(In thousands, except share and per share data)
(unaudited)
| As of | |||||||||
| September 30, 2021 | December 31, 2020 | ||||||||
| ASSETS | |||||||||
| Currents assets: | |||||||||
| Cash | $ | 11,241 | $ | 11,744 | |||||
| Accounts receivable, net | 8,123 | 14,350 | |||||||
| Prepaid expenses and other current assets | 5,047 | 2,858 | |||||||
| Total current assets | 24,411 | 28,952 | |||||||
| Property and equipment, net | 2,256 | 2,365 | |||||||
| Operating lease right-of-used assets | 2,974 | 2,753 | |||||||
| Intangibles, net | 3,052 | 3,409 | |||||||
| Goodwill | 2,677 | 2,677 | |||||||
| Other assets | 5,229 | 2,580 | |||||||
| TOTAL ASSETS | $ | 40,599 | $ | 42,736 | |||||
| LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT | |||||||||
| Current liabilities: | |||||||||
| Account payable | $ | 1,531 | $ | 1,116 | |||||
| Accrued expenses and other current liabilities | 9,577 | 7,249 | |||||||
| Operating lease liabilities, current | 980 | 767 | |||||||
| Deferred revenue, current | 23,707 | 17,894 | |||||||
| Vendor financing arrangements, current | 759 | 643 | |||||||
| Term loan, current | 100 | 557 | |||||||
| Total current liabilities | 36,654 | 28,226 | |||||||
| Deferred revenue, noncurrent | 14,541 | 15,014 | |||||||
| Operating lease liabilities, noncurrent | 2,054 | 2,079 | |||||||
| Vendor financing arrangements, noncurrent | 345 | 727 | |||||||
| Other liabilities | 1,986 | 2,986 | |||||||
| Total liabilities | 55,580 | 49,032 | |||||||
| Redeemable convertible preferred stock: | |||||||||
| Redeemable convertible preferred stock, par value of $0.001 - 4,471,316 shares authorized; 4,471,316 shares issued and outstanding as of September 30, 2021 and December 31, 2020 (aggregate liquidation preference of $5,768 as of September 30, 2021 and December 31, 2020) | 5,712 | 5,712 | |||||||
| Stockholders' deficit: | |||||||||
| Common stock, par value of $0.001 - 36,525,154 and 31,525,154 shares authorized as of September 30, 2021 and December 31, 2020; 20,607,851 and 18,486,989 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively | 21 | 18 | |||||||
| Additional paid-in-capital | 10,518 | 3,612 | |||||||
| Accumulated other comprehensive loss | (31 | ) | (31 | ) | |||||
| Accumulated deficit | (31,201 | ) | (15,607 | ) | |||||
| Total stockholders' deficit | (20,693 | ) | (12,008 | ) | |||||
| TOTAL LIABILITIES REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT | $ | 40,599 | $ | 42,736 | |||||
Arteris, Inc.
