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Class A Common Stock Subject to Possible Redemption (Tables) | 9 Months Ended
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Sep. 30, 2022
Temporary Equity Disclosure [Abstract] |
Summary of reconciliation of common stock subject to possible redemption |
Gross proceeds | $ | 150,000,000 |
Less: |
Amount allocated to public warrants | (5,100,000) |
Class A common stock issuance costs | (13,306,092) |
Plus: |
Accretion of carrying value to redemption value | 18,406,092 |
Class A common stock subject to possible redemption, December 31, 2021 | 150,000,000 |
Subsequent remeasurement of Class A common stock subject to possible redemption | 293,649 |
Class A common stock subject to possible redemption, September 30, 2022 | $ | 150,293,649 |
Gross proceeds from Initial Public Offering | $ | 150,000,000 |
Less: |
Fair value of Public Warrants at issuance | (5,100,000) |
Offering costs allocated to Class A common stock subject to possible redemption | (13,306,092) |
Plus: |
Accretion on Class A common stock subject to possible redemption amount | 18,406,092 |
Class A common stock subject to possible redemption | $ | 150,000,000 |
The authorized, issued and outstanding shares, issue price, and carrying value as of September 30, 2022, are as follows (in thousands, except share and per share amounts):
| Shares Authorized |  | Shares Issued and Outstanding |  | Issue Price |  | Carrying Amount
Series A | 4,666,503 |  |  | 4,666,503 |  |  | $1.75 - 3.94 |  | $ | 12,230 |
Series B | 1,733,370 |  |  | 1,733,370 |  |  | 10.38 |  | 18,000 |
Series C | 4,254,733 |  |  | 4,142,408 |  |  | 14.69 |  | 60,850 |
Series D | 10,274,260 |  |  | 10,161,362 |  |  | 19.93 |  | 188,402 |
Series E | 5,183,957 |  |  | 5,183,957 |  |  | 22.86 |  | 118,076 |
Series F | 3,634,210 |  |  | 3,634,210 |  |  | 22.86 |  | 83,073 |
| 29,747,033 |  |  | 29,521,810 |  |  |  |  | $ | 480,631 |
The authorized, issued and outstanding shares, issue price, and carrying value as of December 31, 2021 and 2020 are as follows (in thousands, except share and per share amounts):
| Year Ended December 31, 2021
| Shares Authorized |  | Shares Issued and Outstanding |  | Issue Price |  | Carrying Amount
Series A | 4,666,503 |  |  | 4,666,503 |  |  | $1.75 - 3.94 |  | $ | 12,230 |
Series B | 1,733,370 |  |  | 1,733,370 |  |  | 10.38 |  | 18,000 |
Series C | 4,254,733 |  |  | 4,142,408 |  |  | 14.69 |  | 60,850 |
Series D | 10,274,260 |  |  | 10,161,362 |  |  | 19.93 |  | 188,402 |
Series E | 5,183,957 |  |  | 5,183,957 |  |  | 22.86 |  | 118,076 |
Series F | 3,634,210 |  |  | 3,634,210 |  |  | 22.86 |  | 83,073 |
| 29,747,033 |  |  | 29,521,810 |  |  |  |  | $ | 480,631 |
| Year Ended December 31, 2020
| Shares Authorized |  | Shares Issued and Outstanding |  | Issue Price |  | Carrying Amount
Series A | 4,666,503 |  |  | 4,666,503 |  |  | $1.75 - 3.94 |  | $ | 12,230 |
Series B | 1,733,370 |  |  | 1,733,370 |  |  | 10.38 |  |  | 18,000 |
Series C | 4,254,733 |  |  | 4,142,408 |  |  | 14.69 |  |  | 60,850 |
Series D | 10,274,260 |  |  | 10,003,304 |  |  | 19.93 |  |  | 185,252 |
Series E | 5,183,957 |  |  | 5,183,957 |  |  | 22.86 |  |  | 118,076 |
| 26,112,823 |  |  | 25,729,542 |  |  |  |  | $ | 394,408 |
Redeemable convertible preferred stock issued and outstanding as of December 31, 2021 and 2020, and changes during the years ended December 31, 2021 and 2020, were as follows:
| Redeemable Convertible Preferred Stock
| Series A |  | Series B |  | Series C |  | Series D |  | Series E |  | Series F |  | Total
| Shares |  | Amount |  | Shares |  | Amount |  | Shares |  | Amount |  | Shares |  | Amount |  | Shares |  | Amount |  | Shares |  | Amount |  | Shares |  | Amount
Balance as of January 1, 2020 | 4,666,503 |  |  | $ | 12,230 |  |  | 1,733,370 |  |  | $ | 18,000 |  |  | 4,142,408 |  |  | $ | 60,850 |  |  | 10,003,304 |  |  | $ | 185,252 |  |  | 3,149,745 |  |  | $ | 71,606 |  |  | $ | — |  |  | $ | — |  |  | 23,695,330 |  |  | $ | 347,938 |
Preferred stock issuance, net of costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,034,212 |  |  | 46,470 |  |  | — |  |  | — |  |  | 2,034,212 |  |  | 46,470 |
Balance as of December 31, 2020 | 4,666,503 |  |  | 12,230 |  |  | 1,733,370 |  |  | 18,000 |  |  | 4,142,408 |  |  | 60,850 |  |  | 10,003,304 |  |  | 185,252 |  |  | 5,183,957 |  |  | 118,076 |  |  | — |  |  | — |  |  | 25,729,542 |  |  | 394,408 |
Preferred stock issuance, net of costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 158,058 |  |  | 3,150 |  |  | — |  |  | — |  |  | 3,634,210 |  |  | 83,073 |  |  | 3,792,268 |  |  | 86,223 |
Balance as of December 31, 2021 | 4,666,503 |  |  | $ | 12,230 |  |  | 1,733,370 |  |  | $ | 18,000 |  |  | 4,142,408 |  |  | $ | 60,850 |  |  | 10,161,362 |  |  | $ | 188,402 |  |  | 5,183,957 |  |  | $ | 118,076 |  |  | 3,634,210 |  |  | $ | 83,073 |  |  | 29,521,810 |  |  | $ | 480,631 |

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- 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 https://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 https://asc.fasb.org/extlink&oid=122040564&loc=d3e177068-122764 + Details
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