XML 78 R69.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONVERTIBLE PREFERRED STOCK AND EQUITY - Preferred Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2021
Jun. 04, 2021
Dec. 31, 2019
Dec. 31, 2018
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 63,877,518   100,000,000    
Redeemable convertible preferred stock, outstanding (in shares) 63,756,438 0   61,288,000 45,145,000
Redeemable convertible preferred stock, issued (in shares) 63,756,438        
Redeemable convertible preferred stock, carrying value $ 160,605 [1] $ 0 [1]   $ 150,305 $ 83,449
Redeemable convertible preferred stock, liquidation preference $ 165,562        
Legacy Latch          
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 71,204,000        
Redeemable convertible preferred stock, outstanding (in shares) 71,069,000        
Redeemable convertible preferred stock, issued (in shares) 71,069,000        
Redeemable convertible preferred stock, carrying value $ 160,605        
Redeemable convertible preferred stock, liquidation preference $ 165,562        
Series Seed | Legacy Latch          
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 3,971,000        
Redeemable convertible preferred stock, outstanding (in shares) 3,971,000        
Redeemable convertible preferred stock, issued (in shares) 3,971,000        
Issuance price per share (in dollars per share) $ 0.60        
Redeemable convertible preferred stock, carrying value $ 1,768        
Redeemable convertible preferred stock, liquidation preference $ 4,978        
Series Seed | Legacy Latch          
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 4,000,000        
Redeemable convertible preferred stock, outstanding (in shares) 4,000,000        
Redeemable convertible preferred stock, issued (in shares) 4,000,000        
Issuance price per share (in dollars per share) $ 0.63        
Redeemable convertible preferred stock, carrying value $ 2,479        
Redeemable convertible preferred stock, liquidation preference $ 5,101        
Series A | Legacy Latch          
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 15,231,000        
Redeemable convertible preferred stock, outstanding (in shares) 15,231,000        
Redeemable convertible preferred stock, issued (in shares) 15,231,000        
Issuance price per share (in dollars per share) $ 0.75        
Redeemable convertible preferred stock, carrying value $ 11,110        
Redeemable convertible preferred stock, liquidation preference $ 11,367        
Series A-1 | Legacy Latch          
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 8,464,000        
Redeemable convertible preferred stock, outstanding (in shares) 8,464,000        
Redeemable convertible preferred stock, issued (in shares) 8,464,000        
Issuance price per share (in dollars per share) $ 1.18        
Redeemable convertible preferred stock, carrying value $ 9,737        
Redeemable convertible preferred stock, liquidation preference $ 10,000        
Series B | Legacy Latch          
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 15,983,000        
Redeemable convertible preferred stock, outstanding (in shares) 15,983,000        
Redeemable convertible preferred stock, issued (in shares) 15,983,000        
Issuance price per share (in dollars per share) $ 3.13        
Redeemable convertible preferred stock, carrying value $ 50,000        
Redeemable convertible preferred stock, liquidation preference $ 50,000        
Series B - 2019 Convertible Notes conversion at 10% discount | Legacy Latch          
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 2,753,000        
Redeemable convertible preferred stock, outstanding (in shares) 2,753,000        
Redeemable convertible preferred stock, issued (in shares) 2,753,000        
Issuance price per share (in dollars per share) $ 2.82        
Redeemable convertible preferred stock, carrying value $ 8,601        
Redeemable convertible preferred stock, liquidation preference $ 7,752        
Debt conversion, converted instrument, discount rate 10.00%        
Series B-1 | Legacy Latch          
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 18,112,000        
Redeemable convertible preferred stock, outstanding (in shares) 17,977,000        
Redeemable convertible preferred stock, issued (in shares) 17,977,000        
Issuance price per share (in dollars per share) $ 3.74        
Redeemable convertible preferred stock, carrying value $ 66,842        
Redeemable convertible preferred stock, liquidation preference $ 67,300        
Series B-2 | Legacy Latch          
Class of Stock [Line Items]          
Redeemable convertible preferred stock, authorized (in shares) 2,690,000        
Redeemable convertible preferred stock, outstanding (in shares) 2,690,000        
Redeemable convertible preferred stock, issued (in shares) 2,690,000        
Issuance price per share (in dollars per share) $ 3.37        
Redeemable convertible preferred stock, carrying value $ 10,068        
Redeemable convertible preferred stock, liquidation preference $ 9,064        
[1] Shares outstanding for all periods reflect the adjustment for the Exchange Ratio as a result of the Business Combination. Shares issued and outstanding as of December 31, 2021 excludes 738,000 shares subject to vesting requirements. See Note 1, Description of Business.