Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 80,147 $ 47,515
Restricted cash 6,227 4,272
Financing receivables, net of allowance for credit losses 9,485 48,925
Intangible assets, net 304,584 319,920
Property and equipment, net 1,277 1,489
Other assets 33,059 27,204
Total assets 434,779 452,195
Liabilities    
Accounts payable and accrued expenses 14,469 12,573
Funding commitments 38,181 20,400
Deferred tax liabilities 837 688
Warrants, at fair value 458 4,297
Affiliate warrants, at fair value 3,033 0
Affiliate contract derivative, at fair value 12,902 0
Affiliate guarantee obligations 15,772 3,847
Total liabilities 175,799 83,868
Commitments and Contingencies (Note 10)
Stockholders' Equity    
Preferred stock 0 0
Additional paid-in capital 751,765 761,698
Accumulated deficit (578,942) (501,635)
Total capital 172,832 260,071
Treasury stock, at cost; 27,132 and 1,312,155 Class A shares as of June 30, 2023 and December 31, 2022, respectively (21) (15,307)
Total stockholders' equity 172,811 244,764
Noncontrolling interests in consolidated subsidiaries 86,169 123,563
Total equity 258,980 368,327
Total liabilities and stockholders' equity 434,779 452,195
Class A Common Stock    
Stockholders' Equity    
Common stock 9 8
Class C Common Stock    
Stockholders' Equity    
Common stock 0 0
Advances (net of allowance for credit losses of $1,775 and $6,736)    
Assets    
Financing receivables, net of allowance for credit losses 6,322 45,393
Financing receivables (net of allowance for credit losses of $7 and $8)    
Assets    
Financing receivables, net of allowance for credit losses 2,931 3,263
Nonrelated Party    
Liabilities    
Debt 0 20,613
Other liabilities 10,182 13,348
Nonrelated Party | Advances (net of allowance for credit losses of $1,775 and $6,736)    
Assets    
Financing receivables, net of allowance for credit losses 6,322 45,393
Nonrelated Party | Financing receivables (net of allowance for credit losses of $7 and $8)    
Assets    
Financing receivables, net of allowance for credit losses 232 270
Related Party    
Assets    
Due from affiliates 0 2,870
Liabilities    
Debt 52,267 0
Other liabilities 27,698 8,102
Related Party | Financing Receivable, Affiliate    
Assets    
Financing receivables, net of allowance for credit losses $ 2,931 $ 3,262