2024 Q2 Form 10-K Financial Statement
#000121390024050377 Filed on June 06, 2024
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% |
Facts In Submission
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|
1156000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6708000 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-29829000 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
-269000 | usd |
CY2023 | foxo |
Stock Issued During Period Value Private Placements Net Of Issuance Costs
StockIssuedDuringPeriodValuePrivatePlacementsNetOfIssuanceCosts
|
863000 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
12000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
650000 | usd |
CY2023 | foxo |
Stock Issued During Period Value Issuance Of Shares To Msk
StockIssuedDuringPeriodValueIssuanceOfSharesToMSK
|
234000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
409000 | usd |
CY2023 | foxo |
Stock Issued During Period Value Issuance Of Shares To Joseph Gunnar
StockIssuedDuringPeriodValueIssuanceOfSharesToJosephGunnar
|
221000 | usd |
CY2023 | foxo |
Stock Issued During Period Value2022 Debenture Release
StockIssuedDuringPeriodValue2022DebentureRelease
|
2182000 | usd |
CY2023 | foxo |
Stock Issued During Period Value Pik Note Amendment
StockIssuedDuringPeriodValuePIKNoteAmendment
|
1339000 | usd |
CY2023 | foxo |
Stock Issued During Period Value Exchange Offer
StockIssuedDuringPeriodValueExchangeOffer
|
2466000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
912000 | usd |
CY2023 | foxo |
Stock Issued During Period Value Reverse Stock Split Adjustments
StockIssuedDuringPeriodValueReverseStockSplitAdjustments
|
2000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-14100000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26451000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-95255000 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1279000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1487000 | usd |
CY2023 | foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
3521000 | usd |
CY2023 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
2633000 | usd |
CY2022 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
1370000 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
381000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11035000 | usd |
CY2022 | foxo |
Cantor Commitment Fee Paid In Common Stock
CantorCommitmentFeePaidInCommonStock
|
1600000 | usd |
CY2022 | foxo |
Loss On Settlement Of The Forward Purchase Agreement Paid In Common Stock
LossOnSettlementOfTheForwardPurchaseAgreementPaidInCommonStock
|
270000 | usd |
CY2022 | foxo |
Release Of Forward Purchase Agreement Collateral Upon Cancellation
ReleaseOfForwardPurchaseAgreementCollateralUponCancellation
|
26773000 | usd |
CY2022 | foxo |
Vendor Share Issuance Paid In Common Stock
VendorShareIssuancePaidInCommonStock
|
376000 | usd |
CY2023 | foxo |
Amortization Of Consulting Fees Paid In Common Stock
AmortizationOfConsultingFeesPaidInCommonStock
|
2221000 | usd |
CY2022 | foxo |
Amortization Of Consulting Fees Paid In Common Stock
AmortizationOfConsultingFeesPaidInCommonStock
|
4679000 | usd |
CY2023 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
865000 | usd |
CY2022 | foxo |
Change In Fair Value Of Convertible Debentures
ChangeInFairValueOfConvertibleDebentures
|
28180000 | usd |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-303000 | usd |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2076000 | usd |
CY2022 | foxo |
Conversion Of Accrued Interest
ConversionOfAccruedInterest
|
593000 | usd |
CY2023 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
616000 | usd |
CY2022 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
130000 | usd |
CY2023 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
448000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
91000 | usd |
CY2022 | foxo |
Contributions In The Form Of Rent Payments
ContributionsInTheFormOfRentPayments
|
225000 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
28000 | usd |
CY2022 | foxo |
Accretion Of Operating Lease Liabilities
AccretionOfOperatingLeaseLiabilities
|
28000 | usd |
CY2022 | foxo |
Recognition Of Prepaid Offering Costs Upon Election Of Fair Value Option
RecognitionOfPrepaidOfferingCostsUponElectionOfFairValueOption
|
107000 | usd |
CY2023 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
125000 | usd |
CY2022 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
6000 | usd |
CY2023 | us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
-1313000 | usd |
CY2022 | us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
1018000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-3055000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2832000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-5000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
91000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
100000 | usd |
CY2022 | foxo |
Increase Decrease In Cloud Computing Arrangements
IncreaseDecreaseInCloudComputingArrangements
|
1773000 | usd |
CY2023 | us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
18573000 | usd |
CY2022 | us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
890000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1297000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
127000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
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
IncreaseDecreaseInPolicyReserves
|
890000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6645000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-23760000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
110000 | usd |
CY2022 | us-gaap |
Payments For Software
PaymentsForSoftware
|
1760000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1870000 | usd |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
28000000 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
|
507000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
3458000 | usd |
CY2022 | foxo |
Reverse Recapitalization Proceeds
ReverseRecapitalizationProceeds
|
23237000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
-30561000 | usd |
CY2022 | foxo |
Forward Purchase Agreement Collateral Release
ForwardPurchaseAgreementCollateralRelease
|
2362000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
1176000 | usd |
CY2023 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
299000 | usd |
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
540000 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
291000 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-1160000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1168000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
24289000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-5477000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1341000 | 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 |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
38000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5515000 | usd |
CY2022 | foxo |
Conversion Of Debt
ConversionOfDebt
|
88382000 | usd |
CY2023 | foxo |
Deemed Dividends In Connection With Exchange Offer
DeemedDividendsInConnectionWithExchangeOffer
|
3378000 | usd |
CY2023 | foxo |
Pik Note Amendment
PIKNoteAmendment
|
1339000 | usd |
CY2023 | foxo |
Debenture Release
DebentureRelease
|
2182000 | usd |
CY2022 | foxo |
Conversion Of Preferred Stock
ConversionOfPreferredStock
|
21854000 | usd |
CY2022 | foxo |
Accrued Internal Use Softwares
AccruedInternalUseSoftwares
|
239000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1219000 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<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> | |
CY2023 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1-for-10 reverse stock split | |
CY2023Q3 | foxo |
Aggregate Gross Proceeds
AggregateGrossProceeds
|
293500 | usd |
CY2023Q3 | us-gaap |
Other Expenses
OtherExpenses
|
217000 | usd |
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. | |
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 | foxo |
Working Capital Deficit
WorkingCapitalDeficit
|
14103000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-14100000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6645000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-23760000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
38000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
28000000 | usd |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
28000000 | usd | |
CY2023Q4 | us-gaap |
Other Partners Capital
OtherPartnersCapital
|
300000000 | usd |
CY2023 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<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> | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">USE OF ESTIMATES</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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> | |
CY2023 | us-gaap |
Supplies And Postage Expense
SuppliesAndPostageExpense
|
1313000 | usd |
CY2023Q4 | us-gaap |
Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
|
23000 | usd |
CY2023 | foxo |
Outstanding Balance Percentage
OutstandingBalancePercentage
|
0.0499 | pure |
CY2023 | foxo |
Issued And Outstanding Percentage
issuedAndOutstandingPercentage
|
0.0999 | pure |
CY2023 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
200000 | usd |
CY2023 | foxo |
Proceeds Isssuance Of Cash
ProceedsIsssuanceOfCash
|
186000 | usd |
CY2023 | foxo |
Additional Restricted Shares
AdditionalRestrictedShares
|
979000 | shares |
CY2023 | foxo |
Net Of Issuance Costs
NetOfIssuanceCosts
|
246000 | usd |
CY2023Q4 | us-gaap |
Deposit Contracts Assets
DepositContractsAssets
|
100000 | usd |
CY2022Q4 | us-gaap |
Deposit Contracts Assets
DepositContractsAssets
|
200000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Fees Received
ProceedsFromFeesReceived
|
100000 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
145000 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
511000 | usd |
CY2023 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
2676000 | usd |
CY2022 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
5649000 | usd |
CY2022 | foxo |
Contingent Share Plan
ContingentSharePlan
|
80000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q3 | foxo |
Aggregate Gross Proceeds
AggregateGrossProceeds
|
450000 | usd |
CY2023Q3 | us-gaap |
Other Expenses
OtherExpenses
|
260000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
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
IntangibleAssetsNetExcludingGoodwill
|
2043000 | usd |
CY2023 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1257000 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1283000 | usd |
CY2023Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
1425000 | usd |
CY2023 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
2633000 | usd |
CY2022Q3 | foxo |
Senior Notes Percentage
SeniorNotesPercentage
|
0.15 | pure |
CY2022Q3 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
2918000 | usd |
CY2022Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
540000 | usd |
CY2023 | foxo |
Interest Rate
InterestRate
|
1.15 | |
CY2023 | foxo |
Pik Note Amendment
PIKNoteAmendment
|
1339000 | usd |
CY2023Q4 | us-gaap |
Percentage Of Unamortized Film Costs
PercentageOfUnamortizedFilmCosts
|
0.10 | pure |
CY2023 | us-gaap |
Deferred Finance Costs Own Share Lending Arrangement Issuance Costs Amortization Expense1
DeferredFinanceCostsOwnShareLendingArrangementIssuanceCostsAmortizationExpense1
|
1596000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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
|
448000 | usd |
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
PercentageOfExceedOutstanding
|
0.1999 | pure |
CY2023 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
1.324 | |
CY2023Q4 | foxo |
Percentage Of Exercise Price
PercentageOfExercisePrice
|
1.10 | pure |
CY2023Q4 | foxo |
Finders Warrants
FindersWarrants
|
25672 | shares |
CY2023Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
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
DividendIncomeOperatingPaidInCash
|
2466000 | usd |
CY2023 | us-gaap |
Investment Company Redemption Fee Per Share
InvestmentCompanyRedemptionFeePerShare
|
0.067 | |
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
AllocatedShareBasedCompensationExpense
|
732000 | usd |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
|
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
InvestmentCompanyTotalReturnMarketValue
|
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
OutstandingBalancePercentage
|
20.21 | pure |
CY2023 | us-gaap |
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
|
6207000 | usd |
CY2023 | foxo |
Percentage Of Gross Proceeds
PercentageOfGrossProceeds
|
0.25 | pure |
CY2023 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
300000 | usd |
CY2023 | foxo |
Revenues Received Percentage
RevenuesReceivedPercentage
|
0.15 | pure |
CY2022 | foxo |
Debenture Release
DebentureRelease
|
usd | |
CY2023 | foxo |
Conversion Of Preferred Stock
ConversionOfPreferredStock
|
usd | |
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
|
usd | |
CY2023Q4 | foxo |
Prepaid Consulting Fees
PrepaidConsultingFees
|
usd | |
CY2023Q4 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
usd | |
CY2023Q4 | foxo |
Cloud Computing Arrangements Noncurrent
CloudComputingArrangementsNoncurrent
|
usd | |
CY2022Q4 | foxo |
Accrued Settlement
AccruedSettlement
|
usd | |
CY2023Q4 | foxo |
Paid In Kind Notes Non Current
PaidInKindNotesNonCurrent
|
usd | |
CY2023Q4 | foxo |
Policy Reserves
PolicyReserves
|
usd | |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
usd | |
CY2023Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
CY2022Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
CY2023 | foxo |
Noncash Change In Fair Value Of Convertible Debentures
NoncashChangeInFairValueOfConvertibleDebentures
|
usd | |
CY2022 | foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
usd | |
CY2023 | foxo |
Forward Purchase Agreement Expense
ForwardPurchaseAgreementExpense
|
usd | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | |
CY2022 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
usd | |
CY2022 | foxo |
Loss From Pik Note Amendment And2022 Debenture Release
LossFromPIKNoteAmendmentAnd2022DebentureRelease
|
usd | |
CY2023 | foxo |
Cantor Commitment Fee Paid In Common Stock
CantorCommitmentFeePaidInCommonStock
|
usd | |
CY2023 | foxo |
Loss On Settlement Of The Forward Purchase Agreement Paid In Common Stock
LossOnSettlementOfTheForwardPurchaseAgreementPaidInCommonStock
|
usd | |
CY2023 | foxo |
Release Of Forward Purchase Agreement Collateral Upon Cancellation
ReleaseOfForwardPurchaseAgreementCollateralUponCancellation
|
usd | |
CY2023 | foxo |
Vendor Share Issuance Paid In Common Stock
VendorShareIssuancePaidInCommonStock
|
usd | |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | |
CY2023 | foxo |
Change In Fair Value Of Convertible Debentures
ChangeInFairValueOfConvertibleDebentures
|
usd | |
CY2023 | foxo |
Conversion Of Accrued Interest
ConversionOfAccruedInterest
|
usd | |
CY2023 | foxo |
Contributions In The Form Of Rent Payments
ContributionsInTheFormOfRentPayments
|
usd | |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
usd | |
CY2023 | foxo |
Accretion Of Operating Lease Liabilities
AccretionOfOperatingLeaseLiabilities
|
usd | |
CY2023 | foxo |
Recognition Of Prepaid Offering Costs Upon Election Of Fair Value Option
RecognitionOfPrepaidOfferingCostsUponElectionOfFairValueOption
|
usd | |
CY2023 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
usd | |
CY2023 | foxo |
Increase Decrease In Cloud Computing Arrangements
IncreaseDecreaseInCloudComputingArrangements
|
usd | |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | |
CY2023 | us-gaap |
Payments For Software
PaymentsForSoftware
|
usd | |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | |
CY2023 | us-gaap |
Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
usd | |
CY2023 | foxo |
Reverse Recapitalization Proceeds
ReverseRecapitalizationProceeds
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2023 | foxo |
Forward Purchase Agreement Collateral Release
ForwardPurchaseAgreementCollateralRelease
|
usd | |
CY2022 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
usd | |
CY2023 | foxo |
Conversion Of Debt
ConversionOfDebt
|
usd | |
CY2022 | foxo |
Deemed Dividends In Connection With Exchange Offer
DeemedDividendsInConnectionWithExchangeOffer
|
usd | |
CY2022 | foxo |
Pik Note Amendment
PIKNoteAmendment
|
usd | |
CY2023 | foxo |
Accrued Internal Use Softwares
AccruedInternalUseSoftwares
|
usd | |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
shares | |
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
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
||
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
usd | |
CY2023 | foxo |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Exercisable
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercisable
|
usd | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
usd | |
CY2022 | foxo |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Exercisable
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercisable
|
usd | |
CY2022 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
usd | |
CY2022Q4 | foxo |
Finders Warrants
FindersWarrants
|
shares | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023 | foxo |
Effective Income Tax Rate Fair Value Adjustments On Convertible Debentures
EffectiveIncomeTaxRateFairValueAdjustmentsOnConvertibleDebentures
|
pure | |
CY2023 | foxo |
Effective Income Tax Rate Forward Purchase Agreement
EffectiveIncomeTaxRateForwardPurchaseAgreement
|
pure | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
pure | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
CY2022Q4 | foxo |
Deferred Tax Assests Issuance Fee On Convertible Debentures
DeferredTaxAssestsIssuanceFeeOnConvertibleDebentures
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2023 | us-gaap |
Interest Credited To Policy Owner Account
InterestCreditedToPolicyOwnerAccount
|
usd | |
CY2022 | us-gaap |
Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
|
usd | |
CY2023Q4 | foxo |
Deferred Annuity Contracts
DeferredAnnuityContracts
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001812360 |