XML 62 R42.htm IDEA: XBRL DOCUMENT v3.22.1
Business Combination (Details)
3 Months Ended 12 Months Ended
Jul. 21, 2021
USD ($)
Days
$ / shares
shares
Mar. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2020
USD ($)
shares
Feb. 25, 2022
USD ($)
Aug. 10, 2021
shares
Aug. 05, 2021
$ / shares
Jun. 09, 2021
shares
Mar. 01, 2021
$ / shares
Sep. 09, 2020
$ / shares
shares
Dec. 31, 2019
USD ($)
Jun. 09, 2019
shares
Business Combination (Details) [Line Items]                        
Exchange ratio 0.1413                      
Proceeds from issuance of Class A Common Stock in the Business Combination $ 229,583,000                      
Cash received through reverse recapitalization 206,435,000                      
Redemptions $ 206,000                      
Conversion ratio 1                      
Shares attributable to reverse recapitalization (in Shares) | shares 244,293,395,000                      
Outstanding shares (in Shares) | shares       1,358,459,707                
Contingent consideration, earnout shares, number of tranches 2                      
Fair value of earnout shares $ 293,853,000                      
Warrants term             6 years          
Fair value of the private warrants $ 2,152,000   $ 642,000                  
Options outstanding (in Shares) | shares 42,193,512                      
Warrants rights (in Shares) | shares                       1,500,000
Number of shares purchased (in Shares) | shares 76,140,000                      
Purchase price per share (in Dollars per share) | $ / shares $ 10                      
Aggregate purchase price $ 761,400,000                      
Payments to settle liabilities 139,557,000   139,557,000                  
Notes payable 85,202,000       $ 96,921              
Notes payable accrued interest 7,436,000                   $ 600  
Notes payable, related parties   $ 13,636,000                    
Interests in the Vendor Trust 124,671,000                      
Accounts payable 102,950,000                      
Payables 8,380,000                      
Accrued interest on purchase orders 13,341,000                      
Amounts due to vendors 19,791,000                      
Amounts due to active and former employees $ 9,592,000                      
Loss upon extinguishment of debt, excluding forgiveness of vendor interest     $ 94,727,000                  
Closing of business combination issued (in Shares) | shares 80,000                      
Total direct and incremental transaction costs $ 125,943,000                      
Amount expensed as part of the Business Combination 900,000                      
Equity issuance costs $ 125,043,000                      
Earnout Shares, Tranche One [Member]                        
Business Combination (Details) [Line Items]                        
Contingent consideration, earnout shares, stock price trigger (in Dollars per share) | $ / shares $ 13.5                      
Contingent consideration, earnout shares, period, threshold trading days | Days (20)                      
Contingent consideration, earnout shares, threshold consecutive trading days | Days (30)                      
Earnout Shares, Tranche Two [Member]                        
Business Combination (Details) [Line Items]                        
Contingent consideration, earnout shares, stock price trigger (in Dollars per share) | $ / shares $ 15.5                      
Contingent consideration, earnout shares, period, threshold trading days (20)                      
Contingent consideration, earnout shares, threshold consecutive trading days (30)                      
Public Warrants [Member]                        
Business Combination (Details) [Line Items]                        
Exercise price of the warrant (in Dollars per share) | $ / shares   $ 11.5 $ 11.5                  
Private Warrants [Member]                        
Business Combination (Details) [Line Items]                        
Warrants (in Shares) | shares 594,551                      
Exercise price of the warrant (in Dollars per share) | $ / shares   $ 11.5 [1] $ 11.5 [2]                  
Warrants issued (in Shares) | shares 80,000 80,000                    
PSAC Warrants [Member]                        
Business Combination (Details) [Line Items]                        
Amount settled $ 800,000                      
US-Based Investment Firm Warrants [Member]                        
Business Combination (Details) [Line Items]                        
Warrants term               7 years        
Warrants rights (in Shares) | shares               1,500,000        
Class A Common Stock [Member]                        
Business Combination (Details) [Line Items]                        
Issued shares (in Shares) | shares   20,410,111 167,280,677                  
Conversion ratio 1     1                
Shares attributable to reverse recapitalization (in Shares) | shares 127,949,403     127,949,403                
Contingent consideration, earnout shares (in Shares) | shares 25,000,000                      
Exercise price of the warrant (in Dollars per share) | $ / shares             $ 10   $ 10 $ 10    
Warrants term                 2 months 12 days      
Warrants rights (in Shares) | shares                   525,000    
Purchase price per share (in Dollars per share) | $ / shares $ 10                      
Shares issued from reverse recapitalization (in Shares) | shares 24,464,994   24,464,994                  
Reverse recapitalization, share price (in Dollars per share) | $ / shares $ 10                      
Class A Common Stock [Member] | Earnout Shares, Tranche One [Member]                        
Business Combination (Details) [Line Items]                        
Contingent consideration, earnout shares (in Shares) | shares 12,500,000                      
Class A Common Stock [Member] | Earnout Shares, Tranche Two [Member]                        
Business Combination (Details) [Line Items]                        
Contingent consideration, earnout shares (in Shares) | shares 12,500,000                      
Class A Common Stock [Member] | Legacy FF Shareholders [Member]                        
Business Combination (Details) [Line Items]                        
Shares attributable to reverse recapitalization (in Shares) | shares 127,949,403                      
Class A Common Stock [Member] | Public Warrants [Member]                        
Business Combination (Details) [Line Items]                        
Warrants (in Shares) | shares 22,977,568                      
Warrants term     5 years                  
Class A Common Stock [Member] | PSAC Warrants [Member]                        
Business Combination (Details) [Line Items]                        
Exercise price of the warrant (in Dollars per share) | $ / shares $ 11.5                      
Class A Common Stock [Member] | US-Based Investment Firm Warrants [Member]                        
Business Combination (Details) [Line Items]                        
Exercise price of the warrant (in Dollars per share) | $ / shares $ 10                      
Warrants rights (in Shares) | shares 2,687,083         1,187,083            
Common stock, shares issuable (in Shares) | shares 44,880,595                      
Common Class B [Member]                        
Business Combination (Details) [Line Items]                        
Conversion ratio 1   1                  
Shares attributable to reverse recapitalization (in Shares) | shares 64,000,588     64,000,588                
Common Class B [Member] | Legacy FF Shareholders [Member]                        
Business Combination (Details) [Line Items]                        
Shares attributable to reverse recapitalization (in Shares) | shares 64,000,588                      
Redeemable Preferred Stock [Member]                        
Business Combination (Details) [Line Items]                        
Reclassifications of temporary to permanent equity       $ 724,823,000                
Class B Redeemable Preferred Stock [Member]                        
Business Combination (Details) [Line Items]                        
Reclassifications of temporary to permanent equity       697,643,000                
Class A-1 Redeemable Convertible Preferred Stock [Member]                        
Business Combination (Details) [Line Items]                        
Reclassifications of temporary to permanent equity       119,047,000                
Class A-2 Redeemable Convertible Preferred Stock [Member]                        
Business Combination (Details) [Line Items]                        
Reclassifications of temporary to permanent equity       271,925,000                
Class A-3 Redeemable Convertible Preferred Stock [Member]                        
Business Combination (Details) [Line Items]                        
Reclassifications of temporary to permanent equity       $ 2,199,000                
Pro Forma [Member]                        
Business Combination (Details) [Line Items]                        
Outstanding shares (in Shares) | shares     320,433,395                  
Restricted Stock [Member] | Deferred Salary And Bonuses Settlement [Member]                        
Business Combination (Details) [Line Items]                        
Purchase price per share (in Dollars per share) | $ / shares $ 13.78                      
Stock issued from awards (in Shares) | shares 1,350,970                      
Notes Payable, Related Party [Member] | Affiliated Entity [Member]                        
Business Combination (Details) [Line Items]                        
Notes payable, related parties $ 91,420,000                      
Notes payable, related parties, accrued interest $ 13,581,000                      
Amount settled     $ 800,000                  
Notes Payable, Related Party [Member] | Affiliated Entity [Member] | Private Warrants [Member]                        
Business Combination (Details) [Line Items]                        
Warrants issued (in Shares) | shares     80,000                  
[1] The Private Warrants are recorded in Other liabilities, less current portion in the unaudited Condensed Consolidated Balance Sheets as of March 31, 2022 and December 31, 2021.
[2] The Private Warrants are recorded in Other Liabilities, less Current Portion in the Consolidated Balance Sheet as of December 31, 2021.