2023 Q1 Form 10-K Financial Statement
#000121390023024912 Filed on March 31, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $13.00K | $420.0K | $511.0K |
YoY Change | |||
Cost Of Revenue | $13.00K | $340.0K | $511.0K |
YoY Change | -67.5% | 325.83% | |
Gross Profit | $0.00 | $70.00K | $167.0K |
YoY Change | -100.0% | 39.17% | |
Gross Profit Margin | 0.0% | 16.67% | 32.68% |
Selling, General & Admin | $6.332M | $11.60M | $27.20M |
YoY Change | 163.9% | 2114.08% | 1987.63% |
% of Gross Profit | 16571.43% | 16285.03% | |
Research & Development | $309.0K | $890.0K | $3.047M |
YoY Change | -48.59% | 58.93% | -37.55% |
% of Gross Profit | 1271.43% | 1824.55% | |
Depreciation & Amortization | $929.0K | $1.330M | $1.487M |
YoY Change | 2896.77% | 4333.33% | 1417.35% |
% of Gross Profit | 1900.0% | 890.42% | |
Operating Expenses | $7.405M | $22.58M | $40.33M |
YoY Change | 208.61% | 4209.82% | 2996.14% |
Operating Profit | -$7.392M | -$22.51M | -$40.17M |
YoY Change | 62.0% | 167.23% | |
Interest Expense | $225.0K | -$25.52M | $1.440M |
YoY Change | -88.87% | -1632.87% | -75.8% |
% of Operating Profit | |||
Other Income/Expense, Net | $2.081M | -$60.00K | $5.649M |
YoY Change | -4262.0% | -71.43% | -2493.64% |
Pretax Income | -$7.639M | -$48.07M | -$95.26M |
YoY Change | 1926.42% | -4313.23% | -2149.42% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$7.639M | -$48.07M | -$95.26M |
YoY Change | 1926.42% | -4313.23% | -2149.42% |
Net Earnings / Revenue | -58761.54% | -11445.24% | -18640.9% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.28 | -$1.75 | -$3.46 |
COMMON SHARES | |||
Basic Shares Outstanding | 29.56M shares | 31.19M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.160M | $5.520M | $5.520M |
YoY Change | 1017.26% | 764.89% | 764.89% |
Cash & Equivalents | $2.155M | $5.515M | $5.520M |
Short-Term Investments | |||
Other Short-Term Assets | $107.0K | $114.0K | $5.470M |
YoY Change | -31.77% | -51.34% | 2235.01% |
Inventory | $1.302M | $1.313M | $1.310M |
Prepaid Expenses | $2.117M | $2.686M | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $6.276M | $12.30M | $12.30M |
YoY Change | 1692.37% | 1310.22% | 1309.76% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | $1.863M | $2.043M | |
YoY Change | 969.63% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.730M | $21.06M | $21.06M |
YoY Change | -5.18% | ||
Total Long-Term Assets | $3.597M | $23.10M | $23.11M |
YoY Change | -98.21% | -88.52% | -88.52% |
TOTAL ASSETS | |||
Total Short-Term Assets | $6.276M | $12.30M | $12.30M |
Total Long-Term Assets | $3.597M | $23.10M | $23.11M |
Total Assets | $9.873M | $35.41M | $35.41M |
YoY Change | -95.1% | -82.48% | -82.48% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.977M | $3.466M | $3.470M |
YoY Change | 49.86% | 1019.93% | 1021.24% |
Accrued Expenses | $1.212M | $1.045M | $1.540M |
YoY Change | 285.0% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | $3.370M | $1.410M | $1.410M |
YoY Change | |||
Total Short-Term Liabilities | $8.585M | $6.913M | $6.910M |
YoY Change | 291.73% | 2098.21% | 2097.28% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $1.730M | $1.730M |
YoY Change | |||
Other Long-Term Liabilities | $1.320M | $20.06M | $20.06M |
YoY Change | -87.01% | 65.34% | 65.34% |
Total Long-Term Liabilities | $1.320M | $21.79M | $21.79M |
YoY Change | -87.01% | 79.6% | 79.6% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $8.585M | $6.913M | $6.910M |
Total Long-Term Liabilities | $1.320M | $21.79M | $21.79M |
Total Liabilities | $9.903M | $28.70M | $28.70M |
YoY Change | -19.82% | 130.58% | 130.58% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$154.9M | -$147.2M | |
YoY Change | 1171.97% | ||
Common Stock | $3.000K | ||
YoY Change | 4661.9% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | 2.141M shares | ||
Shareholders Equity | -$30.00K | $6.708M | $6.710M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $9.873M | $35.41M | $35.41M |
YoY Change | -95.1% | -82.48% | -82.48% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$7.639M | -$48.07M | -$95.26M |
YoY Change | 1926.42% | -4313.23% | -2149.42% |
Depreciation, Depletion And Amortization | $929.0K | $1.330M | $1.487M |
YoY Change | 2896.77% | 4333.33% | 1417.35% |
Cash From Operating Activities | -$3.360M | -$5.300M | -$23.76M |
YoY Change | 421.01% | 1327.42% | 2948.85% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $140.0K | $110.0K |
YoY Change | -12.5% | -6.78% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | |
YoY Change | |||
Cash From Investing Activities | -$140.0K | -$1.870M | |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | -$30.56M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 500.0K | $24.29M | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -$3.360M | -5.300M | -$23.76M |
Cash From Investing Activities | -140.0K | -$1.870M | |
Cash From Financing Activities | 500.0K | $24.29M | |
Net Change In Cash | -$3.360M | -4.940M | -$1.341M |
YoY Change | 1230.46% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.360M | -$5.300M | -$23.76M |
Capital Expenditures | $0.00 | $140.0K | $110.0K |
Free Cash Flow | -$3.360M | -$5.440M | -$23.87M |
YoY Change | 923.9% | 2560.17% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021 | foxo |
Corporate And Other
CorporateAndOther
|
-30199000 | usd |
CY2022Q4 | foxo |
Undesignated Preferred Stock
UndesignatedPreferredStock
|
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Undesignated Preferred Stock
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|
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Undesignated Preferred Stock Shares Issued
UndesignatedPreferredStockSharesIssued
|
shares | |
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Undesignated Preferred Stock Shares Outstanding
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|
shares | |
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Nonredeemable Preferred Stock
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usd | |
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Common Stock Value1
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usd | |
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Document Type
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10-K | |
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Document Annual Report
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true | |
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Document Period End Date
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2022-12-31 | |
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Current Fiscal Year End Date
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--12-31 | |
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Document Fiscal Year Focus
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2022 | |
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Document Transition Report
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false | |
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Entity File Number
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|
001-39783 | |
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Entity Registrant Name
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FOXO TECHNOLOGIES INC. | |
CY2022 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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DE | |
CY2022 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
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85-1050265 | |
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Entity Address Address Line1
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|
729 N. Washington Ave | |
CY2022 | dei |
Entity Address Address Line2
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Suite 600 | |
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Entity Address City Or Town
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|
Minneapolis | |
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Entity Address State Or Province
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MN | |
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Entity Address Postal Zip Code
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55401 | |
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City Area Code
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|
(612) | |
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Local Phone Number
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562-9447 | |
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Class A Common Stock, par value $0.0001 per share | |
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Trading Symbol
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FOXO | |
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NYSE | |
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No | |
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CY2022 | foxo |
Conversion Of Existing Class A Common Stock
ConversionOfExistingClassACommonStock
|
1000 | usd |
CY2022 | foxo |
Reverse Recapitalization
ReverseRecapitalization
|
19689000 | usd |
CY2022 | foxo |
Net Loss After Business Combination
NetLossAfterBusinessCombination
|
-49818000 | usd |
CY2022 | foxo |
Equitybased Compensations
EquitybasedCompensations
|
10364000 | usd |
CY2022 | foxo |
Cantor Commitement Fee
CantorCommitementFee
|
1600000 | usd |
CY2022 | foxo |
Verndor Shares Issuance
VerndorSharesIssuance
|
376000 | usd |
CY2022 | foxo |
Share Repurchase And Forward Purchase Agreement Settlement
ShareRepurchaseAndForwardPurchaseAgreementSettlement
|
-1156000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6708000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-95255000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-38488000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
1487000 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
98000 | usd |
CY2022 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
1370000 | usd |
CY2021 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
400000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11035000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
131000 | usd |
CY2022 | foxo |
Cantor Commitment Fee
CantorCommitmentFee
|
1600000 | usd |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
270000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
26773000 | usd |
CY2022 | foxo |
Vendor Share Issuance Paid In Common Stock
VendorShareIssuancePaidInCommonStock
|
376000 | usd |
CY2022 | us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
4679000 | usd |
CY2022 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
28180000 | usd |
CY2021 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
21703000 | usd |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2076000 | usd |
CY2022 | foxo |
Conversion Of Accrued Interest
ConversionOfAccruedInterest
|
593000 | usd |
CY2022 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
130000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
91000 | usd |
CY2022 | foxo |
Contributions In The Form Of Rent Payments
ContributionsInTheFormOfRentPayments
|
225000 | usd |
CY2021 | foxo |
Contributions In The Form Of Rent Payments
ContributionsInTheFormOfRentPayments
|
547000 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
28000 | usd |
CY2022 | foxo |
Accretion Of Operating Lease Liabilities
AccretionOfOperatingLeaseLiabilities
|
28000 | usd |
CY2022 | foxo |
Recognition Of Prepaid Offering Costs Upon Election Of Fair Value Option
RecognitionOfPrepaidOfferingCostsUponElectionOfFairValueOption
|
107000 | usd |
CY2021 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
32000 | usd |
CY2022 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
6000 | usd |
CY2021 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
14000 | usd |
CY2022 | us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
1018000 | usd |
CY2021 | us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
295000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2832000 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-117000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
91000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
6000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
100000 | usd |
CY2022 | foxo |
Cloud Computing Arrangements
CloudComputingArrangements
|
1773000 | usd |
CY2021 | foxo |
Cloud Computing Arrangements
CloudComputingArrangements
|
2488000 | usd |
CY2022 | us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
890000 | usd |
CY2021 | us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
305000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
127000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3090000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
2336000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
154000 | usd |
CY2022 | foxo |
Increase Decrease In Policy Reserves
IncreaseDecreaseInPolicyReserves
|
890000 | usd |
CY2021 | foxo |
Increase Decrease In Policy Reserves
IncreaseDecreaseInPolicyReserves
|
305000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-23760000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-15055000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
110000 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
118000 | usd |
CY2021 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
63000 | usd |
CY2022 | us-gaap |
Payments For Software
PaymentsForSoftware
|
1760000 | usd |
CY2021 | us-gaap |
Payments For Software
PaymentsForSoftware
|
124000 | usd |
CY2021 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
50000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1870000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-355000 | usd |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
3250000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
28000000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
7250000 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
|
507000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
3458000 | usd |
CY2022 | foxo |
Reverse Recapitalization Proceeds
ReverseRecapitalizationProceeds
|
23237000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
-30561000 | usd |
CY2022 | foxo |
Forward Purchase Agreement Collateral Release To Meteora
ForwardPurchaseAgreementCollateralReleaseToMeteora
|
2362000 | usd |
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
540000 | usd |
CY2021 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
107000 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1160000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
3750000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
24289000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14143000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1341000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1267000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6856000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8123000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5515000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6856000 | usd |
CY2021 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
54000 | usd |
CY2021 | us-gaap |
Transfer To Investments
TransferToInvestments
|
1000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
88382000 | usd |
CY2022 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
21854000 | usd |
CY2022 | foxo |
Accrued Internal Use Software
AccruedInternalUseSoftware
|
239000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1219000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1131000 | usd |
CY2022 | us-gaap |
Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
|
95255000 | usd |
CY2022 | foxo |
Retained Earning Appropriated
RetainedEarningAppropriated
|
147231000 | usd |
CY2022 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
23760000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
513000 | usd |
CY2022Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
28000000 | usd |
CY2022Q2 | us-gaap |
Convertible Debt
ConvertibleDebt
|
28000000 | usd |
CY2022Q4 | us-gaap |
Other Partners Capital
OtherPartnersCapital
|
300000000 | usd |
CY2022Q4 | foxo |
Longevity Pipeline
LongevityPipeline
|
576000 | usd |
CY2022 | 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 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: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2021Q4 | foxo |
Longevity Pipeline
LongevityPipeline
|
75000 | usd |
CY2022Q4 | foxo |
Underwriting Api
UnderwritingAPI
|
770000 | usd |
CY2021Q4 | foxo |
Underwriting Api
UnderwritingAPI
|
53000 | usd |
CY2021 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
400000 | usd |
CY2022 | us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
100000 | usd |
CY2021 | us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
100000 | usd |
CY2022Q4 | foxo |
Contract Assets
contractAssets
|
200000 | usd |
CY2022Q4 | us-gaap |
Other Restricted Assets Current
OtherRestrictedAssetsCurrent
|
100000 | usd |
CY2022 | foxo |
Other Asset
OtherAsset
|
100000 | usd |
CY2022 | foxo |
Longevity Api
LongevityAPI
|
697000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
2043000 | usd |
CY2021Q4 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
191000 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
511000 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
120000 | usd |
CY2022 | foxo |
Percenatge Of Commissions Earned
PercenatgeOfCommissionsEarned
|
0.80 | pure |
CY2022Q1 | foxo |
Percentage Of Commission And Fee Revenues
PercentageOfCommissionAndFeeRevenues
|
0.15 | pure |
CY2022 | foxo |
Percentage Of Commission And Fee Revenues
PercentageOfCommissionAndFeeRevenues
|
0.05 | pure |
CY2022 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
63000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2225000 | usd |
CY2022 | foxo |
Percentage Of Coinsurance Agreement
PercentageOfCoinsuranceAgreement
|
1 | pure |
CY2021Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
63000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2745000 | usd |
CY2022 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
1307000 | usd |
CY2022 | 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 |
CY2022Q4 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.15 | pure |
CY2022 | foxo |
Interest Percentage
InterestPercentage
|
1150 | usd |
CY2022Q4 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
1409000 | usd |
CY2022 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
130000 | usd |
CY2021Q1 | foxo |
Original Issue Discount
OriginalIssueDiscount
|
0.125 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
|
1.30 | pure |
CY2022 | foxo |
Company Loan Description
CompanyLoanDescription
|
The Company loaned Delwinds $387 per month in June 2022, July 2022, and August 2022 prior to the Closing of the Business Combination. | |
CY2022Q4 | 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 |
CY2022 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
871256 | shares |
CY2022 | us-gaap |
Other Expenses
OtherExpenses
|
5649000 | usd |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
80000 | shares |
CY2022Q4 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0.0001 | |
CY2022Q4 | us-gaap |
Excess Stock Shares Authorized
ExcessStockSharesAuthorized
|
510000000 | shares |
CY2022 | us-gaap |
Preferred Stock Dividends Shares
PreferredStockDividendsShares
|
10000000 | shares |
CY2022Q4 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2022 | 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. | |
CY2022 | us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
300000 | shares |
CY2022 | foxo |
Shares Subject To Equitable Adjustment
SharesSubjectToEquitableAdjustment
|
9200000 | shares |
CY2022 | 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). | |
CY2021 | foxo |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Values
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValues
|
0.59 | |
CY2022 | foxo |
Share Based Compensation Shares Authorized Under Stock Option Plans
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlans
|
2765099 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
17425 | shares |
CY2022 | foxo |
Share Based Compensation Arrangement Additional Stock Options
ShareBasedCompensationArrangementAdditionalStockOptions
|
204181 | shares |
CY2022Q4 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
54000 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P5Y | |
CY2021Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
2828307 | shares |
CY2022 | foxo |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Values
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValues
|
6.51 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
204181 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
15.75 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
14796 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
6.51 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
252593 | shares |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
8.36 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
2765099 | shares |
CY2022 | foxo |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Averages Grant Date Fair Values
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAveragesGrantDateFairValues
|
7.02 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P2Y9M7D | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
2480991 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.7 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P2Y8M1D | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y2M12D | |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P2Y3M18D | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.70 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.943 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0138 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0024 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2022 | foxo |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Values
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValues
|
15.75 | |
CY2022 | foxo |
Research And Development
ResearchAndDevelopment
|
110000 | usd |
CY2021 | foxo |
Research And Development
ResearchAndDevelopment
|
-19000 | usd |
CY2022 | us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
834000 | usd |
CY2021 | us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
150000 | usd |
CY2022 | foxo |
Total Equity Based Compensation Expense
TotalEquityBasedCompensationExpense
|
944000 | usd |
CY2021 | foxo |
Total Equity Based Compensation Expense
TotalEquityBasedCompensationExpense
|
131000 | usd |
CY2022Q4 | us-gaap |
Investment Owned Unrecognized Unrealized Depreciation
InvestmentOwnedUnrecognizedUnrealizedDepreciation
|
1105000 | usd |
CY2022 | foxo |
Purchase Agreement
PurchaseAgreement
|
29135000 | usd |
CY2022 | foxo |
Reset Price Percentage
ResetPricePercentage
|
0.925 | pure |
CY2022Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10 | |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.05 | |
CY2022Q4 | us-gaap |
Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
|
500000 | shares |
CY2022Q4 | foxo |
Fair Value Additional Expanse
FairValueAdditionalExpanse
|
270000 | usd |
CY2022 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
4348000 | shares |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-95255000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-38488000 | usd |
CY2021Q4 | us-gaap |
Treasury Stock Preferred Shares
TreasuryStockPreferredShares
|
4646698 | shares |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
10378750 | shares |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
1905853 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
1905853 | shares |
CY2022Q4 | foxo |
Assumed Option Shares
AssumedOptionShares
|
2965500 | shares |
CY2021Q4 | foxo |
Assumed Option Shares
AssumedOptionShares
|
2965500 | shares |
CY2022Q4 | foxo |
Total Antidilutive Shares
TotalAntidilutiveShares
|
15250103 | shares |
CY2021Q4 | foxo |
Total Antidilutive Shares
TotalAntidilutiveShares
|
16277693 | shares |
CY2022Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
311000 | usd |
CY2021Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
32203000 | usd |
CY2021 | us-gaap |
Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
|
0.52 | pure |
CY2021Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
10500000 | usd |
CY2021 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
21703000 | usd |
CY2021Q4 | us-gaap |
Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
|
32203000 | usd |
CY2022Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
28000000 | usd |
CY2022 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
28180000 | usd |
CY2022Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
88383000 | usd |
CY2022 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
|
-88383000 | usd |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
9767000 | usd |
CY2021 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
3372000 | usd |
CY2022 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
4054000 | usd |
CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
1613000 | usd |
CY2022 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
13821000 | usd |
CY2021 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
4985000 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
13821000 | usd |
CY2021Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
4985000 | usd |
CY2022 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
51334000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.09 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.07 | pure |
CY2022 | foxo |
Effective Income Tax Rate Fair Value Adjustments On Convertible Debentures
EffectiveIncomeTaxRateFairValueAdjustmentsOnConvertibleDebentures
|
-0.071 | pure |
CY2021 | foxo |
Effective Income Tax Rate Fair Value Adjustments On Convertible Debentures
EffectiveIncomeTaxRateFairValueAdjustmentsOnConvertibleDebentures
|
-0.149 | pure |
CY2022 | foxo |
Forward Purchase Agreement Percent
ForwardPurchaseAgreementPercent
|
-0.085 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.001 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.001 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
-0.145 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
-0.13 | pure |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
3817000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
38000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
17193000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
7885000 | usd |
CY2022Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
1270000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
7000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
130000 | usd |
CY2021 | foxo |
Deferred Tax Assests Issuance Fees On Convertible Debentures
DeferredTaxAssestsIssuanceFeesOnConvertibleDebentures
|
25000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
22287000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
8078000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
21837000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
8027000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
450000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
51000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
450000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
51000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
450000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
51000 | usd |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
59688000 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
1642000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
58046000 | usd |
CY2022 | us-gaap |
Business Combination Price Of Acquisition Expected
BusinessCombinationPriceOfAcquisitionExpected
|
1155000 | usd |
CY2022 | us-gaap |
Assets Fair Value Adjustment
AssetsFairValueAdjustment
|
63000 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
1092000 | usd |
CY2022 | foxo |
Reinsure Policies
ReinsurePolicies
|
1 | pure |
CY2022 | foxo |
Reinsured Business Percentage
ReinsuredBusinessPercentage
|
1 | pure |
CY2022Q4 | foxo |
Policy Reserves
PolicyReserves
|
18573000 | usd |
CY2021Q4 | foxo |
Policy Reserves
PolicyReserves
|
19463000 | usd |
CY2022 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
362000 | usd |
CY2022 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
1349000 | usd |
CY2021 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
108000 | usd |
CY2021 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
523000 | usd |
CY2022Q4 | us-gaap |
Statutory Accounting Practices Statutory Capital And Surplus Balance
StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance
|
5000000 | usd |
CY2022 | foxo |
Riskbased Capital Percentage
RiskbasedCapitalPercentage
|
3.01 | pure |
CY2022Q4 | us-gaap |
Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
|
5000000 | usd |
CY2022 | us-gaap |
Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
|
1 | pure |
CY2022 | foxo |
Statutory Net Loss
StatutoryNetLoss
|
105000 | usd |
CY2021 | foxo |
Statutory Net Loss
StatutoryNetLoss
|
29000 | usd |
CY2022Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
62000 | usd |
CY2021Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
65000 | usd |
CY2022Q4 | us-gaap |
Liability For Future Policy Benefits Life
LiabilityForFuturePolicyBenefitsLife
|
14246000 | usd |
CY2021Q4 | us-gaap |
Liability For Future Policy Benefits Life
LiabilityForFuturePolicyBenefitsLife
|
14746000 | usd |
CY2021Q4 | us-gaap |
Deposit Contracts Liabilities
DepositContractsLiabilities
|
4717000 | usd |
CY2020Q4 | us-gaap |
Deposit Contracts Liabilities
DepositContractsLiabilities
|
4816000 | usd |
CY2022 | foxo |
Deposits Received
DepositsReceived
|
7000 | usd |
CY2021 | foxo |
Deposits Received
DepositsReceived
|
3000 | usd |
CY2022 | us-gaap |
Interest Credited To Policy Owner Account
InterestCreditedToPolicyOwnerAccount
|
139000 | usd |
CY2021 | us-gaap |
Interest Credited To Policy Owner Account
InterestCreditedToPolicyOwnerAccount
|
87000 | usd |
CY2022 | foxo |
Withdrawals
Withdrawals
|
-536000 | usd |
CY2021 | foxo |
Withdrawals
Withdrawals
|
-189000 | usd |
CY2022Q4 | us-gaap |
Deposit Contracts Liabilities
DepositContractsLiabilities
|
4327000 | usd |
CY2021Q4 | us-gaap |
Deposit Contracts Liabilities
DepositContractsLiabilities
|
4717000 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
511000 | usd |
CY2021 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
120000 | usd |
CY2022 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
6504000 | usd |
CY2021 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
7171000 | usd |
CY2022 | foxo |
Corporate And Other
CorporateAndOther
|
-87311000 | usd |
CY2022 | foxo |
Interest Expense Earnings
InterestExpenseEarnings
|
-1440000 | usd |
CY2021 | foxo |
Interest Expense Earnings
InterestExpenseEarnings
|
-1118000 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
511000 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
120000 | usd |
CY2022 | us-gaap |
Distributed Earnings
DistributedEarnings
|
95255000 | usd |
CY2021 | us-gaap |
Distributed Earnings
DistributedEarnings
|
38488000 | usd |
CY2022 | foxo |
Consulting Agreement Expense
ConsultingAgreementExpense
|
17708000 | usd |
CY2022 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
1487000 | usd |
CY2022 | foxo |
Changes In Fair Value Of Convertible Debentures Warrant Liability And Forward Purchase Derivative
ChangesInFairValueOfConvertibleDebenturesWarrantLiabilityAndForwardPurchaseDerivative
|
26104000 | usd |
CY2022 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
1307000 | usd |
CY2022 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
27544000 | usd |
CY2021 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
131000 | usd |
CY2021 | foxo |
Change In Fair Value Of Convertible Debentures
ChangeInFairValueOfConvertibleDebentures
|
98000 | usd |
CY2021 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
21703000 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
400000 | usd |
CY2022 | foxo |
Purchase Units
PurchaseUnits
|
10000 | shares |
CY2022 | foxo |
Supply Commitment Remaining
SupplyCommitmentRemaining
|
3000 | shares |
CY2022Q4 | us-gaap |
Significant Supply Commitment Remaining Minimum Amount Committed
SignificantSupplyCommitmentRemainingMinimumAmountCommitted
|
92000 | usd |
CY2022Q4 | us-gaap |
Purchase Obligation
PurchaseObligation
|
146000 | usd |
CY2022 | foxo |
Outstanding Balance Percentage
OutstandingBalancePercentage
|
0.125 | pure |
CY2022 | us-gaap |
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
|
6207000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Severance Payments
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsSeverancePayments
|
576000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
999000 | usd |
CY2022 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
8695000 | usd |
CY2022Q4 | us-gaap |
Shares Issued
SharesIssued
|
50000 | shares |
CY2022 | us-gaap |
Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
|
The Company is responsible for payments up to $849 related to the agreement, half of which was paid upon contract execution during the second quarter of 2022. Remaining payments are due as follows: (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. In addition to the $424 payment upon execution, the Company incurred $272 of other costs related to VECTOR. Costs associated with the clinical trial agreement are being recorded as research and development expenses in the consolidated statements of operations. | |
CY2022 | us-gaap |
Reinsurance Retention Excess Retention Amount Reinsured Per Life
ReinsuranceRetentionExcessRetentionAmountReinsuredPerLife
|
200000 | usd |
CY2021Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
usd | |
CY2021Q4 | us-gaap |
Notes Payable
NotesPayable
|
usd | |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
usd | |
CY2022Q4 | us-gaap |
Convertible Subordinated Debt Current
ConvertibleSubordinatedDebtCurrent
|
usd | |
CY2022Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
usd | |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
usd | |
CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
usd | |
CY2021Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
usd | |
CY2022Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
CY2021Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
CY2022Q4 | foxo |
Common Stock Value2
CommonStockValue2
|
usd | |
CY2021 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
usd | |
CY2021 | foxo |
Management Contingent Share Plans
ManagementContingentSharePlans
|
usd | |
CY2021 | foxo |
Change In Fair Value Of Forward Purchase Collateral Derivative
ChangeInFairValueOfForwardPurchaseCollateralDerivative
|
usd | |
CY2021 | foxo |
Forward Purchase Agreement Expenses
ForwardPurchaseAgreementExpenses
|
usd | |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
usd | |
CY2022 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
usd | |
CY2021 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
usd | |
CY2021 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
usd | |
CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | |
CY2022 | foxo |
Conversion Of Class B Common Stock
ConversionOfClassBCommonStock
|
usd | |
CY2021 | foxo |
Cantor Commitment Fee
CantorCommitmentFee
|
usd | |
CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
usd | |
CY2021 | foxo |
Vendor Share Issuance Paid In Common Stock
VendorShareIssuancePaidInCommonStock
|
usd | |
CY2021 | us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
usd | |
CY2021 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
CY2021 | foxo |
Conversion Of Accrued Interest
ConversionOfAccruedInterest
|
usd | |
CY2021 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
usd | |
CY2021 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
usd | |
CY2021 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
usd | |
CY2021 | foxo |
Accretion Of Operating Lease Liabilities
AccretionOfOperatingLeaseLiabilities
|
usd | |
CY2021 | foxo |
Recognition Of Prepaid Offering Costs Upon Election Of Fair Value Option
RecognitionOfPrepaidOfferingCostsUponElectionOfFairValueOption
|
usd | |
CY2022 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
usd | |
CY2022 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
usd | |
CY2022 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
usd | |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2021 | us-gaap |
Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
|
usd | |
CY2021 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
usd | |
CY2021 | foxo |
Reverse Recapitalization Proceeds
ReverseRecapitalizationProceeds
|
usd | |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2021 | foxo |
Forward Purchase Agreement Collateral Release To Meteora
ForwardPurchaseAgreementCollateralReleaseToMeteora
|
usd | |
CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2022 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
usd | |
CY2022 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
usd | |
CY2022 | us-gaap |
Transfer To Investments
TransferToInvestments
|
usd | |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
usd | |
CY2021 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
usd | |
CY2021 | foxo |
Accrued Internal Use Software
AccruedInternalUseSoftware
|
usd | |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
usd | |
CY2021 | foxo |
Longevity Api
LongevityAPI
|
usd | |
CY2022Q4 | foxo |
Excess Stock Shares Issued1
ExcessStockSharesIssued1
|
shares | |
CY2022Q4 | us-gaap |
Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
|
shares | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
usd | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
usd | |
CY2022Q4 | us-gaap |
Treasury Stock Preferred Shares
TreasuryStockPreferredShares
|
shares | |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
shares | |
CY2022 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
usd | |
CY2021 | foxo |
Forward Purchase Agreement Percent
ForwardPurchaseAgreementPercent
|
pure | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
CY2021Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
usd | |
CY2022 | foxo |
Deferred Tax Assests Issuance Fees On Convertible Debentures
DeferredTaxAssestsIssuanceFeesOnConvertibleDebentures
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001812360 |