3,141 |
Additional paid-in-capital |  |  | 9,210,213 |  |  |  | 287,169,386 |  |  |  | 296,379,599 |
Accumulated deficit |  |  | (4,211,183 | ) |  |  | (311,608,745 | ) |  |  | (315,819,928 | )
Total stockholders’ equity (deficit) |  |  | 5,000,001 |  |  |  | (24,436,404 | ) |  |  | (19,436,403 | )
Statement of Operations for the year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  |  | — |  |  |  | (310,330,174 | ) |  |  | (310,330,174 | )
Loss before income tax expense |  |  | (4,789,152 | ) |  |  | (310,330,174 | ) |  |  | (315,119,326 | )
Net loss |  |  | (4,990,755 | ) |  |  | (310,330,174 | ) |  |  | (315,320,929 | )
Basic and diluted net loss per Class B common stock |  |  | (0.73 | ) |  |  | (39.52 | ) |  |  | (40.25 | )
Statement of Cash Flows for the year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  |  | (4,990,755 | ) |  |  | (310,330,174 | ) |  |  | (315,320,929 | )
Change in fair value of warrant liabilities |  |  | — |  |  |  | 310,330,174 |  |  |  | 310,330,174 |
|  | September 30, 2020 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Balance Sheet (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Public warrants derivative liability |  |  | — |  |  |  | 49,107,054 |  |  |  | 49,107,054 |
Private warrants derivative liability |  |  | — |  |  |  | 32,522,036 |  |  |  | 32,522,036 |
Total liabilities |  |  | 12,158,095 |  |  |  | 81,629,090 |  |  |  | 93,787,185 |
Class A common stock subject to possible redemption |  |  | 300,029,150 |  |  |  | (81,629,090 | ) |  |  | 218,400,060 |
Class A common stock |  |  | 141 |  |  |  | 816 |  |  |  | 957 |
Additional paid-in-capital |  |  | 4,670,168 |  |  |  | 73,311,555 |  |  |  | 77,981,723 |
Retained earnings (Accumulated deficit) |  |  | 328,914 |  |  |  | (73,312,371 | ) |  |  | (72,983,457 | )
Total stockholders’ equity |  |  | 5,000,008 |  |  |  | — |  |  |  | 5,000,008 |
Statement of Operations for the three months ended September 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  |  | — |  |  |  | (68,996,330 | ) |  |  | (68,996,330 | )
Loss before income tax expense |  |  | (787,652 | ) |  |  | (68,996,330 | ) |  |  | (69,783,982 | )
Net loss |  |  | (792,915 | ) |  |  | (68,996,330 | ) |  |  | (69,789,245 | )
Basic and diluted net loss per Class B common stock |  |  | (0.10 | ) |  |  | (8.79 | ) |  |  | (8.89 | )
Statement of Operations for the nine months ended September 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  |  | — |  |  |  | (72,033,800 | ) |  |  | (72,033,800 | )
Loss before income tax expense |  |  | (208,400 | ) |  |  | (72,033,800 | ) |  |  | (72,242,200 | )
Net loss |  |  | (450,658 | ) |  |  | (72,033,800 | ) |  |  | (72,484,458 | )
Basic and diluted net loss per Class B common stock |  |  | (0.15 | ) |  |  | (9.17 | ) |  |  | (9.32 | )
Statement of Cash Flows for the nine months ended September 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  |  | (450,658 | ) |  |  | (72,033,800 | ) |  |  | (72,484,458 | )
Change in fair value of warrant liabilities |  |  | — |  |  |  | 72,033,800 |  |  |  | 72,033,800 |
|  | June 30, 2020 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Balance Sheet (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Public warrants derivative liability |  |  | — |  |  |  | 8,270,721 |  |  |  | 8,270,721 |
Private warrants derivative liability |  |  | — |  |  |  | 4,362,039 |  |  |  | 4,362,039 |
Total liabilities |  |  | 11,905,001 |  |  |  | 12,632,760 |  |  |  | 24,537,761 |
Class A common stock subject to possible redemption |  |  | 300,822,070 |  |  |  | (12,632,760 | ) |  |  | 288,189,310 |
Class A common stock |  |  | 133 |  |  |  | 126 |  |  |  | 259 |
Additional paid-in-capital |  |  | 3,877,256 |  |  |  | 4,315,915 |  |  |  | 8,193,171 |
Retained earnings (Accumulated deficit) |  |  | 1,121,829 |  |  |  | (4,316,041 | ) |  |  | (3,194,212 | )
Total stockholders’ equity |  |  | 5,000,003 |  |  |  | — |  |  |  | 5,000,003 |
Statement of Operations for the three months ended June 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  |  | — |  |  |  | (2,685,170 | ) |  |  | (2,685,170 | )
Loss before income tax expense |  |  | (96,889 | ) |  |  | (2,685,170 | ) |  |  | (2,782,059 | )
Net loss |  |  | (124,174 | ) |  |  | (2,685,170 | ) |  |  | (2,809,344 | )
Basic and diluted net loss per Class B common stock |  |  | (0.02 | ) |  |  | (0.34 | ) |  |  | (0.36 | )
Statement of Operations for the six months ended June 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  |  | — |  |  |  | (3,037,470 | ) |  |  | (3,037,470 | )
Income (loss) before income tax expense |  |  | 579,252 |  |  |  | (3,037,470 | ) |  |  | (2,458,218 | )
Net income (loss) |  |  | 342,257 |  |  |  | (3,037,470 | ) |  |  | (2,695,213 | )
Basic and diluted net loss per Class B common stock |  |  | (0.06 | ) |  |  | (0.39 | ) |  |  | (0.45 | )
Statement of Cash Flows for the six months ended June 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  |  | 342,257 |  |  |  | (3,037,470 | ) |  |  | (2,695,213 | )
Change in fair value of warrant liabilities |  |  | — |  |  |  | 3,037,470 |  |  |  | 3,037,470 |
|  | March 31, 2020 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Balance Sheet (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Public warrants derivative liability |  |  | — |  |  |  | 6,524,218 |  |  |  | 6,524,218 |
Private warrants derivative liability |  |  | — |  |  |  | 3,423,372 |  |  |  | 3,423,372 |
Total liabilities |  |  | 11,877,840 |  |  |  | 9,947,590 |  |  |  | 21,825,430 |
Class A common stock subject to possible redemption |  |  | 300,946,240 |  |  |  | (9,947,590 | ) |  |  | 290,998,650 |
Class A common stock |  |  | 132 |  |  |  | 99 |  |  |  | 231 |
Additional paid-in-capital |  |  | 3,753,087 |  |  |  | 1,630,772 |  |  |  | 5,383,859 |
Retained earnings (Accumulated deficit) |  |  | 1,246,003 |  |  |  | (1,630,871 | ) |  |  | (384,868 | )
Total stockholders’ equity |  |  | 5,000,007 |  |  |  | — |  |  |  | 5,000,007 |
Statement of Operations for the three months ended March 31, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  |  | — |  |  |  | (352,300 | ) |  |  | (352,300 | )
Income before income taxes |  |  | 676,141 |  |  |  | (352,300 | ) |  |  | 323,841 |
Net income |  |  | 466,431 |  |  |  | (352,300 | ) |  |  | 114,131 |
Basic and diluted net loss per Class B common stock |  |  | (0.03 | ) |  |  | (0.04 | ) |  |  | (0.07 | )
Statement of Cash Flows for the three months ended March 31, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Net income |  |  | 466,431 |  |  |  | (352,300 | ) |  |  | 114,131 |
Change in fair value of warrant liabilities |  |  | — |  |  |  | 352,300 |  |  |  | 352,300 |
|  | December 31, 2019 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Public warrants derivative liability |  |  | — |  |  |  | 6,282,349 |  |  |  | 6,282,349 |
Private warrants derivative liability |  |  | — |  |  |  | 3,312,941 |  |  |  | 3,312,941 |
Total liabilities |  |  | 11,692,080 |  |  |  | 9,595,290 |  |  |  | 21,287,370 |
Class A common stock subject to possible redemption |  |  | 300,479,810 |  |  |  | (9,595,290 | ) |  |  | 290,884,520 |
Class A common stock |  |  | 136 |  |  |  | 96 |  |  |  | 232 |
Additional paid-in-capital |  |  | 4,219,513 |  |  |  | 1,278,475 |  |  |  | 5,497,988 |
Retained earnings (Accumulated deficit) |  |  | 779,572 |  |  |  | (1,278,571 | ) |  |  | (498,999 | )
Total stockholders’ equity |  |  | 5,000,006 |  |  |  | — |  |  |  | 5,000,006 |
Statement of Operations for the period from May 19, 2019 (inception) through December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  |  | — |  |  |  | (959,526 | ) |  |  | (959,526 | )
Allocated expense for warrant issuance cost |  |  | — |  |  |  | (319,045 | ) |  |  | (319,045 | )
Income (loss) before income taxes |  |  | 1,258,636 |  |  |  | (1,278,571 | ) |  |  | (19,935 | )
Net income (loss) |  |  | 779,572 |  |  |  | (1,278,571 | ) |  |  | (498,999 | )
Basic and diluted net loss per Class B common stock |  |  | (0.12 | ) |  |  | (0.16 | ) |  |  | (0.28 | )
Statement of Cash Flows for the period from May 19, 2019 (inception) through December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  |  | 779,572 |  |  |  | (1,278,571 | ) |  |  | (498,999 | )
Issuance costs related to warrant liability |  |  | — |  |  |  | 319,045 |  |  |  | 319,045 |
Change in fair value of warrant liabilities |  |  | — |  |  |  | 959,526 |  |  |  | 959,526 |
|  | September 30, 2019 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Balance Sheet (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Public warrants derivative liability |  |  | — |  |  |  | 9,947,060 |  |  |  | 9,947,060 |
Private warrants derivative liability |  |  | — |  |  |  | 4,858,980 |  |  |  | 4,858,980 |
Total liabilities |  |  | 11,406,919 |  |  |  | 14,806,040 |  |  |  | 26,212,959 |
Class A common stock subject to possible redemption |  |  | 299,838,630 |  |  |  | (14,806,040 | ) |  |  | 285,032,590 |
Class A common stock |  |  | 143 |  |  |  | 148 |  |  |  | 291 |
Additional paid-in-capital |  |  | 4,860,686 |  |  |  | 6,489,173 |  |  |  | 11,349,859 |
Retained earnings (Accumulated deficit) |  |  | 138,392 |  |  |  | (6,489,321 | ) |  |  | (6,350,929 | )
Total stockholders’ equity |  |  | 5,000,006 |  |  |  | — |  |  |  | 5,000,006 |
Statement of Operations for the three months ended September 30, 2019 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  |  | — |  |  |  | (6,170,276 | ) |  |  | (6,170,276 | )
Allocated expense for warrant issuance cost |  |  | — |  |  |  | (319,045 | ) |  |  | (319,045 | )
Income (loss) before income tax expense |  |  | 388,196 |  |  |  | (6,489,321 | ) |  |  | (6,101,125 | )
Net income (loss) |  |  | 194,611 |  |  |  | (6,489,321 | ) |  |  | (6,294,710 | )
Basic and diluted net loss per Class B common stock |  |  | (0.07 | ) |  |  | (0.83 | ) |  |  | (0.90 | )
Statement of Operations for the period from May 10, 2019 (inception) through September 30, 2019 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liabilities |  |  | — |  |  |  | (6,170,276 | ) |  |  | (6,170,276 | )
Allocated expense for warrant issuance cost |  |  | — |  |  |  | (319,045 | ) |  |  | (319,045 | )
Income (loss) before income tax expense |  |  | 331,977 |  |  |  | (6,489,321 | ) |  |  | (6,157,344 | )
Net income (loss) |  |  | 138,392 |  |  |  | (6,489,321 | ) |  |  | (6,350,929 | )
Basic and diluted net loss per Class B common stock |  |  | (0.08 | ) |  |  | (0.83 | ) |  |  | (0.91 | )
Statement of Cash Flows for the period from May 10, 2019 (inception) through September 30, 2019 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  |  | 138,392 |  |  |  | (6,489,321 | ) |  |  | (6,350,929 | )
Issuance costs related to warrant liability |  |  | — |  |  |  | 319,045 |  |  |  | 319,045 |
Change in fair value of warrant liabilities |  |  | — |  |  |  | 6,170,276 |  |  |  | 6,170,276 |
|  | July 30, 2019 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Public warrants derivative liability |  |  | — |  |  |  | 5,400,000 |  |  |  | 5,400,000 |
Private warrants derivative liability |  |  | — |  |  |  | 2,880,000 |  |  |  | 2,880,000 |
Total liabilities |  |  | 11,443,548 |  |  |  | 8,280,000 |  |  |  | 19,723,548 |
Class A common stock subject to possible redemption |  |  | 285,849,880 |  |  |  | (8,280,000 | ) |  |  | 277,569,880 |
Class A common stock |  |  | 142 |  |  |  | 83 |  |  |  | 225 |
Additional paid-in-capital |  |  | 5,175,033 |  |  |  | 305,917 |  |  |  | 5,480,950 |
Accumulated deficit |  |  | (176,030 | ) |  |  | (306,000 | ) |  |  | (482,030 | )
Total stockholders’ equity |  |  | 5,000,008 |  |  |  | — |  |  |  | 5,000,008 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration