Significant Accounting Policies (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

Reconciliation of Numerator and Denominator Used to Compute Basic and Diluted Net Income/(loss) Per Share

The following table sets forth the computation of basic and diluted loss for the nine months (in thousands, except for share and per share amounts):


	Nine Months ended September 30,
	2020			2019

Numerator:
Net loss	$	(72,227	)	$	(76,774	)
Deemed dividend attributable to BCF		(6,247	)		(5,282	)

Net loss attributable to common shareholders	$	(78,474	)	$	(82,056	)


Denominator:
Weighted average Common shares outstanding- Basic		9,510,996			8,676,669

Dilutive effect of potential common shares		—			—

Weighted average Common shares outstanding- Diluted		9,510,996			8,676,669

Net loss per shares attributable to Common shareholders-Basic and Diluted	$	(8.25	)	$	(9.46	)

The following table sets forth the computation of basic and diluted loss (in thousands, except for share and per share amounts):


	As of December 31,
	2019			2018
Numerator:
Net loss	$	(94,718	)	$	(79,550	)
Deemed dividend attributable to BCF accretion		(5,282	)		—

Net loss attributable to common shareholders		(100,000	)		(79,550	)

Denominator:
Weighted average Common shares outstanding- Basic		8,718,104			6,631,873
Dilutive effect of potential common shares		—			—

Weighted average Common shares outstanding- Diluted		8,718,104			6,631,873

Net loss per shares attributable to Common shareholders- Basic and Diluted	$	(11.47	)	$	(12.00	)

Gores Metropoulos, Inc.

Reconciliation of Numerator and Denominator Used to Compute Basic and Diluted Net Income/(loss) Per Share

The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income/(loss) per share for each class of common stock:


	For the Three Months Ended September 30, 2020						For the Three Months Ended September 30, 2019					For the Nine Months Ended September 30, 2020						For the Nine Months Ended September 30, 2019
	Class A			Class F			Class A		Class F			Class A			Class F			Class A		Class F
Basic and diluted net income/(loss) per share:
Numerator:
Allocation of net income/(loss)	$	(3,215,855	)	$	(810,560	)	$	1,627,320	$	(120,503	)	$	(2,433,543	)	$	(944,914	)	$	4,654,530	$	(392,887	)

Denominator:
Weighted-average shares outstanding		40,000,000			10,000,000			40,000,000		10,000,000			40,000,000			10,000,000			34,872,000		10,217,500
Basic and diluted net income/(loss) per share	$	(0.08	)	$	(0.08	)	$	0.04	$	(0.01	)	$	(0.06	)	$	(0.09	)	$	0.13	$	(0.04	)

The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income/(loss) per share for each class of common stock:


	Year Ended December 31, 2019					For the Period from August 28, 2018 (inception) to December 31, 2018
	Class A		Class F			Class A		Class F
Basic and diluted net income/(loss) per share:
Numerator:
Allocation of net income/(loss)	$	5,938,019	$	(492,843	)	$	—	$	(21,985	)

Denominator:
Weighted-average shares outstanding		36,164,000		10,162,656			—		10,781,250
Basic and diluted net income/(loss) per share	$	0.16	$	(0.05	)	$	—	$	(0.00	)