XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.23.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Accounting Policies [Abstract] |
Summary of Table Illustrates the Level of Concentration as a Percentage of Total Revenues | The following table illustrates the level of concentration as a percentage of total revenues:
| Successor |  |  | Predecessor |  | Successor |  |  | Predecessor
| Three Months Ended June 30, 2022 |  |  | Three Months Ended June 30, 2021 |  | Period from January 27, 2022 through June 30, 2022 |  |  | Period from January 1, 2022 through January 26, 2022 |  | Six Months Ended June 30, 2021
Google | 69 | % |  |  | 84 | % |  | 71 | % |  |  | 88 | % |  | 83 | %
Microsoft | 3 | % |  |  | 5 | % |  | 3 | % |  |  | 4 | % |  | 5 | %
Schedule of Estimated Useful Lives of Property and Equipment | The estimated useful lives of the Company’s property and equipment for purposes of computing depreciation are as follows:
| (Years)
Computer equipment | 3
Office equipment | 3
Software | 4
Furniture, fixtures and equipment | 3 | - | 7
Motor vehicles | 4
Leasehold improvements | Shorter of the remaining lease term or estimated useful life for leasehold improvements.
Property and equipment, net as of June 30, 2022 (Successor) and December 31, 2021 (Predecessor), consisted of the following:
| Successor |  |  | Predecessor
| June 30, 2022 |  |  | December 31, 2021
Computer equipment | $ | 604 |  |  |  | $ | 415 |
Motor vehicles | 234 |  |  |  | — |
Furniture and equipment | 918 |  |  |  | 475 |
Leasehold improvements | 2,833 |  |  |  | 976 |
Property and equipment—gross | 4,589 |  |  |  | 1,866 |
Less accumulated depreciation | (259) |  |  |  | (1,036) |
Property and equipment—net | $ | 4,330 |  |  |  | $ | 830 |
Total depreciation expense on property and equipment were as follows:
| Successor |  |  | Predecessor |  | Successor |  |  | Predecessor
| Three Months Ended June 30, 2022 |  |  | Three Months Ended June 30, 2021 |  | Period from January 27, 2022 through June 30, 2022 |  |  | Period from January 1, 2022 through January 26, 2022 |  | Six Months Ended June 30, 2021
Depreciation expense | $ | 149 |  |  | $ | 89 |  | $ | 268 |  |  | $ | 16 |  | $ | 170
Schedule of Finite-Lived Intangible Assets | The estimated useful lives of the Company’s intangible assets are as follows:
| Useful Life
| (Years)
Developed technology | 4
Customer relationships | 3 | - | 5
Trademarks and trade names | 10
Other intangibles | 4
Internal-use software development costs and intangible assets consisted of the following:
| June 30, 2022 (Successor)
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Total internal-use software development costs | $ | 3,985 |  |  | $ | (375) |  |  | $ | 3,610 |
Intangibles: |  |  |  |  |
Developed technology | $ | 196,000 |  |  | $ | (20,822) |  |  | $ | 175,178 |
Trademarks and trade names | 287,852 |  |  | (11,803) |  |  | 276,049 |
Software | 5,100 |  |  | (428) |  |  | 4,672 |
Customer relationships | 121,000 |  |  | (20,558) |  |  | 100,442 |
Total intangible costs | $ | 609,952 |  |  | $ | (53,611) |  |  | $ | 556,341 |
| December 31, 2021 (Predecessor)
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Total internal-use software development costs | $ | 21,274 |  |  | $ | (10,061) |  |  | $ | 11,213 |
Intangibles: |  |  |  |  |
Developed technology | $ | 8,398 |  |  | $ | (7,242) |  |  | $ | 1,156 |
Trademarks and trade names | 69,007 |  |  | (21,375) |  |  | 47,632 |
Professional service agreement | 3,100 |  |  | (2,359) |  |  | 741 |
Customer relationships | 1,500 |  |  | (661) |  |  | 839 |
Total intangible costs | $ | 82,005 |  |  | $ | (31,637) |  |  | $ | 50,368 |
Amortization expense for internal-use software development costs and intangible assets were as follows:
| Successor |  |  | Predecessor |  | Successor |  |  | Predecessor
| Three Months Ended June 30, 2022 |  |  | Three Months Ended June 30, 2021 |  | Period from January 27, 2022 through June 30, 2022 |  |  | Period from January 1, 2022 through January 26, 2022 |  | Six Months Ended June 30, 2021
Amortization expense for internal-use software development | $ | 78 |  |  | $ | 921 |  | $ | 143 |  |  | $ | 355 |  | $ | 2,245
Amortization expense for intangible assets | $ | 31,867 |  |  | $ | 2,102 |  | $ | 53,611 |  |  | $ | 629 |  | $ | 4,386
Schedule of Ownership Interest by Other Entities | The following table summarizes the ownership interest in S1 Holdco as of June 30, 2022 (Successor).
| Units (in thousands) |  | Ownership %
Class A units of S1 Holdco | 90,587 |  |  | 80 | %
Class B units of S1 Holdco | 22,077 |  |  | 20 | %

X
- Definition Schedule of Ownership Interest by Other Entities In The Company + References No definition available. + Details
Name: | sst_ScheduleOfOwnershipInterestByOtherEntitiesInTheCompanyTableTextBlock
Namespace Prefix: | sst_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of all significant concentrations of risk, including credit risk and market risk, arising from all financial instruments (as defined), whether from an individual counterparty or groups of counterparties. The disclosure concerning concentrations of risk may consist of the following information: (1) for concentrations of credit risk disclosure may include: (a) information about the (shared) activity, region, or economic characteristic that identifies the concentration, (b) the maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the entity would incur if parties to the financial instruments that make up the concentration failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the entity, (c) the policy of requiring collateral or other security to support financial instruments subject to credit risk, information about the entity's access to that collateral or other security, and the nature and a brief description of the collateral or other security supporting those financial instruments, and (d) the policy of entering into master netting arrangements to mitigate the credit risk of financial instruments, information about the arrangements for which the entity is a party, and a brief description of the terms of those arrangements, including the extent to which they would reduce the entity's maximum amount of loss due to credit risk and (2) for disclosure of quantitative information about the market risks of financial instruments that is consistent with the way the company manages or adjusts those risks, disclosure may include: (a) more details about current positions and perhaps activity during the period, (b) the hypothetical effects on comprehensive income (or net assets), or annual income, of several possible changes in market prices, (c) a gap analysis of interest rate re-pricing or maturity dates, (d) the duration of the financial instruments, (e) the entity's value at risk from derivatives and from other positions at the end of the reporting period and the average value at risk during the year, or (f) other ways of reporting quantitative information as internally developed. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13572-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13531-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 23 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13587-108611 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13537-108611 + Details
Name: | us-gaap_FairValueConcentrationOfRiskTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration