XML 66 R55.htm IDEA: XBRL DOCUMENT v3.21.2
CONVERTIBLE PREFERRED STOCK AND EQUITY - Preferred Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     63,877,518      
Redeemable convertible preferred stock, outstanding (in shares) 0 63,756,000 63,756,438 63,756,000 63,756,000 61,288,000
Redeemable convertible preferred stock, issued (in shares)     63,756,438      
Redeemable convertible preferred stock $ 0 [1] $ 160,605 $ 160,605 [1] $ 160,605 $ 160,605 $ 150,305
Redeemable convertible preferred stock, liquidation preference     $ 165,562      
Legacy Latch            
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     71,204,000      
Redeemable convertible preferred stock, outstanding (in shares)     71,069,000      
Redeemable convertible preferred stock, issued (in shares)     71,069,000      
Redeemable convertible preferred stock     $ 160,605      
Redeemable convertible preferred stock, liquidation preference     $ 165,562      
Series Seed | Legacy Latch            
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     3,971,000      
Redeemable convertible preferred stock, outstanding (in shares)     3,971,000      
Redeemable convertible preferred stock, issued (in shares)     3,971,000      
Issuance price per share (in dollars per share)     $ 0.60      
Redeemable convertible preferred stock     $ 1,768      
Redeemable convertible preferred stock, liquidation preference     $ 4,978      
Series Seed | Legacy Latch            
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     4,000,000      
Redeemable convertible preferred stock, outstanding (in shares)     4,000,000      
Redeemable convertible preferred stock, issued (in shares)     4,000,000      
Issuance price per share (in dollars per share)     $ 0.63      
Redeemable convertible preferred stock     $ 2,479      
Redeemable convertible preferred stock, liquidation preference     $ 5,101      
Series A | Legacy Latch            
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     15,231,000      
Redeemable convertible preferred stock, outstanding (in shares)     15,231,000      
Redeemable convertible preferred stock, issued (in shares)     15,231,000      
Issuance price per share (in dollars per share)     $ 0.75      
Redeemable convertible preferred stock     $ 11,110      
Redeemable convertible preferred stock, liquidation preference     $ 11,367      
Series A-1 | Legacy Latch            
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     8,464,000      
Redeemable convertible preferred stock, outstanding (in shares)     8,464,000      
Redeemable convertible preferred stock, issued (in shares)     8,464,000      
Issuance price per share (in dollars per share)     $ 1.18      
Redeemable convertible preferred stock     $ 9,737      
Redeemable convertible preferred stock, liquidation preference     $ 10,000      
Series B | Legacy Latch            
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     15,983,000      
Redeemable convertible preferred stock, outstanding (in shares)     15,983,000      
Redeemable convertible preferred stock, issued (in shares)     15,983,000      
Issuance price per share (in dollars per share)     $ 3.13      
Redeemable convertible preferred stock     $ 50,000      
Redeemable convertible preferred stock, liquidation preference     $ 50,000      
Series B - 2019 Convertible Notes conversion at 10% discount | Legacy Latch            
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     2,753,000      
Redeemable convertible preferred stock, outstanding (in shares)     2,753,000      
Redeemable convertible preferred stock, issued (in shares)     2,753,000      
Issuance price per share (in dollars per share)     $ 2.82      
Redeemable convertible preferred stock     $ 8,601      
Redeemable convertible preferred stock, liquidation preference     $ 7,752      
Series B-1 | Legacy Latch            
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     18,112,000      
Redeemable convertible preferred stock, outstanding (in shares)     17,977,000      
Redeemable convertible preferred stock, issued (in shares)     17,977,000      
Issuance price per share (in dollars per share)     $ 3.74      
Redeemable convertible preferred stock     $ 66,842      
Redeemable convertible preferred stock, liquidation preference     $ 67,300      
Series B-2 | Legacy Latch            
Class of Stock [Line Items]            
Redeemable convertible preferred stock, authorized (in shares)     2,690,000      
Redeemable convertible preferred stock, outstanding (in shares)     2,690,000      
Redeemable convertible preferred stock, issued (in shares)     2,690,000      
Issuance price per share (in dollars per share)     $ 3.37      
Redeemable convertible preferred stock     $ 10,068      
Redeemable convertible preferred stock, liquidation preference     $ 9,064      
[1] Shares outstanding for all periods reflect the adjustment for the Exchange Ratio as a result of the Business Combination. Shares issued and outstanding as of June 30, 2021 excludes 738,000 shares subject to vesting requirements. See Note 1, Description of Business.