XML 34 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)
Total
Gores Metropoulos II, Inc.
Class A Common Stock
Gores Metropoulos II, Inc.
Class F Common Stock
Gores Metropoulos II, Inc.
Common Stock
Class A Common Stock
Gores Metropoulos II, Inc.
Common Stock
Class F Common Stock
Gores Metropoulos II, Inc.
Additional Paid-in Capital
Additional Paid-in Capital
Gores Metropoulos II, Inc.
Accumulated Deficit
Accumulated Deficit
Gores Metropoulos II, Inc.
Beginning balance at Dec. 31, 2018 $ (90,882,000)           $ 856,000   $ (91,860,000)  
Net loss (178,249,000)               (178,249,000)  
Ending balance at Dec. 31, 2019 (258,670,000)           5,032,000   (270,109,000)  
Net loss (178,056,000)               (178,056,000)  
Ending balance at Sep. 30, 2020 (434,748,000) $ 3,255       $ 1,150 12,110,000 $ 23,850 (448,166,000) $ (21,745)
Ending balance (in shares) at Sep. 30, 2020           11,500,000        
Beginning balance at Dec. 31, 2019 (258,670,000)           5,032,000   (270,109,000)  
Net loss (250,316,000)               (250,316,000)  
Ending balance at Dec. 31, 2020 (500,860,000) (14,918)     $ 0 $ 1,150 13,898,000 23,850 (520,425,000) (39,918)
Ending balance (in shares) at Dec. 31, 2020         0 11,500,000        
Beginning balance at Jun. 30, 2020 (382,422,000)           10,698,000   (392,651,000)  
Net loss (55,514,000)               (55,514,000)  
Ending balance at Sep. 30, 2020 (434,748,000) 3,255       $ 1,150 12,110,000 23,850 (448,166,000) (21,745)
Ending balance (in shares) at Sep. 30, 2020           11,500,000        
Beginning balance at Jul. 20, 2020   0     $ 0 $ 0   0   0
Beginning balance (in shares) at Jul. 20, 2020         0 0        
Sale of Class F common stock, par value $0.0001 per share, to Sponsor on July 23, 2020   25,000       $ 1,150   23,850    
Sale of Class F common stock, par value $0.0001 per share, to Sponsor on July 23, 2020 (shares)           11,500,000        
Net loss   (21,745)               (21,745)
Ending balance at Sep. 30, 2020 (434,748,000) 3,255       $ 1,150 12,110,000 23,850 (448,166,000) (21,745)
Ending balance (in shares) at Sep. 30, 2020           11,500,000        
Beginning balance at Jul. 20, 2020   0     $ 0 $ 0   0   0
Beginning balance (in shares) at Jul. 20, 2020         0 0        
Sale of Class F common stock, par value $0.0001 per share, to Sponsor on July 23, 2020 [1]   25,000     $ 0 $ 1,150   23,850   0
Sale of Class F common stock, par value $0.0001 per share, to Sponsor on July 23, 2020 (shares) [1]         0 11,500,000        
Net loss   (39,918)     $ 0 $ 0   0   (39,918)
Ending balance at Dec. 31, 2020 (500,860,000) (14,918)     $ 0 $ 1,150 13,898,000 23,850 (520,425,000) (39,918)
Ending balance (in shares) at Dec. 31, 2020         0 11,500,000        
Common stock par value (in dollars per share)     $ 0.0001 $ 0.0001            
Forfeited Class F Common stock by Sponsor           $ (25)   25    
Forfeited Class F Common stock by Sponsor (shares)           (250,000)        
Excess of fair value paid by founders for warrants   1,045,000           1,045,000    
Subsequent measurement under ASC 480-10-S99 against additional paid-in capital   (1,068,875)           (1,068,875)    
Subsequent measurement under ASC 480-10-S99 against accumulated deficit   (39,666,004)               (39,666,004)
Net loss (217,074,000) (5,122,333)             (217,074,000) (5,122,333)
Ending balance at Sep. 30, 2021 (692,847,000) (44,827,130)       $ 1,125 37,271,000 0 (737,499,000) (44,828,255)
Ending balance (in shares) at Sep. 30, 2021           11,250,000        
Beginning balance at Jun. 30, 2021 (631,672,000) (38,943,467)       $ 1,125 32,742,000 0 (672,915,000) (38,944,592)
Beginning balance (in shares) at Jun. 30, 2021           11,250,000        
Net loss (64,584,000) (5,883,663)             (64,584,000) (5,883,663)
Ending balance at Sep. 30, 2021 $ (692,847,000) $ (44,827,130)       $ 1,125 $ 37,271,000 $ 0 $ (737,499,000) $ (44,828,255)
Ending balance (in shares) at Sep. 30, 2021           11,250,000        
Common stock par value (in dollars per share)     $ 0.0001 $ 0.0001            
[1] This number includes up to $1,500,000 shares of Class F common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters.