0001193125-21-247077 | 10-Q | XBRL Viewer

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Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2021	Aug. 13, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Document Quarterly Report	true
Entity Registrant Name	ORIGIN MATERIALS, INC.
Entity Central Index Key	0001802457
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		141,248,470
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	ORGN
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	DE
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity File Number	001-39378
Entity Tax Identification Number	87-1388928
Entity Address, Address Line One	930 Riverside Parkway
Entity Address, Address Line Two	Suite 10
Entity Address, City or Town	West Sacramento
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95605
City Area Code	916
Local Phone Number	231-9329
Warrant
Document Information [Line Items]
Title of 12(b) Security	Warrants
Trading Symbol	ORGNW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 470,312	$ 1,309
Restricted cash	565	565
Other receivables	160	48
Grants receivable	17
Prepaid expenses and other current assets	214	144
Total current assets	471,268	2,066
Property, plant and equipment, net	48,854	45,104
Intangible assets, net	242	258
Total assets	520,364	47,428
Current liabilities
Accounts payable	966	2,700
Accrued expenses	861	593
Derivative liability		1,239
Stockholder convertible notes payable		3,232
Total current liabilities	1,827	7,764
PPP Loan		906
Earnout liability	157,585
Canadian Government Research and Development Program Liability	6,370	6,197
Redeemable convertible preferred stock warrants		19,233
Assumed common stock warrants liability	69,180
Stockholder note	5,189	5,189
Related party other liabilities, long-term	5,615	5,517
Other liabilities, long-term	3,109	2,500
Total liabilities	248,875	47,306
Commitments and contingencies (See Note 18)
STOCKHOLDERS' EQUITY
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2021 and December 31, 2020
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 136,748,470 and 70,266,925, issued and outstanding as of June 30, 2021 and December 31, 2020, respectively	13	6
Additional paid-in capital	359,928	98,620
Accumulated deficit	(89,928)	(98,888)
Accumulated other comprehensive income	1,476	384
Total stockholders' equity	271,489	122
Total liabilities, redeemable convertible preferred stock and stockholders' deficit	$ 520,364	$ 47,428

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	136,748,470	70,266,925
Common stock, shares outstanding	136,748,470	70,266,925

Condensed Consolidated Statements of Operations And Comprehensive Income (Loss) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Operating Expenses

Research and development

$ 2,339

$ 904

$ 3,648

$ 2,122

General and administrative

4,219

703

8,167

1,302

Depreciation and amortization

121

100

236

204

Total operating expenses and loss from operations

6,679

1,707

12,051

3,628

Other (income) expenses

Interest expense, net of capitalized interest

2,560

2,839

113

Change in fair value of derivative liability

1,035

(12)

1,426

(15)

Change in fair value of warrants liability

(27,265)

105

20,844

105

Change in fair value of earnout liability

(45,497)

Other income, net

(43)

(157)

(623)

(168)

Total other (income) expenses, net

(69,210)

(14)

(21,011)

Net income (loss)

62,531

(1,693)

8,960

(3,663)

Other comprehensive income (loss)

Foreign currency translation adjustment, net of tax

626

5,803

1,092

2,603

Total comprehensive income (loss)

$ 63,157

$ 4,110

$ 10,052

$ (1,060)

Net income (loss) per share, basic

$ 0.93

$ (0.03)

$ 0.14

$ (0.06)

Net income (loss) per share, diluted

$ 0.63

$ (0.03)

$ 0.13

$ (0.06)

Weighted-average common shares outstanding, basic

^[1]

67,548,052

62,545,293

65,098,310

62,544,604

Weighted-average common shares outstanding, diluted

^[1]

78,628,591

62,545,293

70,974,743

62,544,604

[1]	Excludes weighted-average Sponsor Vesting Shares subject to return of 296,703 and 149,171 shares as of the three months and six months ended June 30, 2021, respectively.

Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity - USD ($) $ in Thousands	Total	Previously Reported [Member]	Revision of Prior Period, Adjustment [Member]	Redeemable Convertible Preferred Stock Series A Previously Reported [Member]	Redeemable Convertible Preferred Stock Series A Revision of Prior Period, Adjustment [Member]	Redeemable Convertible Preferred Stock Series B Previously Reported [Member]	Redeemable Convertible Preferred Stock Series B Revision of Prior Period, Adjustment [Member]	Redeemable Convertible Preferred Stock Series C Previously Reported [Member]	Redeemable Convertible Preferred Stock Series C Revision of Prior Period, Adjustment [Member]	Legacy Origin Common Stock Previously Reported [Member]	Legacy Origin Common Stock Revision of Prior Period, Adjustment [Member]	Common Stock	Common Stock Revision of Prior Period, Adjustment [Member]	Additional Paid-in Capital	Additional Paid-in Capital Previously Reported [Member]	Additional Paid-in Capital Revision of Prior Period, Adjustment [Member]	Accumulated Deficit	Accumulated Deficit Previously Reported [Member]	Accumulated Other Comprehensive Income (loss)	Accumulated Other Comprehensive Income (loss) Previously Reported [Member]
Temporary equity, Balance at Dec. 31, 2019				$ 31,478	$ (31,478)	$ 41,125	$ (41,125)	$ 23,380	$ (23,380)
Temporary equity, Balance (Shares) at Dec. 31, 2019				13,204,284	(13,204,284)	6,275,704	(6,275,704)	1,590,675	(1,590,675)
Balance beginning at Dec. 31, 2019	$ 27,999	$ (67,984)	$ 95,983									$ 6	$ 6	$ 96,988	$ 1,011	$ 95,977	$ (68,585)	$ (68,585)	$ (410)	$ (410)
Balance beginning (Shares) at Dec. 31, 2019										1,283,788	(1,283,788)	62,542,363	62,542,363
Common stock issued upon exercise of stock options	1													1
Common stock issued upon exercise of stock options (Shares)												2,912
Stock-based compensation	9													9
Net income (loss)	(1,970)																(1,970)
Other comprehensive income (loss)	(3,200)																		(3,200)
Balance ending at Mar. 31, 2020	22,839											$ 6		96,998			(70,555)		(3,610)
Balance ending (Shares) at Mar. 31, 2020												62,545,275
Temporary equity, Balance at Dec. 31, 2019				$ 31,478	$ (31,478)	$ 41,125	$ (41,125)	$ 23,380	$ (23,380)
Temporary equity, Balance (Shares) at Dec. 31, 2019				13,204,284	(13,204,284)	6,275,704	(6,275,704)	1,590,675	(1,590,675)
Balance beginning at Dec. 31, 2019	27,999	(67,984)	95,983									$ 6	$ 6	96,988	1,011	95,977	(68,585)	(68,585)	(410)	(410)
Balance beginning (Shares) at Dec. 31, 2019										1,283,788	(1,283,788)	62,542,363	62,542,363
Net income (loss)	(3,663)
Balance ending at Jun. 30, 2020	26,958											$ 6		97,007			(72,248)		2,193
Balance ending (Shares) at Jun. 30, 2020												62,545,275
Balance beginning at Mar. 31, 2020	22,839											$ 6		96,998			(70,555)		(3,610)
Balance beginning (Shares) at Mar. 31, 2020												62,545,275
Stock-based compensation	9													9
Net income (loss)	(1,693)																(1,693)
Other comprehensive income (loss)	5,803																		5,803
Balance ending at Jun. 30, 2020	26,958											$ 6		97,007			(72,248)		2,193
Balance ending (Shares) at Jun. 30, 2020												62,545,275
Temporary equity, Balance at Dec. 31, 2020				$ 31,478	$ (31,478)	$ 41,125	$ (41,125)	$ 23,380	$ (23,380)
Temporary equity, Balance (Shares) at Dec. 31, 2020				13,204,284	(13,204,284)	6,275,704	(6,275,704)	1,590,675	(1,590,675)
Balance beginning at Dec. 31, 2020	122	(95,861)	95,983									$ 6	$ 6	98,620	2,643	95,977	(98,888)	(98,888)	384	384
Balance beginning (Shares) at Dec. 31, 2020										1,285,164	(1,285,164)	62,545,275	62,545,275
Common stock issued upon exercise of stock options	$ 55													55
Common stock issued upon exercise of stock options (Shares)	118,019											118,019
Stock-based compensation	$ 627													627
Net income (loss)	(53,571)																(53,571)
Other comprehensive income (loss)	466																		466
Balance ending at Mar. 31, 2021	(52,301)											$ 6		99,302			(152,459)		850
Balance ending (Shares) at Mar. 31, 2021												62,663,294
Temporary equity, Balance at Dec. 31, 2020				$ 31,478	$ (31,478)	$ 41,125	$ (41,125)	$ 23,380	$ (23,380)
Temporary equity, Balance (Shares) at Dec. 31, 2020				13,204,284	(13,204,284)	6,275,704	(6,275,704)	1,590,675	(1,590,675)
Balance beginning at Dec. 31, 2020	122	$ (95,861)	$ 95,983									$ 6	$ 6	98,620	$ 2,643	$ 95,977	(98,888)	$ (98,888)	384	$ 384
Balance beginning (Shares) at Dec. 31, 2020										1,285,164	(1,285,164)	62,545,275	62,545,275
Net income (loss)	8,960
Balance ending at Jun. 30, 2021	271,489											$ 13		359,928			(89,928)		1,476
Balance ending (Shares) at Jun. 30, 2021												136,748,470
Balance beginning at Mar. 31, 2021	$ (52,301)											$ 6		99,302			(152,459)		850
Balance beginning (Shares) at Mar. 31, 2021												62,663,294
Common stock issued upon exercise of stock options (Shares)	0
Reclassification of stockholders' convertible notes payable	$ 20,493													20,493
Reclassification of stockholders' convertible notes payable (Shares)												2,049,191
Reclassification of redeemable convertible preferred stock warrant liability	54,267													54,267
Reclassification of redeemable convertible preferred stock warrant liability (Shares)												5,554,440
Business Combination, net of redemptions and equity issuance costs of $37 million	385,410											$ 7		385,403
Business Combination, net of redemptions and equity issuance costs of $37 million (Shares)												66,481,545
Reclassification of equity to liability related to earn out provisions of Business Combination	(203,082)													(203,082)
Stock-based compensation	3,545													3,545
Net income (loss)	62,531																62,531
Other comprehensive income (loss)	626																		626
Balance ending at Jun. 30, 2021	$ 271,489											$ 13		$ 359,928			$ (89,928)		$ 1,476
Balance ending (Shares) at Jun. 30, 2021												136,748,470

Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Parenthetical) $ in Millions	3 Months Ended
	Jun. 30, 2021 USD ($)
Statement of Stockholders' Equity [Abstract]
Equity issuance costs	$ 37

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Net income (loss)	$ 8,960	$ (3,663)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	236	204
Stock-based compensation	4,172	18
Amortization of debt issuance costs	14	130
Accretion of debt discount	2,211	40
Change in fair value of derivative liability	1,426	(15)
Change in fair value of warrant liability	20,844	105
Change in fair value of earnout liability	(45,497)
Changes in operating assets and liabilities:
Other receivables	(112)	960
Grants receivable	(17)	4
Prepaid expenses and other current assets	(29)	86
Accounts payable	(1,880)	(536)
Accrued expenses	2,899	396
Related party payable	98
Net cash used in operating activities	(6,675)	(2,271)
Cash flows from investing activities
Purchases of property, plant, and equipment, net of grants	(2,703)	(1,267)
Net cash used in investing activities	(2,703)	(1,267)
Cash flows from financing activities
Proceeds from notes payable, net of debt issuance costs	11,707	906
Payment of short-term debt	(906)
Proceeds from Canadian Government Research and Development Program	173	1,055
Issuance of common stock	55	1
Business combination, net of issuance costs paid	467,530
Net cash provided by financing activities	478,559	1,962
Effects of foreign exchange rate changes on the balance of cash and cash equivalents, and restricted cash held in foreign currencies	(178)	184
Net increase (decrease) in cash and cash equivalents, and restricted cash	469,003	(1,392)
Cash and cash equivalents, and restricted cash, beginning of the period	1,874	3,612
Cash and cash equivalents, and restricted cash, end of the period	470,877	$ 2,220
Supplemental disclosure of cash flow information
Conversion of stockholder convertible notes payable to common stock	20,493
Reclassification of redeemable convertible preferred stock warrants to common stock	54,267
Reclassification of contingently issued equity to liability	209,380
Net assets assumed from business combination	83,330
Debt discount related to derivative liability	2,196
Business combination transaction costs, accrued but not paid	$ 748

Organization and Business

6 Months Ended

Jun. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Business

1.	Organization and Business

Unless the context otherwise requires, references in these notes to “Origin”, “the Company”, “we”, “us” and “our” and any related terms are intended to mean the post-Business Combination Origin Materials, Inc. and its consolidated subsidiaries.

The Company’s mission to help enable the world’s transition to sustainable materials by replacing petroleum-based materials with decarbonized materials in a wide range of end products, such as food and beverage packaging, clothing, textiles, plastics, car parts, carpeting, tires, adhesives, soil amendments and more. The Company’s technology converts sustainable feedstocks, such as sustainably harvested wood, agricultural waste, wood waste and corrugated cardboard, into materials and products that are currently made from fossil feedstocks, such as petroleum and natural gas. The Company’s products are intended to compete directly with petroleum-derived products on both performance and price, as well as provide a significant unit cost advantage over products made from other

low-carbon

feedstocks.

The Company is currently developing and constructing its first manufacturing plant in Ontario, Canada (Origin 1), which is expected to become operational by 2022. The Company is also currently in the planning phase for the construction of a significantly larger manufacturing plant (Origin 2), with which is expected to become operational in 2025.

On June 25, 2021 (the “Closing Date”), Artius Acquisition Inc. (“Artius”), a special purpose acquisition company, consummated the Merger Agreement and other Related Agreements (the “Merger Agreement”) dated February 16, 2021, by and among Artius, Zero Carbon Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Artius (“Merger Sub”), and Micromidas, Inc. a Delaware corporation (“Legacy Origin”).

Pursuant to the terms of the Merger Agreement, a business combination between Artius and Legacy Origin was effected through the merger of Merger Sub with and into Legacy Origin, with Legacy Origin surviving as the surviving company and as a wholly-owned subsidiary of Artius (the “Merger” and, collectively with the other transactions described in the Merger Agreement, the “Business Combination”). On the Closing Date, Artius changed its name to Origin Materials Inc. (collectively with its subsidiaries, the “Company”).

For additional information on the Business Combination, please refer to Note 4,

Business Combination

, to these condensed consolidated financial statements.

Beginning in March 2020, the

COVID-19

pandemic and the measures imposed to contain this pandemic have disrupted and are expected to continue to impact the Company’s business. The magnitude of the impact of the

COVID-19

pandemic on the Company’s productivity, results of operations and financial position, and its disruption to the Company’s business and battery development and timeline, will depend in part, on the length and severity of these restrictions and on the Company’s ability to conduct business in the ordinary course.

Risks and Liquidity

6 Months Ended

Jun. 30, 2021

Risks And Liquidity [Abstract]

Risks and Liquidity

2.	Risks and Liquidity

Prior to the Business Combination, the Company primarily financed its operations through the sale of convertible preferred stock, borrowings under convertible promissory notes and borrowings under loan agreements. The Company now believes that the Business Combination has provided substantial liquidity and that its $471 million of cash and cash equivalents and restricted cash will enable it to fund its planned operations for at least twelve months from the issuance date of these condensed consolidated financial statements.

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

3.	Summary of Significant Accounting Policies

Basis of Presentation

The Company’s unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) as determined by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and pursuant to the regulations of the U.S. Securities and Exchange Commission (“SEC”).

Pursuant to the Merger Agreement, the merger between Merger Sub and Legacy Origin was accounted for as a reverse recapitalization in accordance with U.S. GAAP (the “Reverse Recapitalization”). Under this method of accounting, Artius was treated as the “acquired” company and Legacy Origin is treated as the acquirer for financial reporting purposes.

Accordingly, for accounting purposes, the Reverse Recapitalization was treated as the equivalent of Legacy Origin issuing stock for the net assets of Artius, accompanied by a recapitalization. The net assets of Artius are stated at historical cost, with no goodwill or other intangible assets recorded.

Legacy Origin was determined to be the accounting acquirer based on the following predominant factors:

•

the Company’s Board of Directors (the “Board”) and management are primarily composed of individuals associated with Legacy Origin;

•

Legacy Origin’s senior management comprise the senior management roles of the Company and are responsible for the

day-to-day

operations;

•

the Company assume the “doing business as” name of the Legacy Origin; and

•

The intended strategy and operations of the Company continue Legacy Origin’s current strategy and operations as a carbon negative materials company with a mission to enable the world’s transition to sustainable materials.

The consolidated assets, liabilities and results of operations prior to the Reverse Recapitalization are those of Legacy Origin. The shares and corresponding capital amounts and losses per share, prior to the Business Combination, have been retroactively restated based on shares reflecting the Exchange Ratio (as defined below) established in the Business Combination.

Use of Estimates

The preparation of the condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements as well as reported amounts of expenses during the reporting periods. Estimates made by the Company include, but are not limited to, those related to the valuation of common stock prior to the Business Combination, valuation of convertible preferred stock warrants, and valuation of convertible preferred stock tranche liabilities, carrying amount and useful lives of property and equipment and intangible assets, impairment assessments, stock-based compensation expense, among others. The Company bases these estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from those estimates.

Unaudited Interim Condensed Consolidated Financial Statements

The accompanying interim condensed consolidated balance sheet as of June 30, 2021, the interim condensed consolidated statements of redeemable convertible preferred stock and stockholders’ equity, the interim condensed consolidated statements of operations and comprehensive loss, and the interim condensed consolidated statements of cash flows for the six months ended June 30, 2021 and 2020, are unaudited. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited annual consolidated financial statements and, in management’s opinion, include all adjustments consisting of only normal recurring adjustments necessary for the fair statement of the Company’s financial position as of June 30, 2021 and its results of operations and cash flows for the six months ended June 30, 2021 and 2020. The financial data and the other financial information disclosed in the notes to these condensed consolidated financial statements related to the

six-month

periods are also unaudited. The results of operations for the six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the full fiscal year or any other period.

These unaudited interim condensed consolidated financial statements should be read in conjunction with the Legacy Origin’s audited financial statements and notes thereto for the year ended December 31, 2020 included the Company’s Form

8-K/A

as filed with the SEC on July 1, 2021.

Principles of Consolidation

The unaudited interim consolidated financial statements have been prepared in accordance with U.S. GAAP and applicable rules and regulations of the SEC and include the accounts of the Company and its wholly-owned subsidiaries, Micromidas Pioneer, LLC, Origin Materials Canada Holding Limited, Origin Materials Canada Polyesters Limited, Origin Material Canada Pioneer Limited, and Origin Materials Canada Research Limited. All intercompany accounts and transactions have been eliminated in consolidation.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents. The Company maintains its cash and cash equivalents accounts with a financial institution where, at times, deposits exceed federal insurance limits. Management believes that the Company is not exposed to significant credit risk as the Company’s deposits are held at financial institutions that management believes to be of high credit quality. The Company has not experienced any losses on these deposits.

Cash and Cash Equivalents and Restricted Cash

The Company considers all highly liquid investments with an initial maturity of three months or less at the date of purchase to be cash equivalents. The Company maintains such funds in cash deposits and money market accounts.

Restricted cash consists of cash held in a control account as collateral for the Company’s credit card services, escrow services, and standby letter of credit. These restricted cash balances have been excluded from cash and cash equivalents balance and are included within other current assets in the condensed consolidated balance sheets based on the respective maturity dates.

In October 2019, the Company entered into an escrow agreement for $1.3 million, whereby the funds would be used for construction and transportation services in connection with Origin 1. At June 30, 2021 and December 31, 2020, the escrow account had a balance of $0.3 million.

In October 2018, the Company entered into a standby letter of credit, whereby the funds may be used for the completion of work, services, and improvements in connection with Origin 1. The standby letter of credit matures and automatically renews in October of each year. At June 30, 2021 and December 31, 2020, the standby letter of credit was $0.2 million.

Cash, cash equivalents, and restricted cash consisted of the following (in thousands):


	June 30, 2021		December 31, 2020
Cash and cash equivalents	$	$470,312	$	1,309
Restricted cash		565		565

Total cash, cash equivalents, and restricted cash		470,877		1,874

Fair Value of Financial Instruments

The Company applies the fair value measurement accounting standard whenever other accounting pronouncements require or permit fair value measurements. Fair value is defined in the accounting standard as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy under current accounting guidance prioritizes the inputs to valuation techniques used to measure fair value into three broad levels (Level 1, Level 2, and Level 3).

Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability and reflect the Company’s own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk) in a principal market.

The carrying amounts of working capital balances approximate their fair values due to the short maturity of these items. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest rate, currency, or credit risks arising from its financial instruments. The fair value of debt approximates its carrying value based on prevailing market rates.

The fair values of the assumed common stock warrants which are publicly traded are level 1 inputs. The fair value of the assumed common stock warrants which are not publicly traded are level 2 inputs. The earnout liability, derivative liability and redeemable convertible preferred stock warrant liability were estimated using Level 3 inputs.

Other Receivables

Other receivables consist of amounts due from foreign governmental entities related to the Canadian harmonized sales tax (HST) and goods and services tax (GST) for goods and services transacted in Canada.

AgriScience Grant

In January 2019, the Company entered into an agreement in which it will participate in the AgriScience Program Cluster Component grant through the Canadian Agricultural Partnership, whereby the Company will receive reimbursements for eligible expenditures up to approximately $2.7 million Canadian dollars through March 2022. Grants are received through reimbursements from the Canadian government and recognized, upon completion of scope of services on a quarterly basis. Grants are recognized as a reduction of property, plant, and equipment or expense based on the nature of the cost the grant is reimbursing. During the six months ended June 30, 2021 and 2020 the Company received $0.1 million and $0.1 million in grants, recorded in other income, net on the consolidated statements of operations and comprehensive loss.

Property, Plant, and Equipment

Property, plant, and equipment are recorded at cost and depreciated or amortized using the straight-line method over the estimated useful lives of the respective assets. Existing useful lives range from three to five years. Leasehold improvements are amortized using the straight-line method over the shorter of their estimated useful lives or the lease term. Major additions and improvements are capitalized, while replacements, repairs, and maintenance that do not extend the life of an asset are charged to operations. Upon retirement or sale, the cost of assets disposed of and the related accumulated depreciation or amortization are removed from the accounts. Construction in progress relates to costs capitalized in conjunction with major improvements that have not yet been placed in service, and accordingly are not currently being depreciated. The Company capitalizes interest cost incurred on funds used to construct property, plant and equipment. The estimated useful lives of assets are as follows:


Computer Equipment		3 years
Office Furniture		5 years
Machinery and Equipment		5 years
Leasehold Improvements		1-5 years

Intangible Assets

Intangible assets are recorded at cost and are amortized using the straight-line method over the estimated useful lives of the respective assets, ranging from 7 to 15 years. The cost of servicing the Company’s patents is expensed as incurred. Upon retirement or sale, the cost of intangible assets is disposed of and the related accumulated amortization is removed from the accounts.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets, including property, equipment, software and intangibles, for impairment whenever events or changes in circumstances indicate that the carrying amounts of the assets may not be fully recoverable. If indicators of impairment exist, management identifies the asset group which includes the potentially impaired long-lived asset, at the lowest level at which there are separate, identifiable cash flows. If the total of the expected undiscounted future net cash flows for the asset group is less than the carrying amount of the asset, a loss is recognized for the difference between the fair value and carrying amount of the asset. For the six months period ended June 30, 2021 and 2020, no impairment was identified.

Government Loans

Government loans are classified as a noncurrent liability and recorded at amortized cost. Forgiveness of the balances due is recorded through earnings and occurs when there is confirmation from the governmental authority that the Company has complied with the conditions for forgiveness attached to the loan.

Debt Issuance Costs

The costs incurred in connection with the issuance of debt obligations, principally financing and legal costs, are capitalized. These costs are accreted over the term of the debt using the interest method. During the six months ended June 30, 2021 and 2020, accretion expense for debt issuance cost was $2.4 million and $0 million, respectively.

Redeemable Convertible Preferred Stock Warrants Liability

Free-standing warrants issued by Legacy Origin for the purchase of shares of its convertible preferred stock were classified as liabilities on the accompanying balance sheets at fair value using an Option-Pricing Model (“OPM”). Prior to the Business Combination, the liability recorded was adjusted for changes in the fair value at each reporting date and recorded as interest expense in the accompanying unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss. As a result of the Business Combination, the Legacy Origin warrants each converted into a warrant to purchase shares of the Company’s Common Stock converted at the Exchange Ratio. The fair value of the warrants upon consummation of the Business Combination (see Note 4), as adjusted based on the price of the underlying Common Stock, was reclassified to additional

paid-in

capital.

Assumed Common Stock Warrants Liability

The Company assumed 24,150,000 public warrants (the “Public Warrants”) and 11,326,667 private placement warrants (the “Private Placement Warrants”, and the Public Warrants together with the Private Placement Warrants, the “Assumed Common Stock Warrants”) upon the Business Combination, all of which were issued in connection with

Artius’

initial public offering and entitle each holder to purchase one share of Class A Common Stock at an exercise price of at $11.50 per share. As of June 30, 2021, 24,150,000 Public Warrants and 11,326,667 Private Placement Warrants are outstanding. The Public Warrants are publicly traded and are exercisable for cash unless certain conditions occur, such as the failure to have an effective registration statement related to the shares issuable upon exercise or redemption by the Company under certain conditions, at which time the warrants may be cashless exercised. The Private Placement Warrants are transferable, assignable or salable in certain limited exceptions. The Private Placement Warrants are exercisable for cash or on a cashless basis, at the holder’s option, and are

non-redeemable

so long as they are held by the initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will cease to be Private Placement Warrants, and become Public Warrants and be redeemable by the Company and exercisable by such holders on the same basis as the other Public Warrants.

The Company evaluated the Assumed Common Stock Warrants under ASC

815-40,

Derivatives and Hedging-Contracts in Entity’s Own Equity (“ASC

815-40”)

, and concluded they do not meet the criteria to be classified in stockholders’ equity. Specifically, the exercise of the Assumed Common Stock Warrants may be settled in cash upon the occurrence of a tender offer or exchange that involves 50% or more of our Class A stockholders. Because not all of the voting stockholders need to participate in such tender offer or exchange to trigger the potential cash settlement and the Company does not control the occurrence of such an event, the Company concluded that the Assumed Common Stock Warrants do not meet the conditions to be classified in equity. Since the Assumed Common Stock Warrants meet the definition of a derivative under ASC 815, the Company recorded these warrants as liabilities on the Condensed Consolidated Balance Sheets at fair value, with subsequent changes in their respective fair values recognized in the change in fair value of Assumed Common Stock Warrant liabilities within the Consolidated Statement of Operations and Comprehensive Loss at each reporting date. The Public Warrants were publicly traded and thus had an observable market price to estimate fair value, and the Private Placement Warrants were effectively valued similar to the Public Warrants, as described in Note 5.

Earnout Liability

The Company has recorded an earnout liability related to future contingent equity shares related to the Business Combination (Note 13). The Company recorded these instruments as liabilities on the condensed consolidated balance sheet at fair value, with subsequent changes in their respective fair values recognized in earnings at each reporting date.

Research and Development Cost

Costs related to research and development are expensed as incurred.

Stock-Based Compensation

The Company has issued common stock options under two equity incentive plans. The Company estimates the calculated value of stock options granted using the Black-Scholes option-pricing formula. This fair value is then amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period.

Assumptions used to value the equity instruments are as follows:

•

Expected term

– The expected term of the options is based on the simplified method, which takes into consideration the grant’s contractual life and vesting period and assumes that all options will be exercised between the vesting date and the contractual term of the option which averages an award’s vesting term and its contractual term.

•

Expected volatility

– The Company uses the trading history of various companies in its industry sector in determining an estimated volatility factor.

•

Expected dividend

– The Company has not declared common stock dividends and does not anticipate declaring any common stock dividends in the foreseeable future.

•

Forfeiture

– The Company estimates forfeitures based on historical activity and considers voluntary and involuntary termination behavior as well as analysis of actual historical option forfeitures, netting the estimated expense by the derived forfeiture rate.

•

Risk-free interest rate

– The Company bases the risk-free interest rate on the implied yield currently available on U.S. Treasury

zero-coupon

issues with the same or substantially equivalent remaining term.

Income Taxes

Deferred income taxes are determined using the asset and liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is recorded when the expected recognition of a deferred income tax asset is considered to be unlikely.

The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Company recognizes interest and penalties related to income tax matters as a component of income tax expense.

Functional Currency Translation

The functional currency of the Company’s wholly-owned subsidiaries is the Canadian dollar, whereby their assets and liabilities are translated at

period-end

exchange rates except for nonmonetary capital transactions and balances, which are translated at historical rates. All income and expense amounts of the Company are translated at average exchange rates for the respective period. Translation gains and losses are not included in determining net loss but are accumulated in a separate component of stockholders’ equity. Foreign currency transaction gains and losses are included in the determination of net loss in the period in which they occur. These amounts are included in other income, net, of the unaudited consolidated statements of operations and comprehensive loss.

Comprehensive Loss

The Company’s comprehensive income or loss consists of net income or loss and other comprehensive loss. Foreign currency translation gains and losses are included in the Company’s other comprehensive income or loss.

Basic and Diluted Net Loss Per Share

Basic net loss per common share is calculated by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration of potentially dilutive securities. Diluted net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common stock and potentially dilutive securities outstanding for the period. For the purposes of the diluted net loss per share calculation, the convertible preferred stock, common stock options, convertible preferred stock warrants, common stock warrants, convertible notes, earnout shares, and sponsor vesting shares are considered to be potentially dilutive securities. Basic and diluted net loss per share attributable to common stockholders is presented in conformity with the

two-class

method required for participating securities. The

two-class

method determines net loss per share for each class of common and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. All series of the Company’s convertible preferred stock are considered to be participating securities because, in addition to cumulative dividends, all holders are entitled to receive a

non-cumulative

dividend on a pari passu basis in the event that a dividend is paid on the common stock. The

two-class

method requires loss available to common stockholders for the period to be allocated between common and participating securities based upon their respective rights to share in undistributed earnings as if all loss for the period had been distributed. The holders of the convertible preferred stock do not have a contractual obligation to share in the Company’s losses. Accordingly, the Company’s net loss is attributed entirely to common stockholders. Since the Company has reported a net loss for all periods presented, diluted net loss per common share is the same as basic net loss per common share for those periods.

Reclassifications

Certain amounts in prior periods have been reclassified to conform with the report classifications of the three months and six months ended June 30, 2021, noting the Company has reflected the reverse recapitalization pursuant to the Business Combination for all periods presented within the unaudited condensed consolidated balance sheets and condensed consolidated statements of redeemable convertible preferred stock and stockholders’ equity.

Segment Reporting

The Company operates in a single segment. Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker (“CODM”) in making decisions regarding resource allocation and assessing performance. The Company has determined that its

Co-Chief

Executive Officers are the CODM. To date, the Company’s CODM has made such decisions and assessed performance at the Company level.

As of June 30, 2021 and December 31, 2020, the Company had $48.8 million and $45.4 million, respectively, of assets located outside of the United States.

Emerging Growth Company Status

Following the closing of the Business Combination, the Company is an “emerging growth company” (“EGC”), as defined in the Jumpstart Our Business Startups Act (“JOBS Act”), and may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not EGCs. The Company may take advantage of these exemptions until it is no longer an EGC under Section 107 of the JOBS Act, which provides that an EGC can take advantage of the extended transition period afforded by the JOBS Act for the implementation of new or revised accounting standards. The Company has elected to avail itself of the extended transition period and, therefore, while the Company is an EGC it will not be subject to new or revised accounting standards at the same time that they become applicable to other public companies that are not EGCs, unless it chooses to early adopt a new or revised accounting standard. As a result of this election, the condensed consolidated financial statements may not be comparable to companies that comply with public company FASB standards’ effective dates. We will no longer qualify as an emerging growth company for Securities Act or Exchange Act reporting after December 31, 2021.

Business Combination

6 Months Ended

Jun. 30, 2021

Business Combinations [Abstract]

Business Combination

4.	Business Combination

On June 25, 2021, Legacy Origin and Artius completed the Business Combination pursuant to the Merger Agreement with Legacy Origin (Micromidas, Inc.) surviving the merger as a wholly owned subsidiary of Artius, which became Origin Materials, Inc. Cash proceeds from the Business Combination totaled approximately $385.4 million, which included funds held in Artius’s trust account and the completion of the concurrent PIPE and Backstop Financing.

In accordance with the terms and subject to the conditions of the Merger Agreement, at the effective time of the Merger, (i) all shares of Legacy Origin’s Series A, Series B, and Series C Preferred Stock, and Common Stock (collectively, “Legacy Origin Stock”) issued and outstanding immediately prior to the effective time of the Merger were converted into the right to receive their pro rata portion of shares of Company Common Stock (the “Common Stock”) issued as Merger consideration (the “Merger Consideration”); (ii) holders of Legacy Origin’s Convertible Notes Payable, plus accrued interest also received shares of Company common stock; (iii) each option exercisable for Legacy Origin Stock that was outstanding immediately prior to effective time of the Merger was assumed and continues in full force and effect on the same terms and conditions as were previously applicable to such options, subject to adjustments to exercise price and number of shares Common Stock issuable upon exercise based on the final conversion ratio calculated in accordance with the Merger Agreement. Additionally, as part of the consideration transferred, stockholders of Legacy Origin and Artius were given the right to additional shares in the Company. These shares vest to the holder upon the share price of the Company reaching certain targets over a future period (“Earnout Shares”, see Note 13).

The Company accounted for the Business Combination as a reverse recapitalization, which is the equivalent of Legacy Origin issuing stock for the net assets of Artius, accompanied by a recapitalization, with Artius treated as the acquired company for accounting purposes. The determination of Artius as the “acquired” company for accounting purposes was primarily based on the fact that subsequent to the Business Combination, Legacy Origin will comprise all of the ongoing operations of the combined entity, a majority of the governing body of the combined company and Legacy Origin’s senior management will comprise all of the senior management of the combined company. The net assets of Artius were stated at historical cost with no goodwill or other intangible assets recorded. Reported results from operations included herein prior to the Business Combination are those of Legacy Origin. The shares and corresponding capital amounts and loss per share related to Legacy Origin’s outstanding convertible preferred stock and common stock prior to the Business Combination have been retroactively restated to reflect the conversion ratio established in the Merger Agreement

(1.00 Legacy Origin share for approximately 2.11 shares of New Origin, the “Conversion Ratio”)

In connection with the Business Combination, the Company incurred underwriting fees and other costs considered direct and incremental to the transaction totaling $36.7 million, consisting of legal, accounting, financial advisory and other professional fees. These amounts are reflected within additional

paid-in

capital in the condensed consolidated balance sheet as of June 30, 2021.

PIPE Financing

Concurrent with the execution of the Business Combination, the Company entered into subscription agreements with certain investors (the “PIPE Investors”) pursuant to which the PIPE Investors subscribed for and purchased an aggregate of 20,000,000 shares of Common Stock for an aggregate purchase price of $200 million.

Backstop Agreement

Concurrent with the execution of the Business Combination, the Company entered into various subscription agreements (the “Subscription Agreements”) with certain current shareholders of the Company or their affiliates (collectively, the “Subscribers”), pursuant to which the Subscribers agreed, subject to certain conditions in the Subscription Agreements, to purchase an aggregate amount of 4,300,001 shares of common stock of the Company, par value $0.0001 per share (the “Subscription Shares”), at $10.00 per share.

Summary of Net Proceeds

The following table summarizes the elements of the net proceeds from the Business Combination as of June 30, 2021 (in thousands):


Cash—Trust Account (net of redemptions of $439 million)	$	260,448
Cash		60
Cash—PIPE & Backstop Financing		243,000
Non-cash net assets assumed from Artius		40
Less: Fair value of assumed common stock warrants		(83,370	)
Less: Underwriting fees and other issuance costs paid prior to June 30, 2021		(34,773	)

Additional Paid-in-Capital from Business Combination, net of issuance costs paid	$	385,405
Less: Non-cash net assets assumed from Artius		(40	)
Add: Non-cash fair value of assumed common stock warrants		83,370
Add: Other issuance costs included in accounts payable and accrued liabilities		761
Less: Accrued liabilities extinguished through proceeds from Business Combination		(1,966	)

Cash proceeds from the Business Combination	$	467,530

Summary of Shares Issued

The following table summarizes the number of shares of Common Stock outstanding immediately following the consummation of the Business Combination:


Artius shares outstanding prior to the Business Combination, excluding 4,500,000 Sponsor Vesting Shares			86,062,500
Less: redemption of Artius shares			43,880,956
Shares issued pursuant to the PIPE and Backstop Financing			24,300,001

Business Combination and PIPE Financing shares, excluding 4,500,000 Sponsor Vesting Shares			66,481,545

Conversion of Legacy Origin Series A preferred stock for common stock			33,783,099
Conversion of Legacy Origin Series B preferred stock for common stock			19,755,784
Conversion of Legacy Origin Series C preferred stock for common stock			6,286,349
Conversion of Legacy Origin convertible notes for common stock			2,049,212
Conversion of Legacy Origin common stock for common stock			2,838,041
Issuance of common stock upon exercise of warrants			5,554,440

Total shares of New Origin common stock outstanding immediately following the Business Combination			136,748,470

The 4,500,000 of Sponsor Vesting Shares (Note 13) are not issued shares and are not included in the table, above.

Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2021

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

5.	Recent Accounting Pronouncements

Recently Adopted Accounting Pronouncements

In December 2019, the FASB issued ASU

2019-12,

Income Taxes (Topic 740), to simplify the accounting for income taxes. The new guidance changes various subtopics of accounting for income taxes including, but not limited to, accounting for “hybrid” tax regimes, tax basis

step-up

in goodwill obtained in a transaction that is not a business combination, intraperiod tax allocation exception to incremental approach, ownership changes in investments, interim-period accounting for enacted changes in tax law, and

year-to-date

loss limitation in interim-period tax accounting. The Company early adopted the new standard as of January 1, 2021. The adoption of the standard had no material impact on the Company’s financial results.

Recently Issued Accounting Pronouncements Not Yet Adopted

In February 2016, the FASB issued ASU

2016-02,

Leases (Topic 842)

, as amended, with guidance regarding the accounting for and disclosure of leases. This update requires lessees to recognize the liabilities related to all leases, including operating leases, with a term greater than 12 months on the balance sheets. This update also requires lessees and lessors to disclose key information about their leasing transactions. This guidance will become effective for the Company for the current annual reporting period ending December 31, 2021 and interim periods thereafter. The Company is currently evaluating the impact of this standard on its unaudited consolidated financial statements.

In June 2016, the FASB issued ASU

2016-13,

Measurement of Credit Losses on Financial Instruments

, which requires a financial asset (or a group of financial assets) measured on the basis of amortized cost to be presented at the net amount expected to be collected. This ASU requires that the income statement reflect the measurement of credit losses for newly recognized financial assets as well as the increases or decreases of expected credit losses that have taken place during the period. This ASU requires that credit losses of debt securities designated as

available-for-sale

be recorded through an allowance for credit losses and limits the credit loss to the amount by which fair value is below amortized cost. This guidance will become effective for the Company for the current annual reporting period ending December 31, 2021 and interim periods thereafter. The Company is currently evaluating the impact of this standard on its unaudited consolidated financial statements.

In August 2020, the FASB issued ASU

2020-06,

Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

, which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in an entity’s own equity. The guidance is effective for fiscal years beginning on or after December 15, 2021, with early adoption permitted, but no earlier than fiscal years beginning after December 15, 2020. The Company is currently evaluating the impact of the guidance on its unaudited consolidated financial statements.

In March 2020, the Financial Accounting Standards Board issued ASU

No. 2020-04,

Reference Rate Reform

, which provides temporary optional guidance to companies impacted by the transition away from the London Interbank Offered Rate (“LIBOR”). The guidance provides certain expedients and exceptions to applying U.S. GAAP in order to lessen the potential accounting burden when contracts, hedging relationships, and other transactions that reference LIBOR as a benchmark rate are modified. The provisions of the new standard may be adopted as of the beginning of the reporting period when the election is made until December 31, 2022. The Company is evaluating the impact this ASU will have on its financial position, results of operations, cash flows, and disclosures. The Company has not elected an adoption date.

Fair Value Measurement

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value Measurement

6.	Fair Value Measurement

The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (amounts in thousands):


	Fair Value as of June 30, 2021
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds in cash and cash equivalents	$	2,513	$	—	$	—	$	2,513

Total fair value	$	2,513	$		$		$	2,513

Liabilities:
Assumed common stock warrants (Public)	$	47,093	$	—	$	—	$	47,093
Assumed common stock warrants (Private Placement)		—		22,087		—		22,087
Earnout liability		—		—		157,585		157,585

Total fair value	$	47,093	$	22,087	$	157,585	$	226,765


	Fair Value as of December 31, 2020
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds in cash and cash equivalents	$	936	$	—	$	—	$	936

Total fair value	$	936	$	—	$	—	$	936

Liabilities:
Redeemable convertible preferred stock warrants liability	$	—	$	—	$	19,233	$	19,233
Derivative liability		—		—		1,239		1,239

	$	—	$	—	$	20,472	$	20,472

The Company performs routine procedures such as comparing prices obtained from independent sources to ensure that appropriate fair values are recorded. Because the transfer of Private Placement Warrants to anyone outside of certain permitted transferees of Artius Acquisition Partners LLC (the “Sponsor”) would result in the Private Placement Warrants having substantially the same terms as the Public Warrants, the Company determined that the fair value of each Private Placement Warrant is consistent with that of a Public Warrant. Accordingly, the Private Placement Warrants are classified as Level 2 financial instruments.

The value of the redeemable convertible preferred stock warrants liability and the derivative liability are classified as Level 3 measurements under the fair value hierarchy, as these liabilities have been valued based on significant inputs not observable in the market.

As of June 30, 2021 and December 31, 2020, the carrying values of cash and cash equivalents, accounts payable and accrued liabilities approximate their respective fair values due to their short-term nature.

Redeemable Convertible Preferred Stock Warrant Liability

In connection with the issuance of Series A preferred stock during 2012, the Company issued preferred stock warrants to purchase 1,000,000 shares of Series A preferred stock at an exercise price of $2.7233 per share. These warrants were initially exercisable any time within 10 years of issuance. In November 2019, as part of the Bridge Notes issuance (see Note 11), these Series A preferred stock warrants had their contractual exercise period extended 10 years to October 2032.

In connection with the issuance of Series A preferred stock during 2015, the Company issued preferred stock warrants to purchase 1,134,653 shares of Series A preferred stock at an exercise price of $2.7233 per share. These warrants were initially exercisable any time within 10 years of issuance. In November 2019, as part of the Bridge Notes issuance (see Note 11), these Series A preferred stock warrants had their contractual exercise period extended 10 years to October 2035.

In connection with the issuance of Series A preferred stock during April 2016, the Company issued a preferred stock warrant to purchase 122,400 shares of Series A preferred stock at an exercise price of $2.7233 per share. This warrant is exercisable and expires in April 2036.

In connection with the issuance of convertible promissory notes in 2016, the Company in 2016 and 2017 issued preferred stock warrants to purchase 331,927 and 35,412 shares, respectively, of Series B preferred stock at an exercise price of $7.486 per share. These preferred stock warrants are exercisable and expire from June through July 2026 and June 2036 through January 2037.

At December 31, 2020, the fair value of the preferred stock warrants was determined using the probability-weighted expected return method which estimates the fair value of the warrants through an analysis of future values for the Company, assuming various future outcomes. A Black-Scholes option pricing model (BSM) is utilized in this method, to the extent necessary, based on current conditions. At December 31, 2020, due to the increasing likelihood of the merger, the BSM was not necessary to execute the model. A summary of key assumptions in the BSM for determining the fair value of redeemable convertible preferred stock warrants include:


	December 31, 2020
Expected life (years)		3.00
Risk-free interest rate		0.17	%
Expected volatility		70.00	%
Dividend yield		0	%

The preferred stock warrants were reclassified to equity through the closing of the business combination (see Note 4).

Derivative Liability

The Company evaluated the stockholder convertible notes payable in accordance with ASC 815 Derivatives and Hedging and determined that the embedded components of these contracts qualify as a derivative to be separately accounted for as a liability. The Company records the fair value of the embedded components in accordance with ASC 815, Derivatives and Hedging. The fair value of the derivatives was calculated using a model that estimated the value that would be paid to transfer the liability in an orderly transaction between market participants at the measurement date. The fair value of the derivative liabilities is revalued on each balance sheet date with a corresponding gain or loss recorded in the consolidated statement of operations.

The following table sets forth a summary of the activities of the Company’s redeemable convertible preferred stock warrant liability and derivative liability, which represents a recurring measurement that is classified within Level 3 of the fair value hierarchy wherein fair value is estimated using significant unobservable inputs:


	Three Months Ended June 30,
(in thousands)	2021			2020
Beginning warrant liability balance	$	67,342		$	735
Change in fair value		(12,201	)		105
Reclassification to APIC upon recapitalization		(55,141	)		—

Ending warrant liability balance	$	—		$	840


	Three Months Ended March 31,
(in thousands)	2021			2020
Beginning derivative liability balance	$	3,826		$	147
Change in fair value		(3,826	)		(12	)

Ending derivative liability balance	$	—		$	135

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Property, Plant and Equipment

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

7.	Property, Plant and Equipment

Property, plant, and equipment consisted of the following:


	June 30, 2021			December 31, 2020
Land	$	41		$	39
Pilot plant		5,305			5,237
Lab equipment		2,142			1,958
Machinery and equipment		655			655
Computer and other equipment		319			295
Construction in process		47,664			43,962

		56,126			52,146
Less accumulated depreciation and amortization		(7,272	)		(7,042	)

Total property, plant, and equipment, net	$	48,854		$	45,104

For the three months ended June 30, 2021 and 2020, depreciation expense totaled $0.1 million.

At June 30, 2021 and December 31, 2020, the Company capitalized $0.8 million and $0.7 million, respectively, of interest cost into Origin 1. At June 30, 2021 and December 31, 2020 a cumulative translation adjustment of $0.7 million and $0.9 million, respectively, is included in total property, plant, and equipment as a result of foreign currency transaction gains and losses.

Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

8.	Intangible Assets

Intangible assets consisted of the following:


	June 30, 2021			December 31, 2020
Patents	$	442		$	430
Less accumulated amortization		(200	)		(172	)

	$	242		$	258

The weighted average useful life of the intangible assets was 9.87 years. For the three months ended June 30, 2021 and 2020, amortization expense was $14,189 and $5,222, respectively.

Consortium Agreement

6 Months Ended

Jun. 30, 2021

Pledged Financial Instruments, Not Separately Reported, Securities, by Type of Agreement [Abstract]

Collaborative Arrangement Disclosure [Text Block]

9.	Consortium Agreement

In December 2016, the Company entered into a consortium agreement with two Legacy Origin Series B preferred stock investors to collaborate on development of a process to commercialize

bio-based,

decarbonizing materials for application on an industrial scale at a competitive price. Under the consortium agreement, the Company received $500,000. The agreement expires once performance of the research and development program has been completed.

In August 2018, the agreement was amended, whereby a Legacy Origin Series C preferred stock investor (the “Legacy Origin Series C Investor”, and collectively with the two Legacy Origin Series B investors, the “Legacy Origin Investors”) was added to the agreement and committed to invest $1,500,000 of research and development in the consortium. As of June 30, 2021, the Legacy Origin Series C Investor had not invested any funds in the consortium.

In 2020 an additional counterparty, that is an unrelated party, was added to the consortium agreement. During three months ended June 30, 2021 and 2020, the Company received $0 and $0.1 million, respectively, under the consortium agreement which was recorded as other income, net in the consolidated statement of operations and comprehensive loss.

Offtake Arrangements

6 Months Ended

Jun. 30, 2021

Deferred Compensation Arrangements [Abstract]

Offtake Arrangements

10.	Offtake Arrangements

The Company maintains four separate offtake supply agreements (the “Offtake Agreements”). All are with stockholders or affiliates of stockholders. Pursuant to the Offtake Agreements, the Company will construct manufacturing plants with specific capacity and product quality requirements within certain timeframes for the manufacture of product for sale to the counterparties to the agreements, and the counterparties will make minimum annual purchases at a set price, subject to adjustments, all as defined in the agreements.

The Offtake Agreements allow the customers to terminate the agreements if specified construction and product delivery requirements are not satisfied. For example, under two of these agreements, if Origin 1 has not commenced commercial operation by December 31, 2021 or Origin has not delivered specified product volume from Origin 1 by September 30, 2022, then the customer may terminate the agreement and any outstanding secured promissory notes resulting from advance payments made to Origin will become due immediately (see Note 11). These outstanding obligations, together with accrued interest, totaled an aggregate of $10.8 million and $10.7 million as of June 30, 2021 and December 31, 2020 respectively (see Notes 11 and 12). These agreements also require the Company to pay liquidated damages up to an aggregate of $0.9 million if Origin 1 has not commenced commercial operation by December 31, 2020 or the Company has not delivered specified product volume from Origin 1 by September 30, 2021. In September 2020, the counterparties to these agreements agreed to waive compliance with the milestones and their right to liquidated damages until June 30, 2021, in order to facilitate the negotiation of amendments to the agreements, including the milestone achievement dates. In June 2021, one of the counterparties agreed to further extend this deadline through September 30, 2021. A third offtake agreement is terminable by the customer if commercial operation or delivery of product from Origin 1 has not occurred by December 31, 2022.

The Company believes enforcement of the liquidated damages provisions was not probable and expects to secure amendments to these offtake agreements pursuant to its ongoing discussions with these customers. However, the Company cannot guarantee that it will be successful in amending these offtake agreements.

One of the Offtake Agreements provides the counterparty the option, exercisable within one year of the first delivery of product from Origin 1, to enter into a contract to purchase a range of quantities of product from Origin 2 for a maximum term of 10 years. If the option is exercised and the Company directly or indirectly constructs Origin 2, the Company must either enter into an agreement with the counterparty within 90 days or pay a fee. The are no impacts to these unaudited condensed consolidated financial statements from this stipulation.

Debt

6 Months Ended

Jun. 30, 2021

Debt [Abstract]

Debt

11.

Debt

PPP Loan

In April 2020, the Company executed a promissory note (the “PPP Note”) evidencing an unsecured loan in the amount of $0.9 million under the Paycheck Protection Program (the “PPP Loan”). The Paycheck Protection Program (or “PPP”) was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and is administered by the U.S. Small Business Administration (“SBA”). The Loan has been made through First Republic Bank (the “Lender”).

The PPP Loan has a

two-year

term and bears interest at a rate of 1.00% per annum, accruing upon funding. Unless the PPP Loan is forgiven, the Company will be required to make monthly payments of principal and interest to the Lender. The Company does not intend to seek forgiveness of the PPP loan.

The PPP Note contains customary events of default relating to, among other things, payment defaults, providing materially false and misleading representations to the SBA or Lender, or breaching the terms of the PPP Loan documents. The occurrence of an event of default may result in the immediate repayment of all amounts outstanding, collection of all amounts owing from the Company, or filing suit and obtaining judgment.

Under the terms of the CARES Act, PPP Loan recipients can apply for and be granted forgiveness for all or a portion of the loan granted under the PPP. Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds for payment of payroll costs and any payments of mortgage interest, rent, and utilities. However, no assurance is provided that forgiveness for any portion of the PPP Loan will be obtained.

The PPP Loan was paid in full during the 3 months ended June 30, 2021.

Stockholder Convertible Notes Payable

In November 2019, the Company entered into secured convertible note agreements (“Bridge Notes”) with certain Legacy Origin preferred stockholders, whereby the Company can borrow up to $6 million. The Bridge Notes bear an annual interest rate of 10% and mature on March 31, 2021, unless converted. If the Company issues shares of a new series of preferred stock prior to maturity, the outstanding principal and unpaid accrued interest will convert at 70% of the per share price of the new series of preferred stock. Upon a liquidation event, as defined in the agreements, the Company will repay purchasers in cash an amount equal to 200% of the outstanding principal amount plus the outstanding principal and accrued interest. The Bridge Notes are collateralized by substantially all of the Company’s assets. At December 31, 2020, there was $3.3 million, outstanding on the Bridge Notes. The conversion and liquidation features were deemed to be derivatives under ASC 815 (see Note 6) and separately measured and recognized from the Bridge Notes through a debt discount.

In January of 2021, the Company amended the Bridge Notes to extend the maturity date from March 31, 2021 to September 30, 2021. The amendment also added a SPAC transaction to the conversion provision such that the Bridge Notes convert if the Company issues at least $50 million of shares of a new series of preferred stock or closes a SPAC transaction (each a “Qualified Financing”) prior to maturity. In a Qualified Financing that is a preferred stock issuance, the notes convert at 70% of the cash price paid per share for the preferred shares. In a Qualified Financing that is a SPAC transaction, the notes convert at the lesser of (i) 70% of the per share value attributed to the shares of the Company’s common stock as set forth in the Merger Agreement or (ii) the per share value that would be attributed to the Company’s common stock assuming a

pre-transaction

valuation of the Company in connection with the SPAC transaction of $700 million. These notes fully converted into New Origin common stock upon consummation of the business combination (see Note 4).

In February of 2021 the Company issued $10 million of new, unsecured convertible notes (the “Convertible Notes”). The Convertible Notes bear an annual interest rate of 8% and mature on September 30, 2021, unless converted. If the Company issues at least $50 million worth of shares of a new series of preferred stock prior to maturity or closes a SPAC transaction (each a “Qualified Financing”), the outstanding principal and unpaid accrued interest will convert at 80% of the per share price of the new series of preferred stock or, in the case of a SPAC transaction, at 80% of the per share value attributed to the shares of the Company’s common stock as set forth in the Merger Agreement. Upon a Change of Control (other than a Qualified Financing), as defined in the Convertible Notes, the Company will repay purchasers in cash an amount equal to the outstanding principal and accrued interest plus a repayment premium equal to 100% of the outstanding principal amount of the notes. Debt issuance costs are recorded against the outstanding payable balance. These notes fully converted into New Origin common stock upon consummation of the business combination (see Note 4).

Stockholder Note

In November 2016, the Company received a $5 million prepayment from a stockholder for product from Origin 1 pursuant to an Offtake Agreement (see Note 10). The prepayment was to be credited against the purchase of products over the term of the Offtake Agreement. The prepayment was secured by a promissory note (the “Promissory Note”) to be repaid in cash in the event that the prepayment could not be credited against the purchase of product, for example, if Origin 1 was never constructed. The Promissory Note was collateralized substantially by Origin 1 and other assets of Origin Material Canada Pioneer Limited. In May 2019, the Company and stockholder amended the Offtake Agreement and Promissory Note. The amendment added accrued interest of $0.2 million to the principal balance of the prepayment and provided for the prepayment amount to be repaid in three annual installments rather than being applied against the purchase of product from Origin 1. The Promissory Note would bear interest at 3.50% per annum and be repaid in three installments of $2.2 million, $2.1 million, and $2.1 million (inclusive of accrued but unpaid interest) on December 20, 2024, December 19, 2025, and December 18, 2026, respectively, unless the Bridge Notes have not been converted or repaid by December 30, 2021, in which case the Promissory Note maturity date would be December 31, 2021. At June 30, 2021 and December 31, 2020, the total debt outstanding was $5.2 million.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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-Name Accounting Standards Codification
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+ Details

Other Liabilities, Long-Term And Related Party Other Liabilities, Long-Term

6 Months Ended

Jun. 30, 2021

Other Liabilities Disclosure [Abstract]

Other liabilities, long-term and related party other liabilities, long-term

12.	Other liabilities, long-term and related party other liabilities, long-term

Other Liabilities, Long-term

In September 2019, the Company entered into a $5.0 million prepayment agreement for the purchase of products from Origin 2. The prepayment is to be made in two equal installments: the first $2.5 million was in October 2019 and the remaining $2.5 million is due within 30 days of the customer confirming that a sample from Origin 1 meets the customer’s specifications. The Company and customer agreed to work in good faith to execute an Offtake Agreement, the agreed terms of which are set forth in the prepayment agreement, whereby 100% of the prepayment will be applied against future purchases. The prepayment agreement provides the customer a capacity reservation of up to a specified annual volume of product from Origin 1 for a term of ten years, pursuant to the terms of an Offtake Agreement. At June 30, 2021 and December 31, 2020, the total amount outstanding on this agreement was $2.5 million.

Related Party Other Liabilities, Long-term

In November 2016, the Company received a $5 million prepayment from a stockholder for product from Origin 1 pursuant to an Offtake Agreement (see Note 10). The prepayment is to be credited against the purchase of products from Origin 1 over the term of the Offtake Agreement. Specifically, repayment is effected by applying a credit to product purchases each month over the first five years of operation of Origin 1 up to $7.5 million, which is equal to 150% of the prepayment amount. If product purchases are not sufficient to recover the advances, the application of the credit to purchases as payment of the advances will continue until fully repaid. The prepayment is secured by a note to be repaid in cash in the event the prepayment cannot be credited against the purchase of product, for example, if Origin 1 is never constructed. The note is collateralized substantially by Origin 1 and other assets of Origin Material Canada Pioneer Limited. If repaid in cash, the note bears an annual interest rate of the three-month London Interbank Offered Rate (LIBOR) plus 0.25% (0.38% at June 30, 2021) and matures five years from the commercial operation date of Origin 1. At June 30, 2021 and December 31, 2020 the total note principal outstanding was $5.1 million and accrued interest outstanding was $0.1 million.

Earnout Liability

6 Months Ended

Jun. 30, 2021

Earnout Liability Disclosure [Abstract]

Earnout Liability

13.	Earnout liability

As additional consideration for the Merger, within ten (10) Business Days after the occurrence of a Triggering Event, Artius shall issue or cause to be issued to each

Pre-Closing

Origin Holder the number of shares of Artius Class A Common Stock equal to the product of (i) the number of shares of Company Common Stock, Company Series A Preferred Stock, Company Series B Preferred Stock, Company Series C Preferred Stock, and the net number of shares of Company Capital Stock that would be issuable in respect of Vested Company Options in the event such options were exercised (on a net exercise basis with respect to only the applicable exercise price, immediately prior to the Closing and settled in the applicable number of shares of Company Common Stock, rounded down to the nearest whole share) held by such

Pre-Closing

Origin Holder as of immediately prior to the Effective Time; and (ii) the Earnout Exchange Ratio (such issued shares of Artius Class A Common Stock, collectively, the “Earnout Shares”). Notwithstanding anything to the contrary herein, in no event shall Artius be required to issue more than 25,000,000 Earnout Shares in the aggregate. A Triggering Event is defined as the following:

(a) a $15.00 Stock Price Level is reached during the three (3) year period following the Closing Date;

(b) a $20.00 Stock Price Level is reached during the four (4) year period following the Closing Date; or

A Sponsor Letter Agreement was delivered in connection with the Merger such that 4,500,000 million of the shares held by Sponsor (“Sponsor Vesting Shares”) shall be subject forfeiture based on the same vesting requirements as the Earnout Shares. These shares shall not be transferred prior to the date in which they vest. Dividends and other distributions with respect to Sponsor Vesting Shares shall be set aside by Artius and shall be paid to the Sponsor upon the vesting of such Sponsor Vesting Shares.

The Company evaluated the Earnout Liability under ASC

815-40,

Derivatives and Hedging-Contracts in Entity’s Own Equity (“ASC

815-40”)

, and concluded they do not meet the criteria to be classified in stockholders’ equity. Specifically, there are contingent exercise provisions and settlement provisions that exist. Holders may receive differing amounts of shares depending on the company’s stock price or the price paid in a change of control. It is noted that all remaining shares would be issuable (or the forfeiture provisions would lapse) upon any change of control involving the company and all remaining shares would be issuable (or the forfeiture provisions would lapse) upon a bankruptcy or insolvency of the company. This means that settlement is not solely impacted by the share price of the Company (that is, the share price observed in or implied by a qualifying

change-in-control

event), but also by the occurrence of a qualifying

change-in-control

event. This causes the arrangement to not be indexed to the Company’s own shares and liability classification is appropriate. The Company recorded these instruments as liabilities on the condensed consolidated balance sheet at fair value, with subsequent changes in their respective fair values recognized in earnings at each reporting date. The earnout liability was fair valued using a monte carlo open-ended model. The inputs used for the model were a dividend yield of 0%, volatility of 63%, and interest rate of 0.87%. At June 30, 2021 and December 31, 2020 the balance of the earnout liability was $158 million and $0, respectively. A gain of $45.5 million was recorded in the three months and six months ended condensed consolidated statement of operations and comprehensive loss for the change in the fair market value of the liability.

Canadian Government Research and Development Program Liability

6 Months Ended

Jun. 30, 2021

Research and Development [Abstract]

Canadian Government Research and Development Program Liability

14.	Canadian Government Research and Development Program Liability

In April 2019, the Company entered into a contribution agreement related to the research and development and construction associated with the operation of Origin 1 in which the Company will participate in a Canadian government research and development program (the “R&D Agreement”). Pursuant to the R&D Agreement, the Company will receive funding for eligible expenditures through March 31, 2023 up to the lesser of approximately 22.14% of eligible costs and $23 million (in Canadian dollars).

The funding will be repaid over 15 years after completion of Origin 1, commencing no sooner than the third fiscal year of consecutive revenues from a commercial plant, but no later than the fifth year following the earlier of (i) the year in which the Company completes construction of Origin 1 or (ii) March 2023. Repayment of the funding will be reduced by 50% if the Company begins construction before December 31, 2024 of one or more commercial plants that operate in Canada, with costs exceeding $500 million (in Canadian dollars), and the plants being constructed and operational within 30 months of the final investment decision, as defined in the R&D Agreement. Once begun, repayments will be paid annually by April of each year through March 31, 2037. Payments will be determined by a formula of the funded amount based on the fiscal year gross business revenue, as defined in the R&D Agreement. At June 30, 2021 and December 31, 2020, the Company recorded a liability for the amount received of $6.4 million and $6.2 million, respectively.

Assumed Common Stock Warrants

6 Months Ended

Jun. 30, 2021

Assumed Common Stock Warrants [Abstract]

Assumed common stock warrants

15.	Assumed Common Stock Warrants

As of June 30, 2021 there are 35,476,667 warrants outstanding.

As part of Artius’s initial public offering, 24,150,000 Public Warrants were sold. The Public Warrants entitle the holder thereof to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustments. The Public Warrants may be exercised only for a whole number of shares of Common Stock. No fractional shares will be issued upon exercise of the warrants. The Public Warrants will expire on June 25, 2026 at 5:00p.m., New York City time, or earlier upon redemption or liquidation. The Public Warrants are listed on the Nasdaq under the symbol “ORGNW”.

The Company may redeem the Public Warrants when exercisable, in whole and not in part, at a price of $0.01 per warrant, so long as the Company provides not less than 30 days’ prior written notice of redemption to each warrant holder, and if, and only if, the reported last sale price of the Common Stock equals or exceeds $18.00 per share for any 20 trading days within a

30-trading

day period ending on the third trading day prior to the date the Company sends the notice of redemption to the warrant holders.

Simultaneously with Artius’s initial public offering, Artius consummated a private placement of 11,326,667 Private Placement Warrants with the Sponsor. The Private Placement Warrant is exercisable for one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment. The Private Placement Warrants are identical to the Public Warrants, except that: (1) the Private Placement Warrants and the shares of Class A Common Stock issuable upon exercise of the Private Placement Warrants are not transferable, assignable or salable until the earliest to occur of: (i) 365 days after the date of the Closing; (ii) the first day after the date on which the closing price of the Public Shares (or any successor securities thereto) equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any

30-trading

day period commencing at least 150 days after the date of the Closing; or (iii) the date on which Artius completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of Artius’s Public Shareholders having the right to exchange their Public Shares (or any successor securities thereto) for cash, securities or other property, subject to certain limited exceptions, (2) the Private Placement Warrants will be exercisable on a cashless basis and be

non-redeemable,

except if the reference value equals or exceeds $10.00 and is less than $18.00 (as described above), so long as they are held by the initial purchasers or their permitted transferees, and (3) the Private Placement Warrants and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants will be entitled to registration rights. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable under all redemption scenarios by the Company and exercisable by such holders on the same basis as the Public Warrants.

The Company concluded the Public Warrants and Private Placement Warrants, or Assumed Common Stock Warrants, meet the definition of a derivative under ASC 815 and are recorded as liabilities. Upon consummation of the Business Combination, the fair value of the Assumed Common Stock Warrants was recorded on the Condensed Consolidated Balance Sheet. The fair value of the Assumed Common Stock Warrants was remeasured on the June 30, 2021 Condensed Consolidated Balance Sheet at $69.2 million with a gain of $14.2 million recorded in the three months and six months ended Condensed Consolidated Statement of Operations.

Stockholders' Equity

6 Months Ended

Jun. 30, 2021

Stockholders' Equity Note [Abstract]

Stockholders' Equity

16.	Stockholders’ Equity

As of June 30, 2021, 1,010,000,000 shares, $0.0001 par value per share are authorized, of which, 1,000,000,000 shares are designated as Common Stock and 10,000,000 shares are designated as Preferred Stock.

Common Stock

Holders of the common stock are entitled to dividends when, as, and if, declared by the Board, subject to the rights of the holders of all classes of stock outstanding having priority rights to dividends. As of June 30, 2021, the Company had not declared any dividends. The holder of each share of Common Stock is entitled to one vote. There were 136,746,470 and 70,266,925 shares of common stock outstanding as of June 30, 2021 and December 31, 2020, respectively

Stock option plan

Prior to Business combination, the Company maintained its 2010 Stock Incentive Plan and 2020 Equity Incentive Plan, each as amended (together, the “Stock Plan”). Upon closing of the Business Combination, awards under the 2010 and 2020 Plan were converted at the Exchange Ratio and the 2021 Equity Incentive Plan was adopted and approved. As of June 30, 2021 there were 18,467,109 shares of common stock reserved under the Stock Option Plan. Under the Stock Plan, options must be issued at prices no less than the estimated fair value of the stock on the date of grant and are exercisable for a period not exceeding 10 years from the date of grant. Options granted to employees under the Stock Plan generally vest 25% one year from the vesting commencement date and 1/36th per month thereafter, although certain arrangements call for vesting over other periods. Options granted to nonemployees under the Stock Plan vest over periods determined by the Board (generally immediate to four years).

The following tables summarize the activity under the Stock Plan:


	Outstanding Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance at December 31, 2020		8,222,710		$	0.19		8.30
Granted		—		$	—
Exercised		(118,019	)		0.46
Forfeited / canceled		—			—

Balance as of March 31, 2021		8,104,691		$	0.19		8.06
Granted		—
Exercised		—
Forfeited / Canceled		(158,735	)	$	0.14

Balance as of June 30, 2021		7,945,956		$	0.19		7.78

Vested and expected to vest at June 30, 2021		7,346,541

During the quarter ended June 30, 2021, the Company did not grant any stock options.

As of June 30, 2021 and December 31, 2020, there were 2,696,439 and 2,537,704 options, respectively, available for grant under the Stock Plan. As of June 30, 2021 and December 31, 2020 there were 3,729,763 and 2,150,941 exercisable options, respectively. The aggregate intrinsic value of options vested and expected to vest at June 30, 2021 is $58,811,532.

The Company issued 2,920,732 of performance and market-based stock options during 2020. During the quarter ended March 31, 2021, the Company modified the vesting schedule of 529,119 of these performance and market based stock options such that vesting would be commence upon signing of the business combination. The Company entered into the Merger Agreement on February 16, 2021 resulting in the commencement of expense recognition related to these 529,119 options during the quarter ended March 31, 2021. For the remaining 2,391,613 performance and market-based stock options, expense commenced on the close date of the Merger, June 25, 2021, as that is the date when the performance condition was achieved.

During the three months ended June 30, 2021 and 2020, stock compensation expense of $3.5 million and $0, respectively, was recognized in general and administrative expenses on the unaudited condensed consolidated statements of operations and comprehensive income and loss. During the three months ended June 30, 2021 and 2020 stock compensation expense of $0.8 million and $0, respectively, was recognized in research and development expenses on the unaudited consolidated statements of operations and comprehensive income and loss. Total remaining compensation expense to be recognized under the Stock Plan is $8.0 million as of June 30, 2021 and will be amortized on a straight-line basis over the remaining vesting periods of approximately four years.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income Taxes

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

17.	Income Taxes

The provision for income taxes is recorded at the end of each interim period based on the Company’s best estimate of its effective income tax rate expected to be applicable for the full fiscal year. There is no provision for income taxes because the Company has incurred operating losses since inception. The Company’s effective income tax rate was 0% for the six months ended June 30, 2021 and 2020 and the realization of any deferred tax assets is not more likely than not.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Commitments and Contingencies

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

18.	Commitments and Contingencies

Commitments

In connection with the closing of the Business Combination, the Company entered into the Investor Rights Agreement on June 25, 2021 (the “Investor Rights Agreement”), pursuant to which the holders of Registrable Securities (as defined therein) became entitled to, among other things, customary registration rights, including demand, piggy-back and shelf registration rights. The Investor Rights Agreement also provides that the Company will pay certain expenses relating to such registrations and indemnify the registration rights holders against (or make contributions in respect of) certain liabilities which may arise under the Securities Act. On July 15, 2021, the Company registered the Registrable Securities for resale pursuant to a registration statement on Form S-1, as amended (File No. 333-257931) that became effective on July 30, 2021.

The Company leases office space and research and development space in Sacramento, California under noncancelable lease agreements, that expire in October 2025. Rental expense was $0.1 million for the three months ended June 30, 2021 and 2020.

In May 2018, the Company executed operating and maintenance agreements for certain services, to facilitate the development and thus bring Origin 1 to the condition necessary for its intended use, commencing in different periods between July 2018 and September

2019

, and all generally for five-year periods. The agreements are generally automatically extended for

one-year

periods thereafter. The agreements include annual fixed payments subject to escalation clauses at the beginning of each calendar year, as defined in the agreement. The minimum fixed payments are $0.4 million (in Canadian dollars) per year over the fixed term. Certain of the agreements include quantities that are based on volumes, as defined in the applicable agreements. The Company is also responsible for applicable taxes under these agreements. During the three months ended June 30, 2021 and 2020, the total amount capitalized into Property, Plant and Equipment, Net under the agreement was $0.1 million.

In May 2019, the Company also concurrently executed a

take-or-pay

steam supply agreement commencing by October 1, 2019, through December 31, 2022, whereby the Company will receive up to 25% for the first year and 50% thereafter of the steam generated, up to 140,000 MMBtus per year. The price paid for the steam is based on a fixed amount plus the supplier’s cost of natural gas, as defined in the agreement. During the three months ended June 30, 2021 and 2020, the total amount capitalized into Property, Plant and Equipment, Net under the agreement was $0.1 million.

In May 2018, the Company entered into a joint development agreement (the “JDA”) with a stockholder to evaluate alternative uses for one of the Company’s products. The term of the JDA is the later of (i) three years from the JDA effective date and (ii) the final expected development program completion date as specified in the JDA. There were no expenses under this agreement for the three months ended June 30, 2021 or 2020.

Patent licenses

In July 2017, the Company entered into a patent license agreement for $0.1 million, which expires upon expiration of the last patent in December 2025. Under this agreement, the Company will pay minimum royalty payments of $5,000 per year and, if the Company develops and sells certain products based on the patent, up to a maximum of $25,000 per year. Certain products that Origin is currently developing and anticipates selling are expected to utilize these patents.

In December 2016, the Company entered into a patent license agreement for $0.5 million, which expires upon expiration of the patent. Under this agreement, if the Company develops and sells specific products based on the patent, the Company would pay a royalty up to a cumulative $0.5 million from Origin 1, whereby no further payments will be due for any production at Origin 1. If production of those products occurs at subsequent facilities, the Company will pay an upfront license fee royalty and a variable royalty based on production at that subsequent facility, capped at an aggregate $10 million per facility. Certain products that the Company is currently developing and anticipates selling are expected to utilize these patents. No payments were made during the three months ended June 30, 2021 or 2020.

In November 2016, the Company entered into a patent license agreement for $35,000, which expires upon expiration of the patent. Under this agreement, if the Company produces products based on the patent, the Company will pay an annual royalty upon commencement of operations on Origin 1 of $25,000 up to a cumulative $1 million. The pipeline of Company products and sales are not currently expected to be subject to this patent.

payments were made during the three months ended June 30, 2021 or 2020.

In August 2015, the Company entered into a patent license agreement, which expires upon expiration of the patent. Under this agreement, if the Company develops and sells specific products based on the patent, the Company would pay a royalty up to $2 million per year and $10 million in the aggregate. Certain products that the Company is currently developing and anticipates selling are expected to utilize these patents.

payments were made during the three months ended June 30, 2021 or 2020.

In June 2011, the Company entered into a nonexclusive patents license agreement, which expires upon expiration of the last patent to expire. Under this agreement, the Company pays a royalty of $5,000 annually and if the Company develops and sells specific products based on the patent, 0.4% of net sales. The pipeline of Company products and sales are not currently expected to be subject to this patent.

Contingencies

At times there may be claims and legal proceedings generally incidental to the normal course of business that are pending or threatened against the Company. Although the Company cannot predict the outcome of these matters when they arise, in the opinion of management, any liability arising from them will not have a material adverse effect on the consolidated financial position, results of operations, or liquidity of the Company. At June 30, 2021 and December 31, 2020, there were

claims or legal proceedings.

Basic and Diluted Net Loss Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Basic and Diluted Net Loss Per Share

19.	Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders, which excludes sponsor vesting shares which are legally outstanding, but subject to return to the Company. Basic net income (loss) per share is computed by dividing net income (loss) for the period by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by computed by dividing net income (loss) for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of the convertible preferred stock warrants, as applicable pursuant to the treasury stock method, and the convertible notes, as applicable pursuant to the

if-converted

method. The following table sets forth the computation of basic and diluted net income (loss) per share:


(In thousands, except for share and per share amounts)	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021		2020
Numerator:
Net income (loss) attributable to common stockholders—Basic	$	62,531		$	(1,693	)	$	8,960	$	(3,663	)
Remeasurement of preferred stock warrant liability		(13,076	)		—			—		—

Net income (loss) attributable to common stockholders—Diluted	$	49,455		$	(1,693	)	$	8,960	$	(3,663	)

Denominator:
Weighted-average common shares outstanding—Basic (1)		67,548,052			62,545,293			65,098,310		62,544,604
Stock options		5,831,260			—			5,876,446		—
Warrants to purchase redeemable convertible preferred stock		5,249,279			—			—		—
Weighted-average common shares outstanding—Diluted (1)		78,628,591			62,545,293			70,974,743		62,544,604
Net income (loss per share)—Basic	$	0.93		$	(0.03	)	$	0.14	$	(0.06	)

Net income (loss per share)—Diluted	$	0.63		$	(0.03	)	$	0.13	$	(0.06	)

(1) Excludes weighted-average Sponsor Vesting Shares subject to return of 296,703 and 149,171 shares as of the three months and six months ended June 30, 2021, respectively.

Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. As of June 30, 2021, options for 1,481,531 shares of common stock, earnout shares for 25,000,000 shares of common stock, and Sponsor Vesting Shares for 4,500,000 shares of common stock were excluded from the table below because they are subject to performance conditions that were not achieved as of such date.

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholder for the periods presented because including them would have been antidilutive:


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Options to purchase common stock		—		1,981,176		—		1,981,176
Warrants to purchase common stock		35,476,667		—		35,476,667		—
Warrants to purchase redeemable convertible preferred stock, as-converted		—		5,554,470		—		5,554,470

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Basis of Presentation

Legacy Origin was determined to be the accounting acquirer based on the following predominant factors:

•

the Company’s Board of Directors (the “Board”) and management are primarily composed of individuals associated with Legacy Origin;

•

Legacy Origin’s senior management comprise the senior management roles of the Company and are responsible for the

day-to-day

operations;

•

the Company assume the “doing business as” name of the Legacy Origin; and

•

Use of Estimates

Unaudited Interim Condensed Consolidated Financial Statements

six-month

periods are also unaudited. The results of operations for the six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the full fiscal year or any other period.

8-K/A

as filed with the SEC on July 1, 2021.

Principles of Consolidation

Concentration of Credit Risk

Cash and Cash Equivalents and Restricted Cash

Cash, cash equivalents, and restricted cash consisted of the following (in thousands):


	June 30, 2021		December 31, 2020
Cash and cash equivalents	$	$470,312	$	1,309
Restricted cash		565		565

Total cash, cash equivalents, and restricted cash		470,877		1,874

Fair Value of Financial Instruments

Other Receivables

AgriScience Grant

Property, Plant, and Equipment


Computer Equipment		3 years
Office Furniture		5 years
Machinery and Equipment		5 years
Leasehold Improvements		1-5 years

Intangible Assets

Impairment of Long-Lived Assets

Government Loans

Debt Issuance Costs

Redeemable Convertible Preferred Stock Warrants Liability

paid-in

capital.

Assumed Common Stock Warrants Liability

Artius’

non-redeemable

The Company evaluated the Assumed Common Stock Warrants under ASC

815-40,

Derivatives and Hedging-Contracts in Entity’s Own Equity (“ASC

815-40”)

Earnout Liability

Research and Development Cost

Costs related to research and development are expensed as incurred.

Stock-Based Compensation

Assumptions used to value the equity instruments are as follows:

•

Expected term

•

Expected volatility

– The Company uses the trading history of various companies in its industry sector in determining an estimated volatility factor.

•

Expected dividend

– The Company has not declared common stock dividends and does not anticipate declaring any common stock dividends in the foreseeable future.

•

Forfeiture

•

Risk-free interest rate

– The Company bases the risk-free interest rate on the implied yield currently available on U.S. Treasury

zero-coupon

issues with the same or substantially equivalent remaining term.

Income Taxes

Functional Currency Translation

The functional currency of the Company’s wholly-owned subsidiaries is the Canadian dollar, whereby their assets and liabilities are translated at

period-end

Comprehensive Loss

Basic and Diluted Net Loss Per Share

two-class

method required for participating securities. The

two-class

non-cumulative

dividend on a pari passu basis in the event that a dividend is paid on the common stock. The

two-class

Reclassifications

Segment Reporting

Co-Chief

Executive Officers are the CODM. To date, the Company’s CODM has made such decisions and assessed performance at the Company level.

As of June 30, 2021 and December 31, 2020, the Company had $48.8 million and $45.4 million, respectively, of assets located outside of the United States.

Emerging Growth Company Status

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share, Basic and Diluted [Abstract]

Schedule of Cash, Cash Equivalents, and Restricted Cash

Cash, cash equivalents, and restricted cash consisted of the following (in thousands):


	June 30, 2021		December 31, 2020
Cash and cash equivalents	$	$470,312	$	1,309
Restricted cash		565		565

Total cash, cash equivalents, and restricted cash		470,877		1,874

Schedule of Estimated Useful Lives of Assets

The estimated useful lives of assets are as follows:


Computer Equipment		3 years
Office Furniture		5 years
Machinery and Equipment		5 years
Leasehold Improvements		1-5 years

Business Combination (Tables)

6 Months Ended

Jun. 30, 2021

Business Combinations [Abstract]

Summary of Element of the Net Proceeds of Business Combination

The following table summarizes the elements of the net proceeds from the Business Combination as of June 30, 2021 (in thousands):


Cash—Trust Account (net of redemptions of $439 million)	$	260,448
Cash		60
Cash—PIPE & Backstop Financing		243,000
Non-cash net assets assumed from Artius		40
Less: Fair value of assumed common stock warrants		(83,370	)
Less: Underwriting fees and other issuance costs paid prior to June 30, 2021		(34,773	)

Additional Paid-in-Capital from Business Combination, net of issuance costs paid	$	385,405
Less: Non-cash net assets assumed from Artius		(40	)
Add: Non-cash fair value of assumed common stock warrants		83,370
Add: Other issuance costs included in accounts payable and accrued liabilities		761
Less: Accrued liabilities extinguished through proceeds from Business Combination		(1,966	)

Cash proceeds from the Business Combination	$	467,530

Summary of Number Shares of Common Stock Outstanding

The following table summarizes the number of shares of Common Stock outstanding immediately following the consummation of the Business Combination:


Artius shares outstanding prior to the Business Combination, excluding 4,500,000 Sponsor Vesting Shares			86,062,500
Less: redemption of Artius shares			43,880,956
Shares issued pursuant to the PIPE and Backstop Financing			24,300,001

Business Combination and PIPE Financing shares, excluding 4,500,000 Sponsor Vesting Shares			66,481,545

Conversion of Legacy Origin Series A preferred stock for common stock			33,783,099
Conversion of Legacy Origin Series B preferred stock for common stock			19,755,784
Conversion of Legacy Origin Series C preferred stock for common stock			6,286,349
Conversion of Legacy Origin convertible notes for common stock			2,049,212
Conversion of Legacy Origin common stock for common stock			2,838,041
Issuance of common stock upon exercise of warrants			5,554,440

Total shares of New Origin common stock outstanding immediately following the Business Combination			136,748,470

Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Summary Of Assets And Liabilities Measured At Fair Value

The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (amounts in thousands):


	Fair Value as of June 30, 2021
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds in cash and cash equivalents	$	2,513	$	—	$	—	$	2,513

Total fair value	$	2,513	$		$		$	2,513

Liabilities:
Assumed common stock warrants (Public)	$	47,093	$	—	$	—	$	47,093
Assumed common stock warrants (Private Placement)		—		22,087		—		22,087
Earnout liability		—		—		157,585		157,585

Total fair value	$	47,093	$	22,087	$	157,585	$	226,765


	Fair Value as of December 31, 2020
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds in cash and cash equivalents	$	936	$	—	$	—	$	936

Total fair value	$	936	$	—	$	—	$	936

Liabilities:
Redeemable convertible preferred stock warrants liability	$	—	$	—	$	19,233	$	19,233
Derivative liability		—		—		1,239		1,239

	$	—	$	—	$	20,472	$	20,472

Summary of Key Assumptions for Determining Fair Value of Redeemable Convertible Preferred Stock Warrants

A summary of key assumptions in the BSM for determining the fair value of redeemable convertible preferred stock warrants include:


	December 31, 2020
Expected life (years)		3.00
Risk-free interest rate		0.17	%
Expected volatility		70.00	%
Dividend yield		0	%

Summary of Fair Value of Redeemable Convertible Preferred Stock Warrants Liability and Derivative Liability


	Three Months Ended June 30,
(in thousands)	2021			2020
Beginning warrant liability balance	$	67,342		$	735
Change in fair value		(12,201	)		105
Reclassification to APIC upon recapitalization		(55,141	)		—

Ending warrant liability balance	$	—		$	840


	Three Months Ended March 31,
(in thousands)	2021			2020
Beginning derivative liability balance	$	3,826		$	147
Change in fair value		(3,826	)		(12	)

Ending derivative liability balance	$	—		$	135

Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property Plant and Equipment

Property, plant, and equipment consisted of the following:


	June 30, 2021			December 31, 2020
Land	$	41		$	39
Pilot plant		5,305			5,237
Lab equipment		2,142			1,958
Machinery and equipment		655			655
Computer and other equipment		319			295
Construction in process		47,664			43,962

		56,126			52,146
Less accumulated depreciation and amortization		(7,272	)		(7,042	)

Total property, plant, and equipment, net	$	48,854		$	45,104

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Intangible assets consisted of the following:


	June 30, 2021			December 31, 2020
Patents	$	442		$	430
Less accumulated amortization		(200	)		(172	)

	$	242		$	258

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2021

Stockholders' Equity Note [Abstract]

Summary of Stock Option Activity

The following tables summarize the activity under the Stock Plan:


	Outstanding Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance at December 31, 2020		8,222,710		$	0.19		8.30
Granted		—		$	—
Exercised		(118,019	)		0.46
Forfeited / canceled		—			—

Balance as of March 31, 2021		8,104,691		$	0.19		8.06
Granted		—
Exercised		—
Forfeited / Canceled		(158,735	)	$	0.14

Balance as of June 30, 2021		7,945,956		$	0.19		7.78

Vested and expected to vest at June 30, 2021		7,346,541

Basic and Diluted Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Summary of basic and diluted loss per ordinary share

The following table sets forth the computation of basic and diluted net income (loss) per share:


(In thousands, except for share and per share amounts)	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021		2020
Numerator:
Net income (loss) attributable to common stockholders—Basic	$	62,531		$	(1,693	)	$	8,960	$	(3,663	)
Remeasurement of preferred stock warrant liability		(13,076	)		—			—		—

Net income (loss) attributable to common stockholders—Diluted	$	49,455		$	(1,693	)	$	8,960	$	(3,663	)

Denominator:
Weighted-average common shares outstanding—Basic (1)		67,548,052			62,545,293			65,098,310		62,544,604
Stock options		5,831,260			—			5,876,446		—
Warrants to purchase redeemable convertible preferred stock		5,249,279			—			—		—
Weighted-average common shares outstanding—Diluted (1)		78,628,591			62,545,293			70,974,743		62,544,604
Net income (loss per share)—Basic	$	0.93		$	(0.03	)	$	0.14	$	(0.06	)

Net income (loss per share)—Diluted	$	0.63		$	(0.03	)	$	0.13	$	(0.06	)

(1) Excludes weighted-average Sponsor Vesting Shares subject to return of 296,703 and 149,171 shares as of the three months and six months ended June 30, 2021, respectively.

Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Options to purchase common stock		—		1,981,176		—		1,981,176
Warrants to purchase common stock		35,476,667		—		35,476,667		—
Warrants to purchase redeemable convertible preferred stock, as-converted		—		5,554,470		—		5,554,470

Risks and Liquidity - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2021 USD ($)
Risks And Liquidity [Abstract]
Proceeds for business combination	$ 471

Summary of Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, $ in Millions	1 Months Ended	6 Months Ended
	Mar. 31, 2022 CAD ($)	Jun. 30, 2021 USD ($) Segment $ / shares shares	Jun. 30, 2020 USD ($)	Dec. 31, 2020 USD ($)	Oct. 31, 2019 USD ($)
Significant Accounting Policies [Line Items]
Escrow deposit fair value					$ 1,300,000
Escrow deposit		$ 300,000		$ 300,000
Number of operating segments \| Segment		1
Assets		$ 520,364,000		47,428,000
Grants received		100,000	$ 100,000
Impairment of long lived assets		$ 0	0
Number of equity incentive plans		2
Accretion expense for debt issuance cost		$ 2,400,000	$ 0
Class of warrant or right, exercise price of warrants or rights \| $ / shares		$ 11.50
Class of warrant or right, outstanding \| shares		35,476,667
Percent of occurrence of a tender offer or exchange of our stockholders		50.00%
Public Warrants
Significant Accounting Policies [Line Items]
Number of warrants assumed \| shares		24,150,000
Class of warrant or right, outstanding \| shares		24,150,000
Private Placement Warrants
Significant Accounting Policies [Line Items]
Number of warrants assumed \| shares		11,326,667
Class of warrant or right, outstanding \| shares		11,326,667
Maximum
Significant Accounting Policies [Line Items]
Estimated useful lives		5 years
Intangible assets, estimated useful lives		15 years
Minimum
Significant Accounting Policies [Line Items]
Estimated useful lives		3 years
Intangible assets, estimated useful lives		7 years
Outside United States
Significant Accounting Policies [Line Items]
Assets		$ 48,800,000		45,400,000
Forecast \| Maximum
Significant Accounting Policies [Line Items]
Reimbursement for eligible expenditure	$ 2.7
Standby Letters of Credit
Significant Accounting Policies [Line Items]
Letter of credit, description		In October 2018, the Company entered into a standby letter of credit, whereby the funds may be used for the completion of work, services, and improvements in connection with Origin 1. The standby letter of credit matures and automatically renews in October of each year.
Letter of credit		$ 200,000		$ 200,000

Summary of Significant Accounting Policies - Schedule of Cash, Cash Equivalents, and Restricted Cash (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Cash and cash equivalents	$ 470,312	$ 1,309
Restricted cash	565	565
Total cash, cash equivalents, and restricted cash	$ 470,877	$ 1,874	$ 2,220	$ 3,612

Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives of Assets (Detail)	6 Months Ended
	Jun. 30, 2021
Computer Equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Office Furniture
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Minimum \| Leasehold Improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	1 year
Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Maximum \| Leasehold Improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

Business Combination - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
	Jun. 25, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Business Acquisition [Line Items]
Proceeds from divestiture of businesses and interests in affiliates	$ 385,400
Common stock, conversion basis		1.00 Legacy Origin share for approximately 2.11 shares of New Origin
Business combination, acquisition related costs		$ 36,700
Proceeds from sale of units, net of underwriting discounts paid		$ 55	$ 1
Common stock shares issued		136,748,470		70,266,925
Common stock, par value		$ 0.0001		$ 0.0001
Number of vesting shares		4,500,000
PIPE Investors [Member]
Business Acquisition [Line Items]
Issue of common stocks, Initial public offering		20,000,000
Proceeds from sale of units, net of underwriting discounts paid		$ 200,000
Subscription Shares [Member]
Business Acquisition [Line Items]
Common stock shares issued		4,300,001
Common stock, par value		$ 0.0001
Share price		$ 10.00

Business Combination - Summary of Element of the Net Proceeds of Business Combination (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2021 USD ($)
Business Acquisition [Line Items]
Cash—Trust Account (net of redemptions of $439 million)	$ 260,448
Cash	60
Cash—PIPE & Backstop Financing	243,000
Non-cash net assets assumed from Artius	40
Less: Fair value of assumed common stock warrants	(83,370)
Less: Underwriting fees and other issuance costs paid prior to June 30, 2021	(34,773)
Additional Paid-in-Capital from Business Combination, net of issuance costs paid	385,405
Less: Non-cash net assets assumed from Artius	(40)
Add: Non-cash fair value of assumed common stock warrants	83,370
Add: Other issuance costs included in accounts payable and accrued liabilities	761
Less: Accrued liabilities extinguished through proceeds from Business Combination	(1,966)
Cash proceeds from the Business Combination	$ 467,530

Business Combination - Summary of Element of the Net Proceeds of Business Combination (Parenthetical) (Detail) $ in Millions	Jun. 30, 2021 USD ($)
Business Combinations [Abstract]
Assets Held-in-trust	$ 439

Business Combination - Summary of Number Shares of Common Stock Outstanding (Detail)	6 Months Ended
	Jun. 30, 2021 shares
Business Combinations [Abstract]
Artius shares outstanding prior to the Business Combination, excluding 4,500,000 Sponsor Vesting Shares	86,062,500
Less: redemption of Artius shares	43,880,956
Shares issued pursuant to the PIPE and Backstop Financing	24,300,001
Business Combination and PIPE Financing shares, excluding 4,500,000 Sponsor Vesting Shares	66,481,545
Conversion of Legacy Origin Series A preferred stock for common stock	33,783,099
Conversion of Legacy Origin Series B preferred stock for common stock	19,755,784
Conversion of Legacy Origin Series C preferred stock for common stock	6,286,349
Conversion of Legacy Origin convertible notes for common stock	2,049,212
Conversion of Legacy Origin common stock for common stock	2,838,041
Issuance of common stock upon exercise of warrants	5,554,440
Total shares of New Origin common stock outstanding immediately following the Business Combination	136,748,470

Business Combination - Summary of Number Shares of Common Stock Outstanding (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2021 shares
Business Combinations [Abstract]
Number of vesting shares	4,500,000

Fair Value Measurement - Summary of Assets And Liabilities Measured At Fair Value (Detail) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets:
Assets, Fair Value	$ 2,513	$ 936
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	226,765	20,472
Money Market Funds [Member]
Assets:
Assets, Fair Value	2,513	936
Level 1
Assets:
Assets, Fair Value	2,513	936
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	47,093
Level 1 \| Money Market Funds [Member]
Assets:
Assets, Fair Value	2,513	936
Level 2
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	22,087
Level 3
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	157,585	20,472
Public Warrants [Member]
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	47,093
Public Warrants [Member] \| Level 1
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	47,093
Private Placement Warrants [Member]
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	22,087
Private Placement Warrants [Member] \| Level 2
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	22,087
Earnout Liability [Member]
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	157,585
Earnout Liability [Member] \| Level 3
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value	$ 157,585
Redeemable convertible preferred stock warrants liability
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value		19,233
Redeemable convertible preferred stock warrants liability \| Level 3
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value		19,233
Derivative liabilitiy
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value		1,239
Derivative liabilitiy \| Level 3
Liabilities, Fair Value Disclosure [Abstract]
Liabilities, Fair Value		$ 1,239

Fair Value Measurement - Summary of Key Assumptions for Determining Fair Value of Redeemable Convertible Preferred Stock Warrants (Detail) - Redeemable Convertible Preferred Stock Warrants	Dec. 31, 2020
Expected Life (Years)
Class of Warrant or Right [Line Items]
Fair value measurements inputs	3.00
Risk-Free Interest Rate
Class of Warrant or Right [Line Items]
Fair value measurements inputs	0.17
Expected Volatility
Class of Warrant or Right [Line Items]
Fair value measurements inputs	70.00
Dividend Yield
Class of Warrant or Right [Line Items]
Fair value measurements inputs	0

Fair Value Measurement - Summary of Fair Value of Redeemable Convertible Preferred Stock Warrants Liability and Derivative Liability (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020
Derivative liability [Member]
Schedule Of Fair Value Of Redeemable Convertible Preferred Stock Warrants Liability And Derivative Liability [Line Items]
Beginning balance		$ 3,826	$ 135	$ 147
Change in fair value		(3,826)		(12)
Ending balance				135
Redeemable Convertible Preferred Stock Warrants [Member]
Schedule Of Fair Value Of Redeemable Convertible Preferred Stock Warrants Liability And Derivative Liability [Line Items]
Beginning balance	$ 67,342		735
Change in fair value	(12,201)		105
Reclassification to APIC upon recapitalization	$ (55,141)
Ending balance		$ 67,342	$ 840	$ 735

Fair Value Measurement - Additional Information (Detail) - $ / shares	1 Months Ended		12 Months Ended
	Nov. 30, 2019	Apr. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2012	Jun. 30, 2021
Class of Warrant or Right [Line Items]
Warrants exercise price							$ 11.50
Series A Preferred Stock Warrants
Class of Warrant or Right [Line Items]
Warrants issued		122,400
Warrants exercise price		$ 2.7233
Warrants contractual exercise period		2036-04
Series A Preferred Stock Warrants \| Warrant Issued Two Thousand Twelve
Class of Warrant or Right [Line Items]
Warrants issued						1,000,000
Warrants exercise price						$ 2.7233
Warrants exercise period						10 years
Warrants exercise period, extended	10 years
Warrants contractual exercise period	2032-10
Series A Preferred Stock Warrants \| Warrant Issued Two Thousand Fifteen
Class of Warrant or Right [Line Items]
Warrants issued					1,134,653
Warrants exercise price					$ 2.7233
Warrants exercise period					10 years
Warrants exercise period, extended	10 years
Warrants contractual exercise period	2035-10
Series B Preferred Stock Warrants
Class of Warrant or Right [Line Items]
Warrants issued			35,412	331,927
Warrants exercise price			$ 7.486	$ 7.486
Series B Preferred Stock Warrants \| Minimum
Class of Warrant or Right [Line Items]
Class Of Warrant Or Rights Expiration Period			2036-06	2026-06
Series B Preferred Stock Warrants \| Maximum
Class of Warrant or Right [Line Items]
Class Of Warrant Or Rights Expiration Period			2037-01	2026-07

Property, Plant and Equipment - Schedule of Property Plant and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 56,126	$ 52,146
Less accumulated depreciation and amortization	(7,272)	(7,042)
Total property, plant, and equipment, net	48,854	45,104
Land
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	41	39
Pilot Plant
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	5,305	5,237
Lab Equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,142	1,958
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	655	655
Computer And Other Equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	319	295
Construction in Progress
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 47,664	$ 43,962

Property, Plant and Equipment - Additional information (Detail) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 0.1	$ 0.1
Capitalized interest cost	0.8		$ 0.7
Cumulative translation adjustment	$ 0.7		$ 0.9

Intangible Assets - Schedule of Intangible Assets (Detail) - Micromidas, Inc. - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Patents	$ 442	$ 430
Less accumulated amortization	(200)	(172)
Intangible assets, net	$ 242	$ 258

Intangible Assets - Additional Information (Detail) - Micromidas, Inc. - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Intangible assets weighted average useful life			9 years 10 months 13 days
Amortization expense	$ 14,189	$ 5,222

Consortium Agreement - Additional Information (Detail) - USD ($)			3 Months Ended
	Aug. 31, 2018	Dec. 31, 2016	Jun. 30, 2021	Jun. 30, 2020
Pledged Financial Instruments, Not Separately Reported, Securities, by Type of Agreement [Abstract]
Company received amount from agreement		$ 500,000
Invested amount for research and development	$ 1,500,000
Other income			$ 0	$ 100,000

Offtake Arrangements - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Jun. 30, 2021
Deferred Compensation Arrangements [Abstract]
Accrued interest	$ 10.7	$ 10.8
Liquidated damages	$ 0.9

Debt - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended
	Feb. 28, 2021	Jan. 31, 2021	Apr. 30, 2020	Nov. 30, 2019	May 31, 2019	Nov. 30, 2016	Jun. 30, 2021	Dec. 31, 2020
Unsecured Convertible Notes [Member]
Debt Disclosure [Line Items]
Debt instrument, interest rate	8.00%
Debt instrument, maturity date	Sep. 30, 2021
Debt conversion, converted instrument, amount	$ 50.0
Debt conversion, description	The Convertible Notes bear an annual interest rate of 8% and mature on September 30, 2021, unless converted. If the Company issues at least $50 million worth of shares of a new series of preferred stock prior to maturity or closes a SPAC transaction (each a “Qualified Financing”), the outstanding principal and unpaid accrued interest will convert at 80% of the per share price of the new series of preferred stock or, in the case of a SPAC transaction, at 80% of the per share value attributed to the shares of the Company’s common stock as set forth in the Merger Agreement. Upon a Change of Control (other than a Qualified Financing), as defined in the Convertible Notes, the Company will repay purchasers in cash an amount equal to the outstanding principal and accrued interest plus a repayment premium equal to 100% of the outstanding principal amount of the notes.
Convertible notes	$ 10.0
Promissory Note [Member]
Debt Disclosure [Line Items]
Debt instrument, interest rate					3.50%
Debt instrument, maturity date					Dec. 31, 2021
Prepayment from stockholder						$ 5.0
Debt instrument, increase, accrued interest					$ 0.2
Long-term debt, maturity, December 20, 2024							$ 2.2
Long-term debt, maturity, December 19, 2025							2.1
Long-term debt, maturity, December 18, 2026							2.1
Total debt outstanding							$ 5.2	$ 5.2
Bridge Notes [Member]
Debt Disclosure [Line Items]
Line of credit facility, maximum borrowing capacity				$ 6.0
Line of credit facility, interest rate				10.00%
Debt instrument, maturity date		Sep. 30, 2021		Mar. 31, 2021
Conversion percentage of outstanding principal and unpaid accrued interest				70.00%
Percentage of repay purchasers in cash amount during liquidation				200.00%
Bridge loan								$ 3.3
Debt conversion, converted instrument, amount		$ 50.0
Debt conversion, description		The amendment also added a SPAC transaction to the conversion provision such that the Bridge Notes convert if the Company issues at least $50 million of shares of a new series of preferred stock or closes a SPAC transaction (each a “Qualified Financing”) prior to maturity. In a Qualified Financing that is a preferred stock issuance, the notes convert at 70% of the cash price paid per share for the preferred shares. In a Qualified Financing that is a SPAC transaction, the notes convert at the lesser of (i) 70% of the per share value attributed to the shares of the Company’s common stock as set forth in the Merger Agreement or (ii) the per share value that would be attributed to the Company’s common stock assuming a pre-transaction valuation of the Company in connection with the SPAC transaction of $700 million.
SPAC transaction		$ 700.0
Pay Check Protection Program [Member]
Debt Disclosure [Line Items]
Unsecured loan			$ 0.9
Debt instrument, term			2 years
Debt instrument, interest rate			1.00%

Other Liabilities, Long-Term And Related Party Other Liabilities, Long-Term - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended		6 Months Ended	12 Months Ended
	Sep. 30, 2019	Nov. 30, 2016	Jun. 30, 2021	Dec. 31, 2020
Other Liabilities [Line Items]
Other long-term debt		$ 5.0
Stockholder [Member]
Other Liabilities [Line Items]
Other long-term debt			$ 5.1	$ 5.1
Repayment period under prepayment agreement		5 years
Amount of repayment under prepayment agreement		$ 7.5
Repayment percentage of prepayment agreement amount		150.00%
Loan facility interest rate			0.38%
Loan facility term			5 years
Debt instrument accrued interest			$ 0.1	0.1
Prepayment Agreement [Member]
Other Liabilities [Line Items]
Other long-term debt	$ 5.0		$ 2.5	$ 2.5
Percentage of prepayment applied against future purchases	100.00%
Period of customer capacity reservation	10 years
Prepayment Agreement [Member] \| Installment 1 [Member]
Other Liabilities [Line Items]
Debt instrument, periodic payment	$ 2.5
Prepayment Agreement [Member] \| Installment 2 [Member]
Other Liabilities [Line Items]
Debt instrument, periodic payment	$ 2.5
Period of payment of prepayment agreement	30 days
London Interbank Offered Rate [Member] \| Stockholder [Member]
Other Liabilities [Line Items]
Loan facility interest rate			0.25%

Earnout Liability - Additional Information (Detail) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($)
Business Acquisition, Contingent Consideration [Line Items]
Earnout shares of common stock outstanding \| shares	25,000,000	25,000,000
Sponsor vesting Shares of common stock outstanding \| shares	4,500,000	4,500,000
Change in fair value of earnout liability \| $	$ 45,497	$ 45,497
Earnout Liability [Member]
Business Acquisition, Contingent Consideration [Line Items]
Earn-out liability \| $	158,000	158,000	$ 0
Change in fair value of earnout liability \| $	$ 45,500	$ 45,500
Earnout Liability [Member] \| Measurement Input, Expected Dividend Rate [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Consideration, Liability, Measurement Input	0	0
Earnout Liability [Member] \| Measurement Input, Price Volatility [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Consideration, Liability, Measurement Input	0.63	0.63
Earnout Liability [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Consideration, Liability, Measurement Input	0.0087	0.0087
Earnout Liability [Member] \| Share trigger price One
Business Acquisition, Contingent Consideration [Line Items]
Share price \| $ / shares	$ 15.00	$ 15.00
Period from businees combination closing date stock price trigger		3 years
Earnout Liability [Member] \| Share trigger price 3
Business Acquisition, Contingent Consideration [Line Items]
Share price \| $ / shares	25.00	$ 25.00
Period from businees combination closing date stock price trigger		5 years
Earnout Liability [Member] \| Share trigger price 2
Business Acquisition, Contingent Consideration [Line Items]
Share price \| $ / shares	$ 20.00	$ 20.00
Period from businees combination closing date stock price trigger		4 years

Canadian Government Research and Development Program Liability - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended
	Apr. 30, 2019	Jun. 30, 2021	Dec. 31, 2020
Schedule Of Research And Development Line Items [Line Items]
Lesser eligible costs percentage	22.14%
Date of receive funding for eligible expenditures	Mar. 31, 2023
Lesser eligible costs	$ 23.0
Description of funding	The funding will be repaid over 15 years after completion of Origin 1, commencing no sooner than the third fiscal year of consecutive revenues from a commercial plant, but no later than the fifth year following the earlier of (i) the year in which the Company completes construction of Origin 1 or (ii) March 2023. Repayment of the funding will be reduced by 50% if the Company begins construction before December 31, 2024 of one or more commercial plants that operate in Canada, with costs exceeding $500 million (in Canadian dollars), and the plants being constructed and operational within 30 months of the final investment decision, as defined in the R&D Agreement.
Commercial plants constructed and operational period	30 months
Funding liability		$ 6.4	$ 6.2
Minimum costs of commercial plants	$ 500.0
Funding repayment period	15 years

Assumed Common Stock Warrants - Additional Information (Detail) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares
Class of Warrant or Right [Line Items]
Number of warrants or rights outstanding	35,476,667	35,476,667
Assumed common stock warrants liability \| $	$ 69,180	$ 69,180
Change in fair value of gain loss assumed warrants \| $	$ 14,200	$ 14,200
Share trigger price One
Class of Warrant or Right [Line Items]
Class of warrants redemption price per unit \| $ / shares	$ 0.01	$ 0.01
Class of warrants redemption notice period		30 days
Warrant instrument redemption threshold consecutive trading days		20 days
Warrant instrument redemption threshold trading days		30 days
Public Warrants
Class of Warrant or Right [Line Items]
Warrants issued during the period		24,150,000
Warrants exercise price	11.50	11.50
Number of common stock shares converted	1	1
Private Placement Warrants
Class of Warrant or Right [Line Items]
Warrants issued during the period		11,326,667
Warrants exercise price	11.50	11.50
Number of common stock shares converted	1	1
Private Warrant
Class of Warrant or Right [Line Items]
Warrants exercise price	12.00	12.00
Warrant instrument redemption threshold consecutive trading days		20 days
Minimum lock In period required for warrant exercise from the date of business combination		365 days
Number of days for a particular event to get over for determining trading period		150 days
Common Class A \| Maximum
Class of Warrant or Right [Line Items]
Share redemption trigger price per share \| $ / shares	$ 18.00	$ 18.00
Common Class A \| Minimum
Class of Warrant or Right [Line Items]
Share redemption trigger price per share \| $ / shares	10.00	10.00
Common Class A \| Share trigger price One
Class of Warrant or Right [Line Items]
Share redemption trigger price per share \| $ / shares	$ 18.00	$ 18.00

Stockholders' Equity - Additional Information (Detail) - USD ($)		3 Months Ended			6 Months Ended
	Feb. 16, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Class of Stock [Line Items]
Preferred shares authorised		10,000,000			10,000,000		10,000,000
Common stock, shares authorized		1,000,000,000			1,000,000,000		1,000,000,000
Common stock, par value		$ 0.0001			$ 0.0001		$ 0.0001
Common stock, shares outstanding		136,748,470			136,748,470		70,266,925
Common stock description of voting rights					one
Stock Option available for grant		2,696,439			2,696,439		2,537,704
Stock Option, exercisable		3,729,763			3,729,763		2,150,941
Stock Option, aggregate intrinsic value		$ 58,811,532			$ 58,811,532
Stock options issued during the period		0	0
Stock-based compensation					4,172,000	$ 18,000
Stock compensation not yet recognized		$ 8,000,000.0			$ 8,000,000.0
Stock compensation not yet recognized, vesting period					4 years
Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares authorized		1,010,000,000			1,010,000,000
Common stock, par value		$ 0.0001			$ 0.0001
Common stock, shares outstanding		136,746,470			136,746,470		70,266,925
Warrants issued					1,000,000,000
General and Administrative Expense [Member]
Class of Stock [Line Items]
Stock-based compensation		$ 3,500,000		$ 0
Research and Development Expense [Member]
Class of Stock [Line Items]
Stock-based compensation		$ 800,000		$ 0
Performance And Market Based Awards [Member]
Class of Stock [Line Items]
Stock options vested	529,119
Stock options issued during the period					2,920,732
Performance And Market Based Awards [Member] \| Stock Options, Vesting One [Member]
Class of Stock [Line Items]
Stock options, outstanding			529,119
Performance And Market Based Awards [Member] \| Stock Options, Vesting Two [Member]
Class of Stock [Line Items]
Stock options, outstanding		2,391,613			2,391,613
Stock Plan [Member]
Class of Stock [Line Items]
Common stock shares reserved		18,467,109			18,467,109
Stock option plan, exercisable period					4 years
Stock option plan, description					Options granted to employees under the Stock Plan generally vest 25% one year from the vesting commencement date and 1/36th per month thereafter, although certain arrangements call for vesting over other periods.
Stock Plan [Member] \| Share-based Payment Arrangement, Nonemployee [Member]
Class of Stock [Line Items]
Stock option plan, exercisable period					10 years
Stock Plan [Member] \| One Year From The Vesting Commencement Date [Member]
Class of Stock [Line Items]
Stock option plan, vesting percentage					25.00%
Stock Plan [Member] \| Thereafter [Member]
Class of Stock [Line Items]
Stock option plan, vesting percentage per month					1/36th per month

Stockholders' Equity - Summary of Stock Option Activity (Detail) - $ / shares	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Number of Shares, Outstanding beginning balance	8,104,691	8,222,710	8,222,710
Granted	0	0
Exercised	0	(118,019)
Forfeited / canceled	(158,735)	0
Number of Shares, Outstanding ending balance	7,945,956	8,104,691	7,945,956	8,222,710
Number of Shares, Vested and expected to vest	7,346,541		7,346,541
Weighted Average Exercise Price Per share, Outstanding beginning balance	$ 0.19	$ 0.19	$ 0.19
Granted		0
Exercised		0.46
Forfeited / canceled	0.14	0
Weighted Average Exercise Price Per share, Outstanding ending balance	$ 0.19	$ 0.19	$ 0.19	$ 0.19
Weighted Average Remaining Contractual Term, Outstanding	7 years 9 months 10 days	8 years 21 days		8 years 3 months 18 days

Income Taxes - Additional Information (Detail)	6 Months Ended
Income Taxes - Additional Information (Detail)	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate	0.00%	0.00%

Commitments and Contingencies - Additional Information (Detail)							1 Months Ended	3 Months Ended
	May 31, 2019	Jul. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Nov. 30, 2016 USD ($)	Aug. 31, 2015 USD ($)	Jun. 30, 2011 USD ($)	May 31, 2018 USD ($) MMBTU	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Dec. 31, 2020 USD ($)
Rental expense								$ 100,000	$ 100,000
Property, plant and equipment, net								48,854,000		$ 45,104,000
License payment, royalty payment								0
Operating and Maintenance Agreement
Agreement description							the Company executed operating and maintenance agreements for certain services, to facilitate the development and thus bring Origin 1 to the condition necessary for its intended use, commencing in different periods between July 2018 and September 2019, and all generally for five-year periods. The agreements are generally automatically extended for one-year periods thereafter.
Service agreement, periods							5 years
Operating and maintenance agreements, automatic extension periods							1 year
Property, plant and equipment, net								100,000	100,000
Operating and Maintenance Agreement \| Minimum
Operating and maintenance agreements, fixed payments per year							$ 400,000
Take Or Pay Steam Supply Agreement
Agreement description	the Company also concurrently executed a take-or-pay steam supply agreement commencing by October 1, 2019, through December 31, 2022, whereby the Company will receive up to 25% for the first year and 50% thereafter of the steam generated, up to 140,000 MMBtus per year.
Property, plant and equipment, net								100,000	100,000
Service agreement, percentage of steam receivable thereafter	50.00%
Take Or Pay Steam Supply Agreement \| Maximum
Service agreement, percentage of steam receivable during first year	25.00%
Service agreement, MMBtus per year generated \| MMBTU \| MMBTU							140,000
Joint Development Agreements
Agreement description							the Company entered into a joint development agreement (the “JDA”) with a stockholder to evaluate alternative uses for one of the Company’s products. The term of the JDA is the later of (i) three years from the JDA effective date and (ii) the final expected development program completion date as specified in the JDA.
Service agreement, periods							3 years
Property, plant and equipment, net								$ 0	0
Patent License Agreement
License agreement, description		the Company entered into a patent license agreement for $0.1 million, which expires upon expiration of the last patent in December 2025.
License agreement term		2025-12
License agreement amount		$ 100,000	$ 500,000	$ 35,000
Royalty payment per year		5,000		25,000
Royalty payment, cumulative amount			500,000		$ 10,000,000
Upfront license fee royalty and a variable royalty, aggregate cap per facility			$ 10,000,000
License payment, royalty payment									$ 0
Patent License Agreement \| Maximum
Royalty payment per year		$ 25,000
Royalty payment, cumulative amount				$ 1,000,000	$ 2,000,000
Nonexclusive Patents Llicense Agreement
Royalty payment per year						$ 5,000
Percentage of net sales Percentage						0.40%

Basic and Diluted Net Loss Per Share - Summary of Basic And Diluted Net Income (Loss) Per Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Numerator:

Net income (loss) attributable to common stockholders—Basic

$ 62,531

$ (1,693)

$ 8,960

$ (3,663)

Remeasurement of preferred stock warrant liability

(13,076)

Net income (loss) attributable to common stockholders—Diluted

$ 49,455

$ (1,693)

$ 8,960

$ (3,663)

Denominator:

Weighted-average common shares outstanding—Basic

^[1]

67,548,052

62,545,293

65,098,310

62,544,604

Stock options

5,831,260

5,876,446

Warrants to purchase redeemable convertible preferred stock

5,249,279

Weighted-average common shares outstanding—Diluted

^[1]

78,628,591

62,545,293

70,974,743

62,544,604

Net income (loss per share)—Basic

$ 0.93

$ (0.03)

$ 0.14

$ (0.06)

Net income (loss per share)—Diluted

$ 0.63

$ (0.03)

$ 0.13

$ (0.06)

[1]	Excludes weighted-average Sponsor Vesting Shares subject to return of 296,703 and 149,171 shares as of the three months and six months ended June 30, 2021, respectively.

Basic and Diluted Net Loss Per Share - Summary of Basic And Diluted Net Income (Loss) Per Share (Parenthetical) (Detail) - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Earnings Per Share [Abstract]
weighted-average Sponsor Vesting Shares subject to return	296,703	149,171

Basic and Diluted Net Loss Per Share - Summary of Antidilutive Securities Excluded From Computation Of Earnings Per Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		1,981,176		1,981,176
Warrants to purchase common stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	35,476,667		35,476,667
Warrants to purchase redeemable convertible preferred stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		5,554,470		5,554,470

Basic and Diluted Net Loss Per Share - Additional Information (Detail)	Jun. 30, 2021 USD ($) shares
Earnings Per Share [Abstract]
Options for Common stock outstanding \| $	$ 1,481,531
Sponsor vesting Shares of common stock outstanding	4,500,000
Earnout shares of common stock outstanding	25,000,000