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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2023
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:              
Net loss $ (1,155,970) $ (86,348) $ (100,906) $ (22,964) $ (252,100) $ (105,133) $ (50,872)
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation and amortization 931 777 612 512 3,606 1,990 1,055
Net amortization of debt premium and discount     (1,098) 2,616 (4,478) 8,837 9,392
Loss on impairment of goodwill 1,096,305 0          
(Gain) loss on financial instruments, net 3,461 12,020 56,011 2,180 51,421 (31,837) 30,670
Return on investments in alternative assets held by Customer ExAlt Trusts 0 45 173 551 12,409 8,745 3,683
Investment (income) loss, net (500) 25,117 10,811 (2,091) 54,010 (15,534) (132,620)
Non cash interest expense     899 1,796 11,223 13,188 11,045
Non cash interest income (108) (82) (73) (67) (359) (881) (875)
Non cash share-based compensation 27,001 3,507 2,828 5,007 10,085 23,153 107,808
Provision for credit losses 0 18,790 9,383 0 20,580 18,755 0
Provision for deferred taxes 0 397 1,072 (273) (1,072) 0 3,459
Changes in assets and liabilities:              
Changes in other assets (1,102) (11,408) 10,021 256 (13,013) (16,992) (2,258)
Changes in accounts payable and accrued expenses 12,031 (1,622) (1,002) (5,198) 11,236 5,194 1,977
Changes in other liabilities and deferred revenue 256 39 (63) (45) (319) (501) (207)
Loss on extinguishment of debt, related parties     0   0 34,013 0
Non cash forfeiture of vested share-based compensation           0 (36,267)
Write-off of deferred financing costs for equity and fixed assets     0 0 1,653    
Net cash used in operating activities (13,910) (37,080) (11,332) (17,720) (95,118) (57,003) (54,010)
Cash flows from investing activities:              
Return of investments in alternative assets held by Customer ExAlt Trusts 12,005 19,309 13,280 9,476 72,551 51,403 20,394
Purchase of investments in alternative assets held by Customer ExAlt Trusts (256) (948)          
Purchase of premises and equipment (523) (338) (975) (720) (2,077) (4,203) (3,221)
Purchase of put options 0 (7,451) 0 0 (7,451) 0 (14,775)
Purchase of investments in alternative assets held by Customer ExAlt Trusts     0 (4,452) (2,589) (4,452) (8,378)
Proceeds from sale of public equity securities held by Customer ExAlt Trusts     0 0 2,583    
Proceeds from sale of put options held by Ben           1,843 0
Purchase of debt securities of related party     (815) 0 0    
Net cash provided by investing activities 11,226 10,572 11,490 4,304 63,017 44,591 (5,980)
Cash flows from financing activities:              
Payments on Customer ExAlt Trust loan payable (3,056) (4,791) (3,822) 0 (17,907)    
Payment of deferred financing costs for equity (3,153) (785) 0 (185) (6,116) (517) (633)
Payment of employee income taxes on restricted equity units (84) (992) (33) (1,228) (1,125) (1,464) (1,554)
Proceeds from de-SPAC merger 24,761 0          
Payment for prepaid forward purchase agreement (20,038) 0          
Proceeds from Customer ExAlt Trust loan payable     72,500 0 0    
Issuance of BCH Preferred Series C Unit Accounts to related party     0 14,800 0 14,800 130,200
Payment of deferred financing costs for debt 0 0 (8,628) (100) 0 (1,114) (3,207)
Purchase of noncontrolling interest     0 0 (131) 0 (5,592)
Proceeds from borrowings on debt due to related parties           17,950 0
Payments on debt due to related parties     (4,391) 0 (750) 0 (75,356)
Net cash (used in) provided by financing activities (2,983) (10,361) 55,626 13,287 (34,459) 14,855 43,858
Net (decrease) increase in cash, cash equivalents, and restricted cash (5,667) (36,869) 55,784 (129) (66,560) 2,443 (16,132)
Cash, cash equivalents, and restricted cash at beginning of period 9,545 76,105 20,321 17,878 76,105 17,878 34,010
Cash, cash equivalents, and restricted cash at end of period 3,878 39,236 76,105 17,749 9,545 20,321 17,878
Nonrelated Party              
Adjustments to reconcile net loss to net cash used in operating activities:              
Net amortization of debt premium and discount (1,287) (1,065)          
(Gain) loss on financial instruments, net 3,461 12,020          
Non cash interest expense 5,072 2,753          
Preferred Series B Subclass 2              
Cash flows from financing activities:              
Redemption of Preferred Unit Accounts (1,413) 0 0 0 (4,637)    
Preferred Series A Subclass 1              
Cash flows from financing activities:              
Redemption of Preferred Unit Accounts $ 0 $ (3,793) $ 0 $ 0 $ (3,793)    
Preferred Series C              
Cash flows from financing activities:              
Redemption of Preferred Unit Accounts           $ (14,800) $ 0