Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Changes in Shareholders' Equity

v3.21.2
Condensed Statement of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Previously Reported [Member]
Reverse Capitalization [Member]
Series A Preferred Stock [Member]
Series A Preferred Stock [Member]
Previously Reported [Member]
Series A Preferred Stock [Member]
Reverse Capitalization [Member]
Series A1 Preferred Stock [Member]
Series A1 Preferred Stock [Member]
Previously Reported [Member]
Series A1 Preferred Stock [Member]
Reverse Capitalization [Member]
Series B Preferred Stock [Member]
Series B Preferred Stock [Member]
Previously Reported [Member]
Series B Preferred Stock [Member]
Reverse Capitalization [Member]
Series C Preferred Stock [Member]
Series C Preferred Stock [Member]
Previously Reported [Member]
Series C Preferred Stock [Member]
Reverse Capitalization [Member]
Common Stock [Member]
Common Stock [Member]
Previously Reported [Member]
Common Stock [Member]
Reverse Capitalization [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Previously Reported [Member]
Additional Paid-in Capital [Member]
Reverse Capitalization [Member]
Accumulated Deficit [Member]
Accumulated Deficit [Member]
Previously Reported [Member]
Accumulated Deficit [Member]
Reverse Capitalization [Member]
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Loss [Member]
Previously Reported [Member]
Accumulated Other Comprehensive Loss [Member]
Reverse Capitalization [Member]
Beginning balance at Dec. 31, 2019   $ 79,240 $ 79,240                           $ 2 $ 3   $ 161,556 $ 161,555   $ (78,526) $ (78,526)   $ (3,792) $ (3,792)
Beginning balance, shares at Dec. 31, 2019                                 218 30,310                  
Temporary equity, beginning balance at Dec. 31, 2019   236,995 236,995   $ 68,360 $ 68,360   $ 69,495 $ 69,495   $ 82,338 $ 82,338   $ 16,802 $ 16,802                        
Temporary equity, beginning balance, shares at Dec. 31, 2019         43 6,836   60 6,950   57 8,234   17 2,566                        
Conversion of stock                               $ 1     $ (1)                
Conversion of stock, shares       6,793     6,890     8,177     2,549     30,092                      
Repurchase of stock $ (200)                                   (200)                
Repurchase of stock, shares                               (28)                      
Accrued dividends payable (6,652)     $ 0           $ 0                 (6,652)                
Temporary equity of accrued dividends payable 6,652     $ 2,216     $ 2,383     $ 2,053                                  
Temporary equity of accrued dividends payable, shares       222     238     205                                  
Foreign currency translation adjustment (3,113)                                               $ (3,113)    
Share-based compensation 216                                   216                
Net loss (2,768)                                         $ (2,768)          
Temporary equity, ending balance at Mar. 31, 2020 243,647     $ 70,576     $ 71,878     $ 84,391     $ 16,802                            
Temporary equity, ending balance, shares at Mar. 31, 2020       7,058     7,188     8,439     2,566                            
Ending balance at Mar. 31, 2020 66,723                             $ 3     154,919     (81,294)     (6,905)    
Ending balance, shares at Mar. 31, 2020                               30,282                      
Beginning balance at Dec. 31, 2019   79,240 79,240                           $ 2 $ 3   161,556 161,555   (78,526) (78,526)   (3,792) (3,792)
Beginning balance, shares at Dec. 31, 2019                                 218 30,310                  
Temporary equity, beginning balance at Dec. 31, 2019   236,995 236,995   $ 68,360 $ 68,360   $ 69,495 $ 69,495   $ 82,338 $ 82,338   $ 16,802 $ 16,802                        
Temporary equity, beginning balance, shares at Dec. 31, 2019         43 6,836   60 6,950   57 8,234   17 2,566                        
Foreign currency translation adjustment (896)                                                    
Net loss (19,474)                                                    
Temporary equity, ending balance at Sep. 30, 2020 257,487     $ 75,176     $ 76,834     $ 88,675     $ 16,802                            
Temporary equity, ending balance, shares at Sep. 30, 2020       7,519     7,683     8,867     2,566                            
Ending balance at Sep. 30, 2020 39,024                             $ 3     141,709     (98,000)     (4,688)    
Ending balance, shares at Sep. 30, 2020                               30,282                      
Beginning balance at Mar. 31, 2020 66,723                             $ 3     154,919     (81,294)     (6,905)    
Beginning balance, shares at Mar. 31, 2020                               30,282                      
Temporary equity, beginning balance at Mar. 31, 2020 243,647     $ 70,576     $ 71,878     $ 84,391     $ 16,802                            
Temporary equity, beginning balance, shares at Mar. 31, 2020       7,058     7,188     8,439     2,566                            
Accrued dividends payable (6,701)     $ 0           $ 0                 (6,701)                
Temporary equity of accrued dividends payable 6,701     $ 2,215     $ 2,382     $ 2,104                                  
Temporary equity of accrued dividends payable, shares       222     238     210                                  
Foreign currency translation adjustment 830                                               830    
Share-based compensation 315                                   315                
Net loss (11,058)                                         (11,058)          
Temporary equity, ending balance at Jun. 30, 2020 250,348     $ 72,791     $ 74,260     $ 86,495     $ 16,802                            
Temporary equity, ending balance, shares at Jun. 30, 2020       7,280     7,426     8,649     2,566                            
Ending balance at Jun. 30, 2020 50,109                             $ 3     148,533     (92,352)     (6,075)    
Ending balance, shares at Jun. 30, 2020                               30,282                      
Accrued dividends payable (7,139)     $ 0           $ 0                 (7,139)                
Temporary equity of accrued dividends payable 7,139     $ 2,385     $ 2,574     $ 2,180                                  
Temporary equity of accrued dividends payable, shares       239     257     218                                  
Foreign currency translation adjustment 1,387                                               1,387    
Share-based compensation 315                                   315                
Net loss (5,648)                                         (5,648)          
Temporary equity, ending balance at Sep. 30, 2020 257,487     $ 75,176     $ 76,834     $ 88,675     $ 16,802                            
Temporary equity, ending balance, shares at Sep. 30, 2020       7,519     7,683     8,867     2,566                            
Ending balance at Sep. 30, 2020 39,024                             $ 3     141,709     (98,000)     (4,688)    
Ending balance, shares at Sep. 30, 2020                               30,282                      
Beginning balance at Dec. 31, 2020 20,216 20,216 20,216                           $ 2 $ 3   135,617 135,616   (113,726) (113,726)   (1,677) (1,677)
Beginning balance, shares at Dec. 31, 2020                                 218 30,282                  
Temporary equity, beginning balance at Dec. 31, 2020   263,895 263,895   $ 77,562 $ 77,562   $ 78,621 $ 78,621   $ 90,910 $ 90,910   $ 16,802 $ 16,802                        
Temporary equity, beginning balance, shares at Dec. 31, 2020       7,756,158 43 7,756 7,862,107 60 7,862 9,090,975 57 9,091 2,566,186 17 2,566                        
Conversion of stock                               $ 1     (1)                
Conversion of stock, shares       7,713     7,802     9,034     2,549     30,064                      
Accrued dividends payable (7,393)     $ 0           $ 0                 (7,393)                
Temporary equity of accrued dividends payable 7,393     $ 2,486     $ 2,666     $ 2,241                                  
Temporary equity of accrued dividends payable, shares       249     267     224                                  
Foreign currency translation adjustment (900)                                               (900)    
Share-based compensation 315                                   315                
Net loss (1,081)                                         (1,081)          
Temporary equity, ending balance at Mar. 31, 2021 271,288     $ 80,048     $ 81,287     $ 93,151     $ 16,802                            
Temporary equity, ending balance, shares at Mar. 31, 2021       8,005     8,129     9,315     2,566                            
Ending balance at Mar. 31, 2021 11,157                             $ 3     128,538     (114,807)     (2,577)    
Ending balance, shares at Mar. 31, 2021                               30,282                      
Beginning balance at Dec. 31, 2020 20,216 20,216 20,216                           $ 2 $ 3   $ 135,617 $ 135,616   $ (113,726) $ (113,726)   $ (1,677) $ (1,677)
Beginning balance, shares at Dec. 31, 2020                                 218 30,282                  
Temporary equity, beginning balance at Dec. 31, 2020   $ 263,895 $ 263,895   $ 77,562 $ 77,562   $ 78,621 $ 78,621   $ 90,910 $ 90,910   $ 16,802 $ 16,802                        
Temporary equity, beginning balance, shares at Dec. 31, 2020       7,756,158 43 7,756 7,862,107 60 7,862 9,090,975 57 9,091 2,566,186 17 2,566                        
Foreign currency translation adjustment (1,479)                                                    
Net loss (12,474)                                                    
Temporary equity, ending balance at Sep. 30, 2021 0     $ 0     $ 0     $ 0     $ 0                            
Temporary equity, ending balance, shares at Sep. 30, 2021       0     0     0     0                            
Ending balance at Sep. 30, 2021 283,967                             $ 7     413,316     (126,200)     (3,156)    
Ending balance, shares at Sep. 30, 2021                               71,810                      
Beginning balance at Mar. 31, 2021 11,157                             $ 3     128,538     (114,807)     (2,577)    
Beginning balance, shares at Mar. 31, 2021                               30,282                      
Temporary equity, beginning balance at Mar. 31, 2021 271,288     $ 80,048     $ 81,287     $ 93,151     $ 16,802                            
Temporary equity, beginning balance, shares at Mar. 31, 2021       8,005     8,129     9,315     2,566                            
Accrued dividends payable (7,532)     $ 0           $ 0                 (7,532)                
Temporary equity of accrued dividends payable 7,532     $ 2,514     $ 2,695     $ 2,323                                  
Temporary equity of accrued dividends payable, shares       251     270     232                                  
Foreign currency translation adjustment 743                                               743    
Share-based compensation 315                                   315                
Derecognition of shares, value (300)                       $ (300)                            
Derecognition of shares, shares                         (46)                            
Net loss (6,885)                                         (6,885)          
Temporary equity, ending balance at Jun. 30, 2021 278,520     $ 82,562     $ 83,982     $ 95,474     $ 16,502                            
Temporary equity, ending balance, shares at Jun. 30, 2021       8,256     8,399     9,547     2,520                            
Ending balance at Jun. 30, 2021 (2,202)                             $ 3     121,321     (121,692)     (1,834)    
Ending balance, shares at Jun. 30, 2021                               30,282                      
Accrued dividends payable (7,897)     $ (42,468)           $ (40,835)                 (7,897)                
Temporary equity of accrued dividends payable 7,897     $ 2,656     $ 2,880     $ 2,361                                  
Temporary equity of accrued dividends payable, shares       266     288     236                                  
Foreign currency translation adjustment (1,322)                                               (1,322)    
Share-based compensation (3,519)                                   (3,519)                
CTAC shares recapitalized, net of equity issuance cost 6,457                             $ 1     6,456                
CTAC shares recapitalized, net of equity issuance costs, shares                               10,356                      
Conversion of KORE warrants 10,663                                   10,663                
Conversion of KORE warrants, shares                               1,366                      
Private offering and merger financing, net of equity issuance costs 217,282                             $ 2     217,280                
Private offering and merger financing, net of equity issuance costs, shares                               22,686                      
Distributions to and conversions of preferred stock (Temporary equity Shares)       (8,522)     (8,687)     (9,783)     (2,520)                            
Distributions to and conversions of preferred stock (Shares)                               7,120                      
Distributions to and conversions of preferred stock (Temporary equity Value) (286,417)     $ (85,218)     $ (86,862)     $ (97,835)     $ (16,502)                            
Distributions to and conversions of preferred stock 56,503                             $ 1     56,502                
Equity portion of convertible debt, net of issuance costs 12,510                                   12,510                
Net loss (4,508)                                         (4,508)          
Temporary equity, ending balance at Sep. 30, 2021 0     $ 0     $ 0     $ 0     $ 0                            
Temporary equity, ending balance, shares at Sep. 30, 2021       0     0     0     0                            
Ending balance at Sep. 30, 2021 $ 283,967                             $ 7     $ 413,316     $ (126,200)     $ (3,156)    
Ending balance, shares at Sep. 30, 2021                               71,810