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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Investments    
Marketable securities - restricted (amortized cost of $67,613 and $62,741) $ 67,149 $ 62,625
Total investments 67,149 62,625
Cash and cash equivalents 84,339 120,940
Restricted cash and cash equivalents 31,978 42,881
Receivables from Brokers-Dealers and Clearing Organizations 6,551 0
Premiums receivable 18,522 16,839
Reinsurance recoverable on paid loss 2,694 0
Reinsurance recoverable on unpaid loss 4,408 0
Prepaid reinsurance premium 359 0
Prepaid expenses and other assets 27,416 21,677
Deferred policy acquisition costs, net 1,204 1,433
Telematics devices, improvements and equipment, net 12,169 13,654
Website and software development costs, net 21,971 25,866
Intangible assets 7,500 7,500
Assets held for sale 9,253 0
Total assets 295,513 313,415
Liabilities    
Loss and loss adjustment expense reserves 76,916 73,438
Ceded reinsurance premium payable 8,798 0
Payable to carriers - premiums and LAE, net 315 340
Unearned premium reserve 16,924 15,726
Deferred revenue 0 5,601
Accounts payable and accrued expenses 8,421 10,820
Payable for securities 0 422
Warrant liability 1,025 1,156
Other liabilities 19,319 19,524
Liabilities held for sale 6,156 0
Total liabilities 137,874 127,027
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value; 640,000,000 shares authorized as of March 31, 2022, and December 31, 2021; 130,183,262 and 128,221,885 shares issued and outstanding as of March 31, 2022 and December 31, 2021. 13 13
Accumulated paid-in capital 775,443 769,525
Accumulated other comprehensive loss (464) (116)
Accumulated deficit (617,353) (583,034)
Total stockholders' equity 157,639 186,388
Total liabilities, convertible preferred stock and stockholders’ equity $ 295,513 $ 313,415