General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Shareholders??? Equity (Unaudited)

v3.21.2
Condensed Consolidated Statements of Shareholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Common Share
Preferred Shares
Additional Paid-in Capital
Retained Earnings/(Deficit)
Accumulated Deficit Other Comprehensive Income
Attributable to Non- controlling Interest
Total
Balance at Dec. 31, 2018 $ 2 $ 22,117 $ 6,407 $ 1,191 $ 12,896 $ 42,613
Balance (in Shares) at Dec. 31, 2018 19,221,609          
Retroactive application of recapitalization $ (2) 2
Retroactive application of recapitalization (in Shares) (12,901,544)          
Balance at Dec. 31, 2018 22,119 6,407 1,191 12,896 42,613
Balance (in Shares) at Dec. 31, 2018 6,320,065          
Conversion of Series C convertible debentures 22,364 22,364
Conversion of Series C convertible debentures (in Shares) 837,345          
Class C preferred stock issuance 28,824 28,824
Class C preferred stock issuance (in Shares) 1,131,824          
Stock-based compensation expense 1,522 1,522
Stock option exercise 132 132
Stock option exercise (in Shares) 14,796          
Investment in subsidiaries 1,752 (1,752)
Issuance of Rock Cliff Capital warrants 717 717
Other comprehensive income 1,191 (1,191)
Net loss (39,530) (6,450) (45,980) [1],[2]
Balance at Dec. 31, 2019 77,431 (31,933) 4,695 50,193
Balance (in Shares) at Dec. 31, 2019 8,304,030          
Balance at Dec. 31, 2019 $ 2 $ 1 77,428 (31,933) 4,695 50,193
Balance (in Shares) at Dec. 31, 2019 19,266,609 5,988,957          
Retroactive application of recapitalization $ (2) $ (1) 3  
Retroactive application of recapitalization (in Shares) (10,962,579) (5,988,957)          
Stock-based compensation expense 416   416
Net loss (9,282)   (904) (10,186)
Balance at Mar. 31, 2020 77,847 (41,215)   3,791 40,423
Balance (in Shares) at Mar. 31, 2020 8,304,030          
Balance at Dec. 31, 2019 $ 2 $ 1 77,428 (31,933) 4,695 50,193
Balance (in Shares) at Dec. 31, 2019 19,266,609 5,988,957          
Balance at Dec. 31, 2019 77,431 (31,933) 4,695 50,193
Balance (in Shares) at Dec. 31, 2019 8,304,030          
Net loss             (18,939)
Balance at Jun. 30, 2020 85,926 (49,224)   3,047 39,749
Balance (in Shares) at Jun. 30, 2020 10,132,997          
Balance at Dec. 31, 2019 $ 2 $ 1 77,428 (31,933) 4,695 50,193
Balance (in Shares) at Dec. 31, 2019 19,266,609 5,988,957          
Retroactive application of recapitalization $ (2) $ (1) 3
Retroactive application of recapitalization (in Shares) (10,962,579) (5,988,957)          
Balance at Dec. 31, 2019 77,431 (31,933) 4,695 50,193
Balance (in Shares) at Dec. 31, 2019 8,304,030          
Stock issuances, Class D preferred shares 18,087 18,087
Stock issuances, Class D preferred shares (in Shares) 2,574,374          
Stock-based compensation expense 1,652 1,652
Purchase and cancellation of stock, Class C preferred shares (6,250) (6,250)
Purchase and cancellation of stock, Class C preferred shares (in Shares) (233,788)          
Stock option exercise 20 20
Stock option exercise (in Shares) 88,707          
Issuance of common shares upon vesting of RSUs
Issuance of common shares upon vesting of RSUs (in Shares) 2,989          
Net loss (25,895) (25,895) [2],[3],[4],[5],[6]
Share exchange
Share exchange (in Shares) 717,085          
Conversion of Convertible Debentures 9,850 9,850
Conversion of Convertible Debentures (in Shares) 984,567          
Common shares issued for exercise of warrants 3 3
Common shares issued for exercise of warrants (in Shares) 300,000          
Conversion of the redeemable non-controlling interest 4,695 (4,695)
Conversion of the redeemable non-controlling interest (in Shares) 1,562,339          
Business combination and PIPE financing 47,794 47,794
Business combination and PIPE financing (in Shares) 10,582,721          
Accretion of Class D preferred shares to liquidation preference on automatic conversion 10,219 (10,219)
Reclassifications and other 763 (967) (204)
Balance at Dec. 31, 2020 [5] 164,264 (69,014) 95,250
Balance (in Shares) at Dec. 31, 2020 [5] 24,883,024          
Balance at Mar. 31, 2020 77,847 (41,215)   3,791 40,423
Balance (in Shares) at Mar. 31, 2020 8,304,030          
Stock issuances 14,021   14,021
Stock issuances (in Shares) 2,015,148          
Stock based compensation 296   296
Share repurchase (6,250)   (6,250)
Share repurchase (in Shares) (233,788)          
Stock option exercise 12   12
Stock option exercise (in Shares) 47,607          
Net loss (8,009)   (744) (8,753)
Balance at Jun. 30, 2020 85,926 (49,224)   3,047 39,749
Balance (in Shares) at Jun. 30, 2020 10,132,997          
Balance at Dec. 31, 2020 [5] 164,264 (69,014) 95,250
Balance (in Shares) at Dec. 31, 2020 [5] 24,883,024          
Stock-based compensation expense 1,550     1,550
Issuance of common shares upon vesting of RSUs    
Issuance of common shares upon vesting of RSUs (in Shares) 7,713          
Founders earnout shares vested    
Founders earnout shares vested (in Shares) 570,212          
Net loss (13,765)     (13,765)
Common shares issued for exercise of warrants 1,410     1,410
Common shares issued for exercise of warrants (in Shares) 122,639          
Balance at Mar. 31, 2021 167,224 (82,779)     84,445
Balance (in Shares) at Mar. 31, 2021 25,583,588          
Balance at Dec. 31, 2020 [5] 164,264 (69,014) 95,250
Balance (in Shares) at Dec. 31, 2020 [5] 24,883,024          
Net loss             (22,721)
Balance at Jun. 30, 2021 170,557 (91,735)     78,822
Balance (in Shares) at Jun. 30, 2021 25,629,641          
Balance at Mar. 31, 2021 167,224 (82,779)     84,445
Balance (in Shares) at Mar. 31, 2021 25,583,588          
Stock-based compensation expense 3,323     3,323
Stock option exercise 10     10
Stock option exercise (in Shares) 40,942          
Issuance of common shares upon vesting of RSUs    
Issuance of common shares upon vesting of RSUs (in Shares) 5,111          
Net loss (8,956)     (8,956)
Balance at Jun. 30, 2021 $ 170,557 $ (91,735)     $ 78,822
Balance (in Shares) at Jun. 30, 2021 25,629,641          
[1] Loss before income taxes of $45,884 plus loss from equity investment of $96.
[2] See Note 3. for information on the restatement adjustment as of December 31, 2020 and on the reclassification adjustment as of December 31, 2019.
[3] Following the SEC statement in April 2021, the Company determined that the private warrants should be classified as a liability. Refer to Note 3. for more information and the impact on the Company’s financial statements.
[4] Loss before income taxes of $25,891 plus loss from equity investment of $4.
[5] See Note 3. for information on the restatement adjustment as of December 31, 2020.
[6] See Note 3. for information on the restatement adjustment as of December 31, 2020.