2024 Q1 Form 10-Q Financial Statement
#000121390024004925 Filed on January 19, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q3 |
---|---|---|
Revenue | $7.000K | $10.00K |
YoY Change | -46.15% | -28.57% |
Cost Of Revenue | $70.00K | |
YoY Change | 400.0% | |
Gross Profit | -$60.00K | |
YoY Change | ||
Gross Profit Margin | -600.0% | |
Selling, General & Admin | $988.0K | $4.717M |
YoY Change | -84.4% | -42.96% |
% of Gross Profit | ||
Research & Development | $165.0K | $283.0K |
YoY Change | -46.6% | -49.28% |
% of Gross Profit | ||
Depreciation & Amortization | $260.0K | $75.00K |
YoY Change | -72.01% | 7.14% |
% of Gross Profit | ||
Operating Expenses | $1.186M | $3.447M |
YoY Change | -83.98% | -60.95% |
Operating Profit | -$1.179M | -$3.507M |
YoY Change | -84.05% | -60.21% |
Interest Expense | $42.00K | $148.0K |
YoY Change | -81.33% | -65.09% |
% of Operating Profit | ||
Other Income/Expense, Net | -$325.0K | -$41.00K |
YoY Change | -115.62% | -94.74% |
Pretax Income | -$1.504M | -$3.660M |
YoY Change | -80.31% | -91.08% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$1.504M | -$3.660M |
YoY Change | -80.31% | -91.08% |
Net Earnings / Revenue | -21485.71% | -36600.0% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$0.24 | -$0.75 |
COMMON SHARES | ||
Basic Shares Outstanding | 8.946M shares | 51.98M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q1 | 2023 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $3.000K | $42.00K |
YoY Change | -99.86% | -99.6% |
Cash & Equivalents | $3.000K | $42.00K |
Short-Term Investments | ||
Other Short-Term Assets | $104.0K | $106.0K |
YoY Change | -2.8% | 430.0% |
Inventory | $1.131M | |
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $262.0K | $2.585M |
YoY Change | -95.83% | -85.48% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | $2.621M | |
YoY Change | 40.69% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $111.0K | $118.0K |
YoY Change | -93.58% | -99.5% |
Total Long-Term Assets | $2.732M | $546.0K |
YoY Change | -24.05% | -98.98% |
TOTAL ASSETS | ||
Total Short-Term Assets | $262.0K | $2.585M |
Total Long-Term Assets | $2.732M | $546.0K |
Total Assets | $2.994M | $3.131M |
YoY Change | -69.67% | -95.62% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $4.988M | $4.816M |
YoY Change | 67.55% | 77.97% |
Accrued Expenses | $1.815M | $1.528M |
YoY Change | 49.75% | 205.6% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $386.0K | $0.00 |
YoY Change | ||
Long-Term Debt Due | $4.461M | $4.006M |
YoY Change | 32.37% | |
Total Short-Term Liabilities | $17.07M | $13.52M |
YoY Change | 98.86% | -59.06% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $859.0K | $718.0K |
YoY Change | -34.92% | -96.59% |
Total Long-Term Liabilities | $859.0K | $718.0K |
YoY Change | -34.92% | -97.01% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $17.07M | $13.52M |
Total Long-Term Liabilities | $859.0K | $718.0K |
Total Liabilities | $17.93M | $14.23M |
YoY Change | 81.07% | -74.46% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$179.2M | -$172.3M |
YoY Change | 15.72% | 33.65% |
Common Stock | $1.000K | $6.000K |
YoY Change | 100.0% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$14.94M | -$11.10M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.994M | $3.131M |
YoY Change | -69.67% | -95.62% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.504M | -$3.660M |
YoY Change | -80.31% | -91.08% |
Depreciation, Depletion And Amortization | $260.0K | $75.00K |
YoY Change | -72.01% | 7.14% |
Cash From Operating Activities | $1.716M | -$865.0K |
YoY Change | -151.07% | -79.74% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $2.122M | $0.00 |
YoY Change | -100.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$2.122M | $0.00 |
YoY Change | -100.0% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $371.0K | 692.0K |
YoY Change | -120.97% | |
NET CHANGE | ||
Cash From Operating Activities | $1.716M | -865.0K |
Cash From Investing Activities | -$2.122M | 0.000 |
Cash From Financing Activities | $371.0K | 692.0K |
Net Change In Cash | -$35.00K | -173.0K |
YoY Change | -98.96% | -97.85% |
FREE CASH FLOW | ||
Cash From Operating Activities | $1.716M | -$865.0K |
Capital Expenditures | $2.122M | $0.00 |
Free Cash Flow | -$406.0K | -$865.0K |
YoY Change | -87.92% | -81.75% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q3 | us-gaap |
Commitments And Contingencies
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|
usd | |
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Preferred Stock Value
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foxo |
Management Contingent Share Plans
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Impairment Of Intangible Assets Finitelived
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dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
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true | ||
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Document Period End Date
DocumentPeriodEndDate
|
2023-09-30 | ||
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Document Fiscal Year Focus
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2023 | ||
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Document Transition Report
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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. | ||
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Entity Incorporation State Country Code
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DE | ||
dei |
Entity Tax Identification Number
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85-1050265 | ||
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729 N | ||
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Entity Address Address Line2
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Washington Ave | ||
dei |
Entity Address Address Line3
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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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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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NYSE | ||
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Yes | ||
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NetIncomeLossAvailableToCommonStockholdersBasic
|
-76932000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-54002000 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
211000 | usd |
CY2022Q3 | foxo |
Conversion Of Bridge Loans
ConversionOfBridgeLoans
|
88975000 | usd |
CY2022Q3 | foxo |
Conversion Of Existing Class A Common Stock
ConversionOfExistingClassACommonStock
|
1000 | usd |
CY2022Q3 | foxo |
Reverse Recapitalization
ReverseRecapitalization
|
19678000 | usd |
CY2022Q3 | foxo |
Equitybased Compensation
EquitybasedCompensation
|
330000 | usd |
CY2022Q3 | foxo |
Cantor Commitment Fee
CantorCommitmentFee
|
1600000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15767000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-25220000 | usd |
foxo |
Stock Issued During Period Value Lease Contributions
StockIssuedDuringPeriodValueLeaseContributions
|
225000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
717000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
507000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-3000 | usd | |
foxo |
Increase Decrease In Cloud Computing Arrangements
IncreaseDecreaseInCloudComputingArrangements
|
1941000 | usd | |
us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
18573000 | usd | |
us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
709000 | usd | |
foxo |
Cantor Commitment Fee
CantorCommitmentFee
|
1600000 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15767000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7030000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3660000 | usd |
CY2023Q3 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
-1447000 | usd |
CY2023Q3 | foxo |
Private Placements Net Of Issuance Costs
PrivatePlacementsNetOfIssuanceCosts
|
444000 | usd |
CY2023Q3 | foxo |
Issuance Of Shares To Joseph Gunner
IssuanceOfSharesToJosephGunner
|
221000 | usd |
CY2023Q3 | foxo |
Issuance Of Shares To Msk
IssuanceOfSharesToMSK
|
234000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
135000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6708000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-25058000 | usd | |
us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
226000 | usd | |
foxo |
Debenture
Debenture
|
2181000 | usd | |
foxo |
Paid In Kind Note Amendment
PaidInKindNoteAmendment
|
1339000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
2467000 | usd | |
foxo |
Private Placements Net Of Issuance Costs
PrivatePlacementsNetOfIssuanceCosts
|
443000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
135000 | usd | |
foxo |
Issuance Of Shares To Msk
IssuanceOfSharesToMSK
|
234000 | usd | |
foxo |
Issuance Of Shares To Joseph Gunner
IssuanceOfSharesToJosephGunner
|
221000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-11103000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22592000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-76932000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1251000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
159000 | usd | |
foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
3521000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
361000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1002000 | usd | |
foxo |
Cantor Commitment Fee
CantorCommitmentFee
|
1600000 | usd | |
foxo |
Amortization Of Consulting Fees Paid In Common Stock
AmortizationOfConsultingFeesPaidInCommonStock
|
2221000 | usd | |
foxo |
Amortization Of Consulting Fees Paid In Common Stock
AmortizationOfConsultingFeesPaidInCommonStock
|
2954000 | usd | |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
2633000 | usd | |
foxo |
Change In Fair Value Of Convertible Debentures
ChangeInFairValueOfConvertibleDebentures
|
28180000 | usd | |
foxo |
Change In Fair Value Of Forward Purchase Agreement Collateral Derivative
ChangeInFairValueOfForwardPurchaseAgreementCollateralDerivative
|
-27378000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-244000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-1349000 | usd | |
foxo |
Change In Fair Value Of Forward Purchase Agreement Put Derivative
ChangeInFairValueOfForwardPurchaseAgreementPutDerivative
|
-1284000 | usd | |
foxo |
Conversion Of Accrued Interest
ConversionOfAccruedInterest
|
593000 | usd | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
419000 | 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
|
100000 | usd | |
us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
-182000 | usd | |
us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
1762000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1835000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1002000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1806000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-489000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
1891000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
761000 | usd | |
foxo |
Increase Decrease In Policy Reserves
IncreaseDecreaseInPolicyReserves
|
18573000 | usd | |
foxo |
Increase Decrease In Policy Reserves
IncreaseDecreaseInPolicyReserves
|
709000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6165000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-19232000 | usd | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
108000 | usd | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
1622000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1730000 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
28000000 | usd | |
us-gaap |
Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
|
507000 | usd | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
3458000 | usd | |
foxo |
Reverse Recapitalization Proceeds
ReverseRecapitalizationProceeds
|
23226000 | usd | |
foxo |
Forward Purchase Agreement Escrow
ForwardPurchaseAgreementEscrow
|
-29135000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
484000 | usd | |
foxo |
Forward Purchase Agreement Collateral Release To Meteora
ForwardPurchaseAgreementCollateralReleaseToMeteora
|
733000 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
744000 | usd | |
foxo |
Related Party Promissory Note
RelatedPartyPromissoryNote
|
247000 | usd | |
foxo |
Related Party Promissory Note
RelatedPartyPromissoryNote
|
-1160000 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
299000 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
539000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
692000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
24560000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-5473000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
3598000 | 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 |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
42000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10454000 | usd |
foxo |
Debenture Release
DebentureRelease
|
2181000 | usd | |
foxo |
Pik Note Amendment
PIKNoteAmendment
|
1339000 | usd | |
foxo |
Exchange Offer
ExchangeOffer
|
2466000 | usd | |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
88382000 | usd | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
21854000 | usd | |
foxo |
Accrued Internal Use Softwares
AccruedInternalUseSoftwares
|
239000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45.35pt; text-align: justify; text-indent: -45.35pt"><b><span style="text-decoration:underline">Note 1 DESCRIPTION OF BUSINESS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">FOXO Technologies Inc. (“FOXO” or the “Company”), formerly known as Delwinds Insurance Acquisition Corp. (“Delwinds”), a Delaware corporation, was originally formed in April 2020 as a publicly traded special purpose company for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization, or similar business combination involving one or more businesses. FOXO is a leader in commercializing epigenetic biomarker technology to support groundbreaking scientific research and disruptive next-generation business initiatives. The Company applies automated machine learning and artificial intelligence technologies to discover epigenetic biomarkers of human health, wellness and aging. On October 29<sup>th</sup>, 2023 the Company entered into a Letter Agreement with KR8 AI Inc. to develop a Direct to Consumer app (iOS and Android) combining its AI Machine Learning technology to provide a commercial application of Foxo’s epigenetic biomarker technology as a subscription consumer engagement platform. <span>The Letter Agreement limits the distribution of any such apps to consumers in North America. The Letter Agreement provides that KR8 will grant the Company a non-provisional exclusive License with a perpetual term upon the parties’ signing of a definitive license agreement.</span> </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 Company manages and reports results of operations for the Company’s epigenetic biomarker technology business operations.</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"><b>The Business Combination</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 24, 2022, Delwinds entered into a definitive Agreement and Plan of Merger, dated as of February 24, 2022, as amended on April 26, 2022, July 6, 2022 and August 12, 2022 (the “Merger Agreement”), with FOXO Technologies Inc., now known as FOXO Technologies Operating Company (“FOXO Technologies Operating Company” or “Legacy FOXO”), DWIN Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Delwinds (“Merger Sub”), and DIAC Sponsor LLC (the “Sponsor”), in its capacity as the representative of the stockholders of Delwinds from and after the closing (the “Closing”) of the transactions contemplated by the Merger Agreement (collectively, the “Business Combination”).</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 Business Combination was approved by Delwinds’ stockholders on September 14, 2022 and closed on September 15, 2022 (the “Closing Date”) whereby Merger Sub merged into FOXO Technologies Operating Company, with FOXO Technologies Operating Company surviving the merger as a wholly owned subsidiary of the Company (the “Combined Company”), and with FOXO Technologies Operating Company security holders becoming security holders of the Combined Company. Immediately upon the Closing, the name of Delwinds was changed to FOXO Technologies Inc.</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">Following the Closing, FOXO is a holding company whose wholly-owned subsidiary, FOXO Technologies Operating Company, conducts all of the core business operations. FOXO Technologies Operating Company maintains its two wholly-owned subsidiaries, FOXO Labs Inc. and FOXO Life, LLC. FOXO Labs maintains a wholly-owned subsidiary, Scientific Testing Partners, LLC, while FOXO Life Insurance Company was a wholly-owned subsidiary of FOXO Life, LLC. See Note 10 for more information on FOXO Life Insurance Company. References to “FOXO” and the “Company” in these condensed consolidated financial statements refer to FOXO Technologies Operating Company and its wholly-owned subsidiaries prior to the Closing and FOXO Technologies Inc. following the Closing.</p> | ||
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3660000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22592000 | usd | |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-172289000 | usd |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6165000 | usd | |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
42000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
28000000 | usd |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
28000000 | usd | |
CY2023Q3 | us-gaap |
Other Partners Capital
OtherPartnersCapital
|
300000000 | usd |
CY2022Q3 | foxo |
Percentage Of Issued Investors
PercentageOfIssuedInvestors
|
0.15 | pure |
CY2022Q3 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
3457500000 | usd |
foxo |
Percentage Of Outstanding Principal Balance
PercentageOfOutstandingPrincipalBalance
|
1.30 | pure | |
CY2023Q3 | foxo |
Longevity Pipeline
LongevityPipeline
|
592000 | usd |
CY2022Q4 | foxo |
Longevity Pipeline
LongevityPipeline
|
592000 | usd |
CY2023Q3 | foxo |
Underwriting Api
UnderwritingAPI
|
840000 | usd |
CY2022Q4 | foxo |
Underwriting Api
UnderwritingAPI
|
840000 | usd |
CY2023Q3 | foxo |
Longevity Api
LongevityAPI
|
717000 | usd |
CY2022Q4 | foxo |
Longevity Api
LongevityAPI
|
717000 | usd |
CY2023Q3 | foxo |
Indefinite Accumulated Amortization And Impairment
IndefiniteAccumulatedAmortizationAndImpairment
|
1721000 | usd |
CY2022Q4 | foxo |
Indefinite Accumulated Amortization And Impairment
IndefiniteAccumulatedAmortizationAndImpairment
|
106000 | usd |
CY2023Q3 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
428000 | usd |
CY2022Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
2043000 | usd |
CY2023Q3 | foxo |
Digital Insurance Platform
DigitalInsurancePlatform
|
2966000 | usd |
CY2022Q4 | foxo |
Digital Insurance Platform
DigitalInsurancePlatform
|
2966000 | usd |
CY2023Q3 | foxo |
Finite Accumulated Amortization And Impairment
FiniteAccumulatedAmortizationAndImpairment
|
2966000 | usd |
CY2022Q4 | foxo |
Finite Accumulated Amortization And Impairment
FiniteAccumulatedAmortizationAndImpairment
|
741000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2225000 | usd |
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
49000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1208000 | usd | |
CY2023Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
1425000 | usd |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
2633000 | usd | |
CY2022Q3 | foxo |
Net Proceeds
NetProceeds
|
2918000 | usd |
CY2022Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
540000 | usd |
foxo |
Interest Rate
InterestRate
|
1150 | ||
foxo |
Consideration Amount Transferred
ConsiderationAmountTransferred
|
1339000 | usd | |
CY2023Q3 | us-gaap |
Percentage Of Unamortized Film Costs
PercentageOfUnamortizedFilmCosts
|
0.10 | pure |
us-gaap |
Deferred Finance Costs Own Share Lending Arrangement Issuance Costs Amortization Expense1
DeferredFinanceCostsOwnShareLendingArrangementIssuanceCostsAmortizationExpense1
|
1596000 | usd | |
CY2023Q3 | 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 | |
foxo |
Percentage Of Outstanding Principal Balance
PercentageOfOutstandingPrincipalBalance
|
1.30 | pure | |
CY2023Q3 | foxo |
Senior Paid In Kind Notes
SeniorPaidInKindNotes
|
4006000 | usd |
CY2023Q3 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
145000 | usd |
us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
420000 | usd | |
CY2023Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | usd |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
448000 | usd | |
CY2022Q3 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
593000 | usd |
us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
1627000 | usd | |
foxo |
Convertible Debentures Issued Percentage
ConvertibleDebenturesIssuedPercentage
|
0.125 | pure | |
CY2022Q3 | foxo |
Related Party Holders
RelatedPartyHolders
|
181000 | usd |
foxo |
Related Party Holders
RelatedPartyHolders
|
508000 | usd | |
CY2023Q3 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
247000 | usd |
CY2022Q2 | foxo |
Exchange Fees1
ExchangeFees1
|
1425000 | usd |
us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
87126 | shares | |
CY2023Q3 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
0 | usd |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
2676000 | usd | |
CY2022Q3 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
2081000 | usd |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
3568000 | usd | |
CY2023Q3 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
foxo |
Warrants Description
WarrantsDescription
|
●in whole and not in part; ●at a price of $0.10 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 $180.00 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 |
Common Stock No Par Value
CommonStockNoParValue
|
62.1 | |
CY2023Q2 | foxo |
Warrants Shares Received
WarrantsSharesReceived
|
48.3 | shares |
CY2023Q3 | foxo |
Warrants Of Aggregate Shares
WarrantsOfAggregateShares
|
164751 | shares |
us-gaap |
Dividend Income Operating Paid In Cash
DividendIncomeOperatingPaidInCash
|
2466 | usd | |
CY2023Q3 | foxo |
Warrants Remain Outstanding
WarrantsRemainOutstanding
|
25868 | usd |
CY2023Q3 | foxo |
Percentage Of Discount Convertible Debentures
PercentageOfDiscountConvertibleDebentures
|
0.10 | pure |
us-gaap |
Investment Company Redemption Fee Per Share
InvestmentCompanyRedemptionFeePerShare
|
0.067 | ||
CY2023Q3 | us-gaap |
Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
1 | usd |
us-gaap |
Debtor Reorganization Items Other Expense Income
DebtorReorganizationItemsOtherExpenseIncome
|
2181 | usd | |
foxo |
Aggregate Gross Proceeds
AggregateGrossProceeds
|
450 | usd | |
foxo |
Other Offering Expenses
OtherOfferingExpenses
|
260 | usd | |
us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
69668 | shares | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3660000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-41026000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22592000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-76932000 | usd | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
2466000 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3660000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-41026000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-25058000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-76932000 | usd | |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
1037873 | shares |
CY2022Q3 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
1037873 | shares |
CY2023Q3 | foxo |
Assumed Warrants
AssumedWarrants
|
25868 | shares |
CY2022Q3 | foxo |
Assumed Warrants
AssumedWarrants
|
190619 | shares |
CY2023Q3 | foxo |
Assumed Option Shares
AssumedOptionShares
|
215094 | shares |
CY2022Q3 | foxo |
Assumed Option Shares
AssumedOptionShares
|
296579 | shares |
CY2023Q3 | foxo |
Total Antidilutive Shares
TotalAntidilutiveShares
|
1278835 | shares |
CY2022Q3 | foxo |
Total Antidilutive Shares
TotalAntidilutiveShares
|
1525071 | shares |
CY2023Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
67000 | usd |
CY2022Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
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 |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
10000 | usd |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
14000 | usd |
CY2023Q3 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
3660000 | usd |
CY2022Q3 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
41026000 | usd |
us-gaap |
Revenues
Revenues
|
35000 | usd | |
us-gaap |
Revenues
Revenues
|
93000 | usd | |
us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
22592000 | usd | |
us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
76932000 | usd | |
CY2023Q3 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
5000 | usd |
CY2022Q3 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
74000 | usd |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
1251000 | usd | |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
159000 | usd | |
foxo |
Purchase Units
PurchaseUnits
|
10000 | shares | |
foxo |
Supply Commitment Remaining
SupplyCommitmentRemaining
|
3000 | shares | |
CY2023Q3 | us-gaap |
Purchase Obligation
PurchaseObligation
|
14000 | usd |
foxo |
Outstanding Balance Percentage
OutstandingBalancePercentage
|
0.125 | pure | |
us-gaap |
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
|
6207000 | usd | |
foxo |
Percentage Of Gross Proceeds
PercentageOfGrossProceeds
|
0.25 | pure | |
CY2023Q3 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Severance Payments
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsSeverancePayments
|
955000 | usd |
CY2023Q3 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
620000 | usd |
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
9130000 | usd | |
us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
2300000 | usd | |
CY2022 | us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
0 | usd |
us-gaap |
Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
|
25000 | usd | |
CY2023Q3 | us-gaap |
Trading Liabilities Fair Value Disclosure
TradingLiabilitiesFairValueDisclosure
|
1000000 | usd |
CY2023Q3 | foxo |
Trading Value Percentage
TradingValuePercentage
|
3 | pure |
foxo |
Common Stock Issued Percentage
CommonStockIssuedPercentage
|
0.0999 | pure | |
foxo |
Common Stock Outstanding Percentage
CommonStockOutstandingPercentage
|
0.0999 | pure | |
us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
200000 | shares | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
200000 | usd | |
CY2023Q3 | us-gaap |
Share Price
SharePrice
|
1 | |
foxo |
Percentage Of Exceed Outstanding
PercentageOfExceedOutstanding
|
0.1999 | pure | |
foxo |
Percentage Of Warrant Coverage
PercentageOfWarrantCoverage
|
0.07 | pure | |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
7000 | shares |
us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
1.324 | ||
foxo |
Percentage Of Exercise Price
PercentageOfExercisePrice
|
1.10 | pure | |
foxo |
Percentage Of Subcriber Revenue
PercentageOfSubcriberRevenue
|
0.15 | pure | |
CY2023Q3 | foxo |
Prepaid Consulting Fees
PrepaidConsultingFees
|
usd | |
CY2023Q3 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
usd | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
usd | |
CY2023Q3 | foxo |
Senior Paid In Kind Notes Non Current
SeniorPaidInKindNotesNonCurrent
|
usd | |
CY2023Q3 | foxo |
Policy Reserves
PolicyReserves
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q3 | 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 | |
CY2023Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
CY2022Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
CY2022Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
usd | ||
CY2022Q3 | foxo |
Management Contingent Share Plans
ManagementContingentSharePlans
|
usd | |
CY2023Q3 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
usd | |
CY2022Q3 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
usd | |
CY2023Q3 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
usd | |
us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
usd | ||
CY2023Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
usd | ||
CY2023Q3 | foxo |
Change In Fair Value Of Forward Purchase Collateral Derivative
ChangeInFairValueOfForwardPurchaseCollateralDerivative
|
usd | |
foxo |
Change In Fair Value Of Forward Purchase Collateral Derivative
ChangeInFairValueOfForwardPurchaseCollateralDerivative
|
usd | ||
CY2023Q3 | foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
usd | |
CY2022Q3 | foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
usd | |
foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
usd | ||
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
CY2023Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
usd | |
CY2022Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
usd | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
usd | ||
CY2022Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | |
CY2022Q3 | foxo |
Conversion Of Class B Common Stock
ConversionOfClassBCommonStock
|
usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | ||
us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | ||
foxo |
Conversion Of Class B Common Stock
ConversionOfClassBCommonStock
|
usd | ||
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
usd | ||
foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
usd | ||
foxo |
Cantor Commitment Fee
CantorCommitmentFee
|
usd | ||
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
usd | ||
foxo |
Change In Fair Value Of Convertible Debentures
ChangeInFairValueOfConvertibleDebentures
|
usd | ||
foxo |
Change In Fair Value Of Forward Purchase Agreement Collateral Derivative
ChangeInFairValueOfForwardPurchaseAgreementCollateralDerivative
|
usd | ||
foxo |
Change In Fair Value Of Forward Purchase Agreement Put Derivative
ChangeInFairValueOfForwardPurchaseAgreementPutDerivative
|
usd | ||
foxo |
Conversion Of Accrued Interest
ConversionOfAccruedInterest
|
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 |
Increase Decrease In Cloud Computing Arrangements
IncreaseDecreaseInCloudComputingArrangements
|
usd | ||
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
usd | ||
us-gaap |
Payments For Software
PaymentsForSoftware
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | ||
us-gaap |
Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
|
usd | ||
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
usd | ||
foxo |
Reverse Recapitalization Proceeds
ReverseRecapitalizationProceeds
|
usd | ||
foxo |
Forward Purchase Agreement Escrow
ForwardPurchaseAgreementEscrow
|
usd | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | ||
foxo |
Forward Purchase Agreement Collateral Release To Meteora
ForwardPurchaseAgreementCollateralReleaseToMeteora
|
usd | ||
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
usd | ||
foxo |
Debenture Release
DebentureRelease
|
usd | ||
foxo |
Pik Note Amendment
PIKNoteAmendment
|
usd | ||
foxo |
Exchange Offer
ExchangeOffer
|
usd | ||
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
usd | ||
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
usd | ||
foxo |
Accrued Internal Use Softwares
AccruedInternalUseSoftwares
|
usd | ||
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
usd | |
CY2023Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
usd | |
CY2022Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
usd | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
usd | ||
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-25058000 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-41026000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-76932000 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-3660000 | usd |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001812360 |