Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash $ 96,756 $ 115,864
Restricted cash, including amounts held by variable interest entities (VIEs) of $12,302 and $36,235 14,000 37,845
Consumer receivables 176,211 169,976
Allowance for credit losses on consumer receivables (27,473) (24,841)
Consumer receivables, net, including amounts held by VIEs of $121,734 and $113,963 148,738 145,135
Enterprise receivables, net 22,961 19,017
Property and equipment, net 2,682 2,976
Intangible assets, net 189,394 194,247
Goodwill 26,721 26,600
Other assets 55,907 54,658
Total assets 557,159 596,342
Liabilities:    
Secured loans 88,726 88,617
Accounts payable and accrued liabilities 50,294 58,129
Warrant liability 486 337
Other debt, including amounts held by VIEs of $119,650 and $143,394 119,650 143,394
Other liabilities 29,184 33,496
Total liabilities 288,340 323,973
Commitments and contingencies (Note 15)
Redeemable convertible preferred stock (Series A), $0.0001 par value; 45,000,000 shares authorized as of March 31, 2023 and December 31, 2022, 25,701,595 and 25,655,579 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 173,328 173,208
Stockholders’ equity:    
Class A Common Stock, $0.0001 par value; 66,666,666 shares authorized as of March 31, 2023 and December 31, 2022, 8,831,402 and 8,799,069 issued and outstanding, respectively, as of March 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 771,881 766,839
Accumulated deficit (666,691) (657,979)
Treasury stock at cost, 32,333 shares at March 31, 2023 and December 31, 2022 [1] (9,700) (9,700)
Total stockholders’ equity 95,491 99,161
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 557,159 $ 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.