XML 18 R5.htm IDEA: XBRL DOCUMENT v3.21.4
Condensed Consolidated Statements of Convertible Preferred Stock and Shareholders’ Deficit (Unaudited) - USD ($)
Class B
Common Stock
Athena Technology Acquisition Corp
Class A
Common Stock
Athena Technology Acquisition Corp
Convertible
Preferred Stock
Common Stock
Additional Paid-in Capital
Athena Technology Acquisition Corp
Additional Paid-in Capital
Accumulated Deficit
Athena Technology Acquisition Corp
Accumulated Deficit
Special Stock
Accumulated Other Comprehensive Income
Athena Technology Acquisition Corp
Total
Balance at beginning at Dec. 31, 2018     $ 21,004,038 $ 3,495   $ 658,121   $ (14,404,649)     $ (13,743,033)
Balance at beginning (in Shares) at Dec. 31, 2018     39,219,813 3,494,744         1      
Net income (loss)               (7,329,896)       (7,329,896)
Issuance of preferred shares, net of issuance costs     $ 14,686,701        
Issuance of preferred shares, net of issuance costs (in Shares)     11,368,817              
Share-based compensation       269,918       269,918
Shares issued for stock options exercised     $ 372   67,466       67,838
Shares issued for stock options exercised (in Shares)     372,392              
Balance at ending at Dec. 31, 2019     $ 35,690,739 $ 3,867   995,505   (21,734,545)     (20,735,173)
Balance at ending (in Shares) at Dec. 31, 2019     50,588,630 3,867,136         1      
Net income (loss)               (1,273,000)       (1,273,000)
Issuance of preferred shares, net of issuance costs     $ 9,281,000        
Issuance of preferred shares, net of issuance costs (in Shares)     7,192,517              
Share-based compensation       76,000       76,000
Shares issued for stock options exercised       11,000       11,000
Shares issued for stock options exercised (in Shares)     65,051              
Balance at ending at Mar. 31, 2020     $ 44,972,000 $ 4,000   1,083,000   (23,008,000)     (21,921,000)
Balance at ending (in Shares) at Mar. 31, 2020     57,781,147 3,932,187         1      
Balance at beginning at Dec. 31, 2019     $ 35,690,739 $ 3,867   995,505   (21,734,545)     (20,735,173)
Balance at beginning (in Shares) at Dec. 31, 2019     50,588,630 3,867,136         1      
Net income (loss)               (7,437,340)       (7,437,340)
Special Stock conversion            
Special Stock conversion (in Shares)     1         (1)      
Issuance of preferred shares, net of issuance costs     $ 10,241,714        
Issuance of preferred shares, net of issuance costs (in Shares)     7,965,906              
Share-based compensation       278,202       278,202
Shares issued for stock options exercised     $ 186   32,550       32,736
Shares issued for stock options exercised (in Shares)     186,352              
Balance at ending at Dec. 31, 2020 $ 982   $ 45,932,453 $ 4,053 $ 24,018 1,306,257 $ (761) (29,171,885)   $ 24,239 (27,861,575)
Balance at ending (in Shares) at Dec. 31, 2020 9,816,667 [1]   58,554,536 4,053,489                
Balance at beginning at Mar. 31, 2020     $ 44,972,000 $ 4,000   1,083,000   (23,008,000)     (21,921,000)
Balance at beginning (in Shares) at Mar. 31, 2020     57,781,147 3,932,187         1      
Net income (loss)               (1,447,000)       (1,447,000)
Issuance of preferred shares, net of issuance costs     $ 960,000        
Issuance of preferred shares, net of issuance costs (in Shares)     773,389              
Share-based compensation       75,000       75,000
Shares issued for stock options exercised         11,000         11,000
Shares issued for stock options exercised (in Shares)       65,051                
Balance at ending at Jun. 30, 2020     $ 45,932,000 $ 4,000   1,169,000   (24,455,000)     (23,282,000)
Balance at ending (in Shares) at Jun. 30, 2020     58,554,536 3,997,238         1      
Net income (loss)               (1,667,000)       (1,667,000)
Share-based compensation         57,000         57,000
Balance at ending at Sep. 30, 2020     $ 45,932,000 $ 4,000   1,226,000   (26,122,000)     (24,892,000)
Balance at ending (in Shares) at Sep. 30, 2020     58,554,536 3,997,238         1      
Balance at beginning at Dec. 08, 2020                
Balance at beginning (in Shares) at Dec. 08, 2020 [1]                      
Class B common stock issued to Sponsor $ 982       24,018         25,000  
Class B common stock issued to Sponsor (in Shares) [1] 9,816,667                      
Net income (loss)             (761)       (761)  
Balance at ending at Dec. 31, 2020 $ 982   $ 45,932,453 $ 4,053 24,018 1,306,257 (761) (29,171,885)   24,239 (27,861,575)
Balance at ending (in Shares) at Dec. 31, 2020 9,816,667 [1]   58,554,536 4,053,489                
Sale of 25,000,000 Units, net of underwriting discount, offering expenses and fair value of public warrants $ 2,500     226,381,992         226,384,492  
Sale of 25,000,000 Units, net of underwriting discount, offering expenses and fair value of public warrants (in Shares) 25,000,000                    
Sale of 700,000 Private Placement Units, net of fair value of private warrants $ 70     6,720,513         6,720,583  
Sale of 700,000 Private Placement Units, net of fair value of private warrants (in Shares) 700,000                    
Net income (loss)             (767,176) (4,056,000)     (767,176) (4,056,000)
Other comprehensive loss           (12,000)   (12,000)
Share-based compensation       211,000       211,000
Shares issued for stock options exercised     $ 1,000   213,000       214,000
Shares issued for stock options exercised (in Shares)       1,079,591                
Shares issued for stock warrants exercised       30,000       30,000
Shares issued for stock warrants exercised (in Shares)       99,000                
Common stock subject to possible redemption $ (2,500)     (233,126,523)   (16,870,977)       (250,000,000)  
Common stock subject to possible redemption (in Shares) (25,000,000)                    
Balance at ending at Mar. 31, 2021 $ 982 $ 70 $ 45,932,000 $ 5,000 1,760,000 (17,638,914) (33,228,000)   (12,000) (17,637,862) (31,475,000)
Balance at ending (in Shares) at Mar. 31, 2021 9,816,667 700,000 58,554,536 5,232,080                
Forfeiture of Class B common stock held by initial stockholders $ (125)       125        
Forfeiture of Class B common stock held by initial stockholders (in Shares) (1,250,000)                    
Net income (loss)             1,019,064 (56,333,000)     1,019,064 (56,333,000)
Other comprehensive loss           (2,000)   (2,000)
Share-based compensation       353,000       353,000
Shares issued for stock options exercised       17,000       17,000
Shares issued for stock options exercised (in Shares)       74,847                
Balance at ending at Jun. 30, 2021 $ 857 $ 70 $ 45,932,000 $ 5,000 2,130,000 (16,619,725) (89,561,000)   (14,000) (16,618,798) (87,440,000)
Balance at ending (in Shares) at Jun. 30, 2021 8,566,667 700,000 58,554,536 5,306,927                
Net income (loss)             (5,763,793) (28,276,000)     (5,763,793) (28,276,000)
Other comprehensive loss           (50,000)   (50,000)
Share-based compensation       1,485,000       1,485,000
Shares issued for stock options exercised     $ 1,000   123,000       124,000
Shares issued for stock options exercised (in Shares)       646,731                
Balance at ending at Sep. 30, 2021 $ 857 $ 70 $ 45,932,000 $ 6,000 $ 3,738,000 $ (22,383,518) $ (117,837,000)   $ (64,000) $ (22,382,591) $ (114,157,000)
Balance at ending (in Shares) at Sep. 30, 2021 8,566,667 700,000 58,554,536 5,953,658                
[1] This number includes up to 1,250,000 shares of Class B common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5).