$LTCH
Latch, Inc.

2021 Q2 Form 10-Q Financial Statement

#000182600021000010 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $9.000M $2.800M
YoY Change 221.43%
Cost Of Revenue $8.242M $3.239M
YoY Change 154.46%
Gross Profit $758.0K -$439.0K
YoY Change -272.67%
Gross Profit Margin 8.42% -15.68%
Selling, General & Admin $15.05M $6.839M
YoY Change 120.03%
% of Gross Profit 1985.22%
Research & Development $6.989M $6.930M
YoY Change 0.85%
% of Gross Profit 922.03%
Depreciation & Amortization $689.0K $313.0K
YoY Change 120.13%
% of Gross Profit 90.9%
Operating Expenses $22.73M $14.08M
YoY Change 61.38%
Operating Profit -$21.96M -$14.57M
YoY Change 50.7%
Interest Expense -$16.66M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$18.11M -$417.0K
YoY Change 4241.73%
Pretax Income -$40.06M -$14.99M
YoY Change 167.32%
Income Tax $10.00K $0.00
% Of Pretax Income
Net Earnings -$40.07M -$14.99M
YoY Change 167.39%
Net Earnings / Revenue -445.23% -535.21%
Basic Earnings Per Share -$0.78 -$2.11
Diluted Earnings Per Share -$0.78 -$2.11
COMMON SHARES
Basic Shares Outstanding 51.26M shares 7.107M shares
Diluted Shares Outstanding 51.26M shares 7.107M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $472.0M
YoY Change
Cash & Equivalents $472.0M $31.17M
Short-Term Investments
Other Short-Term Assets $3.077M
YoY Change
Inventory $8.966M
Prepaid Expenses
Receivables $12.14M
Other Receivables $0.00
Total Short-Term Assets $496.2M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.157M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.134M
YoY Change
Total Long-Term Assets $12.44M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $496.2M
Total Long-Term Assets $12.44M
Total Assets $508.6M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.397M
YoY Change
Accrued Expenses $11.07M
YoY Change
Deferred Revenue $3.686M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.26M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $559.0K
YoY Change
Total Long-Term Liabilities $559.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $20.26M
Total Long-Term Liabilities $559.0K
Total Liabilities $56.36M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$240.4M
YoY Change
Common Stock $15.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $452.3M -$120.6M
YoY Change
Total Liabilities & Shareholders Equity $508.6M
YoY Change

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$40.07M -$14.99M
YoY Change 167.39%
Depreciation, Depletion And Amortization $689.0K $313.0K
YoY Change 120.13%
Cash From Operating Activities -$32.40M -$30.09M
YoY Change 7.68%
INVESTING ACTIVITIES
Capital Expenditures -$4.311M -$3.300M
YoY Change 30.64%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$4.311M -$3.300M
YoY Change 30.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 448.6M 10.34M
YoY Change 4237.02%
NET CHANGE
Cash From Operating Activities -32.40M -30.09M
Cash From Investing Activities -4.311M -3.300M
Cash From Financing Activities 448.6M 10.34M
Net Change In Cash 411.9M -23.05M
YoY Change -1887.25%
FREE CASH FLOW
Cash From Operating Activities -$32.40M -$30.09M
Capital Expenditures -$4.311M -$3.300M
Free Cash Flow -$28.09M -$26.79M
YoY Change 4.86%

Facts In Submission

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459000 USD
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lat Shares Issued And Outstanding Subject To Vesting Restrictions
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us-gaap Net Income Loss
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299000 USD
us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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lat Proceeds From Reverse Recapitalization Transaction Net Of Issuance Costs
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3441000 USD
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
471999000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31174000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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CY2021Q2 lat Temporary Equity Shares Conversion Of Convertible Securities
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CY2021Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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19300000 shares
CY2021Q2 lat Sale Of Stock Number Of Shares Issued In Transaction Used To Fund Cash Election
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300000 shares
CY2021Q2 lat Sale Of Stock Price Per Share Used To Fund Cash Election
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10.00
CY2021Q2 lat Sale Of Stock Consideration Received On Transaction Used To Fund Cash Election
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2600000 USD
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lat Cash Acquired Through Reverse Recapitalization
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300122000 USD
us-gaap Proceeds From Issuance Of Private Placement
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192550000 USD
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36783000 USD
lat Payments Of Reverse Recapitalization Cash Election
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2313000 USD
lat Payments Of Reverse Recapitalization Issuance Costs
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CY2021Q2 lat Recapitalization Exchange Ratio
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CY2021Q2 lat Recapitalization Exchange Ratio
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us-gaap Restructuring Charges
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us-gaap Use Of Estimates
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<div style="padding-left:18pt;padding-right:12.25pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of income and expense during the reporting period. Estimates are used when accounting for revenue recognition, allowance for doubtful accounts, allowance for hardware returns, estimates of excess and obsolete inventory, stock-based compensation, warrants, impairment of fixed assets and capitalized internally developed software. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. These estimates are based on information available as of the date of the condensed consolidated financial statements. Due to the use of estimates inherent in the financial reporting process and given the unknowable duration and effects of the COVID-19 pandemic, actual results could differ from those estimates.</span></div><div style="padding-left:18pt;padding-right:12.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:18pt;padding-right:12.25pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s significant accounting policies for its condensed consolidated financial statements as of June 30, 2021 are summarized below and should be read in conjunction with the Summary of Significant Accounting Policies detailed in the Company’s Consolidated Financial Statements for the year ended December 31, 2020.</span></div>
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
20600000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3700000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
16900000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9000000.0 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15600000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5500000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
549000 USD
lat Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
150000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
48000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
651000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net
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250000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
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0 USD
CY2021Q2 us-gaap Contract With Customer Liability
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20566000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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15522000 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
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1100000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2200000 USD
us-gaap Concentration Risk Credit Risk
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<div style="padding-left:18pt;padding-right:12.25pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. The Company invests its excess cash in low-risk, highly liquid money market funds with major financial institutions.</span></div><div style="padding-left:18pt;padding-right:12.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:18pt;padding-right:12.25pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant customers are those which represent more than 10% of the Company’s total revenue or gross accounts receivable balance at each balance sheet date. As of June 30, 2021, the Company had no customers that accounted for more than 10% of gross accounts receivable. As of December 31, 2020, the Company had one customer that accounted for $1.5 million, or 15%, of gross accounts receivable. For the three and six months ended June 30, 2021, the Company had two and one customers that accounted for $2.0 million and $2.0 million, or 23% and 13%, of total revenue, respectively. For the three and six months ended June 30, 2020, the Company had no customers that accounted for more than 10% of total revenue.</span></div>
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us-gaap Number Of Reportable Segments
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0 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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25978000 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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0 USD
CY2021Q2 lat Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issues
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0 USD
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
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0 USD
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2592000 USD
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1875000 USD
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1435000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1122000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
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1157000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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753000 USD
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7918000 USD
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4235000 USD
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4485000 USD
CY2020Q4 lat Capitalized Computer Software Construction In Progress
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4451000 USD
CY2021Q2 us-gaap Capitalized Computer Software Accumulated Amortization
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2258000 USD
CY2020Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
1270000 USD
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10145000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
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7416000 USD
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CY2020Q4 us-gaap Inventory Raw Materials
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2242000 USD
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7011000 USD
CY2020Q4 us-gaap Inventory Finished Goods
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CY2020Q4 us-gaap Inventory Valuation Reserves
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325000 USD
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CY2020Q4 us-gaap Inventory Net
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8293000 USD
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1246000 USD
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204000 USD
CY2020Q4 lat Accrued Import Duties Current
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204000 USD
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
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419000 USD
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284000 USD
CY2021Q2 lat Accrued Purchases Current
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2092000 USD
CY2020Q4 lat Accrued Purchases Current
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25000 USD
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448000 USD
CY2020Q4 lat Accrued Excess Inventory Current
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465000 USD
CY2021Q2 lat Accrued Operating Expenses Current
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4535000 USD
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52000 USD
CY2021Q2 us-gaap Accrued Liabilities Current
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11071000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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5781000 USD
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6900000 shares
CY2021Q2 us-gaap Lease And Rental Expense
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us-gaap Lease And Rental Expense
LeaseAndRentalExpense
400000 USD
CY2020Q2 us-gaap Lease And Rental Expense
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900000 USD
us-gaap Lease And Rental Expense
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1700000 USD
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3300000 USD
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PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
400000 USD
CY2021Q2 us-gaap Purchase Obligation Due In Next Twelve Months
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2800000 USD
CY2021Q2 lat Shares Authorized
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1100000000 shares
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000.0 shares
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000.0 shares
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q2 lat Temporary Equity Shares Conversion Of Convertible Securities
TemporaryEquitySharesConversionOfConvertibleSecurities
71100000 shares
CY2021Q2 lat Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.8971
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
86665000 shares
CY2021Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
54382000 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
64591 shares
CY2021Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-40071000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-40071000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14986000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-14986000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-78172000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-30927000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-30927000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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51256111 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7106954 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30960173 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7089239 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51256111 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7106954 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30960173 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7089239 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
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-0.78
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.78
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.11
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.36
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
71200000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
81000000.0 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
83800000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
82700000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
0 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
21651225 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
278937 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.11
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
262296 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5364288 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
788045 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.92
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
16533749 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.79
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
189810000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
9544301 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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0.57
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
111702000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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1.60
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3400000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14900000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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40000.00 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
60000.00 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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10000.00 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10000.00 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10000.00 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
20000.00 USD
CY2021Q2 lat Share Based Compensation Arrangement By Share Based Payment Award Options Cancellation Percentage
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancellationPercentage
0.25
CY2021Q2 lat Share Based Compensation Arrangement By Share Based Payment Award Options Consideration Per Share Upon Cancellation
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsConsiderationPerShareUponCancellation
10.00
CY2021Q2 lat Share Based Compensation Arrangement By Share Based Payment Award Options Canceled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledInPeriod
300000 shares
CY2021Q2 lat Sale Of Stock Consideration Received On Transaction Used To Fund Cash Election
SaleOfStockConsiderationReceivedOnTransactionUsedToFundCashElection
2600000 USD
CY2021Q2 lat Sale Of Stock Number Of Shares Issued In Transaction Used To Fund Cash Election
SaleOfStockNumberOfSharesIssuedInTransactionUsedToFundCashElection
300000 shares
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q2 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
800000 USD
CY2020Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
1400000 USD

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