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)

3 Months Ended

Mar. 31, 2024

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)	March 31, 2024		December 31, 2023
Current warrant and derivative liabilities(1)	$	22,222	$	-
Payroll-related accruals		6,249		8,248
Current operating lease liabilities		1,674		1,505
Accrued interest		2,067		2,116
Other current liabilities		3,507		2,539
Accrued expenses and other current liabilities	$	35,719	$	14,408

(1) - Refer to Note 6 “Warrants and Derivatives” for further discussion.

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:



	March 31, 2024	December 31, 2023
Customer A	88%	82%
Customer B	0%	12%
Total	88%	94%