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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2022
Mar. 31, 2022
Accounts receivable, related party $ 3,636 $ 0
Accounts Payable, related party 0 12,567
Accrued expenses and other current liabilities, related party 9,862 5,772
Deferred revenue, current, related party $ 22,943 $ 9,181
Common Stock, Par value $ 0.0001 $ 0.0001
Class A Common Stock [Member]    
Common stock, shares authorized 1,140,000,000 1,140,000,000
Common Stock, Shares, Issued [1],[2] 288,629,645 228,174,718
Common Stock, Shares, Outstanding [1],[2] 288,629,645 228,174,718
Class B Common Stock [Member]    
Common stock, shares authorized 350,000,000 350,000,000
Common Stock, Shares, Issued 168,531,838 220,637,603
Common Stock, Shares, Outstanding 168,531,838 220,637,603
[1] As of December 31, 2022 and March 31, 2022, the Class A common stock included 3,814,125 shares held by VGAC founders (“Earn-Out Shares”) that are subject to a lock-up of seven years from the Closing Date. The lock-up has an early release effective (i) with respect to 50% of the Earn-Out Shares, upon the closing price of the Company’s Class A common stock equaling or exceeding $12.50 per share for any 20 trading days within any 30-trading-day period, and (ii) with respect to the other 50% of the Earn-Out Shares, upon the closing price of the Company’s Class A common stock equaling or exceeding $15.00 per share for any 20 trading days within any 30-trading-day period; provided that the transfer restrictions applicable to the Earn-Out Shares will terminate on the date following the closing date on which the Company completes a liquidation, merger, amalgamation, capital stock exchange, reorganization, or other similar transaction that results in all of the Company’s public stockholders having the right to exchange their shares of Class A common stock for cash, securities, or other property (a “Liquidation Event”), if such Liquidation Event occurs prior to the date that the stock price thresholds referenced in (i) and (ii) are met. As of December 31, 2022, the Company did not meet any earn out thresholds. The Earn-Out Shares are issued and outstanding Class A common shares that cannot be forfeited, and as such meet the criteria for equity classification in accordance with ASC 505, Equity.
[2] As of March 31, 2022, the Class A common stock included 12,713,750 shares held by VGAC founders (“Lock-Up Shares”) that would be released from the lock-up one year after the Closing Date. In August 2022, following the one-year anniversary of the Closing Date, the Lock-Up Shares were released and distributed to certain VGAC founders.