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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 175,268 $ 193,136
Restricted cash 1,643 1,829
Accounts receivable, net 3,286 3,544
Prepaid expenses and other current assets 5,882 8,379
Total current assets 186,079 206,888
Property and equipment, net 373 359
Internal-use software, net 6,369 7,640
Goodwill and other intangible assets, net 132,891 133,887
Operating lease right-of-use assets 4,861 5,706
Payment-dependent notes receivable, noncurrent 5,830 7,371
Other assets, noncurrent 1,926 1,878
Total assets 338,329 363,729
Current liabilities:    
Accounts payable 1,420 2,797
Accrued compensation and benefits 6,539 13,271
Accrued expenses and other current liabilities 5,884 6,421
Less: operating lease liabilities, current 3,352 3,896
Total current liabilities 17,195 26,385
Operating lease liabilities, noncurrent 3,037 3,541
Payment-dependent notes payable, noncurrent 5,830 7,371
Warrant liabilities 437 606
Other liabilities, noncurrent 366 365
Total liabilities 26,865 38,268
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.0001 par value; 173,808,155 and 172,560,916 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 18 18
Additional paid-in capital 516,130 509,094
Accumulated other comprehensive income 830 693
Accumulated deficit (211,606) (190,418)
Total Forge Global Holdings, Inc. stockholders’ equity 305,372 319,387
Noncontrolling Interest 6,092 6,074
Total stockholders’ equity 311,464 325,461
Total liabilities and stockholders’ equity $ 338,329 $ 363,729