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
Accounting Policies [Abstract]    
Schedule of earning per share
           
    For the Three     For the Six  
    Months Ended     Months Ended  
    June 30,
2021
    June 30,
2021
 
Common stock subject to possible redemption                
Numerator: Net income allocable to common stock subject to possible redemption amortized interest income on marketable securities held in trust   $ 3,151     $ 11,723  
Less: interest available to be withdrawn for payment of taxes     (3,151 )     (11,723 )
Net income allocable to common stock subject to possible redemption   $ -     $ -  
Denominator: Weighted average redeemable common stock, basic and diluted     9,822,956       9,673,135  
Basic and diluted net income per share, redeemable common stock   $ 0.00     $ 0.00  
                 
Non-redeemable common stock                
Numerator: Net loss minus redeemable net earnings                
Net loss   $ (7,705,427 )   $ (4,662,223 )
Redeemable net earnings     -       -  
Non-redeemable net loss   $ (7,705,427 )   $ (4,662,223 )
Denominator: Weighted average non-redeemable common stock, basic and diluted     5,097,044       5,246,865  
    Basic and diluted net loss per share, common stock   $ (1.51 )   $ (0.89 )
       
    For the Period from  
    August 20,
2020 (Inception)
 
    through December 31,
2020
 
Common stock subject to possible redemption        
Numerator: Net income allocable to common stock subject to possible redemption Amortized Interest income on marketable securities held in trust   $ 7,960  
Less: interest available to be withdrawn for payment of taxes     (7,960 )
Net income allocable to common stock subject to possible redemption   $

 
Denominator: Weighted Average Redeemable common stock Redeemable Common Stock, Basic and Diluted     3,399,685  
Basic and Diluted net income per share, Redeemable Common Stock   $ 0.00  
         
Non-Redeemable Common Stock        
Numerator: Net Income minus Redeemable Net Earnings        
Net Income   $ 4,092,424  
Redeemable Net Earnings    

 
Non-Redeemable Net Income   $ 4,092,424  
Denominator: Weighted Average Non-Redeemable Common Stock Basic and diluted weighted average shares outstanding, common stock     4,646,706  
Basic and diluted net income per share, common stock   $ 0.88  
Schedule of cash and cash equivalents and restricted cash  
                       
    December 31,  
    2020     2019     2018  
Cash and cash equivalents   $ 18,196     $ 2,877     $ 5,553  
Restricted cash     422       136       1,450  
Total cash, cash equivalents and restricted cash shown in the statement of cash flows   $ 18,618     $ 3,013     $ 7,003  

 

Schedule of restricted cash  
               
    December 31,  
    2020     2019  
Customer and supplier guarantees   $ 298     $ 13  
Landlord guarantees     124       123  
Total   $ 422     $ 136  
Schedule of revenue  
                       
    Year Ended December 31,  
    2020     2019     2018  
Products sales   $ 131,105     $ 121,741     $ 185,092  
Non-recurring engineering (“NRE”)     16,007       21,713       14,291  
Product maintenance contracts     11,796       9,221       2,153  
Professional service contracts     10,814       7,473       6,796  
Software licenses     2,757       5,607       2,012  
Other     476       276       407  
Total revenues   $ 172,955     $ 166,031     $ 210,751  
Schedule of contract asset and liability balances from contracts with customers  
               
    Contracts
Assets
    Contracts
Liabilities
 
Balance as of December 31, 2019   $ 11,823     $ 10,035  
Balance as of December 31, 2020     5,361       7,521  
Change   $ 6,462     $ 2,514  
Schedule of revenues from contract liability  
           
    Year Ended December 31,  
    2020     2019  
Amounts included in the beginning of year contract liability balance   $ 3,576     $ 2,407  
Schedule of product warranty liabilities  
               
    December 31,  
    2020     2019  
Balance, beginning of period   $ 981     $ 1,609  
Accruals     826       824  
Settlements     (788 )     (1,452 )
Balance, end of period   $ 1,019     $ 981  
Schedule of cash and restricted cash balances  
               
    December 31,  
    2020     2019  
Cash in U.S. dollars in U.S. banks   $ 15,997     $ 1,161  
Cash in foreign banks and foreign currency     2,612       1,843  
Petty cash     9       9  
Total   $ 18,618     $ 3,013