2022 Q4 Form 10-Q Financial Statement
#000121390022074296 Filed on November 21, 2022
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
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-39783 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
FOXO TECHNOLOGIES INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
85-1050265 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
729 N. Washington Ave | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 600 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Minneapolis | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
MN | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
55401 | ||
dei |
City Area Code
CityAreaCode
|
(612) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
562-9447 | ||
dei |
Security12b Title
Security12bTitle
|
Class A Common Stock, par value $0.0001 | ||
dei |
Trading Symbol
TradingSymbol
|
FOXO | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NYSE | ||
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Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
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Entity Interactive Data Current
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Yes | ||
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Entity Filer Category
EntityFilerCategory
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Non-accelerated Filer | ||
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Entity Small Business
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|
3750000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
13000 | usd | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-24619000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-54002000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-9531000 | usd |
CY2022Q3 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
211000 | usd |
CY2022Q3 | foxo |
Conversion Of Bridge Loans
ConversionOfBridgeLoans
|
88975000 | usd |
CY2022Q3 | foxo |
Conversion Of Existing Class A Common Stock
ConversionOfExistingClassACommonStock
|
1000 | usd |
CY2022Q3 | foxo |
Reverse Recapitalization
ReverseRecapitalization
|
19678000 | usd |
CY2022Q3 | foxo |
Net Loss After Business Combination
NetLossAfterBusinessCombination
|
-31495000 | usd |
CY2022Q3 | foxo |
Equitybased Compensation
EquitybasedCompensation
|
330000 | usd |
CY2022Q3 | foxo |
Cantor Commitement Fee
CantorCommitementFee
|
1600000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15767000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-25220000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-45437000 | usd | |
foxo |
Lease Contributions
LeaseContributions
|
225000 | usd | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
717000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
-507000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6900000 | usd | |
foxo |
Conversion Of Bridge Loans
ConversionOfBridgeLoans
|
88975000 | usd | |
foxo |
Conversion Of Existing Class A Common Stock
ConversionOfExistingClassACommonStock
|
1000 | usd | |
foxo |
Reverse Recapitalization
ReverseRecapitalization
|
19678000 | usd | |
foxo |
Net Loss After Business Combination
NetLossAfterBusinessCombination
|
-31495000 | usd | |
foxo |
Equitybased Compensation
EquitybasedCompensation
|
330000 | usd | |
foxo |
Cantor Commitement Fee
CantorCommitementFee
|
1600000 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15767000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-76932000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-37614000 | usd | |
us-gaap |
Depreciation
Depreciation
|
159000 | usd | |
us-gaap |
Depreciation
Depreciation
|
71000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1002000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8000 | usd | |
foxo |
Cantor Commitment Fee
CantorCommitmentFee
|
1600000 | usd | |
us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
2954000 | usd | |
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
28180000 | usd | |
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
24890000 | usd | |
foxo |
Increase Decrease In Fair Value Of Forward Purchase Agreement Collateral Derivative
IncreaseDecreaseInFairValueOfForwardPurchaseAgreementCollateralDerivative
|
27378000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-1349000 | usd | |
foxo |
Change In Fair Value Of Forward Purchase Agreement Derivative
ChangeInFairValueOfForwardPurchaseAgreementDerivative
|
1284000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2309000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6856000 | usd |
foxo |
Conversion Of Accrued Interest
ConversionOfAccruedInterest
|
593000 | usd | |
foxo |
Contributions In The Form Of Rent Payments
ContributionsInTheFormOfRentPayments
|
225000 | usd | |
foxo |
Contributions In The Form Of Rent Payments
ContributionsInTheFormOfRentPayments
|
410000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
20000 | usd | |
foxo |
Accretion Of Operating Lease Liabilities
AccretionOfOperatingLeaseLiabilities
|
20000 | usd | |
foxo |
Recognition Of Prepaid Offering Costs Upon Election Of Fair Value Option
RecognitionOfPrepaidOfferingCostsUponElectionOfFairValueOption
|
107000 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
26000 | usd | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
13000 | usd | |
us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
1762000 | usd | |
us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
296000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1002000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-55000 | usd | |
foxo |
Cloud Computing Arrangements
CloudComputingArrangements
|
1941000 | usd | |
foxo |
Cloud Computing Arrangements
CloudComputingArrangements
|
1701000 | usd | |
us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
709000 | usd | |
us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
88000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-489000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2247000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
761000 | usd | |
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
|
-19232000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11746000 | usd | |
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 | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
1622000 | usd | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
9000 | usd | |
us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
50000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1730000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-195000 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
3250000 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
28000000 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
7250000 | usd | |
us-gaap |
Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
|
507000 | usd | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
3458000 | usd | |
foxo |
Reverse Recapitalization Proceeds
ReverseRecapitalizationProceeds
|
23226000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
29135000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
484000 | usd | |
foxo |
Forward Purchase Agreement Collateral Release To Meteora
ForwardPurchaseAgreementCollateralReleaseToMeteora
|
733000 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
539000 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1160000 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
3750000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
24560000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14250000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3598000 | usd | |
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
ConversionOfStockAmountConverted1
|
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
|
-76932000 | usd | |
foxo |
Retained Earning Appropriated
RetainedEarningAppropriated
|
128908000 | usd | |
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
|
5453000 | usd |
CY2022Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
28000000 | usd |
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
|
usd | ||
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
|
usd | |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
usd | |
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 |