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

Consolidated Balance Sheets (Unaudited)

v3.22.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets      
Cash $ 185,009 $ 201,763 $ 19,406
Restricted cash, including amounts held by variable interest entities (VIEs) 63,978 44,461 1,521
Consumer receivables 153,634 153,741 68,794
Allowance for credit losses on consumer receivables (22,291) (22,323) (9,127)
Consumer receivables, net, including amounts held by VIEs 131,343 131,418 59,667
Enterprise receivables 14,207 6,002  
Property and equipment, net 2,140 1,801 502
Intangible assets, net 212,948 25,124 9,275
Goodwill 161,678 52,541 21,565
Other assets 37,932 28,428 11,707
Total assets 809,235 491,538 123,643
Liabilities:      
Secured loans 88,290 43,591 24,395
Accounts payable and accrued liabilities 43,933 36,868 20,968
Subordinated convertible notes, at fair value     14,000
Related party loan     5,000
Warrant liability 4,350 8,260 24,667
Other debt, including amounts held by VIEs 152,625 143,000 3,207
Total liabilities 371,146 258,304 92,237
Other liabilities 81,948 26,585  
Commitments and contingencies (Note 16)    
Redeemable convertible preferred stock 194,675 288,183 [1]
Redeemable noncontrolling interests     71,852
Stockholders’ equity (deficit):      
Common Stock Value 24 23
Additional paid-in capital 723,394 708,175
Accumulated deficit (470,304) (465,264) (327,629)
Treasury stock at cost (9,700) (9,700) (1,000)
Total stockholders’ equity 243,414 233,234 (328,629)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 809,235 491,538 $ 123,643
As Previously Reported      
Assets      
Cash   201,763  
Restricted cash, including amounts held by variable interest entities (VIEs)   44,461  
Consumer receivables   153,741  
Allowance for credit losses on consumer receivables   (22,323)  
Consumer receivables, net, including amounts held by VIEs   131,418  
Property and equipment, net   1,801  
Intangible assets, net   25,124  
Goodwill   52,541  
Other assets   34,430  
Total assets   491,538  
Liabilities:      
Secured loans   43,591  
Accounts payable and accrued liabilities   63,453  
Subordinated convertible notes, at fair value    
Related party loan    
Warrant liability   8,260  
Other debt, including amounts held by VIEs   143,000  
Total liabilities   258,304  
Commitments and contingencies (Note 16)    
Redeemable convertible preferred stock [1]    
Stockholders’ equity (deficit):      
Common Stock Value   23  
Additional paid-in capital   708,175  
Accumulated deficit   (465,264)  
Treasury stock at cost   (9,700)  
Total stockholders’ equity   233,234  
Total liabilities, redeemable convertible preferred stock and stockholders’ equity   $ 491,538  
[1] Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion Common Stock for MoneyLion Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination,” for details.