Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash $ 96,739 $ 115,864
Restricted cash, including amounts held by variable interest entities (VIEs) of $3,604 and $36,235 5,435 37,845
Consumer receivables 188,370 169,976
Allowance for credit losses on consumer receivables (31,755) (24,841)
Consumer receivables, net, including amounts held by VIEs of $130,213 and $113,963 156,615 145,135
Enterprise receivables, net 21,253 19,017
Property and equipment, net 2,348 2,976
Intangible assets, net 185,253 194,247
Goodwill   26,600
Other assets 50,297 54,658
Total assets 517,940 596,342
Liabilities:    
Secured loans, net 84,141 88,617
Accounts payable and accrued liabilities 42,810 58,129
Warrant liability 324 337
Other debt, net including amounts held by VIEs of $119,906 and $143,394 119,906 143,394
Other liabilities 17,094 33,496
Total liabilities 264,275 323,973
Commitments and contingencies (Note 15)
Redeemable convertible preferred stock (Series A), $0.0001 par value; 45,000,000 shares authorized as of June 30, 2023 and December 31, 2022, 0 and 25,655,579 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively   173,208
Stockholders’ equity:    
Class A Common Stock, $0.0001 par value; 66,666,666 shares authorized as of June 30, 2023 and December 31, 2022, 10,168,008 and 10,135,675 issued and outstanding, respectively, as of June 30, 2023 and 8,619,678 and 8,587,345 issued and outstanding, respectively, as of December 31, 2022 [1] 1 1
Additional paid-in capital 957,778 766,839
Accumulated deficit (694,414) (657,979)
Treasury stock at cost, 32,333 shares at June 30, 2023 and December 31, 2022 [1] (9,700) (9,700)
Total stockholders’ equity 253,665 99,161
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 517,940 $ 596,342
[1] Prior period results have been adjusted to reflect the Reverse Stock Split of the Class A Common Stock at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.