Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash $ 94,266 $ 115,864
Restricted cash, including amounts held by variable interest entities (VIEs) of $4,095 and $36,235 6,750 37,845
Consumer receivables 190,152 169,976
Allowance for credit losses on consumer receivables (32,073) (24,841)
Consumer receivables, net, including amounts held by VIEs of $124,924 and $113,963 158,079 145,135
Enterprise receivables, net 19,109 19,017
Property and equipment, net 2,111 2,976
Intangible assets, net 180,911 194,247
Goodwill   26,600
Other assets 51,030 54,658
Total assets 512,256 596,342
Liabilities:    
Secured loans, net 74,257 88,617
Accounts payable and accrued liabilities 45,581 58,129
Warrant liability 405 337
Other debt, net, including amounts held by VIEs of $120,163 and $143,394 120,163 143,394
Other liabilities 15,870 33,496
Total liabilities 256,276 323,973
Commitments and contingencies (Note 15)
Redeemable convertible preferred stock (Series A), $0.0001 par value; 45,000,000 shares authorized as of September 30, 2023 and December 31, 2022, 0 and 25,655,579 shares issued and outstanding as of September 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 September 30, 2023 and December 31, 2022, 10,314,235 and 10,281,902 issued and outstanding, respectively, as of September 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 964,203 766,839
Accumulated deficit (698,524) (657,979)
Treasury stock at cost, 32,333 shares at September 30, 2023 and December 31, 2022 [1] (9,700) (9,700)
Total stockholders’ equity 255,980 99,161
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 512,256 $ 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.