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

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Schedule of Revision on Financial Statement (Details)

v3.21.4
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Schedule of Revision on Financial Statement (Details) - USD ($)
 1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 24, 2021
Feb. 16, 2021
Dec. 31, 2020
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2021
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Jun. 23, 2021
Feb. 15, 2021
Nov. 23, 2020
Dec. 31, 2018
Dec. 10, 2012
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Class A ordinary shares subject to possible redemption     $ 86,997,000 $ 139,990,000       $ 139,990,000 $ 83,573,000 $ 86,997,000 $ 79,700,000       $ 48,001,000  
Common stock, value     12,000 14,000       14,000   12,000 12,000          
Additional paid-in capital     0             0 3,048,000          
Accumulated deficit     (48,113,000) (101,769,000)       (101,769,000)   (48,113,000) (44,218,000)          
Total Shareholders’ (Deficit) Equity     $ (49,730,000) $ (103,384,000)       $ (103,384,000) $ (51,787,000) $ (49,730,000) $ (42,787,000)       $ (33,923,000)  
Weighted average shares outstanding, basic (in shares)               13,157,022 11,973,921 11,986,185 11,880,295          
Weighted average shares outstanding, diluted (in shares)               13,157,022 11,973,921 11,986,185 11,880,295          
Basic net income (loss) per ordinary shares (in dollars per share)               $ (4.32) $ (0.83) $ (0.68) $ (0.79)          
Diluted net income (loss) per ordinary shares (in dollars per share)               (4.32) $ (0.83) (0.68) (0.79)          
Shares issued in transaction (in shares) 76,874,354                              
Ordinary shares, par value (in dollars per share)     $ 0.001 $ 0.001       $ 0.001   $ 0.001 $ 0.001         $ 0.001
Ordinary shares, shares authorized (in shares)     75,254,333 75,254,333       75,254,333   75,254,333 75,254,333          
Shares subject to redemption (in shares)     55,105,773 55,105,773       55,105,773   55,105,773 55,105,773          
Ordinary shares, shares issued (in shares)     13,602,467 15,704,059       15,704,059   13,602,467 13,373,379          
Ordinary shares, shares outstanding (in shares)     12,170,929 14,272,521       14,272,521   12,170,929 11,941,841          
Warrant Liabilities   $ 30,065,074 $ 499,000 $ 3,690,000       $ 3,690,000   $ 499,000 $ 413,000          
Total Liabilities   $ 39,426,774 $ 22,191,000 $ 26,546,000       $ 26,546,000   $ 22,191,000 $ 10,265,000          
Outstanding (in shares)   25,300,000 55,105,773 55,105,773       55,105,773 55,105,773 55,105,773 55,105,773       45,476,809  
As Previously Reported                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Warrant Liabilities                         $ 0      
Total Liabilities                         $ 9,361,700      
Outstanding (in shares)                         24,064,184      
Adjustment                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Warrant Liabilities                         $ 30,065,074      
Total Liabilities                         $ 30,065,074      
Outstanding (in shares)                         1,235,816      
ION Acquisition Corp 2 LTD                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Class A ordinary shares subject to possible redemption   $ 253,000,000 $ 0 $ 253,000,000 $ 253,000,000 $ 253,000,000 $ 253,000,000 $ 253,000,000   $ 0            
Common stock, value   633                            
Additional paid-in capital   0 24,367 0 0   0 0   24,367            
Accumulated deficit   (37,423,857) (5,000) (41,292,174) (39,743,536) (39,004,668) (39,743,536) (41,292,174)   (5,000)            
Total Shareholders’ (Deficit) Equity   (37,423,224) $ 20,000 (41,291,541) (39,742,903) (39,004,035) (39,742,903) (41,291,541)   20,000       $ 0    
Weighted average shares outstanding, basic (in shares) [1]     5,500,000                          
Weighted average shares outstanding, diluted (in shares)     5,500,000                          
Basic net income (loss) per ordinary shares (in dollars per share)     $ 0                          
Diluted net income (loss) per ordinary shares (in dollars per share)     $ 0                          
Sale of 25,300,000 Class A shares, $0.0001 par value; 500,000,000 shares authorized; 25,300,000 shares subject to redemption, net of underwriting discounts and offering costs   $ 253,000,000                            
Initial classification of Class A ordinary shares subject to possible redemption           $ 253,000,000 253,000,000 253,000,000                
Change in value of Class A ordinary shares subject to redemption             0                  
Ordinary shares, par value (in dollars per share)   $ 0.0001                            
Ordinary shares, shares authorized (in shares)   50,000,000                            
Ordinary shares, shares issued (in shares)   6,325,000                            
Ordinary shares, shares outstanding (in shares)   6,325,000                            
Warrant Liabilities   $ 30,065,074 $ 0 29,639,725       29,639,725   0            
Total Liabilities   $ 39,426,774 $ 145,778 42,043,790       $ 42,043,790   145,778            
ION Acquisition Corp 2 LTD | Private Placement                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Shares issued in transaction (in shares)     7,060,000     7,060,000,000   7,060,000                
ION Acquisition Corp 2 LTD | Class A ordinary shares                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Class A ordinary shares subject to possible redemption       $ 253,000,000 $ 0 $ 0 $ 0 $ 253,000,000                
Common stock, value     $ 0             $ 0            
Additional paid-in capital           0                    
Accumulated deficit           (39,004,668)                    
Total Shareholders’ (Deficit) Equity           $ (39,004,035)                    
Weighted average shares outstanding, basic (in shares)       25,300,000 25,300,000 12,087,778 18,730,387 20,944,322                
Weighted average shares outstanding, diluted (in shares)       25,300,000 25,300,000 12,087,778 18,730,387 20,944,322                
Basic net income (loss) per ordinary shares (in dollars per share)       $ (0.05) $ (0.02) $ 2.97 $ 1.88 $ 1.62                
Diluted net income (loss) per ordinary shares (in dollars per share)       (0.05) $ (0.02) $ 2.97 $ 1.88 $ 1.62                
Sale of 25,300,000 Class A shares, $0.0001 par value; 500,000,000 shares authorized; 25,300,000 shares subject to redemption, net of underwriting discounts and offering costs           $ 0                    
Sale of 7,060,000 Private Placement Warrants           0                    
Accretion of temporary equity to redemption value           $ (37,143,454)   $ (37,143,454)                
Shares issued in transaction (in shares)           25,300,000                    
Ordinary shares, par value (in dollars per share)   $ 0.0001 $ 0.0001 $ 0.0001   $ 0.0001   $ 0.0001   $ 0.0001   $ 0.0001        
Ordinary shares, shares authorized (in shares)   500,000,000 500,000,000 500,000,000   500,000,000   500,000,000   500,000,000            
Shares subject to redemption (in shares)           25,300,000                    
Ordinary shares, shares issued (in shares)   25,300,000 0 25,300,000       25,300,000   0            
Ordinary shares, shares outstanding (in shares)   25,300,000 0 25,300,000       25,300,000   0            
ION Acquisition Corp 2 LTD | Class B ordinary shares                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Common stock, value     $ 633 [2] $ 633 $ 633 $ 633 $ 633 $ 633   $ 633 [2]            
Weighted average shares outstanding, basic (in shares)       6,325,000 6,325,000 5,894,167 6,110,773 6,182,967                
Weighted average shares outstanding, diluted (in shares)       6,325,000 6,325,000 5,894,167 6,110,773 6,182,967                
Basic net income (loss) per ordinary shares (in dollars per share)       $ (0.05) $ (0.02) $ (0.10) $ (0.11) $ (0.15)                
Diluted net income (loss) per ordinary shares (in dollars per share)       (0.05) (0.02) (0.10) (0.11) (0.15)                
Ordinary shares, par value (in dollars per share)   $ 0.0001 $ 0.0001 $ 0.0001 $ 0.1000 $ 0.1000 $ 0.1000 $ 0.0001   $ 0.0001   $ 0.0001        
Ordinary shares, shares authorized (in shares)   50,000,000 50,000,000 50,000,000 50,000,000,000 50,000,000,000 50,000,000,000 50,000,000   50,000,000            
Ordinary shares, shares issued (in shares)   6,325,000 6,325,000 6,325,000 6,325,000,000 6,325,000,000 6,325,000,000 6,325,000   6,325,000            
Ordinary shares, shares outstanding (in shares)   6,325,000 6,325,000 6,325,000 6,325,000,000 6,325,000,000 6,325,000,000 6,325,000   6,325,000            
ION Acquisition Corp 2 LTD | As Previously Reported                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Class A ordinary shares subject to possible redemption   $ 210,576,766     $ 208,257,092 $ 208,995,955 $ 208,257,092           $ 240,641,840      
Common stock, value   424     448 440 448           124      
Additional paid-in capital   5,303,723     7,623,373 6,884,518 7,623,373           5,004,253      
Accumulated deficit   (304,770)     (2,624,449) (1,885,581) (2,624,449)           (5,000)      
Total Shareholders’ (Deficit) Equity   5,000,010     5,000,005 5,000,010 5,000,005           5,000,010      
Initial classification of Class A ordinary shares subject to possible redemption           0 240,641,840                  
Change in value of Class A ordinary shares subject to redemption             (32,384,748)                  
ION Acquisition Corp 2 LTD | As Previously Reported | Class A ordinary shares                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Class A ordinary shares subject to possible redemption         738,863 (208,995,515) 738,863                  
Additional paid-in capital           6,884,518                    
Accumulated deficit           (1,885,581)                    
Total Shareholders’ (Deficit) Equity           5,000,010                    
Sale of 25,300,000 Class A shares, $0.0001 par value; 500,000,000 shares authorized; 25,300,000 shares subject to redemption, net of underwriting discounts and offering costs           208,796,106                    
Sale of 7,060,000 Private Placement Warrants           7,060,000                    
Accretion of temporary equity to redemption value           0                    
ION Acquisition Corp 2 LTD | As Previously Reported | Class B ordinary shares                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Common stock, value         $ 633 $ 633 $ 633                  
Weighted average shares outstanding, basic (in shares)         10,726,807 7,921,054 9,386,872                  
Weighted average shares outstanding, diluted (in shares)         10,726,807 7,921,054 9,386,872                  
Basic net income (loss) per ordinary shares (in dollars per share)         $ (0.07) $ (0.24) $ (0.28)                  
Diluted net income (loss) per ordinary shares (in dollars per share)         $ (0.07) $ (0.24) $ (0.28)                  
ION Acquisition Corp 2 LTD | Adjustment                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Class A ordinary shares subject to possible redemption   42,423,234     $ 44,742,908 $ 44,004,045 $ 44,742,908           12,358,160      
Common stock, value   (424)     (448) (440) (448)           (124)      
Additional paid-in capital   (5,303,723)     (7,623,373) (6,884,518) (7,623,373)           (5,004,253)      
Accumulated deficit   (37,119,087)     (37,119,087) (37,119,087) (37,119,087)           (37,418,857)      
Total Shareholders’ (Deficit) Equity   $ (42,423,234)     (44,742,908) (44,004,045) (44,742,908)           $ (42,423,234)      
Initial classification of Class A ordinary shares subject to possible redemption           253,000,000 12,358,160                  
Change in value of Class A ordinary shares subject to redemption             32,384,748                  
ION Acquisition Corp 2 LTD | Adjustment | Class A ordinary shares                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Class A ordinary shares subject to possible redemption         $ (738,863) 208,995,515 $ (738,863)                  
Additional paid-in capital           (6,884,518)                    
Accumulated deficit           (37,119,087)                    
Total Shareholders’ (Deficit) Equity           $ (44,004,045)                    
Weighted average shares outstanding, basic (in shares)         25,300,000 12,087,778 18,730,387                  
Weighted average shares outstanding, diluted (in shares)         25,300,000 12,087,778 18,730,387                  
Basic net income (loss) per ordinary shares (in dollars per share)         $ (0.02) $ 2.97 $ 1.88                  
Diluted net income (loss) per ordinary shares (in dollars per share)         $ (0.02) $ 2.97 $ 1.88                  
Sale of 25,300,000 Class A shares, $0.0001 par value; 500,000,000 shares authorized; 25,300,000 shares subject to redemption, net of underwriting discounts and offering costs           $ (208,796,106)                    
Sale of 7,060,000 Private Placement Warrants           (7,060,000)                    
Accretion of temporary equity to redemption value           (37,143,454)                    
ION Acquisition Corp 2 LTD | Adjustment | Class B ordinary shares                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Common stock, value         $ 0 $ 0 $ 0                  
Weighted average shares outstanding, basic (in shares)         (4,401,807) (2,026,887) (3,276,099)                  
Weighted average shares outstanding, diluted (in shares)         (4,401,807) (2,026,887) (3,276,099)                  
Basic net income (loss) per ordinary shares (in dollars per share)         $ 0.05 $ 0.14 $ 0.17                  
Diluted net income (loss) per ordinary shares (in dollars per share)         $ 0.05 $ 0.14 $ 0.17                  
[1] Excluded 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).
[2] 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).