XML 25 R3.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 52,882 $ 98,332
Restricted cash 31,838 16,500
Customer funds 32,925 591
Available-for-sale securities 17,398 141,062
Accounts receivable, net 29,664 25,306
Prepaid insurance 13,049 22,822
Safeguarding asset for crypto 701,556 15,792
Other current assets 3,332 6,060
Total current assets 882,644 326,465
Property, equipment and software, net 60 19,744
Goodwill 68,001 15,852
Intangible assets, net 2,900 55,833
Deposits with clearinghouse 159 15,150
Other assets 13,103 22,458
Total assets 966,867 455,502
Current liabilities:    
Accounts payable and accrued liabilities 55,379 66,787
Customer funds payable 32,925 591
Deferred revenue, current 4,282 3,972
Safeguarding obligation for crypto 701,556 15,792
Total current liabilities 802,074 92,129
Deferred revenue, noncurrent 3,198 3,112
Warrant liability 2,356 785
Other noncurrent liabilities 23,525 23,402
Total liabilities 831,153 119,428
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Additional paid-in capital 799,656 772,973
Accumulated other comprehensive loss (101) (290)
Accumulated deficit (751,301) (676,447)
Total stockholders' equity 48,282 96,263
Noncontrolling interest 87,432 239,811
Total equity 135,714 336,074
Total liabilities and stockholders’ equity 966,867 455,502
Related Party    
Current liabilities:    
Other current liabilities 3,230 1,168
Nonrelated Party    
Current liabilities:    
Other current liabilities 4,702 3,819
Class A Common Stock    
Stockholders’ equity:    
Common stock, value 9 8
Class V Common Stock    
Stockholders’ equity:    
Common stock, value $ 19 $ 19