2022 Q4 Form 10-Q Financial Statement

#000121390022074296 Filed on November 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $420.0K $14.00K $0.00
YoY Change
Cost Of Revenue $340.0K $14.00K
YoY Change -54.84%
Gross Profit $70.00K $0.00
YoY Change -100.0%
Gross Profit Margin 16.67% 0.0%
Selling, General & Admin $11.60M $8.269M $523.9K
YoY Change 2114.08% 2183.88% 1209.8%
% of Gross Profit 16571.43%
Research & Development $890.0K $558.0K $560.0K
YoY Change 58.93% -66.49%
% of Gross Profit 1271.43%
Depreciation & Amortization $1.330M $70.00K $30.00K
YoY Change 4333.33% 250.0%
% of Gross Profit 1900.0%
Operating Expenses $22.58M $8.827M $523.9K
YoY Change 4209.82% 2337.99% 1209.8%
Operating Profit -$22.51M -$8.813M
YoY Change 102.37%
Interest Expense -$25.52M $424.0K $1.665M
YoY Change -1632.87% -41.85% -360.13%
% of Operating Profit
Other Income/Expense, Net -$60.00K -$779.0K -$210.0K
YoY Change -71.43% 38850.0%
Pretax Income -$48.07M -$41.03M $1.141M
YoY Change -4313.23% -11277.53% -270.29%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$48.07M -$41.03M $1.141M
YoY Change -4313.23% -11277.53% -270.29%
Net Earnings / Revenue -11445.24% -293042.86%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.75 -$0.34 $44.24K
COMMON SHARES
Basic Shares Outstanding 31.19M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.520M $10.45M $638.2K
YoY Change 764.89% 935.14% -54.41%
Cash & Equivalents $5.515M $10.45M $638.2K
Short-Term Investments
Other Short-Term Assets $114.0K $20.00K $234.3K
YoY Change -51.34% -91.54% -53.15%
Inventory $1.313M $2.057M $295.0K
Prepaid Expenses $2.686M $511.0K $234.3K
Receivables
Other Receivables
Total Short-Term Assets $12.30M $17.80M $872.5K
YoY Change 1310.22% 1328.54% -54.08%
LONG-TERM ASSETS
Property, Plant & Equipment $136.0K $187.0K
YoY Change
Goodwill
YoY Change
Intangibles $2.043M $2.071M $191.0K
YoY Change 969.63%
Long-Term Investments $100.0K $201.3M
YoY Change -99.95% -0.01%
Other Assets $21.06M $23.46M
YoY Change
Total Long-Term Assets $23.10M $53.69M $201.3M
YoY Change -88.52% -73.33% 0.04%
TOTAL ASSETS
Total Short-Term Assets $12.30M $17.80M $872.5K
Total Long-Term Assets $23.10M $53.69M $201.3M
Total Assets $35.41M $71.49M $202.2M
YoY Change -82.48% -64.7% -0.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.466M $2.706M $309.5K
YoY Change 1019.93% 1600.82%
Accrued Expenses $1.045M $500.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.410M
YoY Change
Total Short-Term Liabilities $6.913M $33.01M $314.5K
YoY Change 2098.21% 20017.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.730M $2.920M $0.00
YoY Change
Other Long-Term Liabilities $20.06M $21.08M $12.13M
YoY Change 65.34% 52.83% -32.97%
Total Long-Term Liabilities $21.79M $24.00M $12.13M
YoY Change 79.6% 74.0% -32.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.913M $33.01M $314.5K
Total Long-Term Liabilities $21.79M $24.00M $12.13M
Total Liabilities $28.70M $55.72M $12.45M
YoY Change 130.58% 299.23% -31.23%
SHAREHOLDERS EQUITY
Retained Earnings -$147.2M -$128.9M -$11.58M
YoY Change 1171.97%
Common Stock $3.000K $3.000K $63.00
YoY Change 4661.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 2.141M shares
Shareholders Equity $6.708M $15.77M -$11.57M
YoY Change
Total Liabilities & Shareholders Equity $35.41M $71.49M $202.2M
YoY Change -82.48% -64.7% -0.47%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income -$48.07M -$41.03M $1.141M
YoY Change -4313.23% -11277.53% -270.29%
Depreciation, Depletion And Amortization $1.330M $70.00K $30.00K
YoY Change 4333.33% 250.0%
Cash From Operating Activities -$5.300M -$4.270M -$371.3K
YoY Change 1327.42% 2661.43% -22.65%
INVESTING ACTIVITIES
Capital Expenditures $140.0K $470.0K $160.0K
YoY Change -12.5% 840.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$140.0K -$470.0K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0K -3.300M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -5.300M -4.270M -371.3K
Cash From Investing Activities -140.0K -470.0K 0.000
Cash From Financing Activities 500.0K -3.300M 0.000
Net Change In Cash -4.940M -8.040M -371.3K
YoY Change 1230.46% 5099.51% -126.15%
FREE CASH FLOW
Cash From Operating Activities -$5.300M -$4.270M -$371.3K
Capital Expenditures $140.0K $470.0K $160.0K
Free Cash Flow -$5.440M -$4.740M -$531.3K
YoY Change 923.9% 2216.38%

Facts In Submission

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dei Document Period End Date
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2022-09-30
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FOXO TECHNOLOGIES INC.
dei Entity Incorporation State Country Code
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DE
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729 N. Washington Ave
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
197000 usd
foxo Increase Decrease In Policy Reserves
IncreaseDecreaseInPolicyReserves
709000 usd
foxo Increase Decrease In Policy Reserves
IncreaseDecreaseInPolicyReserves
88000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
108000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
73000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
63000 usd
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PaymentsForSoftware
1622000 usd
us-gaap Payments For Software
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us-gaap Payments To Acquire Available For Sale Securities Debt
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50000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Related Party Debt
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3250000 usd
us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
7250000 usd
us-gaap Payments For Repurchase Of Warrants
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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foxo Reverse Recapitalization Proceeds
ReverseRecapitalizationProceeds
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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foxo Forward Purchase Agreement Collateral Release To Meteora
ForwardPurchaseAgreementCollateralReleaseToMeteora
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us-gaap Payments Of Financing Costs
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us-gaap Repayments Of Related Party Debt
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us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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3750000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8123000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10454000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10432000 usd
us-gaap Conversion Of Stock Amount Converted1
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54000 usd
foxo Shares Subject To Equitable Adjustment
SharesSubjectToEquitableAdjustment
9200000 shares
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
88382000 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
21854000 usd
foxo Accrued Internal Use Software
AccruedInternalUseSoftware
239000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-41026000 usd
us-gaap Net Income Loss
NetIncomeLoss
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foxo Retained Earning Appropriated
RetainedEarningAppropriated
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us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
19232000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
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CY2022Q1 us-gaap Convertible Debt
ConvertibleDebt
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CY2022Q2 us-gaap Convertible Debt
ConvertibleDebt
28000000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
63000 usd
CY2022Q3 foxo Longevity Pipeline
LongevityPipeline
512000 usd
CY2021Q4 foxo Longevity Pipeline
LongevityPipeline
75000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">USE OF ESTIMATES</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Management evaluates these estimates and judgments on an ongoing basis and bases its estimates on experience, current and expected future conditions, third-party evaluations and various other assumptions that management believes are reasonable under the circumstances. It is reasonably possible that actual experience could differ from the estimates and assumptions utilized. All revisions to accounting estimates are recognized in the period in which the estimates are revised. A description of each critical estimate is incorporated within the discussion of the related accounting policies which follow.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q3 foxo Underwriting Api
UnderwritingAPI
839000 usd
CY2021Q4 foxo Underwriting Api
UnderwritingAPI
53000 usd
foxo Longevity Api
LongevityAPI
657000 usd
CY2022Q3 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
2071000 usd
CY2021Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
191000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
63000 usd
foxo Percenatge Of Commissions Earned
PercenatgeOfCommissionsEarned
0.80 pure
CY2022Q1 foxo Percentage Of Commission And Fee Revenues
PercentageOfCommissionAndFeeRevenues
0.15 pure
foxo Percentage Of Commission And Fee Revenues
PercentageOfCommissionAndFeeRevenues
0.05 pure
foxo Percentage Of Coinsurance Agreement
PercentageOfCoinsuranceAgreement
1 pure
CY2022Q3 us-gaap Prepaid Insurance
PrepaidInsurance
63000 usd
CY2022Q3 us-gaap Other Assets
OtherAssets
4709000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
2745000 usd
foxo Senior Notes Percentage
SeniorNotesPercentage
0.15 pure
CY2022Q3 foxo Senior Notes Percentage
SeniorNotesPercentage
0.15 pure
CY2022Q3 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
3458000 usd
CY2022Q3 foxo Net Proceeds
NetProceeds
2918000 usd
CY2022Q3 us-gaap Exchange Fees
ExchangeFees
540000 usd
CY2022Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.15 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
1.30 pure
foxo Company Loan Description
CompanyLoanDescription
The Company loaned Delwinds $387 per month in June 2022, July 2022, and August 2022 prior to Closing of the Business Combination.
CY2022Q3 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
500000 usd
CY2022Q2 foxo Agreement Term Period
AgreementTermPeriod
P12M
CY2022Q2 foxo Exchange Fees1
ExchangeFees1
1425000 usd
CY2022Q3 us-gaap Related Party Tax Expense Due To Affiliates Deferred
RelatedPartyTaxExpenseDueToAffiliatesDeferred
2081000 usd
us-gaap Related Party Tax Expense Due To Affiliates Deferred
RelatedPartyTaxExpenseDueToAffiliatesDeferred
3568000 usd
CY2022Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.0001
CY2022Q3 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
510000000 shares
us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
10000000 shares
CY2022Q3 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
100000000 usd
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
10000000 shares
CY2022Q3 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
foxo Warrants Description
WarrantsDescription
Once the warrants become exercisable, the Company may redeem the Public Warrants:  ●in whole and not in part;  ●at a price of $0.01 per warrant;  ●upon not less than 30 days’ prior written notice of redemption given after the warrants become exercisable; and  ●if, and only if, the reported last sale price of the Company’s Class A Common Stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period commencing once the warrants become exercisable and ending three business days before the Company sends the notice of redemption to the warrant holders. 
us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
300000 shares
foxo Purchase Agreement
PurchaseAgreement
29135000 usd
foxo Reset Price Percentage
ResetPricePercentage
0.925 pure
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.05
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
9175000 shares
foxo Timebased Vesting Description
TimebasedVestingDescription
Each restricted share award shall be subject to three service-based vesting conditions:  a)Sixty percent (60%) of a participant’s restricted share award will become vested on the third anniversary of the Closing if the participant is still employed by the company on such date (and has been continuously employed by the company from the date of grant through such vesting date).   b)An additional twenty percent (20%) of a participant’s restricted share award will become vested on the fourth anniversary of the Closing if the participant is still employed by the company on such date (and has been continuously employed by the company from the date of grant through such vesting date).   c)The final twenty percent (20%) of a participant’s restricted share award will become vested on the fifth anniversary of the Closing if the participant is still employed by the company on such date (and has been continuously employed by the company from the date of grant through such vesting date).  
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-41026000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-27241000 usd
us-gaap Net Income Loss
NetIncomeLoss
-76932000 usd
us-gaap Net Income Loss
NetIncomeLoss
-37614000 usd
CY2021Q3 us-gaap Treasury Stock Preferred Shares
TreasuryStockPreferredShares
4646698 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
10378750 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1905853 shares
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1905853 shares
CY2022Q3 foxo Assumed Option Shares
AssumedOptionShares
2965500 shares
CY2021Q3 foxo Assumed Option Shares
AssumedOptionShares
2965500 shares
CY2022Q3 foxo Total Antidilutive Shares
TotalAntidilutiveShares
15250103 shares
CY2021Q3 foxo Total Antidilutive Shares
TotalAntidilutiveShares
24088202 shares
CY2022Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
29700000 usd
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
32203000 usd
CY2021 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.52 pure
CY2021Q2 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
12819000 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
22571000 usd
CY2021Q3 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
35390000 usd
CY2022Q2 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
84686000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
3697000 usd
CY2022Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
88383000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
-88383000 usd
CY2022Q3 foxo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings1
28662000 usd
CY2022Q3 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
28662000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
10500000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
24890000 usd
CY2021Q3 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
35390000 usd
CY2021Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
32203000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
28000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
28180000 usd
CY2022Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
88383000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
-88383000 usd
foxo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings1
28662000 usd
CY2022Q3 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
28662000 usd
CY2021Q3 us-gaap Cost Of Revenue
CostOfRevenue
31000 usd
CY2022Q3 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
1656000 usd
CY2021Q3 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
2463000 usd
us-gaap Cost Of Revenue
CostOfRevenue
93000 usd
us-gaap Cost Of Revenue
CostOfRevenue
93000 usd
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
5022000 usd
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
5935000 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
14000 usd
CY2022Q3 foxo Interest Expense Earnings
InterestExpenseEarnings
-424000 usd
CY2021Q3 foxo Interest Expense Earnings
InterestExpenseEarnings
-313000 usd
foxo Interest Expense Earnings
InterestExpenseEarnings
-1250000 usd
foxo Interest Expense Earnings
InterestExpenseEarnings
-825000 usd
CY2022Q3 us-gaap Revenues
Revenues
14000 usd
CY2021Q3 us-gaap Revenues
Revenues
31000 usd
CY2022Q3 us-gaap Distributed Earnings
DistributedEarnings
41026000 usd
CY2021Q3 us-gaap Distributed Earnings
DistributedEarnings
27241000 usd
us-gaap Revenues
Revenues
93000 usd
us-gaap Revenues
Revenues
93000 usd
us-gaap Distributed Earnings
DistributedEarnings
76932000 usd
us-gaap Distributed Earnings
DistributedEarnings
37614000 usd
CY2022Q3 foxo Consulting Agreement Expense
ConsultingAgreementExpense
3866000 usd
CY2021Q3 foxo Consulting Agreement Expense
ConsultingAgreementExpense
42000 usd
CY2022Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
74000 usd
CY2021Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
25000 usd
foxo Consulting Agreement Expense
ConsultingAgreementExpense
5556000 usd
foxo Consulting Agreement Expense
ConsultingAgreementExpense
8000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
159000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
71000 usd
CY2022Q3 foxo Changes In Fair Value Of Convertible Debentures Warrant Liability And Forward Purchase Derivative
ChangesInFairValueOfConvertibleDebenturesWarrantLiabilityAndForwardPurchaseDerivative
31010000 usd
CY2021Q3 foxo Changes In Fair Value Of Convertible Debentures Warrant Liability And Forward Purchase Derivative
ChangesInFairValueOfConvertibleDebenturesWarrantLiabilityAndForwardPurchaseDerivative
22571000 usd
CY2022Q3 foxo Excess Stock Shares Issued1
ExcessStockSharesIssued1
shares
foxo Changes In Fair Value Of Convertible Debentures Warrant Liability And Forward Purchase Derivative
ChangesInFairValueOfConvertibleDebenturesWarrantLiabilityAndForwardPurchaseDerivative
55493000 usd
foxo Changes In Fair Value Of Convertible Debentures Warrant Liability And Forward Purchase Derivative
ChangesInFairValueOfConvertibleDebenturesWarrantLiabilityAndForwardPurchaseDerivative
24890000 usd
CY2021Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
usd
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
usd
foxo Longevity Api
LongevityAPI
usd
foxo Purchase Units
PurchaseUnits
10000 shares
us-gaap Derivative Term Of Contract
DerivativeTermOfContract
P3Y
CY2022Q3 us-gaap Purchase Obligation
PurchaseObligation
788 usd
CY2022Q3 foxo Purchase Units
PurchaseUnits
10000 shares
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
849 usd
foxo Enrollment Description
EnrollmentDescription
(i) 20% upon the enrollment of the first patient, (ii) 20% upon the enrollment of the final patient and (iii) 10% upon lab receipt of shipments for all initially planned assays. Costs associated with the clinical trial agreement are being recorded as research and development expenses in the consolidated statements of operations.
foxo Agreement Amount
AgreementAmount
200 usd
CY2022Q3 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
40 usd
CY2021Q3 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
38 usd
us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
119 usd
us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
101 usd
foxo Minimum Of Participants
MinimumOfParticipants
2500 shares
us-gaap Insurance Recoveries
InsuranceRecoveries
200 usd
CY2021Q4 foxo Forward Purchase Collateral
ForwardPurchaseCollateral
usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
usd
CY2021Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
usd
CY2021Q4 foxo Parallel Run Advance
ParallelRunAdvance
usd
CY2021Q4 foxo Forward Purchase Put Derivative
ForwardPurchasePutDerivative
usd
CY2021Q4 foxo Forward Purchase Collateral Derivative
ForwardPurchaseCollateralDerivative
usd
CY2022Q3 us-gaap Convertible Subordinated Debt Current
ConvertibleSubordinatedDebtCurrent
usd
CY2022Q3 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2021Q4 us-gaap Common Stock Value
CommonStockValue
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CY2022Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
usd
CY2022Q3 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
shares
CY2022Q3 us-gaap Treasury Stock Preferred Shares
TreasuryStockPreferredShares
shares
CY2021Q3 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
shares
CY2020Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001812360

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