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Condensed Consolidated Statements of Stockholders’ Equity (Deficit) - USD ($)
$ in Thousands
Total
The9 Conditional Obligation
Related party notes payable
Notes payable
Previously Reported
Retroactive application of recapitalization
Additional Paid-in Capital
Additional Paid-in Capital
The9 Conditional Obligation
Additional Paid-in Capital
Related party notes payable
Additional Paid-in Capital
Notes payable
Additional Paid-in Capital
Previously Reported
Additional Paid-in Capital
Retroactive application of recapitalization
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Previously Reported
Accumulated Other Comprehensive Loss
Retroactive application of recapitalization
Accumulated Deficit
Accumulated Deficit
Previously Reported
Accumulated Deficit
Retroactive application of recapitalization
Redeemable Preference Stock
Redeemable Preference Stock
Previously Reported
Redeemable Preference Stock
Retroactive application of recapitalization
Class B Convertible Preferred Stock
Class B Convertible Preferred Stock
Previously Reported
Class B Convertible Preferred Stock
Retroactive application of recapitalization
Class A Ordinary Stock
Common Stock
Class A Ordinary Stock
Common Stock
Previously Reported
Class A Ordinary Stock
Common Stock
Retroactive application of recapitalization
Class A Common Stock
Common Stock
Class A Common Stock
Common Stock
The9 Conditional Obligation
Class A Common Stock
Common Stock
Related party notes payable
Class A Common Stock
Common Stock
Notes payable
Class A Common Stock
Common Stock
Previously Reported
Class A Common Stock
Common Stock
Retroactive application of recapitalization
Class B Common Stock
Common Stock
Class B Common Stock
Common Stock
The9 Conditional Obligation
[2]
Class B Common Stock
Common Stock
Previously Reported
Class B Common Stock
Common Stock
Retroactive application of recapitalization
Beginning balance (in shares) at Dec. 31, 2019 [1]                                     0 470,588,235 (470,588,235) 0 600,000,000 (600,000,000)                          
Beginning balance at Dec. 31, 2019                                     $ 0 $ 724,823 $ (724,823) $ 0 $ 924,149 $ (924,149)                          
Ending balance (in shares) at Sep. 30, 2020 [1]                                     0     0                              
Ending balance at Sep. 30, 2020                                     $ 0     $ 0                              
Beginning balance (in shares) at Dec. 31, 2019 [1]                                                 0 40,879,124 (40,879,124) 72,269,976       0 72,269,976 84,780,000   0 84,780,000
Beginning balance at Dec. 31, 2019 $ (439,662)       $ (2,088,634) $ 1,648,972 $ 1,807,661       $ 158,704 $ 1,648,957 $ (3,284) $ (3,284) $ 0 $ (2,244,054) $ (2,244,054) $ 0             $ 0 $ 0 $ 0 $ 7       $ 0 $ 7 $ 8   $ 0 $ 8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                                          
Stock-based compensation 7,066           7,066                                                            
Exercise of stock options (in shares) [1]                                                       16,048                  
Exercise of stock options 31           31                                                            
Issuance of warrants 490           490                                                            
Foreign currency translation adjustment (1,392)                       (1,392)                                                
Net loss (89,136)                             (89,136)                                          
Ending balance (in shares) at Sep. 30, 2020 [1]                                                 0     72,286,024           84,780,000      
Ending balance at Sep. 30, 2020 (522,603)           1,815,248           (4,676)     (2,333,190)                 $ 0     $ 7           $ 8      
Beginning balance (in shares) at Jun. 30, 2020 [1]                                     0     0                              
Beginning balance at Jun. 30, 2020                                     $ 0     $ 0                              
Ending balance (in shares) at Sep. 30, 2020 [1]                                     0     0                              
Ending balance at Sep. 30, 2020                                     $ 0     $ 0                              
Beginning balance (in shares) at Jun. 30, 2020 [1]                                                 0     72,275,052           84,780,000      
Beginning balance at Jun. 30, 2020 (490,023)           1,811,320           (1,507)     (2,299,851)                 $ 0     $ 7           $ 8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                                          
Stock-based compensation 3,415           3,415                                                            
Exercise of stock options (in shares) [1]                                                       10,972                  
Exercise of stock options 23           23                                                            
Issuance of warrants 490           490                                                            
Foreign currency translation adjustment (3,169)                       (3,169)                                                
Net loss (33,339)                             (33,339)                                          
Ending balance (in shares) at Sep. 30, 2020 [1]                                                 0     72,286,024           84,780,000      
Ending balance at Sep. 30, 2020 (522,603)           1,815,248           (4,676)     (2,333,190)                 $ 0     $ 7           $ 8      
Beginning balance (in shares) at Dec. 31, 2020 [2]                                                       93,099,596           64,000,588      
Beginning balance at Dec. 31, 2020 (579,338)           1,817,760           (5,974)     (2,391,139)                       $ 9           $ 6      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                                          
Conversion of convertible securities (in shares)                                                         423,053 22,454,776 [2] 7,688,153 [2]       0    
Conversion of convertible securities   $ 2,863 $ 294,796 $ 98,375       $ 2,863 $ 294,794 $ 98,374                                       $ 2 $ 1            
Issuance of Class A Common Stock in the Business Combination, net of transaction costs (in shares) [2]                                                       27,798,411                  
Issuance of Class A Common Stock in the Business Combination, net of transaction costs 170,114           170,111                                         $ 3                  
Conversion of assumed PSAC convertible and promissory notes payable into Class A Common Stock (in shares) [2]                                                       80,000                  
Conversion of assumed convertible and promissory notes payable into Class A Common Stock 790           790                                                            
Conversion of liabilities into Class A Common Stock in the Business Combination (in shares) [2]                                                       20,666,825                  
Conversion of liabilities into Class A Common Stock in the Business Combination 285,337           285,335                                         $ 2                  
Conversion of liabilities into the commitment to issue Class A Common Stock in the Business Combination 52,338           52,338                                                            
Legacy FF Ordinary Stock exchanged in the Business Combination for a commitment to issue Class A and Class B Common Stock (in shares)                                                       (117,839,510)           (64,000,588)      
Legacy FF Ordinary Stock exchanged in the Business Combination for a commitment to issue Class A and Class B Common Stock 0           18                                         $ (12)           $ (6)      
Issuance of Class A Common Stock in the PIPE Financing, net of transaction costs (in shares) [2]                                                       76,140,000                  
Issuance of Class A Common Stock in the PIPE Financing, net of transaction costs 692,405           692,397                                         $ 8                  
Settlement of lawsuit and accrued expenses with issuance of stock options 8,459           8,459                                                            
Settlement of accrued rent with issuance of vested stock options 951           951                                                            
Vesting of restricted stock award for employee bonus (in shares) [2]                                                       0                  
Vesting of restricted stock award for employee bonus 14,620           14,620                                                            
Stock-based compensation 8,521           8,521                                                            
Exercise of stock options (in shares) [2]                                                       4,326,920                  
Exercise of stock options 10,492           10,492                                                            
Settlement of receivables through receipt of Class A Common Stock (in shares) [2]                                                       (43,096)                  
Settlement of receivables through receipt of Class A Common Stock (105)           (105)                                                            
Issuance of warrants 17,596           17,596                                                            
Foreign currency translation adjustment (487)                       (487)                                                
Net loss (432,206)                             (432,206)                                          
Ending balance (in shares) at Sep. 30, 2021                                                       134,795,128 [2]           0 [3]      
Ending balance at Sep. 30, 2021 645,521           3,475,314           (6,461)     (2,823,345)                       $ 13           $ 0      
Beginning balance (in shares) at Jun. 30, 2021 [3]                                                       107,659,654           64,000,588      
Beginning balance at Jun. 30, 2021 (552,759)           1,973,314           (6,650)     (2,519,439)                       $ 10           $ 6      
Beginning balance (in shares) at Jun. 30, 2021 [3]                                                       107,659,654           64,000,588      
Beginning balance at Jun. 30, 2021 (552,759)           1,973,314           (6,650)     (2,519,439)                       $ 10           $ 6      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                                          
Conversion of convertible securities (in shares) [3]                                                           11,566,196 7,688,153            
Conversion of convertible securities     $ 160,437 $ 98,375         $ 160,436 $ 98,374                                       $ 1 $ 1            
Issuance of Class A Common Stock in the Business Combination, net of transaction costs (in shares) [3]                                                       27,798,411                  
Issuance of Class A Common Stock in the Business Combination, net of transaction costs 170,114           170,111                                         $ 3                  
Conversion of assumed PSAC convertible and promissory notes payable into Class A Common Stock (in shares) [3]                                                       80,000                  
Conversion of assumed convertible and promissory notes payable into Class A Common Stock 790           790                                                            
Conversion of liabilities into Class A Common Stock in the Business Combination (in shares) [3]                                                       20,666,825                  
Conversion of liabilities into Class A Common Stock in the Business Combination 285,337           285,335                                         $ 2                  
Conversion of liabilities into the commitment to issue Class A Common Stock in the Business Combination 52,338           52,338                                                            
Legacy FF Ordinary Stock exchanged in the Business Combination for a commitment to issue Class A and Class B Common Stock (in shares)                                                       (117,839,510)           (64,000,588)      
Legacy FF Ordinary Stock exchanged in the Business Combination for a commitment to issue Class A and Class B Common Stock 0           18                                         $ (12)           $ (6)      
Issuance of Class A Common Stock in the PIPE Financing, net of transaction costs (in shares) [3]                                                       76,140,000                  
Issuance of Class A Common Stock in the PIPE Financing, net of transaction costs 692,405           692,397                                         $ 8                  
Settlement of lawsuit and accrued expenses with issuance of stock options 8,459           8,459                                                            
Settlement of accrued rent with issuance of vested stock options 951           951                                                            
Vesting of restricted stock award for employee bonus 14,620           14,620                                                            
Stock-based compensation 5,053           5,053                                                            
Exercise of stock options (in shares) [3]                                                       1,078,495                  
Exercise of stock options 2,740           2,740                                                            
Settlement of receivables through receipt of Class A Common Stock (in shares) [3]                                                       (43,096)                  
Settlement of receivables through receipt of Class A Common Stock (105)           (105)                                                            
Issuance of warrants 10,483           10,483                                                            
Foreign currency translation adjustment 189                       189                                                
Net loss (303,906)                             (303,906)                                          
Ending balance (in shares) at Sep. 30, 2021                                                       134,795,128 [2]           0 [3]      
Ending balance at Sep. 30, 2021 $ 645,521           $ 3,475,314           $ (6,461)     $ (2,823,345)                       $ 13           $ 0      
[1] The shares of the Company’s common stock prior to the Business Combination (as defined in Note 1) have been retrospectively recast to reflect the change in the capital structure as a result of the Business Combination as described in Note 3.
[2] The shares of the Company’s common stock prior to the Business Combination (as defined in Note 1) have been retrospectively recast to reflect the change in the capital structure as a result of the Business Combination as described in Note 3.
[3] The shares of the Company’s common stock prior to the Business Combination (as defined in Note 1) have been retrospectively recast to reflect the change in the capital structure as a result of the Business Combination as described in Note 3.