Stockholders' Equity (Details)
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1 Months Ended |
3 Months Ended |
9 Months Ended |
12 Months Ended |
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Mar. 13, 2018
$ / shares
shares
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Feb. 28, 2021
shares
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Dec. 31, 2020
USD ($)
$ / shares
shares
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Sep. 30, 2021
USD ($)
$ / shares
shares
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Sep. 30, 2021
USD ($)
$ / shares
shares
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Dec. 31, 2020
USD ($)
$ / shares
shares
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Jun. 30, 2021 |
Dec. 16, 2020
USD ($)
$ / shares
shares
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Dec. 15, 2020
shares
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Dec. 31, 2019
shares
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Class of Stock [Line Items] |
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Common Stock, issued |
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17,541,838
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17,893,476
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17,893,476
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17,541,838
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Common Stock, par value | $ / shares |
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$ 0.0001
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$ 0.0001
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$ 0.0001
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$ 0.0001
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Common stock voting rights |
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Holders of the Company’s common stock are entitled to one vote for each share
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Holders of the Company’s common stock are entitled to one vote for each share
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Common stock shares outstanding |
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17,541,838
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17,893,476
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17,893,476
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17,541,838
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Common stock shares authorized |
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100,000,000
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100,000,000
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100,000,000
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100,000,000
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Warrants Outstanding |
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0
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15,063,900
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15,063,900
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0
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15,095,000
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0
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Preferred stock, authorized |
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10,000,000
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10,000,000
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10,000,000
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10,000,000
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Preferred stock, par value | $ / shares |
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$ 0.0001
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$ 0.0001
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$ 0.0001
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$ 0.0001
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Preferred stock, outstanding |
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0
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0
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0
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0
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0
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Preferred stock, issued |
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0
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0
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0
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0
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0
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Number of shares issued under purchase option |
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750,000
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Shares purchase price, per share (in dollars per share) | $ / shares |
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$ 10.00
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$ 10.00
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Total unrecognized compensation cost related to unvested restricted stock | $ |
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$ 19,000,000
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$ 19,000,000
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Share-based Payment Arrangement, Expense | $ |
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$ 818,000
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Warrants exercise price | $ / shares |
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$ 11.50
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$ 11.50
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$ 11.50
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$ 11.50
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Warrants exercisable period |
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30 days
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Warrant outstanding | $ |
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$ 16,516,000
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$ 16,516,000
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$ 22,113,000
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Gain or loss due to change in the fair value of warrants | $ |
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$ 5,597,000
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$ 2,732,000
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$ (10,405,000)
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Share Price | $ / shares |
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$ 13.69
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$ 8.66
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$ 8.66
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$ 13.69
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Class of Warrant or Right, Number of Securities Called by Each Warrant or Right |
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1
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1
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UPO Units That Are Exercisable |
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75,000
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Number Of UPO Units Exchanged |
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675,000
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Exchange of UPO units, Shares |
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283,669
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Shares issued for warrant exercises, Shares |
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7,969
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Warrant liability | $ |
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$ 16,516,000
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$ 6,111,000
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$ 6,111,000
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$ 16,516,000
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Option Grants To Holders Demand And Piggy back Rights Periods One |
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5 years
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Option Grants To Holders Demand And Piggy back Rights Periods Two |
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7 years
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UPO Units Exercise Price One [Member] |
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Class of Stock [Line Items] |
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Number Of Shares That UPO Units Are Exercisable For |
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one
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UPO Units Exercise Price |
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10.00
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Public Warrants [member] |
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Class of Stock [Line Items] |
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Warrants Outstanding |
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11,500,000
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11,468,900
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11,468,900
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11,500,000
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Warrants and Rights Outstanding, Maturity Date |
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Dec. 31, 2025
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Dec. 31, 2025
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Dec. 31, 2025
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UPO warrants [member] |
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Class of Stock [Line Items] |
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Warrants Outstanding |
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750,000
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750,000
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Private Warrants [member] |
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Class of Stock [Line Items] |
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Warrants Outstanding |
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445,000
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445,000
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445,000
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445,000
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445,000
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Warrants exercise price | $ / shares |
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$ 4.60
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$ 1.70
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$ 1.70
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$ 4.60
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$ 6.15
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Working Capital Warrants [member] |
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Class of Stock [Line Items] |
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Warrants Outstanding |
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150,000
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150,000
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150,000
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150,000
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Private Placement Warrants [member] |
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Class of Stock [Line Items] |
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Warrants Outstanding |
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3,000,000
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3,000,000
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3,000,000
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3,000,000
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3,000,000
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Restricted Stock [Member] |
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Class of Stock [Line Items] |
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Fair value of Non vested options vested | $ |
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$ 785,000
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Total unrecognized compensation cost related to unvested restricted stock | $ |
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$ 26,438,000
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$ 26,438,000
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Total unrecognized compensation cost related to unvested restricted stock or performance stock awards to be recognized weighted average period |
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3 years 7 months 2 days
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Share-based Payment Arrangement, Expense | $ |
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3,668,000
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$ 6,785,000
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Unrecognized stock-based compensation expense, weighted-average recognition period |
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4 years
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Restricted Stock [Member] | Maximum [Member] |
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Class of Stock [Line Items] |
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Total unrecognized compensation cost related to unvested restricted stock or performance stock awards to be recognized weighted average period |
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5 years
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Restricted Stock [Member] | Minimum [Member] |
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Class of Stock [Line Items] |
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Total unrecognized compensation cost related to unvested restricted stock or performance stock awards to be recognized weighted average period |
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4 years
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Market Condition Awards [Member] |
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Class of Stock [Line Items] |
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Total unrecognized compensation cost related to unvested restricted stock | $ |
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$ 927,000
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2,372,000
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$ 2,372,000
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$ 927,000
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Total unrecognized compensation cost related to unvested restricted stock or performance stock awards to be recognized weighted average period |
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1 year 6 months 3 days
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2 years 11 months 15 days
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Share-based Payment Arrangement, Expense | $ |
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$ 33,000
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$ 374,000
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$ 1,772,000
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$ 33,000
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Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares |
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$ 10.45
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$ 9.50
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$ 9.50
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$ 10.45
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Performance Condition Awards [Member] |
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Class of Stock [Line Items] |
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Total unrecognized compensation cost related to unvested restricted stock | $ |
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$ 0
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$ 0
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Share-based Payment Arrangement, Expense | $ |
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$ 0
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Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares |
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$ 15.70
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$ 15.54
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$ 15.54
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$ 15.70
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2020 Plan |
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Class of Stock [Line Items] |
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Aggregate number of Shares that may be issued |
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(2,000,000)
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(2,000,000)
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Options expiration period |
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10 years
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Percentage of increase of common stock outstanding |
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(5.00%)
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Common stock available for future grants |
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700,000
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700,000
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BurgerFi International LLC [Member] |
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Class of Stock [Line Items] |
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Business combination, Number of shares issued |
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6,603,774
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Warrant [Member] |
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Class of Stock [Line Items] |
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Warrant term |
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5 years
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Description of sale price of common stock |
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The Company may redeem the Public Warrants:
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in whole and not in part;
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at a price of $0.01 per warrant;
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at any time during the exercise period;
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upon a minimum of 30 days’ prior written notice of redemption; and
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if, and only if, the last sale price of the Company’s common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third business day prior to the date on which the Company sends the notice of redemption to the warrant holders.
•
if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.
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Share Price | $ / shares |
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$ 13.69
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$ 13.69
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$ 15.70
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IPO [Member] |
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Class of Stock [Line Items] |
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Number of shares issued under purchase option |
750,000
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Shares purchase price, per share (in dollars per share) | $ / shares |
$ 10.00
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Option expiry date |
Mar. 17, 2023
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Subsequent Event [member] |
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Class of Stock [Line Items] |
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Conversion of common shares |
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283,670
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Conversion ratio |
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2,021
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0.420251852
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Subsequent Event [member] | IPO [Member] |
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Class of Stock [Line Items] |
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Conversion of common shares |
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675,000
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UPO Units [Member] | Subsequent Event [member] |
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Class of Stock [Line Items] |
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Conversion of common shares |
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675,000
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