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Description of Business and Summary of Significant Accounting Policies (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Description of Business and Summary of Significant Accounting Policies    
Schedule of cash, cash equivalents and restricted cash

 

 

 

 

 

 

 

 

    

March 31, 2021

    

December 31, 2020

Cash and cash equivalents

 

$

222,948

 

$

196,046

Restricted cash - current

 

 

10,435

 

 

11,407

Cash, cash equivalents and restricted cash

 

$

233,383

 

$

207,453

 

 

 

 

 

 

 

 

 

    

December 31, 2020

    

December 31, 2019

Cash and cash equivalents

 

$

196,046

 

$

4,179

Restricted cash - current

 

 

11,407

 

 

 —

Restricted cash - non-current

 

 

 —

 

 

3,000

Cash, cash equivalents and restricted cash

 

$

207,453

 

$

7,179

 

Schedule of components of other income (expense), net

 

 

 

 

 

 

 

 

    

2021

    

2020

Loss on remeasurement of debt (Note 3)

 

 

 —

 

 

(454)

Loss on remeasurement of legacy preferred stock warrant liability

 

 

 —

 

 

(1,079)

Loss on extinguishment of debt, net

 

 

 —

 

 

(247)

Other, net

 

 

83

 

 

(94)

 

 

$

83

 

$

(1,874)

 

 

 

 

 

 

 

 

 

    

2020

    

 

 

 

 

(as restated)

 

2019

Gain on remeasurement of private warrant liability (Note 3)

 

$

2,427

 

$

 —

Loss on remeasurement of Legacy Porch warrants (Note 3)

 

 

(2,584)

 

 

(2,090)

Transaction costs - recapitalization

 

 

(3,974)

 

 

 —

Gain (loss) on extinguishment of debt, net  (Note 6)

 

 

5,748

 

 

(483)

Loss on remeasurement of debt (Note 3)

 

 

(895)

 

 

(6,159)

Gain on settlement of accounts payable

 

 

796

 

 

735

Other, net

 

 

(274)

 

 

30

 

 

$

1,244

 

$

(7,967)

 

Schedule of property plant and equipment useful lives  

 

 

 

 

    

Estimated Useful Lives

Software and computer equipment

 

3 years

Furniture, office equipment and other

 

3 – 5 years

Internally developed software

 

2 years

Leasehold improvements

 

Shorter of useful life or remaining lease term