Restatement of Previously Issued Audited and Unaudited Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Changes and Error Corrections [Abstract]

Summary of Reconcilaition of the Financial Statements for the Affected Period

The following presents a reconciliation of the consolidated balance sheets, statements of operations and cash flows for the Affected Periods.

	December 31, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Balance Sheet
Public warrants derivative liability		—			161,456,462			161,456,462
Private warrants derivative liability		—			158,469,002			158,469,002
Total liabilities		16,852,448			319,925,464			336,777,912
Class A common stock subject to possible redemption		295,489,060			(295,489,060	)		—
Class A common stock		186			2,955			3,141
Additional paid-in-capital		9,210,213			287,169,386			296,379,599
Accumulated deficit		(4,211,183	)		(311,608,745	)		(315,819,928	)
Total stockholders’ equity (deficit)		5,000,001			(24,436,404	)		(19,436,403	)
Statement of Operations for the year ended December 31, 2020
Change in fair value of warrant liabilities		—			(310,330,174	)		(310,330,174	)
Loss before income tax expense		(4,789,152	)		(310,330,174	)		(315,119,326	)
Net loss		(4,990,755	)		(310,330,174	)		(315,320,929	)
Basic and diluted net loss per Class B common stock		(0.73	)		(39.52	)		(40.25	)
Statement of Cash Flows for the year ended December 31, 2020
Net loss		(4,990,755	)		(310,330,174	)		(315,320,929	)
Change in fair value of warrant liabilities		—			310,330,174			310,330,174

	September 30, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Balance Sheet (unaudited)
Public warrants derivative liability		—			49,107,054			49,107,054
Private warrants derivative liability		—			32,522,036			32,522,036
Total liabilities		12,158,095			81,629,090			93,787,185
Class A common stock subject to possible redemption		300,029,150			(81,629,090	)		218,400,060
Class A common stock		141			816			957
Additional paid-in-capital		4,670,168			73,311,555			77,981,723
Retained earnings (Accumulated deficit)		328,914			(73,312,371	)		(72,983,457	)
Total stockholders’ equity		5,000,008			—			5,000,008
Statement of Operations for the three months ended September 30, 2020 (unaudited)
Change in fair value of warrant liabilities		—			(68,996,330	)		(68,996,330	)
Loss before income tax expense		(787,652	)		(68,996,330	)		(69,783,982	)
Net loss		(792,915	)		(68,996,330	)		(69,789,245	)
Basic and diluted net loss per Class B common stock		(0.10	)		(8.79	)		(8.89	)
Statement of Operations for the nine months ended September 30, 2020 (unaudited)
Change in fair value of warrant liabilities		—			(72,033,800	)		(72,033,800	)
Loss before income tax expense		(208,400	)		(72,033,800	)		(72,242,200	)
Net loss		(450,658	)		(72,033,800	)		(72,484,458	)
Basic and diluted net loss per Class B common stock		(0.15	)		(9.17	)		(9.32	)
Statement of Cash Flows for the nine months ended September 30, 2020 (unaudited)
Net loss		(450,658	)		(72,033,800	)		(72,484,458	)
Change in fair value of warrant liabilities		—			72,033,800			72,033,800

	June 30, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Balance Sheet (unaudited)
Public warrants derivative liability		—			8,270,721			8,270,721
Private warrants derivative liability		—			4,362,039			4,362,039
Total liabilities		11,905,001			12,632,760			24,537,761
Class A common stock subject to possible redemption		300,822,070			(12,632,760	)		288,189,310
Class A common stock		133			126			259
Additional paid-in-capital		3,877,256			4,315,915			8,193,171
Retained earnings (Accumulated deficit)		1,121,829			(4,316,041	)		(3,194,212	)
Total stockholders’ equity		5,000,003			—			5,000,003
Statement of Operations for the three months ended June 30, 2020 (unaudited)
Change in fair value of warrant liabilities		—			(2,685,170	)		(2,685,170	)
Loss before income tax expense		(96,889	)		(2,685,170	)		(2,782,059	)
Net loss		(124,174	)		(2,685,170	)		(2,809,344	)
Basic and diluted net loss per Class B common stock		(0.02	)		(0.34	)		(0.36	)
Statement of Operations for the six months ended June 30, 2020 (unaudited)
Change in fair value of warrant liabilities		—			(3,037,470	)		(3,037,470	)
Income (loss) before income tax expense		579,252			(3,037,470	)		(2,458,218	)
Net income (loss)		342,257			(3,037,470	)		(2,695,213	)
Basic and diluted net loss per Class B common stock		(0.06	)		(0.39	)		(0.45	)
Statement of Cash Flows for the six months ended June 30, 2020 (unaudited)
Net income (loss)		342,257			(3,037,470	)		(2,695,213	)
Change in fair value of warrant liabilities		—			3,037,470			3,037,470

	March 31, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Balance Sheet (unaudited)
Public warrants derivative liability		—			6,524,218			6,524,218
Private warrants derivative liability		—			3,423,372			3,423,372
Total liabilities		11,877,840			9,947,590			21,825,430
Class A common stock subject to possible redemption		300,946,240			(9,947,590	)		290,998,650
Class A common stock		132			99			231
Additional paid-in-capital		3,753,087			1,630,772			5,383,859
Retained earnings (Accumulated deficit)		1,246,003			(1,630,871	)		(384,868	)
Total stockholders’ equity		5,000,007			—			5,000,007
Statement of Operations for the three months ended March 31, 2020 (unaudited)
Change in fair value of warrant liabilities		—			(352,300	)		(352,300	)
Income before income taxes		676,141			(352,300	)		323,841
Net income		466,431			(352,300	)		114,131
Basic and diluted net loss per Class B common stock		(0.03	)		(0.04	)		(0.07	)
Statement of Cash Flows for the three months ended March 31, 2020 (unaudited)
Net income		466,431			(352,300	)		114,131
Change in fair value of warrant liabilities		—			352,300			352,300

	December 31, 2019
	As Previously Reported			Restatement Adjustment			As Restated
Balance Sheet
Public warrants derivative liability		—			6,282,349			6,282,349
Private warrants derivative liability		—			3,312,941			3,312,941
Total liabilities		11,692,080			9,595,290			21,287,370
Class A common stock subject to possible redemption		300,479,810			(9,595,290	)		290,884,520
Class A common stock		136			96			232
Additional paid-in-capital		4,219,513			1,278,475			5,497,988
Retained earnings (Accumulated deficit)		779,572			(1,278,571	)		(498,999	)
Total stockholders’ equity		5,000,006			—			5,000,006
Statement of Operations for the period from May 19, 2019 (inception) through December 31, 2019
Change in fair value of warrant liabilities		—			(959,526	)		(959,526	)
Allocated expense for warrant issuance cost		—			(319,045	)		(319,045	)
Income (loss) before income taxes		1,258,636			(1,278,571	)		(19,935	)
Net income (loss)		779,572			(1,278,571	)		(498,999	)
Basic and diluted net loss per Class B common stock		(0.12	)		(0.16	)		(0.28	)
Statement of Cash Flows for the period from May 19, 2019 (inception) through December 31, 2019
Net income (loss)		779,572			(1,278,571	)		(498,999	)
Issuance costs related to warrant liability		—			319,045			319,045
Change in fair value of warrant liabilities		—			959,526			959,526

	September 30, 2019
	As Previously Reported			Restatement Adjustment			As Restated
Balance Sheet (unaudited)
Public warrants derivative liability		—			9,947,060			9,947,060
Private warrants derivative liability		—			4,858,980			4,858,980
Total liabilities		11,406,919			14,806,040			26,212,959
Class A common stock subject to possible redemption		299,838,630			(14,806,040	)		285,032,590
Class A common stock		143			148			291
Additional paid-in-capital		4,860,686			6,489,173			11,349,859
Retained earnings (Accumulated deficit)		138,392			(6,489,321	)		(6,350,929	)
Total stockholders’ equity		5,000,006			—			5,000,006
Statement of Operations for the three months ended September 30, 2019 (unaudited)
Change in fair value of warrant liabilities		—			(6,170,276	)		(6,170,276	)
Allocated expense for warrant issuance cost		—			(319,045	)		(319,045	)
Income (loss) before income tax expense		388,196			(6,489,321	)		(6,101,125	)
Net income (loss)		194,611			(6,489,321	)		(6,294,710	)
Basic and diluted net loss per Class B common stock		(0.07	)		(0.83	)		(0.90	)
Statement of Operations for the period from May 10, 2019 (inception) through September 30, 2019 (unaudited)
Change in fair value of warrant liabilities		—			(6,170,276	)		(6,170,276	)
Allocated expense for warrant issuance cost		—			(319,045	)		(319,045	)
Income (loss) before income tax expense		331,977			(6,489,321	)		(6,157,344	)
Net income (loss)		138,392			(6,489,321	)		(6,350,929	)
Basic and diluted net loss per Class B common stock		(0.08	)		(0.83	)		(0.91	)
Statement of Cash Flows for the period from May 10, 2019 (inception) through September 30, 2019 (unaudited)
Net income (loss)		138,392			(6,489,321	)		(6,350,929	)
Issuance costs related to warrant liability		—			319,045			319,045
Change in fair value of warrant liabilities		—			6,170,276			6,170,276

	July 30, 2019
	As Previously Reported			Restatement Adjustment			As Restated
Balance Sheet
Public warrants derivative liability		—			5,400,000			5,400,000
Private warrants derivative liability		—			2,880,000			2,880,000
Total liabilities		11,443,548			8,280,000			19,723,548
Class A common stock subject to possible redemption		285,849,880			(8,280,000	)		277,569,880
Class A common stock		142			83			225
Additional paid-in-capital		5,175,033			305,917			5,480,950
Accumulated deficit		(176,030	)		(306,000	)		(482,030	)
Total stockholders’ equity		5,000,008			—			5,000,008