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

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables) - Rigetti Computing, Inc [Member]
3 Months Ended
Mar. 31, 2022
Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Ordinary Shares
Significant customers are those that represent 10% or more of revenue are set forth in the following tables:
 
    
March 31,
Customer
  
2022
 
2021
Customer A
   47%     *
Customer B
   23%   21%
Customer C
   13%   60%
 
*
Customer accounted for less than 10% of revenue in the respective period
Cash, Cash Equivalents and Investments
The following table provides a reconciliation of cash and restricted cash in the consolidated balance sheets to the total amount shown in the consolidated statements of cash flows: (In thousands)
 
    
March 31,
2022
    
December 31,
2021
 
    
(In thousands)
 
Cash
   $ 206,626      $ 11,729  
Restricted cash
     317        317  
  
 
 
    
 
 
 
Total cash and restricted cash
   $ 206,943      $ 12,046  
  
 
 
    
 
 
 
Schedule of Customers Accounts Receivable
Significant customers are those that represent 10% or more of accounts receivable are set forth in the following tables:
 
    
March 31,
   
December 31,
 
Customer
  
2022
   
2021
 
Customer A
     53       
Customer B
     25     35
Customer C
     21       
Customer D
            34
Customer E
            29
 
*
Customer accounted for less than 10% of accounts receivable in the respective period
Schedule of Inputs Into the Respective Models
Significant inputs into the respective models at the March 2, 2022 (the initial recognition) and March 31, 2022 are as follows:
 
Valuation Assumptions
  
Initial Recognition
on March 2, 2022
   
March 31,
2022
 
Stock Price
   $ 9.43     $ 6.30  
Simulated trading days
     1,198.00       1,178.00  
Volatility (annual)
     77.00     86.00
Risk-free rate
     1.74     2.42
Estimated time to expiration (years)
     5       5