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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 248,173 $ 13,248
Accounts receivable 6,617 5,914
Other current assets 4,318 1,515
Total current assets 259,108 20,677
Property and equipment, net 549 175
Deferred issuance cost 0 692
Intangible assets, net 4,315 5,195
Goodwill 6,134 6,134
Other long-term assets 98 0
Total assets 270,204 32,873
CURRENT LIABILITIES:    
Accounts payable 11,759 7,901
Deferred revenues 7,549 5,172
Accrued expenses and other current liabilities 9,640 7,416
Total current liabilities 28,948 20,489
Warrant liabilities 38,897 0
Other long-term liabilities 98 0
Total liabilities 67,943 20,489
CONVERTIBLE PREFERRED STOCK:    
Convertible preferred stock (Series Seed, Seed-1, Seed-2, A, B, C and D) of 0.0001 par value -- Authorized: 100,000,000 and 95,709,146 shares at June 30, 2021 and December 31, 2020, respectively; Issued and outstanding: 0 and 94,582,550 shares at June 30, 2021 and December 31, 2021, respectively (1) [1] 0 111,282
STOCKHOLDERS' DEFICIT:    
Common stock of 0.0001 par value -- Authorized: 1,000,000,000 and 129,397,278 shares at June 30, 2021 and December 31, 2020, respectively; Issued and outstanding: 152,255,736 and 13,413,431 shares at June 30, 2021 and December 31, 2020, respectively (1) [1] 15 1
Additional paid-in capital (1) [1] 354,213 9,889
Accumulated deficit (151,967) (108,788)
Total stockholders' deficit 202,261 (98,898)
Total liabilities, convertible preferred stock and stockholders' deficit $ 270,204 $ 32,873
[1]

(1) Prior period results have been adjusted to reflect the exchange of Old Talkspace’s common stock for Talkspace’s common stock at an exchange ratio of approximately 1.134140 in June 2021 as a result of the Business Combination. See Note 3, “Business Combination,” for further details.