XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Commitment to Issue Class A Common Stock and Stockholders’ Equity (Deficit) - USD ($)
$ in Thousands
Total
Commitment To Issue Registered Shares
The9 Conditional Obligation
Related Party Notes Payable
Notes payable
Cumulative Effect, Period of Adoption, Adjustment
Class A Common Stock
Class A Common Stock
Commitment To Issue Registered Shares
Class A Common Stock
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
Commitment To Issue Registered Shares
Common Stock
Class A Common Stock
The9 Conditional Obligation
Common Stock
Class A Common Stock
Related Party Notes Payable
Common Stock
Class A Common Stock
Notes payable
Common Stock
Class B Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Commitment To Issue Registered Shares
Additional Paid-in Capital
The9 Conditional Obligation
Additional Paid-in Capital
Related Party Notes Payable
Additional Paid-in Capital
Notes payable
Accumulated Other Comprehensive Gain (Loss)
Accumulated Deficit (As Restated)
Accumulated Deficit (As Restated)
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2020 [1]                   93,099,596         64,000,588                
Beginning balance at Dec. 31, 2020 $ (579,338)                 $ 9         $ 6 $ 1,817,760         $ (5,974) $ (2,391,139)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Transfer of private warrants to unaffiliated parties 0                                            
Conversion of convertible securities (in shares) [1]                       423,053 22,454,776 7,688,153                  
Conversion of convertible securities     $ 2,863 $ 294,796 $ 98,375               $ 2 $ 1       $ 2,863 $ 294,794 $ 98,374      
Issuance of Class A Common Stock in the Business Combination, net of transaction costs (in shares) [1]                   27,798,411                          
Issuance of Class A Common Stock in the Business Combination, net of transaction costs 170,114                 $ 3           170,111              
Conversion of assumed PSAC convertible and promissory notes payable into Class A Common Stock (in shares) [1]                   80,000                          
Conversion of assumed PSAC 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) [1]                   20,666,825                          
Conversion of liabilities into Class A Common Stock in the Business Combination 285,337                 $ 2           285,335              
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) [1]                   (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                 $ (12)         $ (6) 18              
Issuance of shares (in shares) [1]                   76,140,000                          
Issuance of shares 692,405                 $ 8           692,397              
Settlement of lawsuit with issuance of vested 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 (as restated) 8,521                             8,521              
Exercise of stock options (in shares) [1]                   4,326,920                          
Exercise of stock options 10,492                             10,492              
Settlement of receivables through receipt of Class A Common Stock (in shares) [1]                   (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 [1]         0 [2]                
Ending balance at Sep. 30, 2021 645,521                 $ 13         $ 0 3,475,314         (6,461) (2,823,345)  
Beginning balance (in shares) at Jun. 30, 2021 [2]                   107,659,654         64,000,588                
Beginning balance at Jun. 30, 2021 (552,759)                 $ 10         $ 6 1,973,314         (6,650) (2,519,439)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Conversion of convertible securities (in shares) [2]                         11,566,196 7,688,153                  
Conversion of convertible securities       $ 160,437 $ 98,375               $ 1 $ 1         $ 160,436 $ 98,374      
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                 $ 3           170,111              
Conversion of assumed PSAC convertible and promissory notes payable into Class A Common Stock (in shares) [2]                   80,000                          
Conversion of assumed PSAC 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                 $ 2           285,335              
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) [2]                   (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                 $ (12)         $ (6) 18              
Issuance of shares (in shares) [2]                   76,140,000                          
Issuance of shares 692,405                 $ 8           692,397              
Settlement of lawsuit with issuance of vested 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 (as restated) 5,053                             5,053              
Exercise of stock options (in shares) [2]                   1,078,495                          
Exercise of stock options 2,740                             2,740              
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 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 [1]         0 [2]                
Ending balance at Sep. 30, 2021 645,521                 $ 13         $ 0 3,475,314         (6,461) (2,823,345)  
Beginning balance (in shares) at Dec. 31, 2021             0                                
Beginning balance at Dec. 31, 2021             $ 0                                
Beginning balance (Accounting Standards Update 2020-06) at Dec. 31, 2021                 $ 32,900                            
Increase (Decrease) in Temporary Equity [Roll Forward]                                              
Issuance pursuant to commitment to issue registered shares               $ (32,900)                              
Ending balance (in shares) at Sep. 30, 2022             0                                
Ending balance at Sep. 30, 2022             $ 0                                
Beginning balance (in shares) at Dec. 31, 2021                   168,693,323         0                
Beginning balance at Dec. 31, 2021 567,654                 $ 17         $ 0 3,482,226         (6,945) (2,907,644)  
Beginning balance (Accounting Standards Update 2020-06) at Dec. 31, 2021           $ (20,265)                                 $ (20,265)
Beginning balance (Accounting Standards Update 2016-02) at Dec. 31, 2021           $ 3,393                                 $ 3,393
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Transfer of private warrants to unaffiliated parties 186                             186              
Amendment of ATW NPA Warrants (Note 13) 1,238                             1,238              
Conversion of convertible securities (in shares)                   64,843,850                          
Conversion of convertible securities 84,780                 $ 6           84,774              
Issuance of shares (in shares)                   89,152,131 2,387,500       64,000,588                
Issuance of shares 0 $ 32,900               $ 7         $ 6 (13) $ 32,900            
Stock-based compensation (as restated) 9,144                             9,144              
Exercise of stock options (in shares)                   4,100,008                          
Exercise of stock options 9,535                             9,535              
Settlement of receivables through receipt of Class A Common Stock (in shares)                   (96,759)                          
Settlement of receivables through receipt of Class A Common Stock (767)                             (767)              
Receipt of class A common stock in consideration of exercises of options (in shares)                   (311,878)                          
Receipt of class A common stock in consideration of exercises of options (669)                             (669)              
Exercise of warrants (in shares)                   17,026,193                          
Exercise of warrants 1,728                 $ 1           1,727              
Foreign currency translation adjustment 13,548                                       13,548    
Net loss (414,664)                                         (414,664)  
Ending balance (in shares) at Sep. 30, 2022                   345,794,368         64,000,588                
Ending balance at Sep. 30, 2022 287,741                 $ 31         $ 6 3,620,281         6,603 (3,339,180)  
Beginning balance (in shares) at Jun. 30, 2022             0                                
Beginning balance at Jun. 30, 2022             $ 32,900                                
Increase (Decrease) in Temporary Equity [Roll Forward]                                              
Issuance pursuant to commitment to issue registered shares               $ (32,900)                              
Ending balance (in shares) at Sep. 30, 2022             0                                
Ending balance at Sep. 30, 2022             $ 0                                
Beginning balance (in shares) at Jun. 30, 2022                   238,543,475         64,000,588                
Beginning balance at Jun. 30, 2022 268,502                 $ 24         $ 6 3,491,041         (3,261) (3,219,308)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                              
Transfer of private warrants to unaffiliated parties 186                             186              
Amendment of ATW NPA Warrants (Note 13) 1,238                             1,238              
Conversion of convertible securities (in shares)                   64,843,850                          
Conversion of convertible securities 84,780                 $ 6           84,774              
Issuance of shares (in shares)             20,264,715     20,264,715 2,387,500                        
Issuance of shares   $ 32,900                             $ 32,900            
Stock-based compensation (as restated) 2,670                             2,670              
Exercise of stock options (in shares)                   3,137,272                          
Exercise of stock options 7,181                             7,181              
Settlement of receivables through receipt of Class A Common Stock (in shares)                   (96,759)                          
Settlement of receivables through receipt of Class A Common Stock (767)                             (767)              
Receipt of class A common stock in consideration of exercises of options (in shares)                   (311,878)                          
Receipt of class A common stock in consideration of exercises of options (669)                             (669)              
Exercise of warrants (in shares)                   17,026,193                          
Exercise of warrants 1,728                 $ 1           1,727              
Foreign currency translation adjustment 9,864                                       9,864    
Net loss (119,872)                                         (119,872)  
Ending balance (in shares) at Sep. 30, 2022                   345,794,368         64,000,588                
Ending balance at Sep. 30, 2022 $ 287,741                 $ 31         $ 6 $ 3,620,281         $ 6,603 $ (3,339,180)  
[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 4.
[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 4.