Tailwind Two Acquisition Corp. General form of registration statement for all companies including face-amount certificate companies

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

Organization and Summary of Significant Accounting Policies (Tables)

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following as of the periods presented:


	December 31,
(in thousands)	2021		2020
Deferred debt commitment costs	$	46,632	$	—
Deferred equity issuance costs		6,085		—
Deferred cost of sales		2,950		3,573
Other current assets		1,972		1,643

Prepaid expenses and other current assets	$	57,639	$	5,216

Summary of Accrued expenses and other current liabilities

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


	December 31,
(in thousands)	2021		2020
Current warrant and derivative liabilities (1)	$	68,518	$	—
Payroll-related accruals		5,771		1,834
Other current liabilities		1,847		797

Accrued expenses and other current liabilities	$	76,136	$	2,631

(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 revenue for the periods presented:


	Year Ended December 31,
	2021			2020
Customer A		50	%		22	%
Customer B		6	%		13	%

Total		56	%		35	%

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


	December 31,
	2021			2020
Customer A		32	%		9	%
Customer B		19	%		37	%
Customer C		14	%		15	%
Customer D		13	%		3	%
Customer E		10	%		9	%

Total		88	%		73	%