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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Schedule of basic and diluted loss per common share

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

 

     For the Three
Months ended
March 31,
2021		  

Common stock subject to possible redemption

   

Numerator: Earnings allocable to Common stock subject to possible redemption

   

Interest earned on marketable securities held in Trust Account

    $ 72,209  

Unrealized gain on marketable securities held in Trust Account

      878  

Less: Company’s portion available to pay taxes

      (42,400 ) 
  

 

 

  

Net Income allocable to shares subject to redemption

    $ 30,687  
  

 

 

  

Denominator: Weighted Average Class A common stock subject to possible redemption

   

Basic and diluted weighted average shares outstanding

      46,000,000  
  

 

 

  

Basic and diluted net income per share

    $ 0.00  
  

 

 

  

Non-Redeemable Common Stock

   

Numerator: Net income minus Net Earnings

   

Net income

    $ 13,637,202  

Less: Net income allocable to Class A common stock subject to possible redemption

      (30,687 ) 
  

 

 

  

Non-Redeemable Net Income

    $ 13,606,515  
  

 

 

  

Denominator: Weighted Average Non-Redeemable Common Stock

   

Basic and diluted weighted average shares outstanding

      11,500,000  
  

 

 

  

Basic and diluted net income per share

    $ 1.18  
  

 

 

  

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

 

    

For the Period

from July

8, 2020

(Inception)

through

December 31,

2020

  

Common stock subject to possible redemption

   

Numerator: Earnings allocable to Common stock subject to possible redemption

   

Interest earned on marketable securities held in Trust Account

    $ 73,770  

Unrealized gain on marketable securities held in Trust Account

      6,617  

Less: Company’s portion available to pay taxes

      (79,207 ) 
  

 

 

  

Net Income allocable to shares subject to redemption

    $ 1,180  
  

 

 

  

Denominator: Weighted Average Class A common stock subject to possible redemption

   

Basic and diluted weighted average shares outstanding

      41,438,497  
  

 

 

  

Basic and diluted net income per share

    $ 0.00  
  

 

 

  

Non-Redeemable Common Stock

   

Numerator: Net Loss minus Net Earnings

   

Net loss

    $ (38,913,797 ) 

Less: Net income allocable to Class A common stock subject to possible redemption

      (1,180 ) 
  

 

 

  

Non-Redeemable Net Loss

    $ (38,914,977 ) 
  

 

 

  

Denominator: Weighted Average Non-Redeemable Common Stock

   

Basic and diluted weighted average shares outstanding

      13,388,418  
  

 

 

  

Basic and diluted net loss per share

    $ (2.91 ) 
  

 

 

  
LCP Edge Intermediate, Inc. [Member]    
Schedule of basic and diluted loss per common share

The following table sets forth the calculation of both basic and diluted net loss per share as follows for the periods indicated (in thousands, except share and per share amounts):

 

     Three Months Ended  
     March 31, 2021      March 31, 2020  

Basic and Diluted Net loss per share:

      

Net loss

    $ (3,274 )     $ (9,070 ) 

Less: Cumulative preferred dividends

      (201 )       (188 ) 
  

 

 

     

 

 

  

Net loss attributable to common shareholders

    $ (3,475 )     $ (9,258 ) 
  

 

 

     

 

 

  

Shares used in computation:

      

Weighted-average common shares outstanding

      54,358        49,205  
  

 

 

     

 

 

  

Basic and Diluted Net loss per share:

    $ (63.92 )     $ (188.17 ) 
  

 

 

     

 

 

  

The following table sets forth the calculation of both basic and diluted net loss per share as follows:

 

(in thousands, except share and per share amounts)    2020      2019      2018  

Basic and Diluted Net loss per share:

         

Net loss

    $ (29,175 )     $ (1,638 )     $ (317 ) 

Less: Distributions to preferred stockholders

      —          —          (85,021 ) 

Less: Cumulative preferred dividends

      (740 )       (721 )       (5,591 ) 
  

 

 

     

 

 

     

 

 

  

Net loss attributable to common shareholders

    $ (29,915 )     $ (2,359 )     $ (90,929 ) 
  

 

 

     

 

 

     

 

 

  

Shares used in computation:

         

Weighted-average common shares outstanding

      52,494        49,205        49,151  
  

 

 

     

 

 

     

 

 

  

Basic and Diluted Net loss per share:

    $ (569.87 )     $ (47.94 )     $ (1,849.99 ) 
  

 

 

     

 

 

     

 

 

  
Schedule of Change in the Allowance for Doubtful Accounts  

The following table presents the change in the allowance for doubtful accounts (in thousands):

 

     2020      2019  

Allowance for doubtful accounts, beginning balance

    $ 732      $ 188  

Provision for doubtful account

      1,442        659  

Amounts written off

      (142 )       (115 ) 
  

 

 

     

 

 

  

Allowance for doubtful accounts, ending balance

    $ 2,032      $ 732