XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 22,889 $ 32,009
Marketable securities 285 8,226
Member advances, eligible receivables net of allowance for unrecoverable advances 104,183 49,013
Short-term investments 168,789 0
Prepaid income taxes 831 1,381
Deferred issuance costs 0 5,131
Prepaid expenses and other current assets 11,591 4,443
Total current assets 308,568 100,203
Property and equipment, net 1,026 685
Lease right-of-use assets (related-party of $735 and $970 as of December 31, 2022 and December 31, 2021, respectively) 735 2,702
Intangible assets, net 10,163 7,849
Derivative asset on loans to stockholders 0 35,253
Debt facility commitment fee, long-term 75 131
Restricted cash 788 363
Other non-current assets 137 0
Total assets 321,492 147,186
Current liabilities:    
Accounts payable 11,418 13,044
Accrued expenses 10,965 13,045
Lease liabilities, short-term (related-party of $273 and $243 as of December 31, 2022 and December 31, 2021, respectively) 273 1,920
Legal settlement accrual 9,450 3,701
Note payable 0 15,051
Credit facility 0 20,000
Convertible debt, current 0 695
Interest payable, convertible notes, current 0 25
Other current liabilities 4,311 1,153
Total current liabilities 36,417 68,634
Lease liabilities, long-term (related-party of $550 and $822 as of December 31, 2022 and December 31, 2021, respectively) 550 970
Debt facility, long-term 75,000 35,000
Convertible debt, long-term 102,325 0
Warrant liabilities 463 3,726
Earnout liabilities 53 0
Other non-current liabilities 124 119
Total liabilities 214,932 108,449
Commitments and contingencies (Note 14)
Stockholders' deficit:    
Preferred stock, par value per share $0.0001, 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2022 and 2021 0 0
Treasury stock 0 (5)
Additional paid-in capital 270,037 86,830
Accumulated other comprehensive loss (1,675) 0
Loans to stockholders 0 (15,192)
Accumulated deficit (161,803) (32,897)
Total stockholders' deficit 106,560 38,737
Total liabilities, and stockholders' equity 321,492 147,186
Dave OD Funding I, LLC    
Current assets:    
Cash and cash equivalents 12,030 26,239
Member advances, eligible receivables net of allowance for unrecoverable advances 71,545 35,835
Debt facility commitment fee, current 62 470
Debt facility commitment fee, long-term 75 131
Total assets 83,712 62,675
Current liabilities:    
Accounts payable 531 411
Current portion of debt facility 0 20,000
Other current liabilities 0 400
Debt facility, long-term 75,000 35,000
Warrant liabilities 0 3,726
Total liabilities 75,531 59,537
Class A common stock [Member]    
Stockholders' deficit:    
Common stock 1 1
Class V common stock [Member]    
Stockholders' deficit:    
Common stock $ 0 $ 0