2023 Q4 Form 10-K Financial Statement

#000095017023064515 Filed on November 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2022 Q4 2022
Revenue $18.74M $59.46M
YoY Change
Cost Of Revenue $1.701M $5.571M
YoY Change
Gross Profit $17.04M $53.88M
YoY Change
Gross Profit Margin 90.92% 90.63%
Selling, General & Admin $34.47M $93.33M
YoY Change 93225.0%
% of Gross Profit 202.27% 173.2%
Research & Development $3.765M $24.68M
YoY Change 38.63%
% of Gross Profit 22.1% 45.8%
Depreciation & Amortization $4.166M $2.300M
YoY Change -8.0%
% of Gross Profit 24.45% 4.27%
Operating Expenses $42.40M $240.4M
YoY Change 11427.7%
Operating Profit -$25.36M -$181.0M
YoY Change 80.32%
Interest Expense -$25.00K $14.18M
YoY Change 19805.95%
% of Operating Profit
Other Income/Expense, Net -$8.316M $44.27M
YoY Change -7410.05%
Pretax Income -$33.70M -$136.7M
YoY Change 5117.79%
Income Tax -$166.0K -$638.0K
% Of Pretax Income
Net Earnings -$33.53M -$136.1M
YoY Change 5093.44%
Net Earnings / Revenue -178.92% -228.85%
Basic Earnings Per Share -$5.00
Diluted Earnings Per Share -$0.36 -$5.00
COMMON SHARES
Basic Shares Outstanding 92.94M 27.22K
Diluted Shares Outstanding 27.22K

Balance Sheet

Concept 2023 Q4 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.62M $64.29M
YoY Change 53127.92%
Cash & Equivalents $15.62M $64.29M $64.29M
Short-Term Investments
Other Short-Term Assets $10.13M $9.684M
YoY Change 3786.5%
Inventory
Prepaid Expenses
Receivables $853.0K $533.0K $533.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $26.61M $74.51M $74.51M
YoY Change -64.29% 20040.45% 20040.29%
LONG-TERM ASSETS
Property, Plant & Equipment $20.67M $10.45M $23.74M
YoY Change 97.74% -2.61%
Goodwill $95.87M $92.73M
YoY Change 3.39% -24.49%
Intangibles $13.36M $11.03M
YoY Change 21.13% -41.51%
Long-Term Investments
YoY Change
Other Assets $4.635M $3.371M $3.417M
YoY Change 37.5% 8105.94% 8217.92%
Total Long-Term Assets $134.5M $130.9M $130.9M
YoY Change 2.77% -49.43% -49.43%
TOTAL ASSETS
Total Short-Term Assets $26.61M $74.51M $74.51M
Total Long-Term Assets $134.5M $130.9M $130.9M
Total Assets $161.1M $205.4M $205.4M
YoY Change -21.56% -20.76% -20.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.55M $3.652M $3.652M
YoY Change 325.85% 184.43% 184.43%
Accrued Expenses $63.57M $51.06M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $19.90M $1.200M $1.211M
YoY Change 1558.67%
Total Short-Term Liabilities $99.71M $56.94M $56.94M
YoY Change 75.1% 4167.74% 4167.74%
LONG-TERM LIABILITIES
Long-Term Debt $42.59M $4.400M $60.04M
YoY Change 867.98%
Other Long-Term Liabilities $15.51M $17.96M
YoY Change 336.44%
Total Long-Term Liabilities $58.10M $4.400M $78.00M
YoY Change 1220.41% 6.91% 1795.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $99.71M $56.94M $56.94M
Total Long-Term Liabilities $58.10M $4.400M $78.00M
Total Liabilities $158.0M $135.9M $135.9M
YoY Change 16.26% 2394.0% 2394.0%
SHAREHOLDERS EQUITY
Retained Earnings -$876.0M -$762.0M
YoY Change 14.95% 15020.8%
Common Stock $859.2M $9.000K
YoY Change 9546255.56% 44900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.119M $69.50M $69.50M
YoY Change
Total Liabilities & Shareholders Equity $161.1M $205.4M $205.4M
YoY Change -21.56% -20.76% -20.76%

Cashflow Statement

Concept 2023 Q4 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$33.53M -$136.1M
YoY Change 5093.44%
Depreciation, Depletion And Amortization $4.166M $2.300M
YoY Change -8.0%
Cash From Operating Activities -$12.16M -$132.5M
YoY Change 11664.04%
INVESTING ACTIVITIES
Capital Expenditures $1.125M $2.257M
YoY Change 49.97%
Acquisitions
YoY Change
Other Investing Activities $1.000K $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.124M -$3.351M
YoY Change -98.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.795M 138.2M
YoY Change -46.86%
NET CHANGE
Cash From Operating Activities -12.16M -132.5M
Cash From Investing Activities -1.124M -3.351M
Cash From Financing Activities 2.795M 138.2M
Net Change In Cash -10.49M 1.428M
YoY Change 1082.22%
FREE CASH FLOW
Cash From Operating Activities -$12.16M -$132.5M
Capital Expenditures $1.125M $2.257M
Free Cash Flow -$13.29M -$134.8M
YoY Change 5021.9%

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CY2021 us-gaap Net Income Loss
NetIncomeLoss
-120063000
CY2022 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
10141000
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
11977000
CY2022 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
11129000
CY2021 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
9915000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
9127000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
11468000
CY2022 getr Compensation Expense Related To Share Repurchase And Shareholder Note Settlement
CompensationExpenseRelatedToShareRepurchaseAndShareholderNoteSettlement
12846000
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
7017000
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
93029000
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-5383000
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
31749000
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
15353000
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
1897000
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
6000
CY2022 getr Noncashoperatingleaseexpense
Noncashoperatingleaseexpense
955000
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4609000
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
978000
CY2022 getr Amortization Of Stock Transfer Agreement
AmortizationOfStockTransferAgreement
148000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-6000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
11000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
23269000
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
838000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-58000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-78000
CY2022 getr Non Cash Transaction Cost
NonCashTransactionCost
17640000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9820000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9144000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
463000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1388000
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1607000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3247000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-149000
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1517000
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
3721000
CY2022 getr Increase Decrease In Host Payments And Insurance Fees
IncreaseDecreaseInHostPaymentsAndInsuranceFees
-972000
CY2021 getr Increase Decrease In Host Payments And Insurance Fees
IncreaseDecreaseInHostPaymentsAndInsuranceFees
2137000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-9083000
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4806000
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
685000
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
480000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
385000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-140000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-132529000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-81046000
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1094000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2257000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1505000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
414000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3351000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1091000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
166000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1352000
CY2021 getr Proceeds From Issuance Of Redeemable Convertible Preferred Stock One
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStockOne
616000
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
912000
CY2021 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
29420000
CY2021 getr Proceedsfromwarrantexcercisestwo
Proceedsfromwarrantexcercisestwo
1000
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
73718000
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
169750000
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
30770000
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
4750000
CY2022 getr Proceeds From Braemar Subordinated Promissory Note
ProceedsFromBraemarSubordinatedPromissoryNote
2000000
CY2022 getr Proceeds From The Recapitalization Of Getaround Shares
ProceedsFromTheRecapitalizationOfGetaroundShares
15668000
CY2021 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
-25000000
CY2022 getr Repayment Of Deutsche Bank Loan
RepaymentOfDeutscheBankLoan
-75000000
CY2022 getr Deutsche Bank Loan Repayment And Extinguishment Fees Including Accrued But Unpaid Interest
DeutscheBankLoanRepaymentAndExtinguishmentFeesIncludingAccruedButUnpaidInterest
-4331000
CY2022 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
302000
CY2021 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
177000
CY2022 getr Repurchase Of Shares From Related Party
RepurchaseOfSharesFromRelatedParty
-5313000
CY2021 getr Loan Repayment And Extinguishment Fees
LoanRepaymentAndExtinguishmentFees
1875000
CY2021 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
6998000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
138158000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
85965000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-850000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1641000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1428000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2187000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66466000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
64279000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
67894000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66466000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
6508000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
6392000
CY2022 getr Exercise Of Warrants Into Convertible Redeemable Preferred Stock Value One
ExerciseOfWarrantsIntoConvertibleRedeemablePreferredStockValueOne
408000
CY2021 getr Exercise Of Warrants Into Convertible Redeemable Preferred Stock Value One
ExerciseOfWarrantsIntoConvertibleRedeemablePreferredStockValueOne
3213000
CY2021 getr Exercise Of Warrants Into Convertible Redeemable Preferred Stock Value
ExerciseOfWarrantsIntoConvertibleRedeemablePreferredStockValue
301000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
72000
CY2021 getr Stock Issued To Settle Liability
StockIssuedToSettleLiability
1099000
CY2021 getr Receivable At Period End From Exercise Of Common Stock Options
ReceivableAtPeriodEndFromExerciseOfCommonStockOptions
13000
CY2022 getr Exercise Of Series B Preferred Stock Warrants Into Series B Convertible Redeemable Preferred Stock
ExerciseOfSeriesBPreferredStockWarrantsIntoSeriesBConvertibleRedeemablePreferredStock
240000
CY2022 getr Conversion Of Convertible Promissory Notes And Bridge Loans To Common Stock
ConversionOfConvertiblePromissoryNotesAndBridgeLoansToCommonStock
89136000
CY2022 getr Non Cash Or Part Non Cash Issuance Of Braemar Stock Transfer Agreement
NonCashOrPartNonCashIssuanceOfBraemarStockTransferAgreement
-1498000
CY2022 getr Warrant Conversion To Common Stock Due To Business Combination
WarrantConversionToCommonStockDueToBusinessCombination
81303000
CY2022 getr Incremental Guarantee Commission Owed To Pge Lender
IncrementalGuaranteeCommissionOwedToPgeLender
-53000
CY2022 getr Conversion Of Iheart Media Note Payable To Common Stock
ConversionOfIheartMediaNotePayableToCommonStock
388000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
64294000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
62516000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
3600000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
3950000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
67894000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66466000
CY2022Q4 getr Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.32025
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-136100000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-120100000
CY2022Q4 getr Unrestricted Cash And Cash Equivalents
UnrestrictedCashAndCashEquivalents
64300000
CY2021Q4 getr Unrestricted Cash And Cash Equivalents
UnrestrictedCashAndCashEquivalents
62500000
getr Change In Fair Value Of The Convertible Notes Payable
ChangeInFairValueOfTheConvertibleNotesPayable
8600000
getr Change In Fair Value Of The Convertible Notes Payable
ChangeInFairValueOfTheConvertibleNotesPayable
3500000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:3.333%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying notes. The most significant matters involving management’s estimates include those related to accounts receivable, claims allowances, assessment of possible impairment of its intangibles and long-lived assets, valuation of deferred income tax assets, fair value of preferred stock warrants, certain convertible notes payable and stock-based awards. Actual results may ultimately differ from management’s estimates.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2021Q4 getr Accrued Host Payments And Insurance Fees
AccruedHostPaymentsAndInsuranceFees
13400000
CY2021Q4 getr Prepaid Compensation
PrepaidCompensation
120000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
284000
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1440000
CY2022Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
116000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk and Other Risks and Uncertainties</span></p><p style="text-indent:3.333%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company deposits its cash and cash equivalents with major financial institutions that management believes are of high credit quality; however, at times, deposits may exceed the amount of insurance provided on such deposits, if any. The Company has not experienced any losses on its deposits since inception.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:3.333%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">On March 10, 2023, Silicon Valley Bank (“SVB”) was closed by the California Department of Financial Protection and Innovation, which immediately appointed the Federal Deposit Insurance Corporation (“FDIC”) as receiver. SVB held $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">47.0</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million and $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">3.6</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million of the Company’s cash and cash equivalents and restricted cash, respectively, as of December 31, 2022. The Company’s full exposure was ultimately covered by the FDIC and no loss was incurred.</span></p><p style="text-indent:3.333%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">As of December 31, 2022 and 2021, no single customer represented more than </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">10</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of accounts receivable, and during the years ended December 31, 2022 and 2021, no single customer represented more than </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">10</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of the Company’s total revenue.</span></p>
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3600000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000000.0
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3500000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6900000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
11100000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9900000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
23300000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2022 getr Percentage Of Rental Fees
PercentageOfRentalFees
0.60
CY2021 getr Percentage Of Rental Fees
PercentageOfRentalFees
0.70
CY2022Q4 getr Accrued Host Payments And Insurance Fees
AccruedHostPaymentsAndInsuranceFees
11800000
CY2022 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<p style="text-indent:0;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Lease Revenue</span></p><p style="text-indent:3.333%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company accounts for lease revenue earned from parking, vehicle rentals and rental-related activities wherein an arrangement involves the use of assets that are explicitly identified and conveys the right to use the specific assets under ASC 842, Leases.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:3.333%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company has operating leases for parking spaces. Designated parking spaces are leased by the Company from various garage operators and municipalities within certain metropolitan markets and are made available for rental on a monthly subscription basis to third-party vehicle owners. The Company is solely responsible for paying parking costs to the garage operators regardless of whether the parking spaces are rented by third-party vehicle owners on the platform and accordingly recognizes parking lease revenue on a gross basis. Parking lease revenue includes direct lease fees and associated executory costs and are recognized on a straight-line basis evenly over the period of rental.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
713000
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
644000
CY2022 getr Auto Insurance Costs
AutoInsuranceCosts
2300000
CY2021 getr Auto Insurance Costs
AutoInsuranceCosts
1700000
CY2022 getr Claims Support Costs
ClaimsSupportCosts
18900000
CY2021 getr Claims Support Costs
ClaimsSupportCosts
17600000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15200000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13100000
CY2022 getr Technology And Product Development Expenses
TechnologyAndProductDevelopmentExpenses
22900000
CY2021 getr Technology And Product Development Expenses
TechnologyAndProductDevelopmentExpenses
17700000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
19400000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
10900000
CY2022Q4 getr Prepaid Subscriptions
PrepaidSubscriptions
694000
CY2021Q4 getr Prepaid Subscriptions
PrepaidSubscriptions
1061000
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
601000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
681000
CY2022Q4 getr Prepaid Compensation
PrepaidCompensation
284000
CY2022 getr Uncertain Income Tax Position Will Not Be Recognized Percentage Of Likelihood Of Being Sustained
UncertainIncomeTaxPositionWillNotBeRecognizedPercentageOfLikelihoodOfBeingSustained
0.50
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2021Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
600000
CY2021Q4 getr Lease Incentive Obligation Liabilities
LeaseIncentiveObligationLiabilities
6700000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14300000
CY2022Q1 getr Offsettingdeferredrentandleaseincentives
Offsettingdeferredrentandleaseincentives
7000000.0
CY2022Q1 us-gaap Prepaid Rent
PrepaidRent
300000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
21300000
CY2022 getr Number Of Trading Days Following The Closing Of Public Warrants To Reflect The Adjusted Upward Or Downward Of Weighted Average Price For Value Of Warrants
NumberOfTradingDaysFollowingTheClosingOfPublicWarrantsToReflectTheAdjustedUpwardOrDownwardOfWeightedAveragePriceForValueOfWarrants
P90D
CY2022 us-gaap Revenues
Revenues
59455000
CY2021 us-gaap Revenues
Revenues
63067000
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
600000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
700000
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
700000
CY2021Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
500000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
700000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
300000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
300000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
500000
CY2022Q4 getr Prepaid Consulting Fees
PrepaidConsultingFees
1802000
CY2021Q4 getr Prepaid Consulting Fees
PrepaidConsultingFees
27000
CY2021Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
699000
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1590000
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1218000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6084000
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Goodwill
Goodwill
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CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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FiniteLivedIntangibleAssetWeightedAveragePeriodBeforeNextRenewalOrExtension
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2021Q4 us-gaap Accrued Insurance Current
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CY2022Q4 us-gaap Long Term Debt Noncurrent
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LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2022Q4 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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22098
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22098
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.00
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.00
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.43
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.43
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
40594791
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
58857365
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
23735000
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
10731000
CY2022 dei Auditor Firm
AuditorFirmId
3501

Files In Submission

Name View Source Status
getr-20221231_cal.xml Edgar Link unprocessable
getr-20221231_lab.xml Edgar Link unprocessable
getr-20221231_pre.xml Edgar Link unprocessable
0000950170-23-064515-index-headers.html Edgar Link pending
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0000950170-23-064515.txt Edgar Link pending
0000950170-23-064515-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
getr-20221231.htm Edgar Link pending
getr-20221231.xsd Edgar Link pending
getr-ex10_8.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
getr-20221231_htm.xml Edgar Link completed
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getr-20221231_def.xml Edgar Link unprocessable