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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 159,526 $ 193,136
Restricted cash 1,286 1,829
Accounts receivable, net 4,685 3,544
Prepaid expenses and other current assets 10,806 8,379
Total current assets 176,303 206,888
Property and equipment, net 341 359
Internal-use software, net 5,678 7,640
Goodwill and other intangible assets, net 131,894 133,887
Operating lease right-of-use assets 4,127 5,706
Payment-dependent notes receivable, noncurrent 5,830 7,371
Other assets, noncurrent 1,894 1,878
Total assets 326,067 363,729
Current liabilities:    
Accounts payable 1,568 2,797
Accrued compensation and benefits 5,738 13,271
Accrued expenses and other current liabilities 7,437 6,421
Operating lease liabilities, current 2,832 3,896
Total current liabilities 17,575 26,385
Operating lease liabilities, noncurrent 2,525 3,541
Payment-dependent notes payable, noncurrent 5,830 7,371
Warrant liabilities 4,228 606
Other liabilities, noncurrent 453 365
Total liabilities 30,611 38,268
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.0001 par value; 174,386,713 and 172,560,916 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 18 18
Additional paid-in capital 525,275 509,094
Accumulated other comprehensive income 798 693
Accumulated deficit (236,495) (190,418)
Total Forge Global Holdings, Inc. stockholders’ equity 289,596 319,387
Noncontrolling Interest 5,860 6,074
Total stockholders’ equity 295,456 325,461
Total liabilities and stockholders’ equity $ 326,067 $ 363,729