Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents		$ 155,464	$ 169,817
Restricted cash		44,474	24,616
Accounts receivable		12,929	6,165
Inventory		1,289,426	1,132,571
Prepaid expenses and other current assets		12,966	9,808
Total current assets		1,515,259	1,342,977
Property and equipment, net		5,622	5,146
Other non-current assets		5,914	4,959
Total Assets	[1]	1,526,795	1,353,082
Current liabilities:
Accounts payable		10,705	6,399
Accrued and other current liabilities		45,412	35,027
Secured credit facilities and notes payable, net		1,054,455	861,762
Secured credit facilities and notes payable - related party		87,456	164,434
Total current liabilities		1,198,028	1,067,622
Warrant liabilities		5,860	24,061
Other long-term liabilities		4,226	3,830
Total liabilities	[2]	1,208,114	1,095,513
Commitments and contingencies (Note 17)
Stockholders' equity:
Additional paid in capital		398,166	389,601
Accumulated deficit		(79,510)	(132,056)
Total stockholders' equity		318,681	257,569
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		1,526,795	1,353,082
Class A Common Stock
Stockholders' equity:
Common stock value		23	22
Class B Common Stock
Stockholders' equity:
Common stock value		$ 2	$ 2

[1] Our consolidated assets as of June 30, 2022 and December 31, 2021 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Restricted cash, $44,474 and $24,616; Accounts receivable, $11,862 and $4,845; Inventory, $1,289,426 and $1,132,571; Prepaid expenses and other current assets, $5,143 and $2,871; Total assets of $1,350,905 and $1,164,903, respectively.

[2] Our consolidated liabilities as of June 30, 2022 and December 31, 2021 include the following liabilities for which the VIE creditors do not have recourse to Offerpad: Accounts payable, $6,909 and $2,810; Accrued and other current liabilities, $3,553 and $3,537; Secured credit facilities and notes payable, net, $1,141,911 and $1,026,196; Total liabilities, $1,152,373 and $1,032,543, respectively.