2024 Q2 Form 10-K Financial Statement

#000121390024050377 Filed on June 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $28.00K $110.0K $145.0K
YoY Change 133.33% -73.81% -71.62%
Cost Of Revenue $31.00K $62.00K $132.0K
YoY Change 158.33% -81.76% -74.17%
Gross Profit -$3.000K $48.00K $13.00K
YoY Change -31.43% -92.22%
Gross Profit Margin -10.71% 43.64% 8.97%
Selling, General & Admin $1.474M $4.298M $19.40M
YoY Change -63.18% -62.95% -28.67%
% of Gross Profit 8954.17% 149223.08%
Research & Development $104.0K -$24.00K $901.0K
YoY Change -68.77% -102.7% -70.43%
% of Gross Profit -50.0% 6930.77%
Depreciation & Amortization $52.00K $28.00K $1.279M
YoY Change -79.2% -97.89% -13.99%
% of Gross Profit 58.33% 9838.46%
Operating Expenses $1.617M $3.732M $22.20M
YoY Change -78.77% -83.47% -44.96%
Operating Profit -$1.589M -$3.684M -$22.19M
YoY Change -79.11% -83.63% -44.76%
Interest Expense -$542.0K -$199.0K -$1.064M
YoY Change -210.16% -99.22% -173.89%
% of Operating Profit
Other Income/Expense, Net -$575.0K $24.00K -$4.263M
YoY Change -591.45% -140.0% -175.46%
Pretax Income -$2.164M -$3.859M -$26.45M
YoY Change -80.83% -91.97% -72.23%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.163M -$4.771M -$26.45M
YoY Change -80.85% -90.07% -72.23%
Net Earnings / Revenue -7725.0% -4337.27% -18242.07%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.24 -$0.70 -$7.08
COMMON SHARES
Basic Shares Outstanding 10.67M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.00K $38.00K $38.00K
YoY Change -85.0% -99.31% -99.31%
Cash & Equivalents $33.00K $38.00K $38.00K
Short-Term Investments
Other Short-Term Assets $104.0K $109.0K $195.0K
YoY Change -0.95% -4.39% -96.44%
Inventory $0.00 $0.00
Prepaid Expenses $76.00K $86.00K
Receivables $276.0K
Other Receivables $0.00
Total Short-Term Assets $489.0K $233.0K $233.0K
YoY Change -85.31% -98.11% -98.11%
LONG-TERM ASSETS
Property, Plant & Equipment $227.0K $14.00K
YoY Change
Goodwill $2.369M
YoY Change
Intangibles $2.363M $378.0K
YoY Change 395.39% -81.5%
Long-Term Investments
YoY Change
Other Assets $114.0K $114.0K
YoY Change -99.46% -99.46%
Total Long-Term Assets $6.417M $492.0K $492.0K
YoY Change 792.49% -97.87% -97.87%
TOTAL ASSETS
Total Short-Term Assets $489.0K $233.0K $233.0K
Total Long-Term Assets $6.417M $492.0K $492.0K
Total Assets $6.906M $725.0K $725.0K
YoY Change 70.64% -97.95% -97.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.307M $4.556M $4.556M
YoY Change 31.98% 31.45% 31.3%
Accrued Expenses $1.954M $1.696M $3.986M
YoY Change 39.67% 62.3% 158.83%
Deferred Revenue
YoY Change
Short-Term Debt $7.982M $0.00 $0.00
YoY Change
Long-Term Debt Due $4.203M $4.203M
YoY Change 198.09% 198.09%
Total Short-Term Liabilities $21.31M $14.34M $14.34M
YoY Change 109.75% 107.38% 107.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $219.0K $489.0K $489.0K
YoY Change -76.2% -97.56% -97.56%
Total Long-Term Liabilities $219.0K $489.0K $489.0K
YoY Change -76.2% -97.76% -97.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.31M $14.34M $14.34M
Total Long-Term Liabilities $219.0K $489.0K $489.0K
Total Liabilities $23.07M $14.83M $14.83M
YoY Change 108.3% -48.34% -48.34%
SHAREHOLDERS EQUITY
Retained Earnings -$181.7M -$177.1M
YoY Change 7.75% 20.26%
Common Stock $1.000K $1.000K
YoY Change -80.0% -66.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$16.13M -$14.10M -$14.10M
YoY Change
Total Liabilities & Shareholders Equity $6.906M $725.0K $725.0K
YoY Change 70.64% -97.95% -97.95%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.163M -$4.771M -$26.45M
YoY Change -80.85% -90.07% -72.23%
Depreciation, Depletion And Amortization $52.00K $28.00K $1.279M
YoY Change -79.2% -97.89% -13.99%
Cash From Operating Activities -$1.165M -$480.0K -$6.645M
YoY Change -39.95% -90.94% -72.03%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$259.0K $0.00 $0.00
YoY Change
Cash From Investing Activities -$259.0K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.454M 476.0K $1.168M
YoY Change -4.8% -95.19%
NET CHANGE
Cash From Operating Activities -1.165M -480.0K -$6.645M
Cash From Investing Activities -259.0K 0.000
Cash From Financing Activities 1.454M 476.0K $1.168M
Net Change In Cash 30.00K -4.000K -$5.477M
YoY Change -101.55% -99.92% 308.43%
FREE CASH FLOW
Cash From Operating Activities -$1.165M -$480.0K -$6.645M
Capital Expenditures $0.00
Free Cash Flow -$1.165M -$6.645M
YoY Change -39.95% -72.16%

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CY2022 us-gaap Increase Decrease In Other Current Assets
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2022 foxo Increase Decrease In Cloud Computing Arrangements
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CY2023 us-gaap Increase Decrease In Reinsurance Payables
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CY2022 us-gaap Increase Decrease In Reinsurance Payables
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890000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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2350000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2336000 usd
CY2023 foxo Increase Decrease In Policy Reserves
IncreaseDecreaseInPolicyReserves
18573000 usd
CY2022 foxo Increase Decrease In Policy Reserves
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890000 usd
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2022 foxo Reverse Recapitalization Proceeds
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23237000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 foxo Forward Purchase Agreement Collateral Release
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CY2023 us-gaap Proceeds From Issuance Of Private Placement
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CY2023 us-gaap Payments Of Financing Costs
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CY2022 us-gaap Payments Of Financing Costs
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CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 foxo Deemed Dividends In Connection With Exchange Offer
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1339000 usd
CY2023 foxo Debenture Release
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CY2022 foxo Conversion Of Preferred Stock
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CY2022 us-gaap Interest Paid Net
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CY2023 us-gaap Nature Of Operations
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<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45.35pt; text-align: justify; text-indent: -45.35pt"><span style="text-decoration:underline">Note 1 DESCRIPTION OF BUSINESS</span></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 commercializing epigenetic biomarker technology to support groundbreaking scientific research and disruptive next-generation business initiatives. The Company applies automated machine learning and artificial intelligence (“AI”) technologies to discover epigenetic biomarkers of human health, wellness and aging. On October 29, 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. The Letter Agreement limits the distribution of any such apps to consumers in North America. In January 2024, the Letter Agreement was replaced by a definitive license agreement as more fully discussed in Note 17.</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"><i>Segments</i></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 classifies its business into two reportable business segments, FOXO Labs and FOXO Life. While Company has decided to pause sales of new life insurance products, it still intends to continue to classify its business into the two reportable business segments.</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"><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”), 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 FOXO Transaction Agreement (collectively, the “Transaction” or the “Business Combination”). Simultaneously with the execution of the Merger Agreement, Delwinds entered into a Common Stock Purchase Agreement (the “ELOC Agreement”) with CF Principal Investments LLC (the “Cantor Investor”), pursuant to which, assuming satisfaction of certain conditions and subject to limitations set forth in the ELOC Agreement, the Company would have the right, from time to time to sell the Cantor Investor up to $40,000 in shares of the Company’s Class A common stock (the “Class A Common Stock”) until the first day of the next month following the 36-month anniversary of when the Securities and Exchange Commission (“SEC”) had declared effective a registration statement covering the resale of such shares of the Company’s Class A Common Stock or until the date on which the facility had been fully utilized, if earlier. The ELOC Agreement was subsequently cancelled. See Note 7 for additional information about the ELOC Agreement.</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. On February 3, 2023, the Company sold FOXO Life Insurance Company as more fully discussed in Note 13. References to “FOXO” and the “Company” in these 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><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">In accordance with the terms of the Merger Agreement, at Closing, the Company (i) acquired 100% of the issued and outstanding FOXO Technologies Operating Company Class A common stock (the “FOXO Class A Common Stock”) in exchange for equity consideration in the form of the Company’s Class A Common Stock, and (ii) acquired 100% of the issued and outstanding shares of FOXO Technologies Operating Company Class B common stock (the “FOXO Class B Common Stock”) in exchange for equity consideration in the form of the Company’s Class A Common Stock.</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">Immediately prior to the Closing, the following transactions occurred:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">8,000,000 shares of FOXO Technologies Operating Company Series A preferred stock (the “FOXO Preferred Stock”) were exchanged for 8,000,000 shares of FOXO Class A Common Stock.</td></tr></table> <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The 2021 Bridge Debentures (as defined in Note 5) in the principal amount, together with accrued and unpaid interest, of $24,402 were converted into 6,759,642 shares of FOXO Class A Common Stock.</td></tr></table> <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The holders of the 2022 Bridge Debentures (as defined in Note 5) in the principal amount, together with accrued and unpaid interest, of $34,496 were converted into 7,810,509 shares of FOXO Class A Common Stock.</td></tr></table> <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a result of and upon the Closing, among other things, (1) all outstanding shares of FOXO Class A Common Stock (after giving effect to the conversion of the FOXO Preferred Stock, the 2021 Bridge Debentures, and 2022 Bridge Debentures into shares of FOXO Class A Common Stock) and FOXO Class B Common Stock were converted into 1,551,871 shares of the Company’s Class A Common Stock, (2) all FOXO options and FOXO warrants outstanding immediately before the Closing (“Assumed Options” and “Assumed Warrants”, as applicable) were assumed and converted, subject to adjustment pursuant to the terms of the Merger Agreement, into options and warrants, respectively, of the Company, exercisable for shares of the Company’s Class A Common Stock and (3) other than the Assumed Options and Assumed Warrants, all other convertible securities and other rights to purchase capital stock of FOXO Technologies Operating Company were retired and terminated, if they were not converted, exchanged or exercised for FOXO Technologies Operating Company stock immediately prior the Closing.</p>
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CY2023Q3 foxo Aggregate Gross Proceeds
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CY2023Q3 us-gaap Other Expenses
OtherExpenses
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CY2023 us-gaap Business Combination Control Obtained Description
BusinessCombinationControlObtainedDescription
Immediately prior to the Closing, the following transactions occurred: ●8,000,000 shares of FOXO Technologies Operating Company Series A preferred stock (the “FOXO Preferred Stock”) were exchanged for 8,000,000 shares of FOXO Class A Common Stock. ●The 2021 Bridge Debentures (as defined in Note 5) in the principal amount, together with accrued and unpaid interest, of $24,402 were converted into 6,759,642 shares of FOXO Class A Common Stock. ●The holders of the 2022 Bridge Debentures (as defined in Note 5) in the principal amount, together with accrued and unpaid interest, of $34,496 were converted into 7,810,509 shares of FOXO Class A Common Stock.
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Proceeds From Convertible Debt
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28000000 usd
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CY2023 us-gaap Prior Period Reclassification Adjustment Description
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">RECLASSIFICATION</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has reclassified an impairment loss presented in the consolidated statement of operations for the year ended December 31, 2022 for comparison purposes.</p>
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<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">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 revenues and expenses during the reported period. Management evaluates these estimates and judgments on an ongoing basis and bases its estimates on experience, current and expected future conditions, third-party evaluations, and various other assumptions that management believes are reasonable under the circumstances. It is reasonably possible that actual experience could differ from the estimates and assumptions utilized. All revisions to accounting estimates are recognized in the period in which the estimates are revised. A description of each critical estimate is incorporated within the discussion of the related accounting policies which follow.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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1313000 usd
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23000 usd
CY2023 foxo Outstanding Balance Percentage
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0.0499 pure
CY2023 foxo Issued And Outstanding Percentage
issuedAndOutstandingPercentage
0.0999 pure
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StockIssuedDuringPeriodValueRestrictedStockAwardGross
200000 usd
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186000 usd
CY2023 foxo Additional Restricted Shares
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CY2023 foxo Net Of Issuance Costs
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100000 usd
CY2023 us-gaap Revenues
Revenues
145000 usd
CY2022 us-gaap Revenues
Revenues
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CY2022 us-gaap Costs And Expenses Related Party
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CY2022 foxo Contingent Share Plan
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80000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
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CY2023Q3 foxo Aggregate Gross Proceeds
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450000 usd
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260000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1771000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
106000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
378000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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2043000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1257000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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CY2023Q2 us-gaap Goodwill Impairment Loss
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1425000 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
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2633000 usd
CY2022Q3 foxo Senior Notes Percentage
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0.15 pure
CY2022Q3 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
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CY2022Q3 us-gaap Interest Expense Debt
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540000 usd
CY2023 foxo Interest Rate
InterestRate
1.15
CY2023 foxo Pik Note Amendment
PIKNoteAmendment
1339000 usd
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PercentageOfUnamortizedFilmCosts
0.10 pure
CY2023 us-gaap Deferred Finance Costs Own Share Lending Arrangement Issuance Costs Amortization Expense1
DeferredFinanceCostsOwnShareLendingArrangementIssuanceCostsAmortizationExpense1
1596000 usd
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DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
256000 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1339000 usd
CY2023 foxo Percentage Of Outstanding Principal Balance
PercentageOfOutstandingPrincipalBalance
1.30 pure
CY2023Q4 foxo Senior Paid In Kind Notes
SeniorPaidInKindNotes
4203000 usd
CY2023 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
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CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
130000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
616000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
91000 usd
CY2023 foxo Convertible Debentures Issued Percentage
ConvertibleDebenturesIssuedPercentage
0.125 pure
CY2023 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
3656000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
1.30 pure
CY2022Q2 foxo Aggregate Principal Amount Per Share
AggregatePrincipalAmountPerShare
0.035
CY2023 us-gaap Management Fee Expense
ManagementFeeExpense
595000 usd
CY2022Q2 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
1425000 usd
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
87126 shares
CY2023 foxo Percentage Of Exceed Outstanding
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0.1999 pure
CY2023 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
1.324
CY2023Q4 foxo Percentage Of Exercise Price
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1.10 pure
CY2023Q4 foxo Finders Warrants
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25672 shares
CY2023Q4 us-gaap Servicing Asset At Fair Value Amount
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12000 usd
CY2023Q3 us-gaap Legal Fees
LegalFees
643000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2023Q2 foxo Warrants Shares Received
WarrantsSharesReceived
48.3 shares
CY2023 us-gaap Dividend Income Operating Paid In Cash
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2466000 usd
CY2023 us-gaap Investment Company Redemption Fee Per Share
InvestmentCompanyRedemptionFeePerShare
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CY2023Q4 us-gaap Share Price
SharePrice
1
CY2023 foxo Shares Subject To Equitable Adjustment
SharesSubjectToEquitableAdjustment
920000 shares
CY2023 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).
CY2023 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
419132 shares
CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
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1 pure
CY2023 foxo Share Based Compensation Shares Authorized Under Stock Option Plans
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlans
119371 shares
CY2023Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1743 shares
CY2022Q1 foxo Share Based Compensation Arrangement Additional Stock Options
ShareBasedCompensationArrangementAdditionalStockOptions
20418 shares
CY2023 us-gaap Investment Company Total Return Market Value
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1 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
276510 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
70.2
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
157139 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
68.15
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
119371 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
73.02
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y2M19D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Other
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther
115616 shares
CY2023 foxo Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Exercise Price Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageExercisePriceExercisable
70.5
CY2023 foxo Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Average Remaining Life Years Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingAverageRemainingLifeYearsExercisable
P2Y2M8D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
282831 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
65.1
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
20418 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
157.5
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
1480 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
65.1
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
25259 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
83.6
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
276510 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
70.2
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y9M7D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Other
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther
248099 shares
CY2022 foxo Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Exercise Price Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageExercisePriceExercisable
67
CY2022 foxo Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Average Remaining Life Years Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingAverageRemainingLifeYearsExercisable
P2Y8M1D
CY2023 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
0.32
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y2M12D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.70 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0138 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
157.5
CY2023 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
72000 usd
CY2022 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
110000 usd
CY2023 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1041000 usd
CY2022 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
834000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1113000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
944000 usd
CY2023 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
283000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P0Y6M
CY2023Q4 us-gaap Preferred Stock Redemption Amount
PreferredStockRedemptionAmount
29135000 usd
CY2022Q4 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
50 shares
CY2023Q4 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
270000 usd
CY2022 foxo Share Purchase Agreement
SharePurchaseAgreement
27337000 usd
CY2023 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
15668 shares
CY2022 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
434800 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-26451000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-95255000 usd
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3378000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29829000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-95255000 usd
CY2023Q4 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
1037875 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
1037875 shares
CY2023Q4 foxo Assumed Warrants
AssumedWarrants
2007848 shares
CY2022Q4 foxo Assumed Warrants
AssumedWarrants
190585 shares
CY2023Q4 foxo Assumed Option Shares
AssumedOptionShares
119371 shares
CY2022Q4 foxo Assumed Option Shares
AssumedOptionShares
296550 shares
CY2023Q4 foxo Finders Warrants
FindersWarrants
25672 shares
CY2023Q4 foxo Total Antidilutive Shares
TotalAntidilutiveShares
3190766 shares
CY2022Q4 foxo Total Antidilutive Shares
TotalAntidilutiveShares
1525010 shares
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
8000 usd
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
311000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-303000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-2076000 usd
CY2022 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-28180000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4802000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
9767000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1653000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4054000 usd
CY2023 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
6455000 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
13821000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
6455000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
13821000 usd
CY2023 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 At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.056 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.09 pure
CY2022 foxo Effective Income Tax Rate Fair Value Adjustments On Convertible Debentures
EffectiveIncomeTaxRateFairValueAdjustmentsOnConvertibleDebentures
-0.071 pure
CY2022 foxo Effective Income Tax Rate Forward Purchase Agreement
EffectiveIncomeTaxRateForwardPurchaseAgreement
-0.085 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.044 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.225 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.145 pure
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
482000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
3817000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
22873000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
17193000 usd
CY2023Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
682000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1270000 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
12000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
7000 usd
CY2023Q4 foxo Deferred Tax Assests Issuance Fee On Convertible Debentures
DeferredTaxAssestsIssuanceFeeOnConvertibleDebentures
2970000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27019000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
22287000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
27009000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
21837000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
10000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
450000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
10000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
450000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
10000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
450000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
83400000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1600000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
81800000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
74500000 usd
CY2023 us-gaap Sale Of Stock Percentage Of Ownership Before Transaction
SaleOfStockPercentageOfOwnershipBeforeTransaction
0.50 pure
CY2023 foxo Loss Carry Forward Limited Term
LossCarryForwardLimitedTerm
P1Y
CY2021Q3 us-gaap Business Combination Price Of Acquisition Expected
BusinessCombinationPriceOfAcquisitionExpected
1155000 usd
CY2021Q3 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
63000 usd
CY2021Q3 us-gaap Cash
Cash
1092000 usd
CY2023 foxo Reinsure Policies
ReinsurePolicies
1 pure
CY2023 foxo Reinsured Business Percentage
ReinsuredBusinessPercentage
1 pure
CY2022Q4 foxo Policy Reserves
PolicyReserves
18573000 usd
CY2022 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
362000 usd
CY2022 us-gaap Ceded Premiums Earned
CededPremiumsEarned
1349000 usd
CY2023Q1 us-gaap Increase Decrease In Future Policy Benefit Reserves
IncreaseDecreaseInFuturePolicyBenefitReserves
18573000 usd
CY2023Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Balance
StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance
5000000 usd
CY2023 foxo Riskbased Capital Percentage
RiskbasedCapitalPercentage
3.01 pure
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
5000000 usd
CY2022Q4 us-gaap Cash
Cash
100000 usd
CY2023Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
4751000 usd
CY2023 us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
1 pure
CY2023 us-gaap Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
105000 usd
CY2022 us-gaap Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
105000 usd
CY2023 us-gaap Severance Costs1
SeveranceCosts1
1575000 usd
CY2022Q4 foxo Performancebased Conditions Vested
PerformancebasedConditionsVested
576000 usd
CY2022Q4 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
999000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Severance Payments
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsSeverancePayments
462000 usd
CY2023 foxo Percentage Of Subcriber Revenue
PercentageOfSubcriberRevenue
0.15 pure
CY2023 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
25000 usd
CY2023Q4 us-gaap Trading Liabilities Fair Value Disclosure
TradingLiabilitiesFairValueDisclosure
1000000 usd
CY2023Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
0 usd
CY2022Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
62000 usd
CY2023Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
0 usd
CY2022Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
14246000 usd
CY2022Q4 foxo Deferred Annuity Contracts
DeferredAnnuityContracts
4327000 usd
CY2021Q4 foxo Deferred Annuity Contracts
DeferredAnnuityContracts
4717000 usd
CY2023 foxo Deposits Received
DepositsReceived
27000 usd
CY2022 foxo Deposits Received
DepositsReceived
7000 usd
CY2022 us-gaap Interest Credited To Policy Owner Account
InterestCreditedToPolicyOwnerAccount
139000 usd
CY2023 foxo Withdrawals
Withdrawals
-82000 usd
CY2022 foxo Withdrawals
Withdrawals
-536000 usd
CY2023 us-gaap Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
4272000 usd
CY2022Q4 foxo Deferred Annuity Contracts
DeferredAnnuityContracts
4327000 usd
CY2022Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
18573000 usd
CY2023 foxo Merger Consideration
MergerConsideration
200000 usd
CY2023Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
4751000 usd
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
251000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1313000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1279000 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
2633000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-303000 usd
CY2023 foxo Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
3521000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1487000 usd
CY2023 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
2260000 usd
CY2022 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
0 usd
CY2022Q1 foxo Outstanding Balance Percentage
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20.21 pure
CY2023 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
6207000 usd
CY2023 foxo Percentage Of Gross Proceeds
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0.25 pure
CY2023 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
300000 usd
CY2023 foxo Revenues Received Percentage
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0.15 pure
CY2022 foxo Debenture Release
DebentureRelease
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CY2023 foxo Conversion Of Preferred Stock
ConversionOfPreferredStock
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CY2023Q4 foxo Trading Value Percentage
TradingValuePercentage
3 pure
CY2023 foxo Common Stock Issued And Outstanding Shares Percentage
CommonStockIssuedAndOutstandingSharesPercentage
0.0999 pure
CY2023 foxo Percentage Of Exercise Price
PercentageOfExercisePrice
1.10 pure
CY2023Q4 us-gaap Supplies
Supplies
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CY2023Q4 foxo Prepaid Consulting Fees
PrepaidConsultingFees
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CY2023Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
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CY2023Q4 foxo Cloud Computing Arrangements Noncurrent
CloudComputingArrangementsNoncurrent
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CY2022Q4 foxo Accrued Settlement
AccruedSettlement
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CY2023Q4 foxo Paid In Kind Notes Non Current
PaidInKindNotesNonCurrent
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CY2023Q4 foxo Policy Reserves
PolicyReserves
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CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q4 us-gaap Preferred Stock Value
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CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2023Q4 us-gaap Preferred Stock Shares Issued
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CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2023Q4 us-gaap Preferred Stock Shares Outstanding
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2022Q4 us-gaap Common Stock Value
CommonStockValue
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CY2023Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2023 foxo Noncash Change In Fair Value Of Convertible Debentures
NoncashChangeInFairValueOfConvertibleDebentures
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CY2022 foxo Loss From Pik Note Amendment And2022 Debenture Release
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CY2023 foxo Forward Purchase Agreement Expense
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2022 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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CY2022 us-gaap Conversion Of Stock Amount Converted1
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CY2022 foxo Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
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CY2023 foxo Cantor Commitment Fee Paid In Common Stock
CantorCommitmentFeePaidInCommonStock
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CY2023 foxo Loss On Settlement Of The Forward Purchase Agreement Paid In Common Stock
LossOnSettlementOfTheForwardPurchaseAgreementPaidInCommonStock
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CY2023 foxo Release Of Forward Purchase Agreement Collateral Upon Cancellation
ReleaseOfForwardPurchaseAgreementCollateralUponCancellation
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CY2023 foxo Vendor Share Issuance Paid In Common Stock
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CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
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CY2023 foxo Change In Fair Value Of Convertible Debentures
ChangeInFairValueOfConvertibleDebentures
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CY2023 foxo Conversion Of Accrued Interest
ConversionOfAccruedInterest
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CY2023 foxo Contributions In The Form Of Rent Payments
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CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2023 foxo Accretion Of Operating Lease Liabilities
AccretionOfOperatingLeaseLiabilities
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CY2023 foxo Recognition Of Prepaid Offering Costs Upon Election Of Fair Value Option
RecognitionOfPrepaidOfferingCostsUponElectionOfFairValueOption
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CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2023 foxo Increase Decrease In Cloud Computing Arrangements
IncreaseDecreaseInCloudComputingArrangements
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023 us-gaap Payments For Software
PaymentsForSoftware
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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CY2023 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
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CY2023 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
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CY2023 foxo Reverse Recapitalization Proceeds
ReverseRecapitalizationProceeds
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2023 foxo Forward Purchase Agreement Collateral Release
ForwardPurchaseAgreementCollateralRelease
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CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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CY2023 foxo Conversion Of Debt
ConversionOfDebt
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CY2022 foxo Deemed Dividends In Connection With Exchange Offer
DeemedDividendsInConnectionWithExchangeOffer
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CY2022 foxo Pik Note Amendment
PIKNoteAmendment
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CY2023 foxo Accrued Internal Use Softwares
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2022Q4 foxo Finders Warrants
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CY2023 us-gaap Income Tax Expense Benefit
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CY2023 foxo Effective Income Tax Rate Forward Purchase Agreement
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CY2023Q4 foxo Deferred Annuity Contracts
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CY2023 dei Amendment Flag
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CY2023 dei Document Fiscal Period Focus
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CY2023 dei Entity Central Index Key
EntityCentralIndexKey
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Files In Submission

Name View Source Status
foxo-20231231_cal.xml Edgar Link unprocessable
0001213900-24-050377-index-headers.html Edgar Link pending
0001213900-24-050377-index.html Edgar Link pending
0001213900-24-050377.txt Edgar Link pending
0001213900-24-050377-xbrl.zip Edgar Link pending
ea0206840-10k_foxotech.htm Edgar Link pending
ea020684001ex23-7_foxotech.htm Edgar Link pending
ea020684001ex31-1_foxotech.htm Edgar Link pending
ea020684001ex31-2_foxotech.htm Edgar Link pending
ea020684001ex32-1_foxotech.htm Edgar Link pending
ea020684001ex97-1_foxotech.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
foxo-20231231.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
foxo-20231231_lab.xml Edgar Link unprocessable
foxo-20231231_def.xml Edgar Link unprocessable
foxo-20231231_pre.xml Edgar Link unprocessable
ea0206840-10k_foxotech_htm.xml Edgar Link completed
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report.css Edgar Link pending
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