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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 155,127 $ 193,136
Restricted cash 1,299 1,829
Accounts receivable, net 3,871 3,544
Prepaid expenses and other current assets 10,148 8,379
Total current assets 170,445 206,888
Property and equipment, net 317 359
Internal-use software, net 5,023 7,640
Goodwill and other intangible assets, net 130,897 133,887
Operating lease right-of-use assets 3,379 5,706
Payment-dependent notes receivable, noncurrent 5,763 7,371
Other assets, noncurrent 1,696 1,878
Total assets 317,520 363,729
Current liabilities:    
Accounts payable 1,480 2,797
Accrued compensation and benefits 8,798 13,271
Accrued expenses and other current liabilities 8,121 6,421
Operating lease liabilities, current 2,300 3,896
Total current liabilities 20,699 26,385
Operating lease liabilities, noncurrent 2,002 3,541
Payment-dependent notes payable, noncurrent 5,763 7,371
Warrant liabilities 3,321 606
Other liabilities, noncurrent 185 365
Total liabilities 31,970 38,268
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.0001 par value; 175,173,113 and 172,560,916 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 18 18
Additional paid-in capital 534,659 509,094
Accumulated other comprehensive income 601 693
Accumulated deficit (254,843) (190,418)
Total Forge Global Holdings, Inc. stockholders’ equity 280,435 319,387
Noncontrolling Interest 5,115 6,074
Total stockholders’ equity 285,550 325,461
Total liabilities and stockholders’ equity $ 317,520 $ 363,729