2023 Q3 Form 10-Q Financial Statement
#000121390023065707 Filed on August 10, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
Revenue | $10.00K | $12.00K | $0.00 |
YoY Change | -28.57% | ||
Cost Of Revenue | $70.00K | $12.00K | $39.00K |
YoY Change | 400.0% | -69.23% | |
Gross Profit | -$60.00K | $0.00 | -$39.00K |
YoY Change | -100.0% | ||
Gross Profit Margin | -600.0% | 0.0% | |
Selling, General & Admin | $4.717M | $4.003M | $1.174M |
YoY Change | -42.96% | 240.95% | 478.01% |
% of Gross Profit | |||
Research & Development | $283.0K | $333.0K | $1.001M |
YoY Change | -49.28% | -66.73% | |
% of Gross Profit | |||
Depreciation & Amortization | $75.00K | $250.0K | $90.00K |
YoY Change | 7.14% | 177.78% | 80.0% |
% of Gross Profit | |||
Operating Expenses | $3.447M | $7.617M | $1.174M |
YoY Change | -60.95% | 548.77% | 478.01% |
Operating Profit | -$3.507M | -$7.605M | -$1.174M |
YoY Change | -60.21% | 547.75% | 478.02% |
Interest Expense | $148.0K | $492.0K | $1.042M |
YoY Change | -65.09% | -52.77% | -162.97% |
% of Operating Profit | |||
Other Income/Expense, Net | -$41.00K | $117.0K | -$54.00K |
YoY Change | -94.74% | -316.67% | |
Pretax Income | -$3.660M | -$11.29M | -$132.3K |
YoY Change | -91.08% | 8436.86% | -92.88% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$3.660M | -$11.29M | -$132.3K |
YoY Change | -91.08% | 8438.94% | -92.88% |
Net Earnings / Revenue | -36600.0% | -94108.33% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.75 | -$0.49 | -$5.659K |
COMMON SHARES | |||
Basic Shares Outstanding | 51.98M shares | 27.17M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $42.00K | $220.0K | $147.0K |
YoY Change | -99.6% | 49.64% | -87.37% |
Cash & Equivalents | $42.00K | $215.0K | $147.0K |
Short-Term Investments | |||
Other Short-Term Assets | $106.0K | $105.0K | $126.1K |
YoY Change | 430.0% | -16.71% | -60.63% |
Inventory | $1.131M | $1.300M | $1.200M |
Prepaid Expenses | $126.1K | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $2.585M | $3.328M | $273.1K |
YoY Change | -85.48% | 1118.65% | -81.6% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $180.0K | ||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | $477.0K | ||
YoY Change | |||
Long-Term Investments | $110.9M | ||
YoY Change | -44.91% | ||
Other Assets | $118.0K | $240.0K | $23.00M |
YoY Change | -99.5% | -98.96% | |
Total Long-Term Assets | $546.0K | $719.0K | $110.9M |
YoY Change | -98.98% | -99.35% | -44.91% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.585M | $3.328M | $273.1K |
Total Long-Term Assets | $546.0K | $719.0K | $110.9M |
Total Assets | $3.131M | $4.047M | $111.2M |
YoY Change | -95.62% | -96.36% | -45.18% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.816M | $4.021M | $2.576M |
YoY Change | 77.97% | 56.09% | 7173.11% |
Accrued Expenses | $1.528M | $1.399M | $740.0K |
YoY Change | 205.6% | 89.05% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $946.7K |
YoY Change | -100.0% | ||
Long-Term Debt Due | $4.006M | $3.860M | |
YoY Change | |||
Total Short-Term Liabilities | $13.52M | $10.16M | $3.528M |
YoY Change | -59.06% | 187.94% | 8627.86% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $718.0K | $920.0K | $5.203M |
YoY Change | -96.59% | -82.32% | -64.17% |
Total Long-Term Liabilities | $718.0K | $920.0K | $5.203M |
YoY Change | -97.01% | -82.32% | -64.17% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $13.52M | $10.16M | $3.528M |
Total Long-Term Liabilities | $718.0K | $920.0K | $5.203M |
Total Liabilities | $14.23M | $11.08M | $8.730M |
YoY Change | -74.46% | 26.88% | -40.04% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$172.3M | -$168.6M | -$8.458M |
YoY Change | 33.65% | 1893.76% | |
Common Stock | $6.000K | $5.000K | $63.00 |
YoY Change | 100.0% | 7836.51% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$11.10M | -$7.030M | -$8.457M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.131M | $4.047M | $111.2M |
YoY Change | -95.62% | -96.36% | -45.18% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.660M | -$11.29M | -$132.3K |
YoY Change | -91.08% | 8438.94% | -92.88% |
Depreciation, Depletion And Amortization | $75.00K | $250.0K | $90.00K |
YoY Change | 7.14% | 177.78% | 80.0% |
Cash From Operating Activities | -$865.0K | -$1.940M | -$553.7K |
YoY Change | -79.74% | 250.34% | 286.2% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $1.260M |
YoY Change | -100.0% | -100.0% | 4100.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $90.55M | ||
YoY Change | -181205.66% | ||
Cash From Investing Activities | $0.00 | $0.00 | $90.55M |
YoY Change | -100.0% | -100.0% | -113291.04% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 692.0K | 0.000 | -90.05M |
YoY Change | -120.97% | -100.0% | -792.66% |
NET CHANGE | |||
Cash From Operating Activities | -865.0K | -1.940M | -553.7K |
Cash From Investing Activities | 0.000 | 0.000 | 90.55M |
Cash From Financing Activities | 692.0K | 0.000 | -90.05M |
Net Change In Cash | -173.0K | -1.940M | -46.30K |
YoY Change | -97.85% | 4090.06% | -67.71% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$865.0K | -$1.940M | -$553.7K |
Capital Expenditures | $0.00 | $0.00 | $1.260M |
Free Cash Flow | -$865.0K | -$1.940M | -$1.814M |
YoY Change | -81.75% | 6.96% | 946.11% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
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Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
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Document Period End Date
DocumentPeriodEndDate
|
2023-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
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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
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729 N | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
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Washington Ave | ||
dei |
Entity Address Address Line3
EntityAddressAddressLine3
|
Suite 600 | ||
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Entity Address City Or Town
EntityAddressCityOrTown
|
Minneapolis | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
MN | ||
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Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
55401 | ||
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City Area Code
CityAreaCode
|
(612) | ||
dei |
Local Phone Number
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562-9447 | ||
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Security12b Title
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|
Class A Common Stock, par value $0.0001 | ||
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Trading Symbol
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FOXO | ||
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Security Exchange Name
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NYSE | ||
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Yes | ||
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Non-accelerated Filer | ||
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Income Loss Attributable To Parent
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Income Loss Attributable To Parent
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|
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Preferred Stock Dividends And Other Adjustments
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Net Income Loss Available To Common Stockholders Basic
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Stock Issued During Period Value New Issues
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|
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|
255000 | usd |
CY2022Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
507000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
6900000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-54002000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-25220000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-35906000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
225000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
506000 | usd | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
507000 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
6900000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-54002000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-30000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-13759000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
772000 | usd |
CY2023Q2 | foxo |
Debenture
Debenture
|
2181000 | usd |
CY2023Q2 | foxo |
Stock Redeemed Or Called During Period Value Note Amendment
StockRedeemedOrCalledDuringPeriodValueNoteAmendment
|
1339000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
2467000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7030000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6708000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-21398000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
1673000 | usd | |
foxo |
Debenture
Debenture
|
2181000 | usd | |
foxo |
Stock Redeemed Or Called During Period Value Note Amendment
StockRedeemedOrCalledDuringPeriodValueNoteAmendment
|
1339000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
2467000 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7030000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-18932000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-35906000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1176000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
86000 | usd | |
foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
3521000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1673000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
461000 | usd | |
foxo |
Amortization Of Consulting Fees Paid In Common Stock
AmortizationOfConsultingFeesPaidInCommonStock
|
2221000 | usd | |
foxo |
Amortization Of Consulting Fees Paid In Common Stock
AmortizationOfConsultingFeesPaidInCommonStock
|
1486000 | usd | |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
2633000 | usd | |
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
24483000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-208000 | usd | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
275000 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
448000 | usd | |
foxo |
Contributions In The Form Of Rent Payments
ContributionsInTheFormOfRentPayments
|
225000 | usd | |
foxo |
Recognition Of Prepaid Offering Costs Upon Election Of Fair Value Option
RecognitionOfPrepaidOfferingCostsUponElectionOfFairValueOption
|
107000 | usd | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-1000 | usd | |
us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
-11000 | usd | |
us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
903000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1435000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1632000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-9000 | usd | |
foxo |
Cloud Computing Arrangements
CloudComputingArrangements
|
1298000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
555000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1646000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-116000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
350000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5300000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-14187000 | usd | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
83000 | usd | |
foxo |
Accrued Internal Use Software
AccruedInternalUseSoftware
|
-1177000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1260000 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
28000000 | usd | |
foxo |
Repayment Of Warrant Repurchase
RepaymentOfWarrantRepurchase
|
507000 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
387000 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
19000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
27087000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5300000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
11640000 | 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 |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
215000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18496000 | usd |
foxo |
Debenture Release
DebentureRelease
|
2181000 | usd | |
foxo |
Pik Note Amendment
PIKNoteAmendment
|
1339000 | usd | |
foxo |
Exchange Offer
ExchangeOffer
|
2466000 | usd | |
CY2023Q2 | us-gaap |
Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
|
11293000 | usd |
us-gaap |
Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
|
18932000 | usd | |
foxo |
Retained Earning Appropriated
RetainedEarningAppropriated
|
168629000 | usd | |
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
5300000 | usd | |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
215000 | usd |
CY2022Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
28000000 | usd |
CY2022Q2 | us-gaap |
Convertible Debt
ConvertibleDebt
|
28000000 | usd |
CY2023Q2 | us-gaap |
Other Partners Capital
OtherPartnersCapital
|
300000000 | usd |
CY2023Q2 | foxo |
Longevity Pipeline
LongevityPipeline
|
592000 | usd |
CY2022Q4 | foxo |
Longevity Pipeline
LongevityPipeline
|
592000 | usd |
CY2023Q2 | foxo |
Underwriting Api
UnderwritingAPI
|
840000 | usd |
CY2022Q4 | foxo |
Underwriting Api
UnderwritingAPI
|
840000 | usd |
foxo |
Longevity Api
LongevityAPI
|
717000 | usd | |
CY2022 | foxo |
Longevity Api
LongevityAPI
|
717000 | usd |
CY2023Q2 | foxo |
Less Accumulated Amortization
LessAccumulatedAmortization
|
1672000 | usd |
CY2022Q4 | foxo |
Less Accumulated Amortization
LessAccumulatedAmortization
|
106000 | usd |
CY2023Q2 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
477000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
2043000 | usd |
CY2023Q2 | foxo |
Less Accumulated Amortizations
LessAccumulatedAmortizations
|
2966000 | usd |
CY2022Q4 | foxo |
Less Accumulated Amortizations
LessAccumulatedAmortizations
|
741000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2225000 | usd |
CY2022Q2 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1486000 | usd |
us-gaap |
Treasury Stock Shares Retired
TreasuryStockSharesRetired
|
80000 | shares | |
CY2023Q2 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0.0001 | |
CY2023Q2 | us-gaap |
Excess Stock Shares Authorized
ExcessStockSharesAuthorized
|
510000000 | shares |
CY2023Q2 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
237000 | usd |
us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
1159000 | usd | |
CY2023Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
1425000 | usd |
CY2023Q2 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
2633000 | usd |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
2633000 | usd | |
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 |
CY2023Q2 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.15 | pure |
foxo |
Interest Rate
InterestRate
|
1150 | ||
CY2023Q2 | foxo |
Senior Promissory Notes Percentage
SeniorPromissoryNotesPercentage
|
0.15 | pure |
CY2023Q2 | foxo |
Principal Amount
PrincipalAmount
|
1 | usd |
us-gaap |
Debt Instrument Convertible Type Of Equity Security
DebtInstrumentConvertibleTypeOfEquitySecurity
|
(i) the issuance of shares of Class A Common Stock in connection with the PIK Offer Note Offer to Amend, (ii) the issuance of shares of Class A Common Stock in connection with the Exchange Offer (as defined in Note 7), (iii) the issuance of shares of Class A Common Stock or Common Stock Equivalents (as defined in the PIK Note Purchase Agreement) in connection with the 2022 Bridge Debenture Release (as defined in Note 7), (iv) the issuance of shares of Class A Common Stock or Common Stock Equivalents (as defined in the PIK Note Purchase Agreement) in (a) a private placement of the Company’s equity, equity-linked or debt securities resulting in gross proceeds to the Company no greater than $5 million (a “Private Placement”) and/or (b) a registered offering of the Company’s equity, equity-linked or debt securities resulting in gross proceeds to the Company no greater than $20 million (a “Public Financing”); provided that (A) the proceeds of a Private Placement resulting in gross proceeds to the Company of at least $2 million are used by the Company to prepay not less than 25% of the Outstanding Principal Balance (as defined in the Senior PIK Notes) as of the date of prepayment on a pro rata basis upon the closing of such Private Placement, and (B) the proceeds of a Public Financing resulting in gross proceeds to the Company of at least $10 million are used by the Company to prepay all of the Outstanding Principal Balance as of the date of prepayment upon the closing of such Public Financing, and (v) the issuance of shares of Class A Common Stock or Common Stock Equivalents (as defined in the PIK Note Purchase Agreement) as Private Placement Additional Consideration (as defined below) (collectively, the “PIK Note Amendment”). | ||
us-gaap |
Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
|
1339000 | usd | |
CY2023Q2 | us-gaap |
Percentage Of Unamortized Film Costs
PercentageOfUnamortizedFilmCosts
|
0.10 | pure |
foxo |
Recognized Realted Expense
RecognizedRealtedExpense
|
1596000 | usd | |
CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
256000 | usd |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1339000 | usd | |
CY2023Q2 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
3861000 | usd |
CY2023Q2 | foxo |
Amortization Of Debt
AmortizationOfDebt
|
140000 | usd |
foxo |
Amortization Of Debt
AmortizationOfDebt
|
275000 | usd | |
CY2023Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
354000 | usd |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
448000 | usd | |
CY2023Q2 | foxo |
Contract Related Interest Expense
ContractRelatedInterestExpense
|
627000 | usd |
foxo |
Contract Related Interest Expense
ContractRelatedInterestExpense
|
1034000 | usd | |
CY2023Q2 | us-gaap |
Bridge Loan
BridgeLoan
|
201000 | usd |
CY2023Q2 | foxo |
Related Party Payable
RelatedPartyPayable
|
500000 | usd |
CY2022Q2 | foxo |
Agreement Term Period
AgreementTermPeriod
|
P12M | |
CY2022Q2 | foxo |
Exchange Fees1
ExchangeFees1
|
1425000 | usd |
us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
871256 | shares | |
CY2023Q2 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
595000 | usd |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
2676000 | usd | |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1486000 | usd | |
us-gaap |
Preferred Stock Dividends Shares
PreferredStockDividendsShares
|
10000000 | shares | |
CY2023Q2 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
foxo |
Warrants Description
WarrantsDescription
|
●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. | ||
CY2023Q3 | us-gaap |
Shares Issued
SharesIssued
|
1905853 | shares |
CY2023Q2 | foxo |
Warrants Shares Received
WarrantsSharesReceived
|
4.83 | shares |
CY2023Q2 | foxo |
Warrants Of Aggregate Shares
WarrantsOfAggregateShares
|
1647201 | shares |
us-gaap |
Dividend Income Operating Paid In Cash
DividendIncomeOperatingPaidInCash
|
2466 | usd | |
CY2023Q2 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
258652 | usd |
CY2023Q2 | foxo |
Percentage Of Discount Convertible Debentures
PercentageOfDiscountConvertibleDebentures
|
0.10 | pure |
us-gaap |
Investment Company Redemption Fee Per Share
InvestmentCompanyRedemptionFeePerShare
|
0.67 | ||
CY2023Q2 | foxo |
Subscription Amount
SubscriptionAmount
|
1 | usd |
us-gaap |
Debtor Reorganization Items Other Expense Income
DebtorReorganizationItemsOtherExpenseIncome
|
2181 | usd | |
us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
3987000 | shares | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11293000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-23539000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-18932000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-35906000 | usd | |
CY2023Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-2466000 | usd |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-2466000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-13759000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-23539000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-21398000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-35906000 | usd | |
CY2022Q2 | us-gaap |
Treasury Stock Preferred Shares
TreasuryStockPreferredShares
|
4646698 | shares |
CY2023Q2 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
10378750 | shares |
CY2023Q2 | foxo |
Assumed Warrants
AssumedWarrants
|
258652 | shares |
CY2022Q2 | foxo |
Assumed Warrants
AssumedWarrants
|
1905853 | shares |
CY2023Q2 | foxo |
Assumed Option Shares
AssumedOptionShares
|
2239881 | shares |
CY2022Q2 | foxo |
Assumed Option Shares
AssumedOptionShares
|
2965500 | shares |
CY2023Q2 | foxo |
Total Antidilutive Shares
TotalAntidilutiveShares
|
12877283 | shares |
CY2022Q2 | foxo |
Total Antidilutive Shares
TotalAntidilutiveShares
|
24088202 | shares |
CY2023Q2 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
104000 | usd |
CY2022Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
311000 | usd |
CY2023Q1 | us-gaap |
Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
|
5002000 | usd |
CY2023Q1 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
51000 | usd |
CY2023Q1 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
251000 | usd |
CY2023Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
4751000 | usd |
CY2023Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
12000 | usd |
CY2022Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
39000 | usd |
CY2023Q2 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
557000 | usd |
CY2022Q2 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
2057000 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
25000 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
79000 | usd | |
us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
1494000 | usd | |
us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
3364000 | usd | |
CY2023Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2633000 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2633000 | usd | |
CY2023Q2 | foxo |
Stock Issuances
StockIssuances
|
-3521000 | usd |
foxo |
Stock Issuances
StockIssuances
|
-3521000 | usd | |
CY2023Q2 | foxo |
Corporate And Other
CorporateAndOther
|
4090000 | usd |
CY2022Q2 | foxo |
Corporate And Other
CorporateAndOther
|
20978000 | usd |
foxo |
Corporate And Other
CorporateAndOther
|
10567000 | usd | |
foxo |
Corporate And Other
CorporateAndOther
|
31716000 | usd | |
CY2023Q2 | foxo |
Interest Expense Earnings
InterestExpenseEarnings
|
492000 | usd |
CY2022Q2 | foxo |
Interest Expense Earnings
InterestExpenseEarnings
|
504000 | usd |
foxo |
Interest Expense Earnings
InterestExpenseEarnings
|
717000 | usd | |
foxo |
Interest Expense Earnings
InterestExpenseEarnings
|
826000 | usd | |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
12000 | usd |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
39000 | usd |
CY2023Q2 | us-gaap |
Distributed Earnings
DistributedEarnings
|
11293000 | usd |
CY2022Q2 | us-gaap |
Distributed Earnings
DistributedEarnings
|
23539000 | usd |
us-gaap |
Revenues
Revenues
|
25000 | usd | |
us-gaap |
Revenues
Revenues
|
79000 | usd | |
us-gaap |
Distributed Earnings
DistributedEarnings
|
18932000 | usd | |
us-gaap |
Distributed Earnings
DistributedEarnings
|
35906000 | usd | |
foxo |
Purchase Units
PurchaseUnits
|
10000 | shares | |
foxo |
Supply Commitment Remaining
SupplyCommitmentRemaining
|
3000 | shares | |
CY2023Q2 | us-gaap |
Purchase Obligation
PurchaseObligation
|
92000 | usd |
foxo |
Outstanding Balance Percentage
OutstandingBalancePercentage
|
0.125 | pure | |
us-gaap |
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
|
6207000 | usd | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Severance Payments
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsSeverancePayments
|
835000 | usd |
CY2023Q2 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
740000 | usd |
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
9130000 | usd | |
CY2023Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
usd | |
CY2023Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
usd | |
CY2023Q2 | foxo |
Policy Reserves
PolicyReserves
|
usd | |
CY2023Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2023Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
CY2022Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
foxo |
Management Contingent Share Plans
ManagementContingentSharePlans
|
usd | ||
CY2022Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | ||
CY2022Q2 | foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
usd | |
foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
usd | ||
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
CY2022Q2 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
usd | |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
usd | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | ||
CY2023Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
usd | ||
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
usd | ||
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
usd | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
usd | ||
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
usd | ||
foxo |
Contributions In The Form Of Rent Payments
ContributionsInTheFormOfRentPayments
|
usd | ||
foxo |
Recognition Of Prepaid Offering Costs Upon Election Of Fair Value Option
RecognitionOfPrepaidOfferingCostsUponElectionOfFairValueOption
|
usd | ||
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
usd | ||
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
usd | ||
foxo |
Cloud Computing Arrangements
CloudComputingArrangements
|
usd | ||
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
usd | ||
foxo |
Accrued Internal Use Software
AccruedInternalUseSoftware
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
usd | ||
foxo |
Repayment Of Warrant Repurchase
RepaymentOfWarrantRepurchase
|
usd | ||
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
usd | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | ||
foxo |
Debenture Release
DebentureRelease
|
usd | ||
foxo |
Pik Note Amendment
PIKNoteAmendment
|
usd | ||
foxo |
Exchange Offer
ExchangeOffer
|
usd | ||
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
usd | |
CY2022Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
usd | ||
CY2023Q2 | us-gaap |
Treasury Stock Preferred Shares
TreasuryStockPreferredShares
|
shares | |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
shares | |
CY2022Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
usd | ||
CY2022Q2 | foxo |
Stock Issuances
StockIssuances
|
usd | |
foxo |
Stock Issuances
StockIssuances
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001812360 |