Tailwind Two Acquisition Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

Organization and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of the dates presented:


(in thousands)	June 30, 2023		December 31, 2022
Payroll-related accruals	$	6,648	$	5,671
Current operating lease liabilities		1,090		971
Accrued interest		2,112		2,107
Other current liabilities		5,840		2,972
Accrued expenses and other current liabilities	$	15,690	$	11,721

Summary of Individual Customers

The table below presents individual customers who accounted for more than 10% of the Company’s combined accounts receivable, net of allowance for credit losses, and contract assets, net of allowance for credit losses, as of the dates presented:


	June 30, 2023	December 31, 2022
Customer A	35%	42%
Customer B	0%	12%
Customer C	13%	11%
Customer D	19%	3%
Customer E	11%	3%
Total	78%	71%