Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Common Stock
Common Stock
Class A Common Units
Common Stock
Class C Profits Units
Preferred Stock
Class B Preferred Units
Preferred Stock
Class B-1 Preferred Units
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjustment
Additional paid-in capital
Cumulative Effect, Period of Adoption, Adjustment
Accumulated deficit
Previously Reported
Previously Reported
Common Stock
Common Stock
Previously Reported
Common Stock
Class A Common Units
Previously Reported
Common Stock
Class C Profits Units
Previously Reported
Preferred Stock
Class B Preferred Units
Previously Reported
Preferred Stock
Class B-1 Preferred Units
Previously Reported
Additional paid-in capital
Previously Reported
Accumulated other comprehensive loss
Previously Reported
Accumulated deficit
Conversion of stock
Conversion of stock
Common Stock
Class A Common Units
Conversion of stock
Common Stock
Class C Profits Units
Conversion of stock
Preferred Stock
Class B Preferred Units
Conversion of stock
Preferred Stock
Class B-1 Preferred Units
Conversion of stock
Additional paid-in capital
Beginning balance (in shares) at Dec. 31, 2019   0 27,156,000 4,061,000 18,388,000 9,300,000               0 2,581,000 436,000 1,728,000 630,000         24,575,000 3,625,000 16,660,000 8,670,000  
Beginning balance at Dec. 31, 2019 $ 2,380 $ 0 $ 27 $ 4 $ 18 $ 9 $ 30,044 $ 0 $ (27,722)       $ 2,380 $ 0 $ 387 $ 4,054 $ 1,898 $ 23,656 $ 107 $ 0 $ (27,722) $ 0 $ (360) $ (4,050) $ (1,880) $ (23,647) $ 29,937
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of units (in shares)           4,578,000                                          
Issuance of units 11,574         $ 5 11,569                                        
Issuance of units upon vesting of Legacy PCT profits interests (in shares)       362,000                                              
Issuance of units upon vesting of Legacy PCT profits interests 417           417                                        
Net loss (4,564)               (4,564)                                    
Ending balance (in shares) at Mar. 31, 2020   0 27,156,000 4,423,000 18,388,000 13,878,000                                          
Ending balance at Mar. 31, 2020 9,807 $ 0 $ 27 $ 4 $ 18 $ 14 42,030 0 (32,286)                                    
Beginning balance (in shares) at Dec. 31, 2019   0 27,156,000 4,061,000 18,388,000 9,300,000               0 2,581,000 436,000 1,728,000 630,000         24,575,000 3,625,000 16,660,000 8,670,000  
Beginning balance at Dec. 31, 2019 $ 2,380 $ 0 $ 27 $ 4 $ 18 $ 9 30,044 0 (27,722)       2,380 $ 0 $ 387 $ 4,054 $ 1,898 $ 23,656 107 0 (27,722) 0 $ (360) $ (4,050) $ (1,880) $ (23,647) 29,937
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of units upon vesting of Legacy PCT profits interests (in shares) 0                                                    
Net loss $ (8,979)                                                    
Ending balance (in shares) at Jun. 30, 2020   0 27,156,000 4,570,000 18,388,000 14,271,000                                          
Ending balance at Jun. 30, 2020 6,485 $ 0 $ 27 $ 5 $ 18 $ 14 43,122 0 (36,701)                                    
Beginning balance (in shares) at Mar. 31, 2020   0 27,156,000 4,423,000 18,388,000 13,878,000                                          
Beginning balance at Mar. 31, 2020 9,807 $ 0 $ 27 $ 4 $ 18 $ 14 42,030 0 (32,286)                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of units (in shares)           393,000                                          
Issuance of units 920           920                                        
Issuance of units upon vesting of Legacy PCT profits interests (in shares)       147,000                                              
Issuance of units upon vesting of Legacy PCT profits interests 173     $ 1     172                                        
Net loss (4,415)               (4,415)                                    
Ending balance (in shares) at Jun. 30, 2020   0 27,156,000 4,570,000 18,388,000 14,271,000                                          
Ending balance at Jun. 30, 2020 6,485 $ 0 $ 27 $ 5 $ 18 $ 14 43,122 0 (36,701)                                    
Beginning balance (in shares) at Dec. 31, 2020   0 37,998,000 6,711,000 20,628,000 16,322,000               0 3,612,000 775,000 1,938,000 1,105,000         34,386,000 5,936,000 18,690,000 15,217,000  
Beginning balance at Dec. 31, 2020 107,900 $ 0 $ 38 $ 7 $ 21 $ 16 192,381 0 (84,563) $ (30,638) $ (31,075) $ 437 107,900 $ 0 $ 88,081 $ 11,967 $ 20,071 $ 41,162 31,182 0 (84,563) 0 $ (88,043) $ (11,960) $ (20,050) $ (41,146) 161,199
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of units upon vesting of Legacy PCT profits interests (in shares)       116,000                                              
Issuance of units upon vesting of Legacy PCT profits interests 239           239                                        
Redemption of vested profit units (in shares)       (5,000)                                              
Redemption of vested profit units (36)           (36)                                        
Merger Recapitalization (in shares)   81,754,000 (37,998,000) (6,822,000) (20,628,000) (16,322,000)                                          
Merger Recapitalization 0 $ 82 $ (38) $ (7) $ (21) $ (16)                                          
ROCH Shares Recapitalized, Net of Redemptions, Warrant Liability and Issuance Costs of $27.9 million (in shares)   34,823,000                                                  
ROCH Shares Recapitalized, Net of Redemptions, Warrant Liability and Issuance Costs of $27.9 million 293,966 $ 35         293,931                                        
Issuance of restricted stock awards (in shares)   775,000                                                  
Issuance of restricted stock awards 0 $ 1         (1)                                        
Forfeiture of restricted stock (in shares)   (3,000)                                                  
Forfeiture of restricted stock 0 $ (1)         1                                        
Reclassification of redeemable warrant to liability (33)           (33)                                        
Equity based compensation 68           68                                        
Net loss (30,120)               (30,120)                                    
Ending balance (in shares) at Mar. 31, 2021   117,349,000 0 0 0 0                                          
Ending balance at Mar. 31, 2021 $ 341,346 $ 117 $ 0 $ 0 $ 0 $ 0 455,475 0 (114,246)                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Accounting Standards Update [Extensible List] pct:AccountingStandardsUpdate2020-06                                                    
Beginning balance (in shares) at Dec. 31, 2020   0 37,998,000 6,711,000 20,628,000 16,322,000               0 3,612,000 775,000 1,938,000 1,105,000         34,386,000 5,936,000 18,690,000 15,217,000  
Beginning balance at Dec. 31, 2020 $ 107,900 $ 0 $ 38 $ 7 $ 21 $ 16 192,381 0 (84,563) $ (30,638) $ (31,075) $ 437 $ 107,900 $ 0 $ 88,081 $ 11,967 $ 20,071 $ 41,162 $ 31,182 $ 0 $ (84,563) $ 0 $ (88,043) $ (11,960) $ (20,050) $ (41,146) $ 161,199
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of units upon vesting of Legacy PCT profits interests (in shares) 0                                                    
Net loss $ (45,397)                                                    
Ending balance (in shares) at Jun. 30, 2021   117,339,000 0 0 0 0                                          
Ending balance at Jun. 30, 2021 326,798 $ 117 $ 0 $ 0 $ 0 $ 0 456,310 (106) (129,523)                                    
Beginning balance (in shares) at Mar. 31, 2021   117,349,000 0 0 0 0                                          
Beginning balance at Mar. 31, 2021 341,346 $ 117 $ 0 $ 0 $ 0 $ 0 455,475 0 (114,246)                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Forfeiture of restricted stock (in shares)   (10,000)                                                  
Forfeiture of restricted stock 0                                                    
Equity based compensation 835           835                                        
Unrealized loss on available for sale debt securities (106)             (106)                                      
Net loss (15,277)               (15,277)                                    
Ending balance (in shares) at Jun. 30, 2021   117,339,000 0 0 0 0                                          
Ending balance at Jun. 30, 2021 $ 326,798 $ 117 $ 0 $ 0 $ 0 $ 0 $ 456,310 $ (106) $ (129,523)