Document And Entity Information - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2021 |
May 16, 2022 |
Jun. 30, 2021 |
|
| Document Information Line Items | |||
| Entity Registrant Name | Heliogen, Inc. | ||
| Trading Symbol | HLGN | ||
| Document Type | 10-K/A | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Common Stock, Shares Outstanding | 188,749,042 | ||
| Entity Public Float | $ 242.5 | ||
| Amendment Flag | true | ||
| Amendment Description | The Company is filing this amendment No. 1 on Form 10-K/A (“Form 10-K/A”) to amend our Annual Report on Form 10-K for the year ended December 31, 2021, originally filed with the Securities and Exchange Commission (the SEC”) on March 31, 2022 (the “Original Report”), to restate our consolidated financial statements and related footnote disclosures as of December 31, 2021 and for the year then ended. This Form 10-K/A also amends certain other Items in the Original Report, as listed in “Items Amended in this Form 10-K/A” below.Restatement BackgroundOn May 16, 2022, the audit committee of the board of directors (the “Audit Committee”) of the Company, based on the recommendation of, and after consultation with, the Company’s management concluded that the Company’s previously issued audited financial statements as of and for the year ended December 31, 2021, should no longer be relied upon. As part of the Company’s accounting for revenue contracts with customers during the first quarter of 2022, management considered ongoing contracts that were entered into and accounted for during the year ended December 31, 2021. During this evaluation, it was determined that a government contract which had previously been assessed as within the scope of ASC 606, Revenue from Contract with Customers (“ASC 606”), should have been accounted for as a government grant and therefore not within the scope of ASC 606. The impact of this revised conclusion resulted in (i) the separate presentation of amounts previously presented as revenue and cost of revenue as grant revenue and cost of grant revenue, respectively, (ii) no change to total revenue, and (iii) a reduction in total cost of revenue, including the reversal of a contract loss recognized during the year ended December 31, 2021. The change in our accounting of the government contract resulted in changes to our consolidated balance sheet as of December 31, 2021, our consolidated statements of operations and comprehensive loss, consolidated statement of convertible preferred stock and shareholder’s equity (deficit), and consolidated statement of cash flows, each for the year ended December 31, 2021, and the Company’s loss per share. Additionally, management recorded an immaterial correction resulting in an increase to cost of revenue and a decrease to selling, general and administrative expense that was separate from the change in accounting of the government contract. No adjustments were identified as of and for the year ended December 31, 2020.Items Amended in this Form 10-K/AThis Form 10-K/A presents the Original Report, amended and restated with modifications as necessary to reflect the restatements. The following items have been amended to reflect the restatement:●Part I, Item 1A. Risk Factors●Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations●Part II, Item 8. Financial Statements and Supplementary Data●Part II, Item 9A. Controls and Procedures      ●Part IV, Item 15. Exhibits and Financial Statement SchedulesIn addition, in connection with this Form 10-K/A, the Company’s Chief Executive Officer and Chief Financial Officer have provided new certifications dated as of the date of this filing (Exhibits 31.1, 31.2, 32.1 and 32.2) and the Company is also filing a Consent of Independent Registered Public Accounting Firm (Exhibit 23.1). Except as described above, this Form 10-K/A does not amend, update or change any other items or disclosures in the Original Report and does not purport to reflect any information or events subsequent to the filing thereof. As such, this Form 10-K/A speaks only as of the date the Original Report was filed, and we have not undertaken herein to amend, supplement or update any information contained in the Original Report to give effect to any subsequent events. Accordingly, this Form 10-K/A should be read in conjunction with our Original Report and our other filings made with the SEC subsequent to the filing of the Original Report, including any amendments to those filings. | ||
| Entity Central Index Key | 0001840292 | ||
| Entity Current Reporting Status | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Filer Category | Non-accelerated Filer | ||
| Entity Well-known Seasoned Issuer | No | ||
| Document Period End Date | Dec. 31, 2021 | ||
| Document Fiscal Year Focus | 2021 | ||
| Document Fiscal Period Focus | FY | ||
| Entity Small Business | true | ||
| Entity Emerging Growth Company | true | ||
| Entity Shell Company | false | ||
| Entity Ex Transition Period | true | ||
| ICFR Auditor Attestation Flag | false | ||
| Document Annual Report | true | ||
| Document Transition Report | false | ||
| Entity File Number | 001-40209 | ||
| Entity Incorporation, State or Country Code | DE | ||
| Entity Tax Identification Number | 85-4204953 | ||
| Entity Address, Address Line One | 130 West Union Street | ||
| Entity Address, City or Town | Pasadena | ||
| Entity Address, State or Province | CA | ||
| Entity Address, Postal Zip Code | 91103 | ||
| City Area Code | (626) | ||
| Local Phone Number | 720-4530 | ||
| Title of 12(b) Security | Common stock, $0.0001 par value per share | ||
| Security Exchange Name | NYSE | ||
| Entity Interactive Data Current | Yes | ||
| Auditor Name | BDO USA, LLP | ||
| Auditor Location | Los Angeles, California | ||
| Auditor Firm ID | 243 |