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Business Combination (Tables)
12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Schedule of transaction costs
   PSAC Balances
as of
July 21,
2021
 
Cash in the PSAC trust account at the Closing of the Business Combination  $229,583 
Other current assets   36 
Accounts payable, accrued expenses, and other current liabilities   (225)
Accrued transaction costs   (5,108)
PSAC transaction costs assumed as part of the Business Combination   (18,040)
Related party notes payable   (1,080)
Private Warrants liability   (2,152)
Obligation to issue registered shares of Class A Common Stock assumed as part of the Business Combination   (32,900)
Net assets acquired  $170,114 

 

Schedule of common stock shares to issue business combination
   Number of shares 
Class A and B Ordinary Stock outstanding on July 1, 2021     30,276,958 
Class A Ordinary Stock issued through option exercises between July 1, 2021 and July 21, 2021, net of share repurchases     1,035,399 
Ordinary Stock outstanding prior to the Business Combination     31,312,357 
Conversion of Redeemable Preference Stock and Class B, Class A-1, Class A-2, and Class A-3 Convertible Preferred Stock into Class A and B Common Stock  160,637,633    
Issuance of Class A Common Stock in the Business Combination  27,798,411    
Conversion of assumed convertible notes into Class A Common Stock  80,000    
Total note conversion and share issuance pursuant to the reverse recapitalization*     188,516,044 
Conversion of liabilities into Class A Common Stock in the Business Combination**     24,464,994 
Shares attributable to reverse recapitalization     244,293,395 
Issuance of Class A Common Stock attributable to PIPE Financing     76,140,000 
Total shares of Class A and Class B Common Stock as of the closing of the Business Combination and related transactions     320,433,395 

 

*The corresponding adjustment to APIC relates to the reverse recapitalization. The adjustment is comprised of (i) $170,114 which represents the fair value of the consideration transferred in the Business Combination, less the excess of the fair value of the shares issued over the value of the net monetary assets of PSAC, net of transaction costs related to the business combination (ii) $1,815,637 which represents the conversion of the Redeemable Preference Stock and Convertible Preferred Stock into Ordinary Stock and, (iii) $800 to settle an aggregate principal amount of related party convertible notes of PSAC into Class A Common Stock.

 

**The Company committed to issue 6,921,814 shares of Class A Common Stock to convert related party notes payable (see Note 9, Related Party Notes Payable), 6,854,013 shares of Class A Common Stock to convert notes payable (see Note 10, Notes Payable), 9,618,542 shares of Class A Common Stock to convert liabilities in the Vendor Trust (see Note 11, Vendor Payables in Trust), 838,040 shares of Class A Common Stock to convert Future Work, and 232,585 shares of Class A Common Stock to settle other vendor liabilities.

 

schedule of transaction costs related to Business Combination and PIPE financing
   Reconciliation at
the Closing Date
 
Consolidated Statements of Stockholders’ Equity (Deficit)    
Proceeds from issuance of Class A Common Stock in the Business Combination  $229,583 
Transaction costs paid in connection with the Business Combination   (23,148)
Net proceeds from issuance of Class A Common Stock in the Business Combination   206,435 
Net assets acquired and liabilities assumed in the Business Combination, exclusive of cash and accrued transaction costs   (3,421)
Obligation to issue registered shares of Class A Common Stock for transaction services   (32,900)
Net assets and liabilities acquired in the Business Combination  $170,114 
      
Proceeds from issuance of Class A Common Stock in the PIPE Financing  $761,400 
Transaction costs paid in connection with the issuance of Class A Common Stock in the PIPE Financing   (61,130)
Reclassification of deferred transaction costs paid in prior periods against proceeds received in the Business Combination   (7,865)
Net proceeds from issuance of Class A Common Stock in the PIPE Financing  $692,405 
      
Transaction costs paid in connection with the Business Combination  $(23,148)
Transaction costs paid in connection with the PIPE Financing   (61,130)
Reclassification of deferred transaction costs paid in prior periods against proceeds received in the Business Combination   (7,865)
Obligation to issue registered shares of Class A Common Stock for transaction services   (32,900)
Total transaction costs in connection with the Business Combination and the PIPE Financing  $(125,043)

 

Schedule of consolidated statements of stockholders’ equity deficit
    Legacy FF Capital Structure           New Capital Structure  
    Outstanding
Shares

Immediately
Before
Conversion on
    Exchange      The Commitment to issue
the Company’s Common
Stock
 
    Closing Date     Ratio     Class A     Class B  
                         
Redeemable Preference Stock     470,588,235       0.14130       66,494,117        
Class B Convertible Preferred Stock     452,941,177       0.14130               64,000,588  
Class A-1 Convertible Preferred Stock     73,306,184       0.14130       10,358,162          
Class A-2 Convertible Preferred Stock     138,737,629       0.14130       19,603,624          
Class A-3 Convertible Preferred Stock(1)     1,281,976       0.14130       181,143          
Class A Ordinary Stock     71,551,672       0.14130       10,109,892          
Class B Ordinary Stock     150,052,834       0.14130       21,202,465          
      1,358,459,707               127,949,403       64,000,588  

(1)The Company issued Convertible Preferred Stock Class A-3 immediately prior to the Closing of the Business Combination to settle certain notes payable (see Note 10, Notes Payable). These shares converted into a commitment to issue Class A Common Stock upon the Closing.