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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 202,603 $ 74,781
Restricted cash 1,823 1,623
Accounts receivable, net 3,045 5,380
Payment-dependent notes receivable, current 2 1,153
Prepaid expenses and other current assets 9,525 5,148
Total current assets 216,998 88,085
Property and equipment, net 272 497
Internal-use software, net 6,723 2,691
Goodwill and other intangible assets, net 134,891 137,774
Operating lease right-of-use assets 3,794 7,881
Payment-dependent notes receivable, noncurrent 6,508 13,453
Other assets, noncurrent 1,676 7,514
Total assets 370,862 257,895
Current liabilities:    
Accounts payable 2,020 1,920
Accrued compensation and benefits 10,213 21,240
Accrued expenses and other current liabilities 7,710 8,343
Operating lease liabilities, current 3,819 5,367
Payment-dependent notes payable, current 2 1,153
Total current liabilities 23,764 38,023
Operating lease liabilities, noncurrent 1,785 5,159
Payment-dependent notes payable, non-current 6,508 13,453
Warrant liabilities 632 7,844
Other liabilities, noncurrent 364 0
Total liabilities 33,053 64,479
Commitments and contingencies (Note 8)
Convertible preferred stock, net of issuance costs, $0.00001 par value; nil and 86,815,192 shares authorized as of September 30, 2022 and December 31, 2021, respectively; nil and 73,914,149 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively; aggregate liquidation preference of $0 and $271,845 as of September 30, 2022 and December 31, 2021, respectively 0 246,056
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value; 172,442,676 and 63,090,701 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 18 0
Additional paid-in capital 496,592 25,919
Accumulated other comprehensive loss (95) 0
Accumulated deficit (164,300) (78,559)
Total Forge Global Holdings, Inc. stockholders’ equity (deficit) 332,215 (52,640)
Noncontrolling Interest 5,594 0
Total stockholders’ equity (deficit) 337,809 (52,640)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 370,862 $ 257,895