General form of registration statement for all companies including face-amount certificate companies

Summary Of Significant Accounting Policies (Tables)

v3.21.2
Summary Of Significant Accounting Policies (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Summary of earning per share basic and diluted reconciliation
The following table includes the calculation of basic and diluted net income/(loss) per share:
 
    
Six Months Ended June 30,
  
    
2021
     
2020
  
               
    
(in thousands except per share
information)
  
Loss from continuing operations
    $ (203,119 )     $ (23,683 ) 
(Loss) / gain from discontinued operation
      (1,022 )       28,960  
    
 
 
     
 
 
  
Net (loss) / income available to common stockholders
    $ (204,141 )     $ 5,277  
    
 
 
     
 
 
  
Basic and diluted net loss per share - continuing operations
    $ (0.69 )     $ (0.31 ) 
Basic and diluted net income per share - discontinued operations
      —        0.37  
    
 
 
     
 
 
  
Basic and diluted net (loss) / income per share
    $ (0.69 )     $ 0.06  
    
 
 
     
 
 
  
Shares used in the computation of basic and diluted net (loss)/income per share
      294,224        77,371  
The following table includes the calculation of basic and diluted net income/(loss) per share:
 
    
Year Ended December 31,
  
    
     2020     
    
     2019     
  
    
(in thousands except per
share information)
  
Loss from continuing operations
    $ (47,720 )    $ (59,985 ) 
Income/(loss) from discontinued operations
      28,185       (6,160 ) 
    
 
 
    
 
 
  
Net loss available to common stockholders
    $ (19,535 )    $ (66,145 ) 
    
 
 
    
 
 
  
Basic and diluted net loss per share - continuing operations
    $ (0.55 )    $ (2.23 ) 
Basic and diluted net income/(loss) per share - discontinued operations
      0.32       (0.23 ) 
    
 
 
    
 
 
  
Basic and diluted net loss per share - total
    $ (0.23 )    $ (2.46 ) 
    
 
 
    
 
 
  
Shares used in computation of basic and diluted net income/(loss) per share
      87,479       26,942  
Summary of property and equipment net  
The estimated useful lives are as follows:
 
Asset
   
Estimated useful
lives-years
Satellites
    3
Computer equipment and software
    3
Site and other equipment
    3 - 5
Ground station equipment
    2
Office furniture and fixtures
    5
Leasehold improvements
    shorter of useful life
or remaining lease term
Summary of finite lived intangible assets  
The estimated useful lives of the Company’s finite-lived intangible assets are as follows:
 
Asset
   
Estimated useful
lives-years
  
Distribution agreements
      2  
Customer backlog and relationships
     
1-10
  
Technology
     
3-5
  
Osprey Technology Acquisition Corp [Member]    
Summary of earning per share basic and diluted reconciliation
The following table reflects the calculation of basic and diluted net income (loss) per share (in dollars, except per share amounts):
 
    
Three Months

Ended
June 30,
    
Six Months

Ended

June 30,
  
    
2021
    
2020
    
2021
    
2020
  
Class A Common stock subject to possible redemption
                                 
Numerator: Earnings allocable to Class A
Common Stock
subject to possible redemption
                                 
Interest earned on marketable securities held in Trust Account
    $ 15,932     $ 380,337     $ 63,087     $ 1,434,079  
Unrealized loss on marketable securities held in Trust Account
      (5,039 )      (333,649 )      (52 )      (3,663 ) 
Less: interest available to be withdrawn for payment of taxes
      (10,893 )      (17,080 )      (63,035 )      (303,956 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net income attributable to Class A
Common Stock
subject to possible redemption
    $ —       $ 29,608     $ —       $ 1,126,460  
    
 
 
    
 
 
    
 
 
    
 
 
  
Denominator: Weighted Average Class A
Common Stock
subject to possible redemption
                                 
Basic and diluted weighted average shares outstanding, Class A
Common Stock
subject to possible redemption
   
 
31,625,000
 
  
 
28,488,312
 
  
 
28,793,444
 
  
 
28,226,868
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Basic and diluted net income per share, Class A
Common Stock
subject to possible redemption
   
$
0.00
 
  
$
0.04
 
  
$
0.00
 
  
$
0.04
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Non-Redeemable
Common Stock
                                 
Numerator: Net Income (Loss) minus Net Earnings
                                 
Net Income (Loss)
    $ (1,823,714 )    $ (9,128,568 )    $ (14,694,704 )    $ (2,686,114 ) 
Net income (loss) allocable to Class A
Common Stock
subject to possible redemption
      —         (29,608 )      —         (1,126,460 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Non-Redeemable
Net Income (Loss)
   
$
(1,823,714
) 
   $ (9,158,176 )   
$
(14,694,704
) 
  
$
(3,812,574
) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Denominator: Weighted Average
Non-redeemable
common stock
                                 
Basic and diluted weighted average shares outstanding,
Non-redeemable
common stock
(1)
  
 
7,906,250
 
  
 
11,042,938
 
  
 
9,314,206
 
  
 
11,304,382
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Basic and diluted net (loss) income per share,
Non-redeemable
common stock
   
$
(0.23
) 
  
$
(0.83
) 
  
$
(1.58
) 
  
$
(0.34
) 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
The Company has not considered the effect of the warrants sold in the Initial Public Offering and private placement to purchase an aggregate of 24,137,500 shares in the calculation of diluted income (loss) per share, since the inclusion of such warrants would be anti-dilutive.
The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):
 
    
Year Ended
December 31,
2020
    
Year Ended
December 31,
2019
  
Class A Common stock subject to possible redemption
                 
Numerator: Earnings allocable to Class A
Common Stock
subject to possible redemption
                 
Interest earned on marketable securities held in Trust Account
    $ 1,492,477     $ 632,256  
Unrealized gain (loss) on marketable securities held in Trust Account
      2,868       (5,729 ) 
Less: interest available to be withdrawn for payment of taxes
      (240,068 )      (186,104 ) 
            
 
 
  
Net income attributable to Class A
Common Stock
subject to possible redemption
   
$
1,255,278
 
  
$
440,423
 
    
 
 
    
 
 
  
Denominator: Weighted Average Class A Common
S
tock subject to possible redemption
                 
Basic and diluted weighted average shares outstanding, Class A
Common Stock
subject to possible redemption
   
 
27,639,376
 
  
 
28,129,383
 
    
 
 
    
 
 
  
Basic and diluted net income per share, Class A
Common Stock
subject to possible redemption
   
$
0.05
 
  
$
0.02
 
    
 
 
    
 
 
  
Non-Redeemable
Common Stock
                 
Numerator: Net Loss minus Net Earnings
                 
Net loss
    $ (15,265,396 )    $ (7,209,680 ) 
Less: Net income allocable to Class A
Common Stock
subject to possible redemption
      (1,255,278 )      (440,423 ) 
    
 
 
    
 
 
  
Non-Redeemable
Net Loss
   
$
(16,520,674
) 
  
$
(7,650,103
) 
    
 
 
    
 
 
  
Denominator: Weighted Average
Non-Redeemable
common stock
                 
Basic and diluted weighted average shares outstanding,
Non-redeemable
common stock
   
 
11,891,874
 
  
 
7,814,396
 
    
 
 
    
 
 
  
Basic and diluted net loss per share,
Non-redeemable
common stock
   
$
(1.39
) 
  
$
(0.98
)