XML 23 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,661 $ 1,664
Restricted cash 11,420  
Accounts receivable 6,195  
Affiliate receivable [1] 2,425 4,070
Prepaid expenses and other current assets [1] 27,656 13,304
Total current assets 51,357 19,038
Property, plant and equipment, net 3,432 750
Intangible assets, net [2] 3,363,156 84,218
Total assets 3,417,945 104,006
Current liabilities:    
Accounts payable 8,422 4,609
Affiliate payable [1] 19,822 45,252
Commission payable 545 465
Deferred service fee income   249
Derivative liability 9,613  
Warrant liability 5,311  
Other current liabilities 72,002 3,489
Total current liabilities 115,715 54,064
Guaranty obligation [1] 787,945  
Claims financing obligation & notes payable [1] 198,489 106,805
Loan from related parties [1] 125,759  
Interest payable [1] 2,765 94,545
Total liabilities 1,230,673 255,414
Commitments and Contingencies
Class A common stock subject to possible redemption, 1,129,589 shares at redemption value as of December 31, 2022. 1,807  
Stockholders' Equity (Deficit):    
Additional paid-in capital 136,760  
Members' equity   (155,756)
Accumulated deficit (29,203)  
Total Stockholders' Equity (Deficit) 107,879 (155,756)
Non-controlling interest 2,077,586 4,348
Total equity 2,185,465 (151,408)
Total liabilities and equity 3,417,945 $ 104,006
Class A Common Stock [Member]    
Stockholders' Equity (Deficit):    
Common stock 7  
Class V Common Stock [Member]    
Stockholders' Equity (Deficit):    
Common stock $ 315  
[1] As of December 31, 2022 and 2021, the total affiliate receivable, affiliate payable, guaranty obligation and loan from related parties balances are with related parties. In addition, the prepaid expenses and other current assets, Claims financing obligation and notes payable and interest payable includes balances with related parties. See Note 14, Related Party, for further details.
[2] As of December 31, 2022, intangible assets, net included $2.3 billion related to a consolidated VIE. See Note 10, Variable Interest Entities, for further details.