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Cover Page - shares
 6 Months Ended
Jun. 30, 2022
Aug. 12, 2022
Cover    
Document Type 10-Q/A  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2022  
Document Transition Report false  
Entity File Number 001-39331  
Entity Registrant Name System1, Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 98-1531250  
Entity Address, Address Line One 4235 Redwood Avenue  
Entity Address, City or Town Marina Del Rey  
Entity Address State Or Province CA  
Entity Address, Postal Zip Code 90066  
City Area Code 310  
Local Phone Number 924-6037  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company true  
Entity Ex Transition Period false  
Entity Shell Company false  
Entity Central Index Key 0001805833  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q2  
Amendment Flag true  
Amendment Description This Amendment No. 1 on Form 10-Q/A (this “Form 10-Q/A”) amends and restates certain items as listed in "Items Amended in this Form 10-Q/A" below in the Quarterly Report on Form 10-Q/A of System1, Inc. (the “Company,” "System1," "we," "us," "our" and other similar terms) for the quarter ended June 30, 2022, including the S1 Holdco LLC ("S1 Holdco") predecessor period from January 1, 2022 to January 26, 2022, for the Successor period three months ended June 30, 2022 and the period from January 27, 2022 to June 30, 2022 presented therein, as originally filed with the Securities and Exchange Commission (“SEC”) on August 15, 2022 (the “Original Report”).Restatement BackgroundAs described in the Company’s Current Report on Form 8-K (Item 4.02) filed on March 17, 2023, on March 15, 2023, the Company’s management and the Audit Committee of the Company’s Board of Directors (the “Audit Committee”) concluded that the unaudited condensed consolidated financial statements of the Company (the "quarterly financial statements") (i) as of and for the period ended March 31, 2022 included in the Company's Form 10-Q filed with the SEC on May 19. 2022, (ii) as of and for the three and six month periods ended June 30, 2022 (“Q2 2022”) included in the Original Report and (iii) as of and for the three and nine month periods ended September 30, 2022 (“Q3 2022”) included in the Company’s Form 10-Q filed with the SEC on November 14, 2022 should no longer be relied upon due to material errors identified in such financial statements and should be restated. The errors identified by the Company relate to its accounting for (i) the valuation and purchase price allocation of assets acquired and liabilities assumed in the Company’s business combination (“Merger”) with S1 Holdco LLC and System1 SS Protect Holdings, Inc. on January 27, 2022, (ii) equity awards, including certain restricted stock awards related to the Merger, (iii) the valuation and purchase price allocation of assets acquired in the Company’s acquisition of NextGen Shopping, Inc., d/b/a CouponFollow ("CouponFollow"), and (iv) certain other errors, including errors in the Statements of Cash Flows.The nature of the errors and related restatement to correct the errors are further described in Note 1 of the "Notes to Unaudited Condensed Consolidated Financial Statements" included in Part I, Item 1. "Financial Statements (Unaudited) As Restated" of this Form 10-Q/A.Control ConsiderationsManagement concluded, with concurrence of the Audit Committee, that there were additional deficiencies in our internal control over financial reporting that constituted additional material weaknesses as of June 30, 2022. For a discussion of management's consideration of our disclosure controls and procedures and material weaknesses in internal control over financial reporting identified, see Part I, Item 4, Controls and Procedures of this Form 10-Q/A.Items Amended in this Form 10-Q/AFor the convenience of the reader, this Form 10-Q/A sets forth the Original Report, as amended, in its entirety; however, this Form 10-Q/A amends and restates the following Items of the Original Filing to the extent necessary to reflect the adjustments discussed above:•Part I, Item 1. "Financial Statements (Unaudited)" to reflect the impact of the restatement;•Part I, Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations" to reflect the impact of the restatement;•Part I, Item 4. "Controls and Procedures" to reflect the additional material weaknesses in internal control over financial reporting as of June 30, 2022;•Part II, Item 1A. "Risk Factors";•Part II, Item 3. Defaults Upon Senior Securities"; and,•Part II, Item 6. "Exhibits" to include (i) pursuant to the rules of the SEC, currently dated certifications from the Company’s Chief Executive Officer and Chief Financial Officer which are attached as Exhibits 31.1, 31.2 and 32.1 to this Form 10-Q/A and (ii) restated unaudited condensed consolidated financial statements formatted in Extensible Business Reporting Language (XBRL) in Exhibits 101 and 104.In addition, in connection with the preparation of this Form 10-Q/A, the Company has reevaluated its financial condition as of the date of filing this Form 10-Q/A. Based on this reevaluation, the Company identified matters that raised substantial doubt about its ability to continue as a going concern for the twelve-month assessment period from the date of filing this Form 10-Q/A. The assessment of going concern is further discussed in Note 1 of the “Notes to Unaudited Condensed Consolidated Financial Statements” included in Part I, Item 1. “Financial Statements (Unaudited)” of this Form 10-Q/A.Except as described above, no attempt has been made in this Form 10-Q/A to reflect events occurring subsequent to the filing of the Original Report. Among other things, risk disclosures made in the Original Report have not been amended to reflect events that occurred or facts that became known to us subsequent to the filing of the Original Report (other than the restatement). Accordingly, this Form 10-Q/A should be read in conjunction with filings made with the SEC subsequent to the filing of the Original Report, including any amendment to those filings. Restatement of Other Financial StatementsIn addition to the restated financial information for the period ended June 30, 2022 included in this Form 10-Q/A, we are also restating our interim condensed consolidated financial statements and related disclosures for the quarters ended March 31, 2022 and September 30, 2022. Concurrently with the filing of this Form 10-Q/A, we are sequentially filing with the SEC an amended Quarterly Report on Form 10-Q/A for the quarter ended March 31, 2022 followed by this Form 10-Q/A and then followed by an amended Quarterly Report on Form 10-Q/A for the quarter ended September 30, 2022 to restate for the errors described above and other identified errors impacting those periods.  
Class A Common Stock    
Cover    
Title of 12(b) Security Class A common stock, par value $0.0001 per share  
Trading Symbol SST  
Security Exchange Name NYSE  
Entity Common Stock, Shares Outstanding   90,593,904
Redeemable warrants, each whole warrant exercisable for one Class A common stock at an exercise price of $11.50 per share    
Cover    
Title of 12(b) Security Redeemable warrants, each whole warrant exercisable for one Class A common stock at an exercise price of $11.50 per share  
Trading Symbol SST.WS  
Security Exchange Name NYSE  
Class C Common Stock    
Cover    
Entity Common Stock, Shares Outstanding   22,077,319