XML 71 R48.htm IDEA: XBRL DOCUMENT
v3.20.4

Convertible Preferred Stock (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2020 | Dec. 31, 2019
Temporary Equity Disclosure [Abstract] |  |
Summary of original issue price and liquidation value of convertible preferred stock | The original issue price and the liquidation value, as of September 30, 2020 and December 31, 2019, of each class of Preferred Stock is as follows:
|  | As of September 30, 2020 |  |  | As of December 31, 2019 |
|  | Shares Authorized |  |  | Shares Issued and Outstanding |  |  | Per share Liquidation Preference |  |  | Shares Authorized |  |  | Shares Issued and Outstanding |  |  | Per share Liquidation Preference |
Series A |  |  | 2,228,361 |  |  |  | 1,660,839 |  |  | $ | 43.30 |  |  |  | 2,228,361 |  |  |  | 1,660,839 |  |  | $ | 43.30 |
Series A-1 |  |  | 163,306 |  |  |  | 163,306 |  |  |  | 15.31 |  |  |  | 163,306 |  |  |  | 163,306 |  |  |  | 15.31 |
Series A-2 |  |  | 1,322,780 |  |  |  | 1,322,780 |  |  |  | 15.12 |  |  |  | 1,322,780 |  |  |  | 1,322,780 |  |  |  | 15.12 |
Series A-3 |  |  | 223,548 |  |  |  | 223,548 |  |  |  | 17.89 |  |  |  | 223,548 |  |  |  | 223,548 |  |  |  | 17.89 |
Series A-4 |  |  | 49,827 |  |  |  | 49,827 |  |  |  | 20.07 |  |  |  | 49,827 |  |  |  | 49,827 |  |  |  | 20.07 |
Series A-5 |  |  | 137,715 |  |  |  | 124,068 |  |  |  | 20.15 |  |  |  | 137,715 |  |  |  | 124,068 |  |  |  | 20.15 |
Series A-6 |  |  | 247,420 |  |  |  | 247,420 |  |  |  | 30.31 |  |  |  | 247,420 |  |  |  | 247,420 |  |  |  | 30.31 |
Series A-7 |  |  | 1,459,656 |  |  |  | 1,459,656 |  |  |  | 34.64 |  |  |  | 1,459,656 |  |  |  | 1,459,656 |  |  |  | 34.64 |
Series A-8 |  |  | 385,777 |  |  |  | 385,777 |  |  |  | 36.81 |  |  |  | 385,777 |  |  |  | 385,777 |  |  |  | 36.81 |
Series A-9 |  |  | 748,674 |  |  |  | 748,674 |  |  |  | 38.97 |  |  |  | 748,674 |  |  |  | 748,674 |  |  |  | 38.97 |
Series A-10 |  |  | 252,801 |  |  |  | 252,801 |  |  |  | 41.14 |  |  |  | 252,801 |  |  |  | 252,801 |  |  |  | 41.14 |
Series A-11 |  |  | 317,404 |  |  |  | 317,404 |  |  |  | 5.27 |  |  |  | 317,404 |  |  |  | 317,404 |  |  |  | 5.27 |
Series X |  |  | 1,472,905 |  |  |  | 1,251,971 |  |  |  | 135.79 |  |  |  | — |  |  |  | — |  |  |  | — |
| The original issue price and the liquidation value, as of December 31, 2019, of each class of Preferred Stock is as follows:
|  | Shares Authorized |  |  | Shares Issued and Outstanding |  |  | Per Share Liquidation Preference |
Series A |  |  | 2,228,361 |  |  |  | 1,660,839 |  |  | $ | 43.30 |
Series A-1 |  |  | 163,306 |  |  |  | 163,306 |  |  |  | 15.31 |
Series A-2 |  |  | 1,322,780 |  |  |  | 1,322,780 |  |  |  | 15.12 |
Series A-3 |  |  | 223,548 |  |  |  | 223,548 |  |  |  | 17.89 |
Series A-4 |  |  | 49,827 |  |  |  | 49,827 |  |  |  | 20.07 |
Series A-5 |  |  | 137,715 |  |  |  | 124,068 |  |  |  | 20.15 |
Series A-6 |  |  | 247,420 |  |  |  | 247,420 |  |  |  | 30.31 |
Series A-7 |  |  | 1,459,656 |  |  |  | 1,459,656 |  |  |  | 34.64 |
Series A-8 |  |  | 385,777 |  |  |  | 385,777 |  |  |  | 36.81 |
Series A-9 |  |  | 748,674 |  |  |  | 748,674 |  |  |  | 38.97 |
Series A-10 |  |  | 252,801 |  |  |  | 252,801 |  |  |  | 41.14 |
Series A-11 |  |  | 317,404 |  |  |  | 317,404 |  |  | $ | 5.27 |
|  |  | 7,537,269 |  |  |  | 6,956,100 |  |  |  |  |
Summary of conversion prices of each series of preferred stock | The applicable conversion prices of each series of preferred stock as of September 30, 2020 and December 31, 2019 are as follows:
|  | Effective Conversion Price |
Series A |  | $ | 43.30 |
Series A-1 |  |  | 15.31 |
Series A-2 |  |  | 15.12 |
Series A-3 |  |  | 17.89 |
Series A-4 |  |  | 20.07 |
Series A-5 |  |  | 20.15 |
Series A-6 |  |  | 30.31 |
Series A-7 |  |  | 34.64 |
Series A-8 |  |  | 36.81 |
Series A-9 |  |  | 38.97 |
Series A-10 |  |  | 41.14 |
Series A-11 |  |  | 24.30 |
Series X |  |  | 135.79 |
| The applicable conversion prices of each series of Preferred Stock as of December 31, 2019 are as follows:
|  | Effective conversion price |
Series A |  | $ | 43.30 |
Series A-1 |  |  | 15.31 |
Series A-2 |  |  | 15.12 |
Series A-3 |  |  | 17.89 |
Series A-4 |  |  | 20.07 |
Series A-5 |  |  | 20.15 |
Series A-6 |  |  | 30.31 |
Series A-7 |  |  | 34.64 |
Series A-8 |  |  | 36.81 |
Series A-9 |  |  | 38.97 |
Series A-10 |  |  | 41.14 |
Series A-11 |  |  | 24.30 |
Summary of Benefitial conversion Feature And Commitment Date of Preferred Stock | The following table summarizes the calculation of the BCF as of the commitment dates of the preferred stock, which continues to be presented in additional paid in capital as of September 30, 2020 and December 31, 2019:
Commitment Date |  | Series |  |  | Type of Consideration received (cash or settlement of other instruments) |  | Effective Conversion Price |  |  | Fair value of the Common Stock |  |  | Number of Shares Issuable upon Conversion |  |  | BCF |
6/24/2019 |  |  | A |  |  | Cash |  | $ | 43.30 |  |  | $ | 18.59 |  |  |  | 648,069 |  |  | $ | — |
6/24/2019 |  |  | A |  |  | Settlement of SAFEs |  |  | 43.30 |  |  |  | 18.59 |  |  |  | 75,165 |  |  |  | — |
6/24/2019 |  |  | A-1 |  |  | Settlement of SAFEs |  |  | 15.31 |  |  |  | 18.59 |  |  |  | 163,306 |  |  |  | 536,000 |
6/24/2019 |  |  | A-2 |  |  | Settlement of SAFEs |  |  | 15.12 |  |  |  | 18.59 |  |  |  | 1,322,780 |  |  |  | 4,590,000 |
6/24/2019 |  |  | A-3 |  |  | Settlement of SAFEs |  |  | 17.89 |  |  |  | 18.59 |  |  |  | 223,548 |  |  |  | 156,000 |
6/24/2019 |  |  | A-4 |  |  | Settlement of SAFEs |  |  | 20.07 |  |  |  | 18.59 |  |  |  | 49,827 |  |  |  | — |
6/24/2019 |  |  | A-5 |  |  | Settlement of SAFEs |  |  | 20.15 |  |  |  | 18.59 |  |  |  | 124,068 |  |  |  | — |
6/24/2019 |  |  | A-6 |  |  | Settlement of SAFEs |  |  | 30.31 |  |  |  | 18.59 |  |  |  | 247,420 |  |  |  | — |
6/24/2019 |  |  | A-7 |  |  | Settlement of SAFEs |  |  | 34.64 |  |  |  | 18.59 |  |  |  | 1,459,656 |  |  |  | — |
6/24/2019 |  |  | A-8 |  |  | Settlement of SAFEs |  |  | 36.81 |  |  |  | 18.59 |  |  |  | 385,777 |  |  |  | — |
6/24/2019 |  |  | A-9 |  |  | Settlement of SAFEs |  |  | 38.97 |  |  |  | 18.59 |  |  |  | 748,674 |  |  |  | — |
6/24/2019 |  |  | A-10 |  |  | Settlement of SAFEs |  |  | 41.14 |  |  |  | 18.59 |  |  |  | 252,801 |  |  |  | — |
6/24/2019 |  |  | A-11 |  |  | Settlement of Note |  |  | 24.30 |  |  |  | 18.59 |  |  |  | 317,404 |  |  |  | — |
6/26/2019 |  |  | A |  |  | Cash |  |  | 43.30 |  |  |  | 18.59 |  |  |  | 692,778 |  |  |  | — |
7/15/2019 |  |  | A |  |  | Cash |  |  | 43.30 |  |  |  | 18.59 |  |  |  | 11,546 |  |  |  | — |
8/24/2020 to 9/22/2020 |  |  | X |  |  | Cash |  |  | 135.79 |  |  |  | 140.78 |  |  |  | 1,251,971 |  |  |  | 6,247,000 |
|  |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 11,529,000 |
| The following table summarizes the calculation of the BCF as of the commitment dates of the Preferred Stock, which continues to be presented in additional paid in capital as of December 31, 2019:
Commitment Date |  | Series |  |  | Type of Consideration received (cash or settlement of other instruments) |  |  | Effective Conversion Price |  |  | Fair value of the Common Stock |  |  | Number of Shares Issuable upon Conversion |  |  | BCF |
6/24/2019 |  |  | A |  |  |  | Cash |  |  | $ | 43.30 |  |  | $ | 18.59 |  |  |  | 648,069 |  |  | $ | — |
|  | A |  |  |  | Settlement of SAFEs |  |  |  | 43.30 |  |  |  | 18.59 |  |  |  | 75,165 |  |  |  | — |
|  | A-1 |  |  |  | Settlement of SAFEs |  |  |  | 15.31 |  |  |  | 18.59 |  |  |  | 163,306 |  |  |  | 536,000 |
|  | A-2 |  |  |  | Settlement of SAFEs |  |  |  | 15.12 |  |  |  | 18.59 |  |  |  | 1,322,780 |  |  |  | 4,590,000 |
|  | A-3 |  |  |  | Settlement of SAFEs |  |  |  | 17.89 |  |  |  | 18.59 |  |  |  | 223,548 |  |  |  | 156,000 |
|  | A-4 |  |  |  | Settlement of SAFEs |  |  |  | 20.07 |  |  |  | 18.59 |  |  |  | 49,827 |  |  |  | — |
|  | A-5 |  |  |  | Settlement of SAFEs |  |  |  | 20.15 |  |  |  | 18.59 |  |  |  | 124,068 |  |  |  | — |
|  | A-6 |  |  |  | Settlement of SAFEs |  |  |  | 30.31 |  |  |  | 18.59 |  |  |  | 247,420 |  |  |  | — |
|  | A-7 |  |  |  | Settlement of SAFEs |  |  |  | 34.64 |  |  |  | 18.59 |  |  |  | 1,459,656 |  |  |  | — |
|  | A-8 |  |  |  | Settlement of SAFEs |  |  |  | 36.81 |  |  |  | 18.59 |  |  |  | 385,777 |  |  |  | — |
|  | A-9 |  |  |  | Settlement of SAFEs |  |  |  | 38.97 |  |  |  | 18.59 |  |  |  | 748,674 |  |  |  | — |
|  | A-10 |  |  |  | Settlement of SAFEs |  |  |  | 41.14 |  |  |  | 18.59 |  |  |  | 252,801 |  |  |  | — |
|  | A-11 |  |  |  | Settlement of Note |  |  |  | 24.30 |  |  |  | 18.59 |  |  |  | 317,404 |  |  |  | — |
6/26/2019 |  |  | A |  |  |  | Cash |  |  |  | 43.30 |  |  |  | 18.59 |  |  |  | 692,778 |  |  |  | — |
7/15/2019 |  |  | A |  |  |  | Cash |  |  |  | 43.30 |  |  |  | 18.59 |  |  |  | 11,546 |  |  |  | — |
7/22/2019 |  |  | A |  |  |  | Cash |  |  |  | 43.30 |  |  |  | 18.59 |  |  |  | 233,281 |  |  |  | — |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,282,000 |

X
- Definition Schedule of Beneficial conversion Feature And Commitment Date of Preferred Stock[ Table Text Block]. + References No definition available. + Details
Name: | lazr_ScheduleOfBeneficialConversionFeatureAndCommitmentDateOfPreferredStockTableTextBlock
Namespace Prefix: | lazr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of conversion prices of preferred stock[Table Text Block]. + References No definition available. + Details
Name: | lazr_ScheduleOfConversionPricesOfPreferredStockTableTextBlock
Namespace Prefix: | lazr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (27) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764 + Details
Name: | us-gaap_TemporaryEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration