General form of registration statement for all companies including face-amount certificate companies

CONDENSED CONSOLIDATED BALANCE SHEETS - ION (Unaudited)

v3.21.4
CONDENSED CONSOLIDATED BALANCE SHEETS - ION (Unaudited) - USD ($)
Sep. 30, 2021
Feb. 16, 2021
Dec. 31, 2020
CURRENT ASSETS:      
Cash and cash equivalents $ 14,472,000   $ 15,645,000
Prepaid expenses and other current assets 1,966,000   1,174,000
Prepaid Expense, Current     862,000
Total Current Assets 50,661,000   51,623,000
NON-CURRENT ASSETS:      
Deferred offering costs 3,269,000   0
Total Assets 63,152,000   59,458,000
Current liabilities      
Accounts payable and accrued expenses 2,171,000   1,155,000
Total Current Liabilities 14,002,000   11,042,000
NON-CURRENT LIABILITIES:      
Warrant Liabilities 3,690,000 $ 30,065,074 499,000
Total Liabilities 26,546,000 39,426,774 22,191,000
COMMITMENTS AND CONTINGENT LIABILITIES  
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 25,300,000 and no shares subject to redemption at $10.00 per share as of September 30, 2021 and December 31, 2020, respectively 139,990,000   86,997,000
Shareholders’ (Deficit) Equity      
Common stock, value 14,000   12,000
Additional paid-in capital     0
Accumulated deficit (101,769,000)   (48,113,000)
Total Shareholders’ (Deficit) Equity (103,384,000)   (49,730,000)
Total Liabilities and Shareholders’ (Deficit) Equity 63,152,000   59,458,000
ION Acquisition Corp 2 LTD      
CURRENT ASSETS:      
Cash and cash equivalents 184,007   0
Prepaid expenses and other current assets 525,677   0
Cash   3,550  
Due from Sponsor   2,000,000  
Total Current Assets 709,684 2,003,550 0
NON-CURRENT ASSETS:      
Deferred offering costs 0   165,778
Cash and marketable securities held in Trust Account 253,042,565 253,000,000 0
Total Assets 253,752,249 255,003,550 165,778
Current liabilities      
Accounts payable and accrued expenses 3,230,476   0
Accrued offering costs 318,589 431,700 140,778
Promissory note - related party 0 75,000 5,000
Total Current Liabilities 3,549,065 506,700 145,778
NON-CURRENT LIABILITIES:      
Warrant Liabilities 29,639,725 30,065,074 0
Deferred underwriting fee payable 8,855,000 8,855,000 0
Total Liabilities 42,043,790 39,426,774 145,778
COMMITMENTS AND CONTINGENT LIABILITIES
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 25,300,000 and no shares subject to redemption at $10.00 per share as of September 30, 2021 and December 31, 2020, respectively 253,000,000 253,000,000 0
Shareholders’ (Deficit) Equity      
Preferred stocks 0 0 0
Common stock, value   633  
Additional paid-in capital 0 0 24,367
Accumulated deficit (41,292,174) (37,423,857) (5,000)
Total Shareholders’ (Deficit) Equity (41,291,541) (37,423,224) 20,000
Total Liabilities and Shareholders’ (Deficit) Equity 253,752,249 $ 255,003,550 165,778
Class A ordinary shares | ION Acquisition Corp 2 LTD      
NON-CURRENT LIABILITIES:      
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 25,300,000 and no shares subject to redemption at $10.00 per share as of September 30, 2021 and December 31, 2020, respectively 253,000,000    
Shareholders’ (Deficit) Equity      
Common stock, value     0
Class B ordinary shares | ION Acquisition Corp 2 LTD      
Shareholders’ (Deficit) Equity      
Common stock, value $ 633   $ 633 [1]
[1] Included an aggregate of up to 825,000 Class B ordinary shares that were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised. On January 14, 2021, the Company effected a share capitalization of 575,000 shares and, as a result, there are 6,325,000 founder shares issued and outstanding. All share and per share amounts have been retroactively restated to reflect the share capitalization (see Note 3).