XML 74 R50.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity (Details) - $ / shares
shares in Thousands
6 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Stockholders' Equity (Textual)      
Common stocks, description The shares of Class A Stock subject to vesting will be forfeited eight years from the Closing, unless any of the following events (each a "Triggering Event") occurs prior to that time:(i) the closing price of the Class A Stock on the principal exchange on which it is listed is at or above $12.50 for 20 trading days over a thirty trading day period (subject to certain adjustments), (ii) a change of control of the Company, (iii) a "going private" transaction by the Company pursuant to Rule 13e-3 under the Exchange Act or such other time as the Company ceases to be subject to the reporting obligations under Section 13 or 15(d) of the Exchange Act, or (iv) the time that the Company's Class A Stock ceases to be listed on a national securities exchange.    
Warrants, description (1) acquisition of 25% or more of the total voting power of all the securities of the entity by any one person or group of affiliated persons or entities; (2) Tony Pearce or Terry Pearce individually or together ceasing to beneficially own at least 50% of the voting securities of the Company    
Preferred stock authorized 500    
Preferred stock par value $ 0.0001    
Preferred stock issued    
Preferred stock, outstanding    
Warrants transaction expire date    
Public and Sponsor Warrants [Member]      
Stockholders' Equity (Textual)      
Warrants term 5 years    
Tony Pearce [Member]      
Stockholders' Equity (Textual)      
Warrants, description Beneficially own at least 50% of the voting securities of the Company. As a result, the exercise price of the warrants were reduced to $0, based on the formula established in the agreement.    
Purple LLC [Member]      
Stockholders' Equity (Textual)      
Percentage of noncontrolling interest 32.00%   82.00%
Class A Common Stock      
Stockholders' Equity (Textual)      
Warrants expiration date, description    
Warrants outstanding 28,300    
Common stock authorized 210,000 210,000  
Common stock, par value $ 0.0001 $ 0.0001  
Common stock issued 36,468 22,494  
Common stock, shares outstanding 36,468 22,494  
Common stocks, description Triggering Event occurred as the closing price of the Class A Stock on the principal exchange on which it is listed was at or above $12.50 for 20 trading days over a thirty trading day period. Accordingly, the shares of Class A Stock are no longer subject to vesting or forfeiture.    
Warrants issued 1,550    
Shares issued 1,300    
Purchase warrants, shares 2,600    
Class B Common Stock [Member]      
Stockholders' Equity (Textual)      
Common stock authorized 90,000 90,000  
Common stock, par value $ 0.0001 $ 0.0001  
Common stock issued 17,510 31,394  
Common stock, shares outstanding 17,510 31,394  
GPAC [Member]      
Stockholders' Equity (Textual)      
Warrants outstanding 28,300    
InnoHold [Member] | Class B Common Stock [Member]      
Stockholders' Equity (Textual)      
Common stock, shares outstanding 17,500    
InnoHold [Member] | Series B Stock [Member]      
Stockholders' Equity (Textual)      
Shares issued 44,100    
Class A Common Stock [Member]      
Stockholders' Equity (Textual)      
Warrants to purchase of common stock price per share $ 5.74    
Warrants expiration date, description    
Warrants issued 2,600    
Warrants, description The Company may call the warrants for redemption at a price of $0.01 per Share of Class A Stock if the reported last sale price of the Class A Stock equals or exceeds $24.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date the Company sends the notice of redemption to the warrant holders. If the Company calls the Incremental Loan Warrants for redemption, it will have the option to require the holder to exercise the Incremental Loan Warrants on a cashless basis, by surrendering their Incremental Loan Warrants for that number of shares of Class A Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A Stock underlying the Incremental Loan Warrants, multiplied by the difference between the exercise price of the Sponsor Warrants and the "fair market value" (defined below), by (y) the fair market value. The "fair market value" means the average reported last sale price of the Class A Stock for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of Incremental Loan Warrants.    
Sponsor Warrants [Member]      
Stockholders' Equity (Textual)      
Warrants issued 12,800    
Warrants, description Each of the Company’s warrants entitles the registered holder to purchase one-half of one share of the Company’s Class A Stock at a price of $5.75 per half share ($11.50 per full share), subject to adjustment pursuant to the terms of the warrant agreement.