Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash $ 92,195 $ 115,864
Restricted cash, including amounts held by variable interest entities (VIEs) of $128 and $36,235 2,284 37,845
Consumer receivables 208,167 169,976
Allowance for credit losses on consumer receivables (35,329) (24,841)
Consumer receivables, net, including amounts held by VIEs of $131,283 and $113,963 172,838 145,135
Enterprise receivables, net 15,978 19,017
Property and equipment, net 1,864 2,976
Intangible assets, net 176,541 194,247
Goodwill   26,600
Other assets 53,559 54,658
Total assets 515,259 596,342
Liabilities:    
Secured loans, net 64,334 88,617
Accounts payable and accrued liabilities 52,396 58,129
Warrant liability 810 337
Other debt, net, including amounts held by VIEs of $125,419 and $143,394 125,419 143,394
Other liabilities 15,077 33,496
Total liabilities 258,036 323,973
Commitments and contingencies (Note 14)
Redeemable convertible preferred stock (Series A), $0.0001 par value; 45,000,000 shares authorized as of December 31, 2023 and December 31, 2022, 0 and 25,655,579 shares issued and outstanding as of December 31, 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 December 31, 2023 and December 31, 2022, 10,444,627 and 10,412,294 issued and outstanding, respectively, as of December 31, 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 969,641 766,839
Accumulated deficit (702,719) (657,979)
Treasury stock at cost, 32,333 shares at December 31, 2023 and December 31, 2022(1) [1] (9,700) (9,700)
Total stockholders' equity 257,223 99,161
Total liabilities, redeemable convertible preferred stock and stockholders' equity $ 515,259 $ 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.