XML 26 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Class A
Common Stock
Class B
Common Stock
Redeemable Convertible Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Legacy SoundHound Redeemable Convertible Preferred Stock
Total
Balance at Dec. 31, 2019     $ 223,641 $ 1 $ 25,936 $ (6) $ (232,782)   $ (206,851)
Balance (in Shares) at Dec. 31, 2019     17,784,975 11,750,082          
Issuance of redeemable convertible Series D3 preferred stock Preferred stock exchange at $33.00 per share     $ 15,000  
Issuance of redeemable convertible Series D3 preferred stock Preferred stock exchange at $33.00 per share (in Shares)     454,545            
Issuance of redeemable convertible Series D3 preferred stock Preferred stock exchange at $40.00 per share     $ 1,000  
Issuance of redeemable convertible Series D3 preferred stock Preferred stock exchange at $40.00 per share (in Shares)     25,000            
Conversion of convertible notes for redeemable convertible Series D-3 preferred stock     $ 30,664  
Conversion of convertible notes for redeemable convertible Series D-3 preferred stock (in Shares)     766,293            
Preferred stock exchange (D-3 to D-3A)     $ 3,182 (3,182)   (3,182)
Issuance of redeemable convertible preferred stock upon net exercise of Warrants     $ 200 1,931   1,931
Issuance of redeemable convertible preferred stock upon net exercise of Warrants (in Shares)     101,574            
Issuance of common stock upon exercise of stock options     254   254
Issuance of common stock upon exercise of stock options (in Shares)       68,679          
Other comprehensive gain, net of tax       5   5
Stock-based compensation     5,897   5,897
Net loss     (74,407)   (74,407)
Balance at Dec. 31, 2020 $ 273,687 $ 1 30,836 (1) (307,189) $ 273,687 (276,353)
Balance (in Shares) at Dec. 31, 2020     19,132,387 11,818,761       19,132,387  
Issuance of common stock warrants   3,842 3,842
Retroactive application of Business Combination (Note 3)  
Retroactive application of Business Combination (Note 3) (in Shares)       53,849,015       87,171,583  
Adjusted balance, beginning of period   $ 1 30,836 (1) (307,189) $ 273,687 (276,353)
Adjusted balance, beginning of period (in Shares)       65,667,776       106,303,970  
Issuance of common stock upon exercise of stock options   1,906 1,906
Issuance of common stock upon exercise of stock options (in Shares)       2,178,412          
Other comprehensive gain, net of tax   1 1
Stock-based compensation   4,049 4,049
Net loss   (57,693) (57,693)
Balance at Sep. 30, 2021   $ 1 40,633 (364,882) $ 273,687 (324,248)
Balance (in Shares) at Sep. 30, 2021   67,846,188       106,303,970  
Balance at Dec. 31, 2020 $ 273,687 $ 1 30,836 (1) (307,189) $ 273,687 (276,353)
Balance (in Shares) at Dec. 31, 2020     19,132,387 11,818,761       19,132,387  
Issuance of redeemable convertible preferred stock upon net exercise of Warrants     $ 5,816  
Issuance of redeemable convertible preferred stock upon net exercise of Warrants (in Shares)     116,150            
Issuance of common stock warrants     3,843   3,843
Issuance of common stock upon exercise of stock options     2,490   2,490
Issuance of common stock upon exercise of stock options (in Shares)       461,290          
Other comprehensive gain, net of tax     1   1
Stock-based compensation     6,322   6,322
Net loss     (79,540)   (79,540)
Balance at Dec. 31, 2021 $ 279,503 $ 1 43,491 (386,729) $ 279,503 (343,237)
Balance (in Shares) at Dec. 31, 2021 19,248,537 12,280,051       19,248,537  
Balance at Jun. 30, 2021   $ 1 39,084 (341,101) $ 273,687 (302,016)
Balance (in Shares) at Jun. 30, 2021   67,633,891       106,303,970  
Issuance of common stock upon exercise of stock options   234 234
Issuance of common stock upon exercise of stock options (in Shares)       212,297          
Stock-based compensation   1,315 1,315
Net loss   (23,781) (23,781)
Balance at Sep. 30, 2021   $ 1 40,633 (364,882) $ 273,687 (324,248)
Balance (in Shares) at Sep. 30, 2021   67,846,188       106,303,970  
Balance at Dec. 31, 2021 $ 279,503 $ 1 43,491 (386,729) $ 279,503 (343,237)
Balance (in Shares) at Dec. 31, 2021 19,248,537 12,280,051       19,248,537  
Retroactive application of Business Combination (Note 3)   $ (1) 279,504 $ (279,503) 279,503
Retroactive application of Business Combination (Note 3) (in Shares)       55,978,505       87,700,789  
Adjusted balance, beginning of period   322,995 (386,729) (63,734)
Adjusted balance, beginning of period (in Shares)       68,258,556       106,949,326  
Issuance of common stock upon exercise of stock options   2,840 2,840
Issuance of common stock upon exercise of stock options (in Shares)       2,582,535          
Net exercise of outstanding warrants  
Net exercise of outstanding warrants (in Shares)       673,416          
Conversion of convertible note   20,239 20,239
Conversion of convertible note (in Shares)       2,046,827          
Effect of reverse recapitalization, net of costs (Note 3) $ 14 $ 4   (18)
Effect of reverse recapitalization, net of costs (Note 3) (in Shares) 140,114,060 40,396,600   (73,561,334)       (106,949,326)  
PIPE financing $ 1   86,584 86,585
PIPE financing (in Shares) 11,300,000                
Issuance of Class A common shares pursuant to the Business Combination $ 1   4,105 4,106
Issuance of Class A common shares pursuant to the Business Combination (in Shares) 4,693,050                
Issuance of Class A common shares upon exercise of stock options   780 780
Issuance of Class A common shares upon exercise of stock options (in Shares) 557,030                
Issuance of common stock upon vesting of restricted stock units  
Issuance of common stock upon vesting of restricted stock units (in Shares) 631,925                
Stock-based compensation   19,500 19,500
Net loss   (84,693) (84,693)
Balance at Sep. 30, 2022 $ 16 $ 4   457,025 (471,422) (14,377)
Balance (in Shares) at Sep. 30, 2022 157,296,065 40,396,600          
Balance at Jun. 30, 2022 $ 16 $ 4   447,136 (442,500) 4,656
Balance (in Shares) at Jun. 30, 2022 156,266,549 40,396,600          
Issuance of Class A common shares upon exercise of stock options   716 716
Issuance of Class A common shares upon exercise of stock options (in Shares) 514,931                
Issuance of common stock upon vesting of restricted stock units  
Issuance of common stock upon vesting of restricted stock units (in Shares) 514,585                
Stock-based compensation   9,173 9,173
Net loss   (28,922) (28,922)
Balance at Sep. 30, 2022 $ 16 $ 4   $ 457,025 $ (471,422) $ (14,377)
Balance (in Shares) at Sep. 30, 2022 157,296,065 40,396,600