XML 26 R12.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)
$ in Thousands
Total
Legacy Warrants
Public and Private Placement Warrants
Convertible Preferred stock
Common stock
Common stock
Common Class A
Common stock
Common Class A
Public and Private Placement Warrants
Common stock
Common Class B
Common stock
Common Class B
Legacy Warrants
Additional paid-in capital
Additional paid-in capital
Legacy Warrants
Additional paid-in capital
Public and Private Placement Warrants
Accumulated deficit
Treasury Stock
Accumulated other comprehensive income (loss)
Noncontrolling interest
Beginning balance (in shares) at Dec. 31, 2018       139,444,346                        
Beginning balance at Dec. 31, 2018       $ 447,747                        
Ending balance (in shares) at Dec. 31, 2019       139,444,346                        
Ending balance at Dec. 31, 2019 $ 447,747     $ 447,747                        
Beginning balance (in shares) at Dec. 31, 2018         87,362,592                      
Beginning balance at Dec. 31, 2018 $ (502,574)       $ 9         $ 25,313     $ (527,896)   $ 0 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Stock issuance for exercise of stock options, net of early exercise liability (in shares) 916,527       443,179                      
Stock issuance for exercise of stock options, net of early exercise liability $ 601                 601            
Stock-based compensation 3,301                 3,301            
Convertible debt conversion and other issuances 373,800                              
Net (loss) income (363,737)                       (363,737)      
Ending balance (in shares) at Dec. 31, 2019         88,279,119     88,279,119                
Ending balance at Dec. 31, 2019 (488,537)       $ 9     $ 9   403,041     (891,633)   46 0
Ending balance (in shares) at Sep. 30, 2020       139,444,346                        
Ending balance at Sep. 30, 2020       $ 447,747                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Stock issuance for exercise of stock options, net of early exercise liability (in shares)               748,591                
Stock issuance for exercise of stock options, net of early exercise liability 954                 954            
Stock-based compensation 4,949                 4,949            
Unrealized holdings gain (loss) on investment securities, available-for-sale 718                           718  
Interests issued 3,903                             3,903
Net (loss) income (10,001)                       (10,001)      
Ending balance (in shares) at Sep. 30, 2020               89,027,710                
Ending balance at Sep. 30, 2020 (488,014)             $ 9   408,944     (901,634)   764 3,903
Beginning balance (in shares) at Dec. 31, 2019       139,444,346                        
Beginning balance at Dec. 31, 2019 $ 447,747     $ 447,747                        
Ending balance (in shares) at Dec. 31, 2020 139,444,346     139,444,346                        
Ending balance at Dec. 31, 2020 $ 447,747 [1]     $ 447,747                        
Beginning balance (in shares) at Dec. 31, 2019         88,279,119     88,279,119                
Beginning balance at Dec. 31, 2019 $ (488,537)       $ 9     $ 9   403,041     (891,633)   46 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Stock issuance for exercise of stock options, net of early exercise liability (in shares) 1,297,977       627,626                      
Stock issuance for exercise of stock options, net of early exercise liability $ 1,748                 1,748            
Stock-based compensation 7,078                 7,078            
Interests issued 3,903                             3,903
Net (loss) income (136,392)                       (136,392)      
Ending balance (in shares) at Dec. 31, 2020         89,206,266     89,206,266                
Ending balance at Dec. 31, 2020 (613,193)       $ 9     $ 9   411,867     (1,028,982)   10 3,903
Beginning balance (in shares) at Jun. 30, 2020       139,444,346                        
Beginning balance at Jun. 30, 2020       $ 447,747                        
Ending balance (in shares) at Sep. 30, 2020       139,444,346                        
Ending balance at Sep. 30, 2020       $ 447,747                        
Beginning balance (in shares) at Jun. 30, 2020               88,786,712                
Beginning balance at Jun. 30, 2020 (501,990)             $ 9   407,115     (914,392)   1,375 3,903
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Stock issuance for exercise of stock options, net of early exercise liability (in shares)               240,998                
Stock issuance for exercise of stock options, net of early exercise liability 329                 329            
Stock-based compensation 1,500                 1,500            
Unrealized holdings gain (loss) on investment securities, available-for-sale (611)                           (611)  
Net (loss) income 12,758                       12,758      
Ending balance (in shares) at Sep. 30, 2020               89,027,710                
Ending balance at Sep. 30, 2020 $ (488,014)             $ 9   408,944     (901,634)   764 3,903
Beginning balance (in shares) at Dec. 31, 2020 139,444,346     139,444,346                        
Beginning balance at Dec. 31, 2020 $ 447,747 [1]     $ 447,747                        
Increase (Decrease) in Temporary Equity [Roll Forward]                                
Preferred stock conversion (in shares)       (139,444,346)                        
Preferred stock conversion       $ (447,747)                        
Ending balance (in shares) at Sep. 30, 2021 0     0                        
Ending balance at Sep. 30, 2021 $ 0     $ 0                        
Beginning balance (in shares) at Dec. 31, 2020         89,206,266     89,206,266                
Beginning balance at Dec. 31, 2020 (613,193)       $ 9     $ 9   411,867     (1,028,982)   10 3,903
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Stock issuance for exercise of stock options, net of early exercise liability (in shares)           3,859,648                    
Stock issuance for exercise of stock options, net of early exercise liability 5,547                 5,547            
Stock-based compensation 132,542                 132,542            
Vested restricted stock units (in shares)           20,158                    
Unrealized holdings gain (loss) on investment securities, available-for-sale (620)                           (620)  
Preferred stock conversion (in shares)               139,444,346                
Preferred stock conversion 447,747             $ 14   447,733            
Issuance of common stock related to exercises of warrants (in shares)             9,408,264   7,205,490              
Issuance of common stock related to exercises of warrants   $ 97,782 $ 81,673       $ 1   $ 1   $ 97,781 $ 81,672        
Convertible debt conversion and other issuances (in shares)               75,084,703                
Convertible debt conversion and other issuances 16,059             $ 7   16,052            
Issuance of Common Stock in connection with Business Combination and PIPE offering (in shares)           146,373,904   (49,975,104)                
Issuance of common stock in connection with Business Combination and PIPE offering 666,242         $ 15   $ (5)   666,232            
Conversion from Class B Common Stock to Class A Common Stock (in shares)           118,646,990   (118,646,990)                
Conversion from Class B Common Stock to Class A Common Stock 0         $ 12   $ (12)                
Capital contribution for extinguishment of debt 126,795                 126,795            
Acquisition of Public and Private Placement Warrants (147,582)                 (147,582)            
Treasury stock acquired (147)                         $ (147)    
Net (loss) income (400,555)                       (400,555)      
Ending balance (in shares) at Sep. 30, 2021           278,308,964   142,318,711                
Ending balance at Sep. 30, 2021 $ 412,290         $ 28   $ 14   1,838,639     (1,429,537) (147) (610) 3,903
Ending balance (in shares) at Sep. 30, 2021 0     0                        
Ending balance at Sep. 30, 2021 $ 0     $ 0                        
Beginning balance (in shares) at Jun. 30, 2021           148,560,977   259,744,474                
Beginning balance at Jun. 30, 2021 314,855         $ 15   $ 26   1,706,334     (1,395,010)   (413) 3,903
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Stock issuance for exercise of stock options, net of early exercise liability (in shares)           2,893,802                    
Stock issuance for exercise of stock options, net of early exercise liability 3,830                 3,830            
Stock-based compensation 46,803                 46,803            
Vested restricted stock units (in shares)           20,158                    
Unrealized holdings gain (loss) on investment securities, available-for-sale (197)                           (197)  
Issuance of common stock related to exercises of warrants (in shares)             9,408,264                  
Issuance of common stock related to exercises of warrants     $ 81,673       $ 1         $ 81,672        
Conversion from Class B Common Stock to Class A Common Stock (in shares)           117,425,763   (117,425,763)                
Conversion from Class B Common Stock to Class A Common Stock 0         $ 12   $ (12)                
Treasury stock acquired (147)                         (147)    
Net (loss) income (34,527)                       (34,527)      
Ending balance (in shares) at Sep. 30, 2021           278,308,964   142,318,711                
Ending balance at Sep. 30, 2021 $ 412,290         $ 28   $ 14   $ 1,838,639     $ (1,429,537) $ (147) $ (610) $ 3,903
[1] Prior period results have been adjusted to reflect the exchange of Legacy Clover’s common stock for Clover Class B Common Stock at an exchange ratio of approximately 2.0681 in January 2021 as a result of the Business Combination. See Note 3 (Business Combination) for additional information.