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

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

v3.21.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:      
Cash and cash equivalents $ 68,386 $ 1,184,215  
Restricted cash   422 $ 136
Inventory   12,019,000 17,142,000
Total current assets 351,449 1,499,434  
Property, plant and equipment, net   4,833,000 5,517,000
Right-of-use assets, net   7,882,000 10,032,000
Other non-current assets   3,837,000 3,457,000
Total Assets 116,533,229 117,661,907  
Current liabilities:      
Accounts payable 1,591,223 96,248  
Other accrued expenses   22,538,000 17,434,000
Subordinated debt   10,065,000
Current portion of long-term debt   298,000 272,000
Total current liabilities 1,601,223 96,248  
Long-term debt   2,087,000
Total liabilities 20,026,793 16,493,248  
Mezzanine equity:      
Convertible preferred stock, $0.0001 par value;  9,293,156 shares authorized at June 30, 2021 and December 31, 2020; 4,594,410 and 4,581,404 shares issued and outstanding at June 30, 2021 and December 31, 2020 0 0  
Common stock, $0.0001 par value; 100,000,000 shares authorized; 5,398,351 shares issued and outstanding (excluding 9,521,649 shares subject to possible redemption) 586 540  
Additional paid-in capital 5,569,218 907,041  
Accumulated deficit (569,799) 4,092,424  
Total stockholders’ equity 5,000,005 5,000,005  
Total Liabilities and Stockholders’ Equity 116,533,229 117,661,907  
Common Class B [Member]      
Mezzanine equity:      
Common stock, $0.0001 par value; 100,000,000 shares authorized; 5,398,351 shares issued and outstanding (excluding 9,521,649 shares subject to possible redemption)
Common Class C [Member]      
Mezzanine equity:      
Common stock, $0.0001 par value; 100,000,000 shares authorized; 5,398,351 shares issued and outstanding (excluding 9,521,649 shares subject to possible redemption)
Airspan [Member]      
Current assets:      
Cash and cash equivalents 12,208,000 18,196,000 2,877,000
Restricted cash 187,000 422,000 136,000
Accounts receivable, net of allowance of $256 and $374 at June 30, 2021 and December 31, 2020, respectively 40,671,000 71,621,000 40,281,000
Inventory 13,048,000 12,019,000 17,142,000
Prepaid expenses and other current assets 9,062,000 7,602,000  
Total current assets 75,176,000 109,860,000 68,521,000
Property, plant and equipment, net 6,425,000 4,833,000 5,517,000
Goodwill 13,641,000 13,641,000 13,641,000
Intangible assets, net 7,031,000 7,629,000  
Right-of-use assets, net 7,750,000 7,882,000 10,032,000
Other non-current assets 3,781,000 3,837,000 3,457,000
Total Assets 113,804,000 147,682,000 110,530,000
Current liabilities:      
Accounts payable 17,890,000 36,849,000 24,837,000
Deferred revenue 4,729,000 7,521,000 10,035,000
Other accrued expenses 26,251,000 22,538,000  
Subordinated debt 10,316,000 10,065,000  
Current portion of long-term debt 288,000 298,000 272,000
Total current liabilities 59,474,000 77,271,000 150,219,000
Long-term debt 2,087,000
Subordinated term loan - related party 36,325,000 34,756,000  
Senior term loan 38,895,000 36,834,000 0
Other long-term liabilities 21,285,000 17,147,000  
Total liabilities 155,979,000 168,095,000 161,501,000
Mezzanine equity:      
Convertible preferred stock, $0.0001 par value;  9,293,156 shares authorized at June 30, 2021 and December 31, 2020; 4,594,410 and 4,581,404 shares issued and outstanding at June 30, 2021 and December 31, 2020 364,128,000 363,481,000 309,923,000
Common stock, $0.0001 par value; 100,000,000 shares authorized; 5,398,351 shares issued and outstanding (excluding 9,521,649 shares subject to possible redemption)
Additional paid-in capital 312,989,000 311,431,000 308,788,000
Accumulated deficit (719,292,000) (695,325,000) (669,682,000)
Total stockholders’ equity (406,303) (383,894) (360,894)
Total Liabilities and Stockholders’ Equity $ 113,804,000 $ 147,682,000 $ 110,530,000