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Quarterly Financial Data (Unaudited) Restatement of Previously Issued Financial Statements - Unaudited Condensed Consolidated Statements of Operations (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Claims recovery income $ 2,759,000 $ 1,357,000 $ 1,466,000 $ 4,225,000 $ 4,878,000 $ 126,000 $ 255,000
Claims recovery service income   3,971,000 12,047,000   18,542,000 [1] 14,500,000 [1] 13,632,000 [1]
Total Claims Recovery 8,507,000 5,328,000 13,513,000 22,020,000 23,420,000 14,626,000 13,887,000
Operating expenses              
Cost of claim recoveries 1,198,000 702,000 709,000 1,906,000 2,054,000 [2] 26,000 [2] 47,000 [2]
Claims amortization expense 111,851,000 38,991,000 41,708,000 153,560,000 266,929,000 164,000 125,000
Professional fees 5,904,000 3,131,000 5,069,000 10,973,000 18,497,000 8,502,000 2,211,000
Total operating expenses 133,691,000 72,643,000 84,302,000 217,993,000 354,898,000 21,796,000 17,216,000
Operating Loss (125,184,000) (67,315,000) (70,789,000) (195,973,000) (331,478,000) (7,170,000) (3,329,000)
Interest expense (46,180,000) (24,352,000) (34,767,000) (80,947,000) (121,011,000) (27,046,000) (20,886,000)
Net loss before provision for income taxes (105,556,000) (105,981,000) (119,872,000) (225,428,000) (401,905,000) (33,077,000) (24,266,000)
Provision for income tax benefit (expense)         0 0 0
Net loss (105,556,000) (105,981,000) (119,872,000) (225,428,000) (401,905,000) [3] (33,077,000) [3] (24,266,000) [3]
Less: Net (income) loss attributable to non-controlling members 103,484,000 104,101,000 117,992,000 221,476,000 394,488,000 (16,000) 18,000
Net loss attributable to controlling members (2,072,000) (1,880,000) (1,880,000) (3,952,000) $ (7,417,000) $ (33,093,000) $ (24,248,000)
As Previously Reported              
Claims recovery income 2,571,000 1,319,000 1,428,000 3,999,000      
Claims recovery service income   3,971,000 12,047,000        
Total Claims Recovery 8,319,000 5,290,000 13,475,000 21,794,000      
Operating expenses              
Cost of claim recoveries 1,160,000 694,000 701,000 1,861,000      
Claims amortization expense 66,331,000 23,818,000 26,535,000 92,866,000      
Professional fees 5,875,000 3,118,000 5,056,000 10,931,000      
Total operating expenses 88,104,000 57,449,000 69,108,000 157,212,000      
Operating Loss (79,785,000) (52,159,000) (55,633,000) (135,418,000)      
Interest expense (13,083,000) (10,977,000) (21,392,000) (34,475,000)      
Net loss before provision for income taxes (27,060,000) (77,450,000) (91,341,000) (118,401,000)      
Provision for income tax benefit (expense)   326,000 326,000 326,000      
Net loss (27,060,000) (77,124,000) (91,015,000) (118,075,000)      
Less: Net (income) loss attributable to non-controlling members 26,597,000 75,836,000 89,727,000 116,324,000      
Net loss attributable to controlling members (463,000) (1,288,000) (1,288,000) (1,751,000)      
Restatement Adjustment              
Claims recovery income 188,000 38,000 38,000 226,000      
Total Claims Recovery 188,000 38,000 38,000 226,000      
Operating expenses              
Cost of claim recoveries 38,000 8,000 8,000 45,000      
Claims amortization expense 45,520,000 15,173,000 15,173,000 60,694,000      
Professional fees 29,000 13,000 13,000 42,000      
Total operating expenses 45,587,000 15,194,000 15,194,000 60,781,000      
Operating Loss (45,399,000) (15,156,000) (15,156,000) (60,555,000)      
Interest expense (33,097,000) (13,375,000) (13,375,000) (46,472,000)      
Net loss before provision for income taxes (78,496,000) (28,531,000) (28,531,000) (107,027,000)      
Provision for income tax benefit (expense)   (326,000) (326,000) (326,000)      
Net loss (78,496,000) (28,857,000) (28,857,000) (107,353,000)      
Less: Net (income) loss attributable to non-controlling members 76,887,000 28,265,000 28,265,000 105,152,000      
Net loss attributable to controlling members $ (1,609,000) $ (592,000) $ (592,000) $ (2,201,000)      
Class A Common Stock [Member]              
Operating expenses              
Weighted average shares outstanding, basic 69,036,899 13,607,255 13,607,255 53,138,474 61,825,105 [4]    
Weighted average shares outstanding, diluted 69,036,899 13,607,255 13,607,255 53,138,474 61,825,105 [4]    
Basic net income per common share $ (0.03) $ (0.14) $ (0.14) $ (0.07) $ (0.12) [4]    
Diluted net income per common share $ (0.03) $ (0.14) $ (0.14) $ (0.07) $ (0.12) [4]    
Class A Common Stock [Member] | As Previously Reported              
Operating expenses              
Weighted average shares outstanding, basic 69,036,899 13,607,255 13,607,255 53,138,474      
Weighted average shares outstanding, diluted 69,036,899 13,607,255 13,607,255 53,138,474      
Basic net income per common share $ (0.01) $ (0.09) $ (0.09) $ (0.03)      
Diluted net income per common share (0.01) $ (0.09) $ (0.09) (0.03)      
Class A Common Stock [Member] | Restatement Adjustment              
Operating expenses              
Basic net income per common share (0.02)     (0.04)      
Diluted net income per common share $ (0.02)     $ (0.04)      
[1] For the years ended December 31, 2022, 2021 and 2020, Claims recovery service income included $10.6 million, $11.5 million, and $13.1 million, respectively, of Claims recovery service income from VRM MSP. See Note 14, Related Party, for further details.
[2] For the year ended December 31, 2022, cost of Claim recoveries included $405 thousand of related party expenses. This relates to contingent legal expenses earned from Claims recovery income pursuant to legal service agreements with the La Ley con John H. Ruiz P.A., d/b/a MSP Recovery Law Firm (the "Law Firm"). See Note 14, Related Party, for further details. For the years ended December 31, 2021 and 2020, the expenses related to contingent legal expenses were de minimis.
[3] Balances include related party transactions. See Note 14, Related Party, for further details.
[4] Earnings per share information has not been presented for periods prior to the Business Combination (as defined in Note 1, Description of Business), as it resulted in values that would not be meaningful to the users of these consolidated financial statements. Refer to Note 16, Net Loss Per Common Share for further information.