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Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Deficit (unaudited) - USD ($)
$ in Thousands
Total
Adjusted balance
Redeemable Convertible Preferred Stock
Redeemable Convertible Preferred Stock
Adjusted balance
Common Stock
Common Stock
Adjusted balance
Additional Paid-in Capital
Accumulated Deficit
Accumulated Deficit
Adjusted balance
Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2021 $ (226,114) $ (226,114)           $ (226,114) $ (226,114)  
Temporary Equity, Beginning Balance, Shares at Dec. 31, 2021     37,629,060 43,318,218            
Temporary Equity, Beginning Balance at Dec. 31, 2021     $ 291,876 $ 291,876            
Beginning Balance, Shares at Dec. 31, 2021         1,454,239 1,674,106        
Retroactive application of recapitalization (Note 1)         219,867          
Retroactive application of recapitalization (Note 1), Shares, Temporary Equity     5,689,158              
Stock-based compensation expense 2,070           $ 2,070      
Exercise of stock options 64           64      
Exercise of stock options, Shares         17,268          
Stock dividend accrued for Series D preferred stock (2,877)           (2,134) (743)    
Stock dividend accrued for Series D preferred stock, Temporary Equity     $ 2,877              
Redemption value of Series D preferred stock (1,438)             (1,438)    
Redemption value of Series D preferred stock, Temporary Equity     $ 1,438              
Other comprehensive income (loss) (6)                 $ (6)
Net income (loss) (21,892)             (21,892)    
Ending Balance at Mar. 31, 2022 (250,193)             (250,187)   (6)
Temporary Equity, Ending Balance, Shares at Mar. 31, 2022     43,318,218              
Temporary Equity, Ending Balance at Mar. 31, 2022     $ 296,191              
Ending Balance, Shares at Mar. 31, 2022         1,691,374          
Beginning Balance at Dec. 31, 2021 (226,114) $ (226,114)           (226,114) $ (226,114)  
Temporary Equity, Beginning Balance, Shares at Dec. 31, 2021     37,629,060 43,318,218            
Temporary Equity, Beginning Balance at Dec. 31, 2021     $ 291,876 $ 291,876            
Beginning Balance, Shares at Dec. 31, 2021         1,454,239 1,674,106        
Net income (loss) 8,851                  
Ending Balance at Sep. 30, 2022 123,872       $ 8   347,330 (223,473)   7
Ending Balance, Shares at Sep. 30, 2022         77,858,746          
Beginning Balance at Mar. 31, 2022 (250,193)             (250,187)   (6)
Temporary Equity, Beginning Balance, Shares at Mar. 31, 2022     43,318,218              
Temporary Equity, Beginning Balance at Mar. 31, 2022     $ 296,191              
Beginning Balance, Shares at Mar. 31, 2022         1,691,374          
Stock-based compensation expense 1,969           1,969      
Exercise of stock options 41           41      
Exercise of stock options, Shares         15,289          
Stock dividend accrued for Series D preferred stock (2,908)           (2,010) (898)    
Stock dividend accrued for Series D preferred stock, Temporary Equity     2,908              
Redemption value of Series D preferred stock (1,455)             (1,455)    
Redemption value of Series D preferred stock, Temporary Equity     $ 1,455              
Other comprehensive income (loss) (1)                 (1)
Net income (loss) (22,493)             (22,493)    
Ending Balance at Jun. 30, 2022 (275,040)             (275,033)   (7)
Temporary Equity, Ending Balance, Shares at Jun. 30, 2022     43,318,218              
Temporary Equity, Ending Balance at Jun. 30, 2022     $ 300,554              
Ending Balance, Shares at Jun. 30, 2022         1,706,663          
Stock-based compensation expense 1,673           1,673      
Exercise of stock options 40           40      
Exercise of stock options, Shares         26,188          
Stock dividend accrued for Series D preferred stock (1,598)           (721) (877)    
Stock dividend accrued for Series D preferred stock, Temporary Equity     $ 1,598              
Stock dividend accrued for Series D preferred stock, Shares, Temporary Equity     1,008,596              
Redemption value of Series D preferred stock (799)             (799)    
Redemption value of Series D preferred stock, Temporary Equity     $ 799              
Redemption value of Series D preferred stock, Shares, Temporary Equity     8,472,752              
Exercise of Legacy Akili warrants         8,834          
Conversion of redeemable preferred stock into permanent equity, Temporary Equity     $ (302,951)              
Conversion of redeemable preferred stock into permanent equity, Shares, Temporary Equity     (52,799,566)              
Conversion of redeemable preferred stock into permanent equity 302,951       $ 5   302,946      
Conversion of redeemable preferred stock into permanent equity, Shares         52,799,566          
Issuance of common stock upon Business Combination and PIPE Investment 164,283       $ 3   164,280      
Issuance of common stock upon Business Combination and PIPE Investment, Shares         23,317,495          
Reverse recapitalization, net of transaction costs (including ($87,512) of deemed dividends related to Earn-Out Shareholders) (120,888)           (120,888)      
Other comprehensive income (loss) 14                 14
Net income (loss) 53,236             53,236    
Ending Balance at Sep. 30, 2022 123,872       $ 8   347,330 (223,473)   7
Ending Balance, Shares at Sep. 30, 2022         77,858,746          
Beginning Balance at Dec. 31, 2022 110,679       $ 8   350,980 (240,288)   (21)
Beginning Balance, Shares at Dec. 31, 2022         78,022,924          
Stock-based compensation expense 2,449           2,449      
Exercise of stock options, Shares         16,713          
Vesting of RSU's         78,161          
Other comprehensive income (loss) 23                 23
Net income (loss) (20,711)             (20,711)    
Ending Balance at Mar. 31, 2023 92,440       $ 8   353,429 (260,999)   2
Ending Balance, Shares at Mar. 31, 2023         78,117,798          
Beginning Balance at Dec. 31, 2022 $ 110,679       $ 8   350,980 (240,288)   (21)
Beginning Balance, Shares at Dec. 31, 2022         78,022,924          
Exercise of stock options, Shares 28,778                  
Net income (loss) $ (48,346)                  
Ending Balance at Sep. 30, 2023 69,094       $ 8   357,720 (288,634)    
Ending Balance, Shares at Sep. 30, 2023         78,309,213          
Beginning Balance at Mar. 31, 2023 92,440       $ 8   353,429 (260,999)   2
Beginning Balance, Shares at Mar. 31, 2023         78,117,798          
Stock-based compensation expense 2,309           2,309      
Exercise of stock options, Shares         11,511          
Vesting of RSU's         45,223          
Other comprehensive income (loss) (27)                 (27)
Net income (loss) (11,759)             (11,759)    
Ending Balance at Jun. 30, 2023 82,963       $ 8   355,738 (272,758)   25
Ending Balance, Shares at Jun. 30, 2023         78,174,532          
Stock-based compensation expense 1,982           1,982      
Vesting of RSU's         134,681          
Other comprehensive income (loss) 25                 $ 25
Net income (loss) (15,876)             (15,876)    
Ending Balance at Sep. 30, 2023 $ 69,094       $ 8   $ 357,720 $ (288,634)    
Ending Balance, Shares at Sep. 30, 2023         78,309,213