2024 Q3 Form 10-Q Financial Statement

#000149315224032961 Filed on August 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $1.196M $28.00K $110.0K
YoY Change 11860.0% 133.33% -73.81%
Cost Of Revenue $31.00K $62.00K
YoY Change 158.33% -81.76%
Gross Profit -$3.000K $48.00K
YoY Change -31.43%
Gross Profit Margin -10.71% 43.64%
Selling, General & Admin $1.733M $1.474M $4.298M
YoY Change -63.26% -63.18% -62.95%
% of Gross Profit 8954.17%
Research & Development $43.00K $104.0K -$24.00K
YoY Change -84.81% -68.77% -102.7%
% of Gross Profit -50.0%
Depreciation & Amortization $17.00K $52.00K $28.00K
YoY Change -77.33% -79.2% -97.89%
% of Gross Profit 58.33%
Operating Expenses $2.201M $1.617M $3.732M
YoY Change -36.15% -78.77% -83.47%
Operating Profit -$1.005M -$1.589M -$3.684M
YoY Change -71.34% -79.11% -83.63%
Interest Expense -$542.0K -$199.0K
YoY Change -210.16% -99.22%
% of Operating Profit
Other Income/Expense, Net -$948.0K -$575.0K $24.00K
YoY Change 2212.2% -591.45% -140.0%
Pretax Income -$1.953M -$2.164M -$3.859M
YoY Change -46.64% -80.83% -91.97%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.946M -$2.163M -$4.771M
YoY Change -46.83% -80.85% -90.07%
Net Earnings / Revenue -162.71% -7725.0% -4337.27%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.24 -$0.70
COMMON SHARES
Basic Shares Outstanding 13.63M shares 10.67M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.00K $38.00K
YoY Change -85.0% -99.31%
Cash & Equivalents $34.00K $33.00K $38.00K
Short-Term Investments
Other Short-Term Assets $162.0K $104.0K $109.0K
YoY Change 52.83% -0.95% -4.39%
Inventory $0.00
Prepaid Expenses $502.0K $76.00K $86.00K
Receivables $2.001M $276.0K
Other Receivables $0.00
Total Short-Term Assets $2.909M $489.0K $233.0K
YoY Change 12.53% -85.31% -98.11%
LONG-TERM ASSETS
Property, Plant & Equipment $387.0K $227.0K $14.00K
YoY Change
Goodwill $33.16M $2.369M
YoY Change
Intangibles $2.105M $2.363M $378.0K
YoY Change 395.39% -81.5%
Long-Term Investments
YoY Change
Other Assets $114.0K
YoY Change -99.46%
Total Long-Term Assets $39.76M $6.417M $492.0K
YoY Change 7182.42% 792.49% -97.87%
TOTAL ASSETS
Total Short-Term Assets $2.909M $489.0K $233.0K
Total Long-Term Assets $39.76M $6.417M $492.0K
Total Assets $42.67M $6.906M $725.0K
YoY Change 1262.86% 70.64% -97.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.204M $5.307M $4.556M
YoY Change 70.35% 31.98% 31.45%
Accrued Expenses $12.56M $1.954M $1.696M
YoY Change 721.79% 39.67% 62.3%
Deferred Revenue
YoY Change
Short-Term Debt $7.982M $0.00
YoY Change
Long-Term Debt Due $4.203M
YoY Change 198.09%
Total Short-Term Liabilities $34.35M $21.31M $14.34M
YoY Change 154.12% 109.75% 107.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $100.0K $219.0K $489.0K
YoY Change -86.07% -76.2% -97.56%
Total Long-Term Liabilities $100.0K $219.0K $489.0K
YoY Change -86.07% -76.2% -97.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.35M $21.31M $14.34M
Total Long-Term Liabilities $100.0K $219.0K $489.0K
Total Liabilities $60.23M $23.07M $14.83M
YoY Change 323.11% 108.3% -48.34%
SHAREHOLDERS EQUITY
Retained Earnings -$183.7M -$181.7M -$177.1M
YoY Change 6.64% 7.75% 20.26%
Common Stock $1.000K $1.000K $1.000K
YoY Change -83.33% -80.0% -66.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$17.51M -$16.13M -$14.10M
YoY Change
Total Liabilities & Shareholders Equity $42.67M $6.906M $725.0K
YoY Change 1262.86% 70.64% -97.95%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income -$1.946M -$2.163M -$4.771M
YoY Change -46.83% -80.85% -90.07%
Depreciation, Depletion And Amortization $17.00K $52.00K $28.00K
YoY Change -77.33% -79.2% -97.89%
Cash From Operating Activities -$1.165M -$480.0K
YoY Change -39.95% -90.94%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$259.0K $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
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.454M 476.0K
YoY Change -4.8%
NET CHANGE
Cash From Operating Activities -1.165M -480.0K
Cash From Investing Activities -259.0K 0.000
Cash From Financing Activities 1.454M 476.0K
Net Change In Cash 30.00K -4.000K
YoY Change -101.55% -99.92%
FREE CASH FLOW
Cash From Operating Activities -$1.165M -$480.0K
Capital Expenditures $0.00
Free Cash Flow -$1.165M
YoY Change -39.95%

Facts In Submission

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CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
68000 usd
CY2024Q2 FOXO Stock Issued During Period Value Shares Issuable Under Terms Of Note Payable
StockIssuedDuringPeriodValueSharesIssuableUnderTermsOfNotePayable
28000 usd
CY2024Q2 FOXO Stock Issued During Period Value Shares Issued To Lgh Under Terms Of Note Payable
StockIssuedDuringPeriodValueSharesIssuedToLghUnderTermsOfNotePayable
57000 usd
CY2024Q2 FOXO Stock Issued During Period Value Shares Issued For Legal Settlement
StockIssuedDuringPeriodValueSharesIssuedForLegalSettlement
286000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
43000 usd
CY2024Q2 FOXO Stock Issued During Period Shares Shares Issuable For Myrtle Acquisition
StockIssuedDuringPeriodSharesSharesIssuableForMyrtleAcquisition
235000 usd
CY2024Q2 FOXO Stock Issued During Period Shares Shares Issuable To Institutional Investors Under Terms Of Senior Notes Payable
StockIssuedDuringPeriodSharesSharesIssuableToInstitutionalInvestorsUnderTermsOfSeniorNotesPayable
255000 usd
CY2024Q2 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
38000 usd
CY2024Q2 FOXO Stock Issued During Period Shares Deemed Dividends From Trigger Of Down Round Provisions Of Assumed Warrant
StockIssuedDuringPeriodSharesDeemedDividendsFromTriggerOfDownRoundProvisionsOfAssumedWarrant
310000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-16167000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-16167000 usd
us-gaap Profit Loss
ProfitLoss
-3668000 usd
us-gaap Profit Loss
ProfitLoss
-18932000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
522000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1176000 usd
FOXO Loss From Note Amendment And Debenture Release
LossFromNoteAmendmentAndDebentureRelease
-3521000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
187000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1673000 usd
FOXO Amortization Of Consulting Fees Paid In Common Stock
AmortizationOfConsultingFeesPaidInCommonStock
101000 usd
FOXO Amortization Of Consulting Fees Paid In Common Stock
AmortizationOfConsultingFeesPaidInCommonStock
2221000 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
2633000 usd
us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
100000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-8000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-208000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
504000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
275000 usd
FOXO Legal Settlement Paid In Common Stock
LegalSettlementPaidInCommonStock
286000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
282000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
448000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1000 usd
us-gaap Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
-11000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-61000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1435000 usd
FOXO Increase Decrease In Change In Rightofuse Lease Obligation Change In Rightofuse Lease Asset
IncreaseDecreaseInChangeInRightofuseLeaseObligationChangeInRightofuseLeaseAsset
-1458000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-13000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-9000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1170000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
555000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1001000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-116000 usd
FOXO Increase Decrease In Change In Rightofuse Lease Liability
IncreaseDecreaseInChangeInRightofuseLeaseLiability
-1458000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
551000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5300000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
259000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2122000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2381000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
265000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
48000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1608000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1825000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-5000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-5300000 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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
215000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_809_eus-gaap--NatureOfOperations_zz7V1GvYQCmd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 45.35pt; text-align: justify; text-indent: -45.35pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">Note 1 <span id="xdx_82B_zL2yBoBbrtLg">DESCRIPTION OF BUSINESS</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 and, with the acquisition of Myrtle Recovery Centers, Inc. (“Myrtle”) effective on June 14, 2024, the Company offers behavioral health services, including substance abuse treatment. The acquisition of Myrtle is more fully discussed in Note 5.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Segments</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company manages and classifies its business into two reportable business segments: (i) Healthcare; and (ii) Labs and Life. Previously, Labs and Life were treated as separate segments, however, with the acquisition of Myrtle, the Company’s operational focus shifted such that it was appropriate to combine its Labs and Life segments and to operate Myrtle under the Company’s newly formed Healthcare segment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>The Business Combination</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the Closing, FOXO became a holding company whose wholly-owned subsidiary, FOXO Technologies Operating Company, conducted 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. On June 14, 2024, FOXO acquired Myrtle as more fully discussed in Note 5.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4633000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21398000 usd
CY2024Q2 FOXO Working Capital Deficit
WorkingCapitalDeficit
20817000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-16167000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
551000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5300000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-14900000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_844_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zsOOVoaBkEbe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_86D_zZsqbpV11Rwc">RECLASSIFICATIONS</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain items in the 2023 financial statements have been reclassified for comparison purposes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
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CY2024Q2 FOXO Contractual Allowances
ContractualAllowances
90000 usd
FOXO Contractual Allowances
ContractualAllowances
90000 usd
CY2024Q2 FOXO Contractual Allowance Related Adjustments
ContractualAllowanceRelatedAdjustments
90000 usd
FOXO Contractual Allowance Related Adjustments
ContractualAllowanceRelatedAdjustments
90000 usd
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
13334 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
398700 shares
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2163000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-11293000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3667000 usd
us-gaap Net Income Loss
NetIncomeLoss
-18932000 usd
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
310000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2466000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
966000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2466000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2473000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13759000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4633000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21398000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5793128000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1287728000 shares
CY2023Q2 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
500000 usd
CY2023Q2 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
500000 usd
CY2023Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2369000 usd
CY2024Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
505000 usd
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
500000 usd
FOXO Legal Costs
LegalCosts
5000 usd
CY2024Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
137000 usd
CY2023Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
12000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
316000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
25000 usd
CY2024Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-2394000 usd
CY2023Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-11361000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-4441000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-19077000 usd
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
310000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2466000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
966000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2466000 usd
CY2024Q2 FOXO Business Acquisition Pro Forma Net Income Loss Available To Common Stockholders Basic
BusinessAcquisitionProFormaNetIncomeLossAvailableToCommonStockholdersBasic
-2704000 usd
CY2023Q2 FOXO Business Acquisition Pro Forma Net Income Loss Available To Common Stockholders Basic
BusinessAcquisitionProFormaNetIncomeLossAvailableToCommonStockholdersBasic
-13827000 usd
FOXO Business Acquisition Pro Forma Net Income Loss Available To Common Stockholders Basic
BusinessAcquisitionProFormaNetIncomeLossAvailableToCommonStockholdersBasic
-5407000 usd
FOXO Business Acquisition Pro Forma Net Income Loss Available To Common Stockholders Basic
BusinessAcquisitionProFormaNetIncomeLossAvailableToCommonStockholdersBasic
-21543000 usd
CY2024Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.24
CY2024Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.24
CY2023Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-3.59
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BusinessAcquisitionProFormaEarningsPerShareDiluted
-3.59
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.51
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.51
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-5.99
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-5.99
CY2024Q2 FOXO Business Acquisition Pro Forma Weighted Average Number Of Shares Outstanding Basic
BusinessAcquisitionProFormaWeightedAverageNumberOfSharesOutstandingBasic
11365 shares
CY2024Q2 FOXO Business Acquisition Pro Forma Weighted Average Number Of Diluted Shares Outstanding
BusinessAcquisitionProFormaWeightedAverageNumberOfDilutedSharesOutstanding
11365 shares
CY2023Q2 FOXO Business Acquisition Pro Forma Weighted Average Number Of Shares Outstanding Basic
BusinessAcquisitionProFormaWeightedAverageNumberOfSharesOutstandingBasic
3851 shares
CY2023Q2 FOXO Business Acquisition Pro Forma Weighted Average Number Of Diluted Shares Outstanding
BusinessAcquisitionProFormaWeightedAverageNumberOfDilutedSharesOutstanding
3851 shares
FOXO Business Acquisition Pro Forma Weighted Average Number Of Shares Outstanding Basic
BusinessAcquisitionProFormaWeightedAverageNumberOfSharesOutstandingBasic
10653 shares
FOXO Business Acquisition Pro Forma Weighted Average Number Of Diluted Shares Outstanding
BusinessAcquisitionProFormaWeightedAverageNumberOfDilutedSharesOutstanding
10653 shares
FOXO Business Acquisition Pro Forma Weighted Average Number Of Shares Outstanding Basic
BusinessAcquisitionProFormaWeightedAverageNumberOfSharesOutstandingBasic
3598 shares
FOXO Business Acquisition Pro Forma Weighted Average Number Of Diluted Shares Outstanding
BusinessAcquisitionProFormaWeightedAverageNumberOfDilutedSharesOutstanding
3598 shares
CY2024Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1566000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1290000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
276000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
257000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
37000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
227000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
4000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
9000 usd
us-gaap Depreciation
Depreciation
7000 usd
us-gaap Depreciation
Depreciation
18000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
729000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
214000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2363000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
378000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
258000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
237000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
515000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1159000 usd
CY2023Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
2633000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
2369000 usd
CY2024Q2 us-gaap Notes Payable
NotesPayable
7982000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
4203000 usd
CY2024Q2 us-gaap Notes Payable Current
NotesPayableCurrent
7982000 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
4203000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1458000 usd
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OperatingLeaseLiabilityCurrent
110000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1348000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1458000 usd
CY2024Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P5Y10M24D
CY2024Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.220 pure
CY2024Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
4000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
4000 usd
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
15000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
15000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
421000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
433000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
446000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
460000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
473000 usd
CY2024Q2 FOXO Lessee Operating Lease Liability Payments Due In Rolling Year Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThereafter
464000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2697000 usd
CY2024Q2 us-gaap Interest Receivable
InterestReceivable
1239000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1458000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
110000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1348000 usd
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q2 FOXO Shares Authorized
SharesAuthorized
510000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q4 FOXO Percentage Of Exercise Price
PercentageOfExercisePrice
1.10 pure
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
25672 shares
CY2024Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
598877 shares
CY2024Q1 us-gaap Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
2024-02-24
FOXO Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Exerciable
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsExerciable
4438813 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.23
CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
25868 shares
CY2023Q1 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
5002000 usd
CY2023Q1 us-gaap Payments For Merger Related Costs
PaymentsForMergerRelatedCosts
200000 usd
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
251000 usd
CY2023Q2 FOXO Merger Consideration And Buyers Third Party Expenses Transaction Gain
MergerConsiderationAndBuyersThirdPartyExpensesTransactionGain
4751000 usd
CY2024Q2 us-gaap Assets
Assets
6906000 usd
CY2023Q4 us-gaap Assets
Assets
725000 usd
CY2024Q2 us-gaap Revenues
Revenues
28000 usd
CY2023Q2 us-gaap Revenues
Revenues
12000 usd
CY2024Q2 FOXO Net Income Loss From Segments
NetIncomeLossFromSegments
-570000 usd
CY2023Q2 FOXO Net Income Loss From Segments
NetIncomeLossFromSegments
-557000 usd
CY2023Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
2633000 usd
CY2023Q2 FOXO Loss From Pik Note Amendment And Debenture Release
LossFromPikNoteAmendmentAndDebentureRelease
-3521000 usd
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
542000 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
492000 usd
CY2024Q2 us-gaap Revenues
Revenues
28000 usd
CY2023Q2 us-gaap Revenues
Revenues
12000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2163000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-11293000 usd
CY2024Q2 FOXO Amortization Of Consulting Fees
AmortizationOfConsultingFees
144000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
52000 usd
CY2023Q2 FOXO Amortization Of Consulting Fees
AmortizationOfConsultingFees
1268000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
247000 usd
us-gaap Revenues
Revenues
35000 usd
us-gaap Revenues
Revenues
25000 usd
FOXO Net Income Loss From Segments
NetIncomeLossFromSegments
-937000 usd
FOXO Net Income Loss From Segments
NetIncomeLossFromSegments
-1494000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
2633000 usd
FOXO Loss From Pik Note Amendment And Debenture Release
LossFromPikNoteAmendmentAndDebentureRelease
-3521000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
843000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
717000 usd
us-gaap Revenues
Revenues
35000 usd
us-gaap Revenues
Revenues
25000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3667000 usd
us-gaap Net Income Loss
NetIncomeLoss
-18932000 usd
FOXO Amortization Of Consulting Fees
AmortizationOfConsultingFees
288000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
104000 usd
FOXO Amortization Of Consulting Fees
AmortizationOfConsultingFees
3894000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1176000 usd
CY2024Q2 FOXO Accrued Settlement
AccruedSettlement
1974000 usd
CY2023Q4 FOXO Accrued Settlement
AccruedSettlement
2260000 usd
CY2022Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
6207000 usd
CY2023 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
300000 usd
CY2024Q2 us-gaap Accelerated Share Repurchases Settlement Payment Or Receipt
AcceleratedShareRepurchasesSettlementPaymentOrReceipt
50000 usd
FOXO Revenues Received Percentage
RevenuesReceivedPercentage
0.15 pure
us-gaap Severance Costs1
SeveranceCosts1
1575000 usd
CY2023 us-gaap Severance Costs1
SeveranceCosts1
1575000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Severance Payments
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsSeverancePayments
462000 usd
FOXO Debenture Release
DebentureRelease
2181000 usd
FOXO Payment In Kind Note Amendment
PaymentInKindNoteAmendment
1339000 usd
FOXO Deemed Dividends From Exchange Offer
DeemedDividendsFromExchangeOffer
2466000 usd
FOXO Deemed Dividends From Trigger Of Down Round Provisions And Extension Of Assumed Warrants
DeemedDividendsFromTriggerOfDownRoundProvisionsAndExtensionOfAssumedWarrants
966000 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
340000 usd
FOXO Warrants Issuable For Finders Fees
WarrantsIssuableForFindersFees
60000 usd
FOXO Stock Issued During Period Shares Shares Issuable For Acquisition
StockIssuedDuringPeriodSharesSharesIssuableForAcquisition
235000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001493152-24-032961-index-headers.html Edgar Link pending
0001493152-24-032961-index.html Edgar Link pending
0001493152-24-032961.txt Edgar Link pending
0001493152-24-032961-xbrl.zip Edgar Link pending
ex10-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
foxo-20240630.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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foxo-20240630_cal.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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report.css Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
foxo-20240630_def.xml Edgar Link unprocessable
foxo-20240630_pre.xml Edgar Link unprocessable
foxo-20240630_lab.xml Edgar Link unprocessable