Cover - shares |
9 Months Ended | |
|---|---|---|
Oct. 31, 2021 |
Dec. 15, 2021 |
|
| Document Information [Line Items] | ||
| Document Type | 10-Q/A | |
| Document Quarterly Report | true | |
| Document Fiscal Year Focus | 2021 | |
| Document Period End Date | Oct. 31, 2021 | |
| Document Transition Report | false | |
| Entity File Number | 001-39125 | |
| Amendment Flag | true | |
| Amendment Description | On April 22, 2022, the Audit Committee of the Board of Directors (the “Audit Committee”) of the Company determined, based on the analysis and recommendation of management, that the Company’s unaudited consolidated financial statements and related disclosures included in the Form 10-Q should no longer be relied upon due to an error. The error was the result of the Company not appropriately applying modification accounting to stock-based compensation awards that were issued and outstanding as of August 26, 2021, the closing date of the merger between the Company and IronNet Cybersecurity, Inc. (“Legacy IronNet”). This overstatement relates to stock-based compensation expense for certain of the Company’s outstanding restricted stock units (“RSUs”) granted pursuant to Legacy IronNet’s 2014 Stock Incentive Plan.When calculating the additional stock-based compensation cost to recognize for modified unvested awards for the three months ended October 31, 2021, the Company considered requisite service rendered by the employee to start from the original vesting commencement date of the award. Upon further evaluation, the Company determined that the correct expense recognition applicable under Accounting Standards Codification Topic 718, Stock Compensation for a Type III (improbable-to-probable) modification requires the use of a method that utilizes the date of modification (August 26, 2021) as the beginning of the requisite service period for unvested portions of the awards outstanding, rather than the original vesting commencement date of the award. The impact of correcting the requisite service period start date is to shift the recognition of stock-based compensation expense to later periods.In connection with the restatement, the Company has also corrected previously identified immaterial errors. Refer to Note 2, “Restatement of Condensed Consolidated Financial Statements” of Notes to Unaudited Condensed Consolidated Financial Statements of this Form 10-Q/A for additional information. A summary of the accounting impacts of these errors to the Company’s unaudited condensed consolidated financial statements and related disclosures as of October 31, 2021 and for the three and nine months then ended is provided in Note 2, “Restatement of Condensed Consolidated Financial Statements,” of Notes to Unaudited Condensed Consolidated Financial Statements of this Form 10-Q/A.In connection with the restatement, the Company’s management determined that an additional material weakness existed in the Company’s internal control over financial reporting. See additional discussion included in Part I, Item 4 of this Amended Report. | |
| Entity Incorporation, State or Country Code | DE | |
| Entity Registrant Name | IronNet, Inc. | |
| Entity Tax Identification Number | 83-4599446 | |
| Entity Address, Address Line One | 7900 Tysons One Place | |
| Entity Address, Address Line Two | Suite 400 | |
| Entity Address, City or Town | McLean | |
| Entity Address, State or Province | VA | |
| Entity Address, Postal Zip Code | 22102 | |
| Entity Central Index Key | 0001777946 | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | true | |
| Entity Ex Transition Period | false | |
| Entity Shell Company | false | |
| Entity Current Reporting Status | Yes | |
| Entity Interactive Data Current | Yes | |
| Current Fiscal Year End Date | --12-31 | |
| Document Fiscal Period Focus | Q3 | |
| City Area Code | 443 | |
| Local Phone Number | 300-6761 | |
| Entity Common Stock, Shares Outstanding | 88,718,630 | |
| Common Stock | ||
| Document Information [Line Items] | ||
| Title of 12(b) Security | Common Stock, par value $0.0001 per share | |
| Trading Symbol | IRNT | |
| Security Exchange Name | NYSE | |
| Warrants [Member] | ||
| Document Information [Line Items] | ||
| Title of 12(b) Security | Warrants to purchase common stock | |
| Trading Symbol | IRNT.WS | |
| Security Exchange Name | NYSE |