Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2021 |
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| Accounting Policies [Abstract] |
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| Schedule of Inventory |
Inventory for the periods presented is as follows:
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As of |
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September 30, 2021 |
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December 31, 2020 |
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Chemical washing solutions |
$ |
5,708 |
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$ |
6,490 |
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Other |
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33 |
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52 |
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Total inventory, gross |
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5,741 |
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6,542 |
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Reserve for obsolescence |
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(108 |
) |
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(127 |
) |
Total inventory, net |
$ |
5,633 |
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$ |
6,415 |
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| Schedule of Composition of Revenue |
Revenue Recognition
The following table summarizes the composition of the Company’s revenue, net for the periods presented:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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Recognized over time |
$ |
127,825 |
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$ |
92,870 |
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$ |
358,456 |
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$ |
237,412 |
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Recognized at a point in time |
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66,026 |
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55,377 |
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206,087 |
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154,022 |
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Other revenue |
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459 |
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7,549 |
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2,355 |
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21,470 |
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Revenue, net |
$ |
194,310 |
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$ |
155,796 |
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$ |
566,898 |
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$ |
412,904 |
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| Schedule of Reconciliations of Numerators and Denominators of Basic and Diluted Net (Loss) Income Per Share |
Reconciliations of the numerators and denominators of the basic and diluted net income (loss) per share calculations for the periods presented are as follows:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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Numerator: |
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Net income (loss) |
$ |
27,366 |
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$ |
19,869 |
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$ |
(58,350 |
) |
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$ |
19,975 |
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Denominator: |
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Weighted-average common shares outstanding - basic |
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296,360,660 |
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261,863,586 |
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274,387,532 |
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261,784,795 |
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Effect of potentially dilutive securities: |
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Stock options |
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30,251,223 |
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12,248,109 |
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- |
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12,209,774 |
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Restricted stock units |
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652,019 |
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- |
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- |
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- |
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Employee stock purchase plan |
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56,267 |
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- |
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- |
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- |
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Weighted-average common shares outstanding - diluted |
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327,320,169 |
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274,111,695 |
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274,387,532 |
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273,994,569 |
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Net income (loss) per share - basic |
$ |
0.09 |
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$ |
0.08 |
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$ |
(0.21 |
) |
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$ |
0.08 |
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Net income (loss) per share - diluted |
$ |
0.08 |
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$ |
0.07 |
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$ |
(0.21 |
) |
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$ |
0.07 |
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| Schedule of Antidilutive Shares Excluded from Computation of Diluted (Loss) Net Income Per Share |
The following potentially dilutive shares were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been antidilutive:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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Stock options |
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2,086,437 |
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2,020,079 |
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33,773,922 |
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1,951,043 |
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Restricted stock units |
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- |
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- |
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1,592,524 |
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- |
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Employee stock purchase plan |
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- |
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- |
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244,751 |
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- |
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