XML 71 R54.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:            
Cash $ 469,365 $ 405,080 $ 454,982 $ 262,368 $ 33,919  
Restricted cash 174,194 279,742   143,403    
Marketable securities 82,131 43,576   9,004    
Mortgage loans held for sale pledged under agreements to repurchase 13,984 2,116        
Escrow receivable 2,641 13,882   10,772    
Real estate inventory, net 151,512 1,312,369   1,361,796    
Other current assets ($848 and $100 carried at fair value) 29,632 30,879        
Total Current Assets 923,459 2,087,644   1,808,171    
PROPERTY AND EQUIPMENT- Net 29,434 34,606   17,976    
RIGHT OF USE ASSETS 51,842 60,681        
GOODWILL 30,945 30,945   9,400    
INTANGIBLES - Net 9,266 12,414   3,743    
OTHER ASSETS 4,221 5,394   3,005    
TOTAL ASSETS 1,049,167 2,231,684   1,842,295    
CURRENT LIABILITIES:            
Accounts payable and other accrued liabilities ($6,440 and $0 carried at fair value) 37,998 32,977   30,265    
Current portion of credit facilities and other secured borrowings 121,909 1,074,125   1,032,593    
Interest payable 1,846 5,808   5,333    
Lease liabilities, current portion 17,248 13,472        
Total Current Liabilities 179,001 1,126,382   1,068,191    
CREDIT FACILITIES - Net of current portion 149,035 221,929   100,502    
CONVERTIBLE NOTES   140,096        
DERIVATIVE AND WARRANT LIABILITIES   46,235   18,022    
LEASE LIABILITIES - Net of current portion 48,182 48,435        
OTHER LIABILITIES 97 208   5,082    
TOTAL LIABILITIES 376,315 1,583,285   1,191,797    
COMMITMENTS AND CONTINGENCIES (See Note 19)      
TEMPORARY EQUITY:            
Total temporary equity 1,381,502 1,381,502   1,063,864    
SHAREHOLDERS' DEFICIT            
Additional paid-in capital 280,657 57,362   31,201    
Accumulated deficit (989,451) (790,483)   (446,056)    
Accumulated Other Comprehensive Income (Loss), Net of Tax 144 18   (2)    
Total Shareholder's Equity (Deficit)   (733,103)   (414,857)    
Non-controlling interests       1,491    
Total shareholders' deficit (708,650) (733,103) (653,061) (413,366) (150,630) $ (70,264)
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY (DEFICIT) 1,049,167 2,231,684   1,842,295    
Series A convertible preferred stock            
TEMPORARY EQUITY:            
Total temporary equity 9,763 9,763 9,763 9,763   10,037
SHAREHOLDERS' DEFICIT            
Total shareholders' deficit         10,037  
Series B convertible preferred stock            
TEMPORARY EQUITY:            
Total temporary equity 20,049 20,049 20,049 20,049   20,448
SHAREHOLDERS' DEFICIT            
Total shareholders' deficit         20,448  
Series C convertible preferred stock            
TEMPORARY EQUITY:            
Total temporary equity 80,519 80,519 80,519 80,519   80,519
SHAREHOLDERS' DEFICIT            
Total shareholders' deficit         80,519  
Series D convertible preferred stock            
TEMPORARY EQUITY:            
Total temporary equity 257,951 257,951 222,951 222,951   $ 218,141
SHAREHOLDERS' DEFICIT            
Total shareholders' deficit         $ 223,072  
Series E convertible preferred stock            
TEMPORARY EQUITY:            
Total temporary equity $ 1,013,220 $ 1,013,220 $ 1,013,220 $ 730,582