Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Redeemable Convertible Preferred Stock, Redeemable Noncontrolling Interests and Stockholders??? Deficit (Unaudited)

v3.21.2
Condensed Consolidated Statements of Redeemable Convertible Preferred Stock, Redeemable Noncontrolling Interests and Stockholders’ Deficit (Unaudited) - USD ($)
$ in Thousands
Redeemable Convertible Preferred Stock
Redeemable Noncontrolling Interests
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Treasury Stock
Total
Balances at Dec. 31, 2019 $ 231,020 $ 73,977 $ (262,208) $ (1,000) $ (263,208)
Balances (in Shares) at Dec. 31, 2019 103,598,936 [1]   44,198,935        
Stock-based compensation 1,082 1,082
Exercise of stock options and warrants 84 84
Exercise of stock options and warrants (in Shares)     1,569,800        
Issuance of Series C-1 redeemable convertible preferred stock $ 12,025
Issuance of Series C-1 redeemable convertible preferred stock (in Shares) [1] 3,811,908            
Accrued dividends on redeemable convertible preferred stock $ 12,817 (1,166) (11,651) (12,817)
Contributions from redeemable noncontrolling interests 300
Redemptions by redeemable noncontrolling interests (12,844)
Distributions to redeemable noncontrolling interests (2,989)
Net income (loss) 6,480 (17,633) (17,633)
Balances at Sep. 30, 2020 $ 255,862 64,924 (291,492) (1,000) (292,492)
Balances at September 30, 2020 (in Shares) at Sep. 30, 2020 107,410,844 [1]   45,768,735        
Balances at Jun. 30, 2020 $ 251,475 68,288 (280,116) (1,000) (281,116)
Balances (in Shares) at Jun. 30, 2020 107,410,844 [1]   44,888,391        
Stock-based compensation 410 410
Exercise of stock options and warrants 58 58
Exercise of stock options and warrants (in Shares)     880,344        
Accrued dividends on redeemable convertible preferred stock 4,387 (468) (3,919) (4,387)
Contributions by redeemable noncontrolling interests 50  
Redemptions by redeemable noncontrolling interests (4,473)
Distributions to redeemable noncontrolling interests (907)
Net income (loss) 1,966 (7,457) (7,457)
Balances at Sep. 30, 2020 $ 255,862 64,924 (291,492) (1,000) (292,492)
Balances at September 30, 2020 (in Shares) at Sep. 30, 2020 107,410,844 [1]   45,768,735        
Balances at Dec. 31, 2020 $ 288,183 71,852 $ 5   (327,629) (1,000) (328,624)
Balances (in Shares) at Dec. 31, 2020 116,264,374 [1]   47,870,720        
Stock-based compensation       2,425     2,425
Exercise of stock options and warrants       251     $ 251
Exercise of stock options and warrants (in Shares)     788,673       2,062,803
Accrued dividends on redeemable convertible preferred stock $ 14,292     (2,606) (11,686)   $ (14,292)
Preferred stock conversion $ (302,475)   $ 12 250,761 51,702   302,475
Preferred stock conversion (in Shares) (116,264,374) [1]   116,264,374        
Reverse capitalization on September 22, 2021     $ 6 433,816   1,000 434,822
Reverse capitalization on September 22, 2021 (in Shares)     62,223,940        
Redemption of common stock           (9,700) (9,700)
Redemption of common stock (in Shares)     (970,000)        
Redemption of stock options       (12,741)     (12,741)
Contributions from redeemable noncontrolling interests   53,000          
Redemptions by redeemable noncontrolling interests   (3,556)          
Distributions to redeemable noncontrolling interests   (7,111)          
Net income (loss)   9,364     (142,242)   (142,242)
Balances at Sep. 30, 2021 123,549 $ 23 671,906 (429,855) (9,700) 232,374
Balances at September 30, 2020 (in Shares) at Sep. 30, 2021 [1]   226,177,708        
Balances at Jun. 30, 2021 $ 298,010 101,157 $ 5   (453,805) (1,000) (454,800)
Balances (in Shares) at Jun. 30, 2021 116,264,374 [1]   48,658,573        
Stock-based compensation       586     586
Exercise of stock options and warrants (in Shares)     820        
Accrued dividends on redeemable convertible preferred stock $ 4,465     (516) (3,949)   (4,465)
Preferred stock conversion $ (302,475)   $ 12 250,761 51,702   302,475
Preferred stock conversion (in Shares) (116,264,374) [1]   116,264,374        
Reverse capitalization on September 22, 2021     $ 6 433,816   1,000 434,822
Reverse capitalization on September 22, 2021 (in Shares)     62,223,940        
Redemption of common stock           (9,700) (9,700)
Redemption of common stock (in Shares)     (970,000)        
Redemption of stock options       (12,741)     (12,741)
Contributions from redeemable noncontrolling interests   22,000          
Redemptions by redeemable noncontrolling interests   (500)          
Distributions to redeemable noncontrolling interests   (2,628)          
Net income (loss)   3,520     (23,803)   (23,803)
Balances at Sep. 30, 2021 $ 123,549 $ 23 $ 671,906 $ (429,855) $ (9,700) $ 232,374
Balances at September 30, 2020 (in Shares) at Sep. 30, 2021 [1]   226,177,708        
[1] Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion’s common stock for MoneyLion Class A Common Stock at an exchange of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business combination,” for details.