XML 106 R84.htm IDEA: XBRL DOCUMENT v3.21.2
Redeemable Convertible Preferred and Common Stock - Narrative (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Mar. 10, 2021
$ / shares
shares
Aug. 31, 2020
USD ($)
$ / shares
shares
Jul. 31, 2020
USD ($)
$ / shares
shares
Jul. 30, 2020
shares
May 31, 2020
USD ($)
$ / shares
shares
Apr. 30, 2020
USD ($)
$ / shares
shares
Apr. 30, 2020
USD ($)
$ / shares
shares
Dec. 31, 2017
USD ($)
$ / shares
shares
Oct. 31, 2017
USD ($)
$ / shares
shares
Jul. 31, 2016
USD ($)
$ / shares
shares
May 31, 2016
USD ($)
$ / shares
shares
Apr. 30, 2016
USD ($)
$ / shares
shares
Mar. 31, 2021
vote
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
shares
Mar. 11, 2021
$ / shares
Dec. 21, 2020
$ / shares
Class of Stock [Line Items]                                  
Common stock, par value (in dollars per share) | $ / shares                         $ 0.0001 $ 0.0001     $ 0.0001
Preferred stock, par value (in dollars per share) | $ / shares                         $ 0.0001 $ 0.0001      
Common stock, shares authorized (in shares)                         1,000,000,000 210,956,516 14,063,768    
Preferred stock, shares authorized (in shares)                         100,000,000 0      
Common stock, shares outstanding (in shares)                         161,449,205 33,327,294 7,902,406    
Warrants outstanding (in shares)                         15,999,996        
Common stock, voting rights, number of votes per share | vote                         1        
Redeemable convertible preferred stock, shares authorized (in shares)                         0 131,411,372 4,421,633    
Redeemable convertible preferred stock, issue price (in dollars per share) | $ / shares                               $ 10.00  
Proceeds from issuance of redeemable convertible preferred stock, net off issuance cost | $                           $ 41,526,000      
Net proceeds from issuance of preferred stock | $                             $ 40,498,000    
Preferred stock, conversion basis                           Shares of Series B redeemable convertible preferred stock shall automatically be converted into shares of common stock upon the earlier of (a) the closing of the sale of shares of common stock to the public at a minimum price of $1.41 per share, subject to appropriate adjustment in the event of any stock splits, stock dividends, combinations, subdivisions, recapitalizations or similar transactions with respect to common stock, in a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, resulting in at least $75.0 million of gross cash proceeds to the Company or (b)(i) upon vote or written consent of a majority of the then outstanding shares of the Series Seed redeemable convertible preferred stock, voting as a separate series on an as-converted basis or (ii) upon vote or written consent of the majority of the then outstanding shares of the Series B redeemable convertible preferred stock, voting as a separate series on an as-converted basis, respectively.      
Preferred stock, voting rights                           Holders of redeemable convertible preferred stock are entitled to vote together with the holders of common stock as a single class on all matters.      
OTI                                  
Class of Stock [Line Items]                                  
Common stock, par value (in dollars per share) | $ / shares $ 0.00001                                
Common stock, shares authorized (in shares) 210,956,516                                
Stock, shares authorized (in shares) 342,367,887                                
Authorized stock, par value (in dollars per share) | $ / shares $ 0.00001                                
Stock issued from conversion of note (in shares)                 1,253,556                
Convertible notes payable | $                 $ 4,600,000                
Investor | OTI                                  
Class of Stock [Line Items]                                  
Stock issued from conversion of note (in shares)                       44,256          
Convertible notes payable | $                       $ 45,000          
Redeemable convertible preferred stock                                  
Class of Stock [Line Items]                                  
Issuance of redeemable convertible preferred stock, net of discount and issuance cost, Shares                         4,232,947 [1] 88,434,754      
Redeemable convertible preferred stock | OTI                                  
Class of Stock [Line Items]                                  
Redeemable convertible preferred stock, shares authorized (in shares) 131,411,372                                
Series Seed Redeemable Convertible Preferred Stock [Member]                                  
Class of Stock [Line Items]                                  
Redeemable convertible preferred stock, shares authorized (in shares)                             2,068,201    
Issuance of redeemable convertible preferred stock, net of discount and issuance cost, Shares                   313,581 396,405 1,327,094          
Payment of offering costs | $                       $ 100,000          
Redeemable convertible preferred stock liquidation preference per share | $ / shares                           $ 1.45      
Convertible preferred stock, price per share | $ / shares                   $ 1.45 $ 1.45 $ 1.45          
Net proceeds from issuance of preferred stock | $                   $ 500,000 $ 600,000 $ 1,800,000          
Convertible preferred stock shares were converted to shares of the Company's common stock           2,068,201                      
Dividends on preferred stock per share | $ / shares                           0.0870      
Convertible preferred stock conversion price per share | $ / shares                           1.45      
Series Seed Redeemable Convertible Preferred Stock [Member] | OTI                                  
Class of Stock [Line Items]                                  
Issuance of redeemable convertible preferred stock, net of discount and issuance cost, Shares                   445,942 563,725 1,887,253          
Redeemable convertible preferred stock, issue price (in dollars per share) | $ / shares                   $ 1.02 $ 1.02 $ 1.02          
Proceeds from issuance of redeemable convertible preferred stock, net off issuance cost | $                   $ 500,000 $ 600,000 $ 1,800,000          
Payment of offering costs | $                       $ 100,000          
Stock issued during period, conversion of convertible securities (in shares)             2,941,176                    
Redeemable convertible preferred stock dividends (in dollars per share) | $ / shares $ 0.0612                                
Redeemable convertible preferred stock liquidation preference per share | $ / shares 1.02                                
Convertible preferred stock, conversion price (in dollars per share) | $ / shares 1.02                                
Series A Redeemable Convertible Preferred Stock [Member]                                  
Class of Stock [Line Items]                                  
Redeemable convertible preferred stock, shares authorized (in shares)                             2,353,432    
Issuance of redeemable convertible preferred stock, net of discount and issuance cost, Shares               503,280 931,381                
Payment of offering costs | $                 $ 200,000                
Redeemable convertible preferred stock liquidation preference per share | $ / shares                           16.14      
Convertible preferred stock, price per share | $ / shares               $ 16.09 $ 16.09                
Net proceeds from issuance of preferred stock | $               $ 8,100,000 $ 14,800,000                
Convertible preferred stock shares were converted to shares of the Company's common stock           2,316,147                      
Dividends on preferred stock per share | $ / shares                           0.9655      
Convertible preferred stock conversion price per share | $ / shares                           $ 16.14      
Series A Redeemable Convertible Preferred Stock [Member] | OTI                                  
Class of Stock [Line Items]                                  
Issuance of redeemable convertible preferred stock, net of discount and issuance cost, Shares               715,712 1,324,511                
Redeemable convertible preferred stock, issue price (in dollars per share) | $ / shares               $ 11.3158 $ 11.3158                
Proceeds from issuance of redeemable convertible preferred stock, net off issuance cost | $               $ 8,100,000 $ 14,800,000                
Payment of offering costs | $                 $ 200,000                
Stock issued during period, conversion of convertible securities (in shares)             3,293,779                    
Redeemable convertible preferred stock dividends (in dollars per share) | $ / shares 0.6789                                
Redeemable convertible preferred stock liquidation preference per share | $ / shares 11.3518                                
Convertible preferred stock, conversion price (in dollars per share) | $ / shares 11.3518                                
Series B Redeemable Convertible Preferred Stock [Member]                                  
Class of Stock [Line Items]                                  
Redeemable convertible preferred stock, shares authorized (in shares)                           131,411,372      
Issuance of redeemable convertible preferred stock, net of discount and issuance cost, Shares   17,781,234 26,700,658   12,179,245 31,773,617                      
Redeemable convertible preferred stock liquidation preference per share | $ / shares                           $ 0.47      
Convertible preferred stock, price per share | $ / shares   $ 0.47 $ 0.47   $ 0.47 $ 0.47 $ 0.47                    
Net proceeds from issuance of preferred stock | $   $ 8,400,000 $ 12,500,000   $ 5,800,000 $ 15,100,000                      
Dividends on preferred stock per share | $ / shares                           0.0284      
Convertible preferred stock conversion price per share | $ / shares                           $ 0.47      
Series B Redeemable Convertible Preferred Stock [Member] | OTI                                  
Class of Stock [Line Items]                                  
Redeemable convertible preferred stock, shares authorized (in shares)                           131,411,372      
Issuance of redeemable convertible preferred stock, net of discount and issuance cost, Shares   25,286,587   37,970,846 17,320,031   45,185,071                    
Redeemable convertible preferred stock, issue price (in dollars per share) | $ / shares   $ 0.3323 $ 0.3323   $ 0.3323 $ 0.3323 $ 0.3323             $ 0.33      
Proceeds from issuance of redeemable convertible preferred stock, net off issuance cost | $   $ 8,400,000 $ 12,500,000   $ 5,800,000   $ 15,100,000                    
Payment of offering costs | $   100,000 100,000   100,000   $ 100,000                    
Redeemable convertible preferred stock dividends (in dollars per share) | $ / shares 0.019938                                
Redeemable convertible preferred stock liquidation preference per share | $ / shares 0.3323                                
Convertible preferred stock, conversion price (in dollars per share) | $ / shares $ 0.3323                                
Amendment [Member]                                  
Class of Stock [Line Items]                                  
Common stock, par value (in dollars per share) | $ / shares                           $ 0.00001      
Common stock, shares authorized (in shares)                           210,956,516      
Redeemable convertible preferred stock, shares authorized (in shares)                           131,411,372      
Amended, authorizes share to issue                           342,367,887      
Common stock, voting rights                           The holder of each share of common stock is entitled to one vote. The holders of outstanding common stock are entitled to elect four directors.      
SeriesA Preferred Stock Upon Conversion Multiple Notes [Member]                                  
Class of Stock [Line Items]                                  
Issuance of redeemable convertible preferred stock, net of discount and issuance cost, Shares                 881,486                
Conversion of a note having a balance of principal and interest | $                 $ 4,600,000                
Maximum [Member] | Series B Redeemable Convertible Preferred Stock [Member]                                  
Class of Stock [Line Items]                                  
Payment of offering costs | $   $ 100,000 $ 100,000   $ 100,000 $ 100,000                      
Minimum [Member] | Series B Redeemable Convertible Preferred Stock [Member]                                  
Class of Stock [Line Items]                                  
The holders of the Series Seed redeemable convertible preferred stock entitled to elect two directors                           7,500,000      
Investors [Member] | Series Seed Redeemable Convertible Preferred Stock [Member]                                  
Class of Stock [Line Items]                                  
Issuance of redeemable convertible preferred stock, net of discount and issuance cost, Shares                       31,120          
Conversion of a note having a balance of principal and interest | $                       $ 45,000          
[1] The shares of the Company’s common and redeemable convertible preferred stock, prior to the Merger (as defined in Note 1), have been retroactively restated as shares reflecting the exchange ratio of approximately 0.703 established in the Merger as described in Note 1.