2022 Q4 Form 10-K Financial Statement

#000095017023005066 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022
Revenue $677.2M $3.952B
YoY Change -21.94% 90.89%
Cost Of Revenue $678.0M $3.770B
YoY Change -14.96% 102.4%
Gross Profit -$760.0K $182.4M
YoY Change -101.08% -12.22%
Gross Profit Margin -0.11% 4.62%
Selling, General & Admin $62.06M $297.6M
YoY Change -2.66% 67.98%
% of Gross Profit 163.17%
Research & Development $2.978M $12.09M
YoY Change -6.85% 11.33%
% of Gross Profit 6.63%
Depreciation & Amortization $258.0K $1.022M
YoY Change 186.67% 104.4%
% of Gross Profit 0.56%
Operating Expenses $65.04M $309.7M
YoY Change -2.86% 64.71%
Operating Profit -$65.80M -$127.3M
YoY Change -2072.98% -744.12%
Interest Expense -$15.14M $45.99M
YoY Change 144.98% 190.2%
% of Operating Profit
Other Income/Expense, Net $4.221M -$20.94M
YoY Change -73.03% 59.39%
Pretax Income -$120.8M -$148.3M
YoY Change -1043.41% -2346.97%
Income Tax $324.0K $359.0K
% Of Pretax Income
Net Earnings -$121.1M -$148.6M
YoY Change -1045.94% -2400.51%
Net Earnings / Revenue -17.89% -3.76%
Basic Earnings Per Share -$0.61
Diluted Earnings Per Share -$0.49 -$0.61
COMMON SHARES
Basic Shares Outstanding 245.1M
Diluted Shares Outstanding 245.1M

Balance Sheet

Concept 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.24M $97.24M
YoY Change -42.74% -42.74%
Cash & Equivalents $97.24M
Short-Term Investments
Other Short-Term Assets $49.89M $49.89M
YoY Change 44.93% 44.93%
Inventory $664.7M $664.7M
Prepaid Expenses
Receivables $2.350M $2.350M
Other Receivables $0.00 $0.00
Total Short-Term Assets $814.2M $814.2M
YoY Change -39.38% -39.38%
LONG-TERM ASSETS
Property, Plant & Equipment $5.194M $10.66M
YoY Change 0.93% 7.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.696M $227.0K
YoY Change 14.86% 29.71%
Total Long-Term Assets $10.89M $10.89M
YoY Change 7.77% 7.77%
TOTAL ASSETS
Total Short-Term Assets $814.2M $814.2M
Total Long-Term Assets $10.89M $10.89M
Total Assets $825.1M $825.1M
YoY Change -39.02% -39.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.647M $4.647M
YoY Change -27.38% -27.38%
Accrued Expenses $28.25M $28.25M
YoY Change -19.34% -19.34%
Deferred Revenue
YoY Change
Short-Term Debt $666.1M $666.1M
YoY Change -35.09% -35.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $699.0M $699.0M
YoY Change -34.53% -34.53%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.689M $4.228M
YoY Change -3.68% -84.84%
Total Long-Term Liabilities $3.689M $4.228M
YoY Change -3.68% -84.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $699.0M $699.0M
Total Long-Term Liabilities $3.689M $4.228M
Total Liabilities $703.2M $703.2M
YoY Change -35.81% -35.81%
SHAREHOLDERS EQUITY
Retained Earnings -$280.7M
YoY Change 112.54%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $121.9M $121.9M
YoY Change
Total Liabilities & Shareholders Equity $825.1M $825.1M
YoY Change -39.02% -39.02%

Cashflow Statement

Concept 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$121.1M -$148.6M
YoY Change -1045.94% -2400.51%
Depreciation, Depletion And Amortization $258.0K $1.022M
YoY Change 186.67% 104.4%
Cash From Operating Activities $397.3M $305.4M
YoY Change -283.01% -133.13%
INVESTING ACTIVITIES
Capital Expenditures $153.0K $1.070M
YoY Change -296.15% -92.18%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$153.0K -$1.070M
YoY Change 96.15% -90.82%
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 -480.5M -358.5M
YoY Change -274.77% -133.28%
NET CHANGE
Cash From Operating Activities 397.3M 305.4M
Cash From Investing Activities -153.0K -1.070M
Cash From Financing Activities -480.5M -358.5M
Net Change In Cash -83.37M -54.13M
YoY Change -244.3% -137.67%
FREE CASH FLOW
Cash From Operating Activities $397.3M $305.4M
Capital Expenditures $153.0K $1.070M
Free Cash Flow $397.2M $304.3M
YoY Change -283.0% -132.53%

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CY2021Q4 opad Secured Credit Facilities And Notes Payable
SecuredCreditFacilitiesAndNotesPayable
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CY2022Q4 opad Secured Credit Facilities And Notes Payable Net Related Party
SecuredCreditFacilitiesAndNotesPayableNetRelatedParty
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CY2021Q4 opad Secured Credit Facilities And Notes Payable Net Related Party
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CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1067622000
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
539000
CY2021Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
24061000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2022Q4 us-gaap Liabilities
Liabilities
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CY2021Q4 us-gaap Liabilities
Liabilities
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CY2022Q4 us-gaap Additional Paid In Capital
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CY2021Q4 us-gaap Additional Paid In Capital
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CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2020 us-gaap Fair Value Adjustment Of Warrants
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0
CY2022 us-gaap Increase Decrease In Receivables
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CY2021 us-gaap Increase Decrease In Receivables
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CY2020 us-gaap Increase Decrease In Receivables
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CY2022 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
949591000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-169079000
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
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CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
29823000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6630000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-22955000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-54134000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
143691000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
20859000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194433000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-121503000
CY2021 opad Borrowings From Credit Facilities And Notes Payable
BorrowingsFromCreditFacilitiesAndNotesPayable
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CY2020 opad Borrowings From Credit Facilities And Notes Payable
BorrowingsFromCreditFacilitiesAndNotesPayable
799997000
CY2022 opad Repayments Of Credit Facilities And Notes Payable
RepaymentsOfCreditFacilitiesAndNotesPayable
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CY2021 opad Repayments Of Credit Facilities And Notes Payable
RepaymentsOfCreditFacilitiesAndNotesPayable
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3079000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
6460000
CY2020 opad Repayments Of Credit Facilities And Notes Payable
RepaymentsOfCreditFacilitiesAndNotesPayable
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CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
646000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50742000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29883000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140299000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194433000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50742000
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7632000
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
457000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
97241000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
169817000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43938000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
46500000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
45300000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
43058000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
24616000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
6804000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140299000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194433000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50742000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
59732000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
21875000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
14048000
CY2022 opad Transfer Of Property And Equipment Net To Inventory
TransferOfPropertyAndEquipmentNetToInventory
0
CY2021 opad Transfer Of Property And Equipment Net To Inventory
TransferOfPropertyAndEquipmentNetToInventory
14464000
CY2020 opad Transfer Of Property And Equipment Net To Inventory
TransferOfPropertyAndEquipmentNetToInventory
0
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
26525000
CY2020 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
184123000
CY2020 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Significant estimates include those related to the net realizable value of inventory, among others. Actual results could differ from those estimates.</span></p>
CY2020 us-gaap Advertising Expense
AdvertisingExpense
11500000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
500000
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Financial instruments that are potentially subject to concentrations of credit risk are primarily cash and cash equivalents. Cash and cash equivalents are placed with major financial institutions deemed to be of high-credit-quality in order to limit credit exposure. Cash is regularly maintained in excess of federally insured limits at the financial institutions. Management believes that the Company is not exposed to any significant credit risk related to cash deposits.</span></p>
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
400000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
93800000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
2800000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
3200000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
300000
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2022 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Warrant Liabilities</span></p><p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company evaluates its financial instruments, including its outstanding warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. The Company has outstanding public and private warrants, both of which do not meet the criteria for equity classification and are accounted for as liabilities. Accordingly, the Company recognizes the warrants as liabilities at fair value and adjusts the warrants to fair value at each reporting period. The warrant liabilities are subject to re-measurement at each balance sheet date until exercised or expired, and any change in fair value is recognized in the Company’s consolidated statements of operations.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The fair value of the public warrants is estimated based on the quoted market price of such warrants on the valuation date. The fair value of the private warrants is estimated using the Black-Scholes-Merton option-pricing model. Refer to </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Note 8. Warrant Liabilities,</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> for further details.</span></p>
CY2022 us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
<p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Revenue Recognition</span></p><p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Revenue is recognized when (or as) performance obligations are satisfied by transferring control of the promised products or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those products or services. The Company applies the following steps in determining the timing and amount of revenue to recognize: (1) identify the contract with our customer; (2) identify the performance obligation(s) in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract, if applicable; and (5) recognize revenue when (or as) the performance obligation is satisfied.</span></p><p style="margin-left:2.667%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;margin-right:2.667%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Revenue from the sale of homes is derived from the resale of homes on the open market. Home sales revenue is recognized at the time of the closing when title to and possession of the property are transferred to the buyer. The amount of revenue recognized for each home sale is equal to the sale price of the home net of resale concessions and credits to the buyer.</span></p>
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
200000
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.025
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1600000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
1400000
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1000000.0
CY2021Q3 opad Proceeds From Business Combination
ProceedsFromBusinessCombination
284000000.0
CY2021Q3 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
51200000
CY2021Q3 us-gaap Repayments Of Debt
RepaymentsOfDebt
63400000
CY2022Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
54499000
CY2021Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
327455000
CY2022Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
440862000
CY2021Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
400308000
CY2022Q4 opad Inventory Homes Under Contract To Sell
InventoryHomesUnderContractToSell
169336000
CY2021Q4 opad Inventory Homes Under Contract To Sell
InventoryHomesUnderContractToSell
404808000
CY2022Q4 us-gaap Inventory Net
InventoryNet
664697000
CY2021Q4 us-gaap Inventory Net
InventoryNet
1132571000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7685000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6615000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2491000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1469000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5194000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5146000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2022Q4 opad Accrued And Other Current Liabilities
AccruedAndOtherCurrentLiabilities
28252000
CY2021Q4 opad Accrued And Other Current Liabilities
AccruedAndOtherCurrentLiabilities
35027000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2461000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2373000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1103000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
269000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
79000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6285000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
332000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5953000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5469000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4784000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2264000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1345000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3689000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3830000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5953000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5175000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10670000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12836000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4360000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
3537000
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
4161000
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
5795000
CY2022Q4 opad Accrued Home Renovation Payable Current
AccruedHomeRenovationPayableCurrent
3168000
CY2021Q4 opad Accrued Home Renovation Payable Current
AccruedHomeRenovationPayableCurrent
8540000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2264000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1345000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1035000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1743000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2594000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1231000
CY2022Q4 us-gaap Secured Debt Other
SecuredDebtOther
89024000
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2021Q4 us-gaap Secured Debt Other
SecuredDebtOther
33320000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4621000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6923000
CY2022Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
666065000
CY2021Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
1026196000
CY2022Q4 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
605889000
CY2021Q4 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
861762000
CY2022Q4 opad Notes And Loans Payable Related Parties Current
NotesAndLoansPayableRelatedPartiesCurrent
60176000
CY2021Q4 opad Notes And Loans Payable Related Parties Current
NotesAndLoansPayableRelatedPartiesCurrent
164434000
CY2022Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
666065000
CY2021Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
1026196000
CY2022 opad Warrantsexpirationperiodaftercompletionofbusinesscombinationorearlieruponredemptionorliquidationdate
Warrantsexpirationperiodaftercompletionofbusinesscombinationorearlieruponredemptionorliquidationdate
2026-09-01
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2022Q4 opad Shares Authorized
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2370000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
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100000000
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2022Q4 us-gaap Preferred Stock Shares Issued
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0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
23669000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P7Y8M15D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
16275000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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5258000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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1.22
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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1336000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.54
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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245148000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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143220000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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27591000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.68
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M24D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
14619000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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1559000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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2490000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.36
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1084000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.85
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
25576000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.73
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M25D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
137170000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1147000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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4.90
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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0.58
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
895000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.46
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
17727000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.02
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M25D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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953000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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14122000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.72
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y2M26D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
953000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
17727000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y9M25D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
953000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
35800000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10500000
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.73
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.60
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.61
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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3500000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y11M23D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2100000
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2600000
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1200000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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57865000
CY2022 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Earnings Per Share Diluted
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0.05
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.40
CY2022 us-gaap Dilutive Securities
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0
CY2021 us-gaap Dilutive Securities
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0
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8307000
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3079000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1363000
CY2022 us-gaap Net Income Loss
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-148613000
CY2021 us-gaap Net Income Loss
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6460000
CY2020 us-gaap Net Income Loss
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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245148000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118571000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57865000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
24644000
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022 opad Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0
CY2021 opad Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
5000
CY2020 opad Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Units
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockUnits
0
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0
CY2020 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0
CY2022 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0
CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0
CY2020 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-148300000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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6600000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-23000000.0
CY2022 opad Transaction Costs Percentage
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CY2021 opad Transaction Costs
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CY2022 us-gaap Current Federal Tax Expense Benefit
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0
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
359000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
170000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
163000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
359000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
170000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
163000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
359000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
170000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
163000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-31133000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1392000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-4821000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-7636000
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.052
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
360000
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.054
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-446000
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2022 opad Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantLiabilities
-4940000
CY2022 opad Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities Percentage
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantLiabilitiesPercentage
0.033
CY2021 opad Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantLiabilities
-517000
CY2021 opad Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities Percentage
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantLiabilitiesPercentage
-0.078
CY2020 opad Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantLiabilities
0
CY2020 opad Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities Percentage
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0.000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
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-2277000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAmortization
0.015
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
221000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
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0.033
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
218000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Amortization
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-0.009
CY2021 opad Transaction Costs Percentage
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CY2020 opad Transaction Costs
TransactionCosts
0
CY2020 opad Transaction Costs Percentage
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CY2022 opad Transaction Costs
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1874000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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739000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
874000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
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1019000
CY2022 opad Effective Income Tax Rate Reconciliation At Incentive Stock Options Amount
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-1091000
CY2022 opad Effective Income Tax Rate Reconciliation Of Incentive Stock Options
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-0.007
CY2021 opad Effective Income Tax Rate Reconciliation At Incentive Stock Options Amount
EffectiveIncomeTaxRateReconciliationAtIncentiveStockOptionsAmount
647000
CY2021 opad Effective Income Tax Rate Reconciliation Of Incentive Stock Options
EffectiveIncomeTaxRateReconciliationOfIncentiveStockOptions
0.098
CY2020 opad Effective Income Tax Rate Reconciliation At Incentive Stock Options Amount
EffectiveIncomeTaxRateReconciliationAtIncentiveStockOptionsAmount
286000
CY2020 opad Effective Income Tax Rate Reconciliation Of Incentive Stock Options
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-0.012
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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48690000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.328
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-675000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.102
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4999000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.218
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-620000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.004
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
32000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.004
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
73000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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CY2022 us-gaap Income Tax Expense Benefit
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359000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.026
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
163000
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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50178000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
26721000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
9847000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
4703000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
14771000
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
341000
CY2022Q4 opad Deferred Tax Assets Research And Development Expenditures
DeferredTaxAssetsResearchAndDevelopmentExpenditures
3190000
CY2021Q4 opad Deferred Tax Assets Research And Development Expenditures
DeferredTaxAssetsResearchAndDevelopmentExpenditures
0
CY2022Q4 opad Deferred Tax Assets Stock Based Compensation
DeferredTaxAssetsStockBasedCompensation
1852000
CY2021Q4 opad Deferred Tax Assets Stock Based Compensation
DeferredTaxAssetsStockBasedCompensation
0
CY2022Q4 opad Deferred Tax Assets Transaction Costs
DeferredTaxAssetsTransactionCosts
1707000
CY2021Q4 opad Deferred Tax Assets Transaction Costs
DeferredTaxAssetsTransactionCosts
0
CY2022Q4 opad Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
1507000
CY2021Q4 opad Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
1284000
CY2022Q4 us-gaap Deferred Tax Assets Other
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CY2021Q4 us-gaap Deferred Tax Assets Other
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Net
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CY2021Q4 us-gaap Deferred Tax Liabilities Other
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CY2021Q4 us-gaap Deferred Tax Assets Net
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CY2022Q4 opad Deferred Tax Liabilities Operating Lease Right Of Use Asset
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CY2021Q4 opad Deferred Tax Liabilities Operating Lease Right Of Use Asset
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022 us-gaap Related Party Costs
RelatedPartyCosts
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RelatedPartyCosts
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CY2020 us-gaap Related Party Costs
RelatedPartyCosts
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CY2022Q4 opad Contractual Obligation To Purchase Home
ContractualObligationToPurchaseHome
98
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
24900000
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
6500000
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
5800000

Files In Submission

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opad-20221231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0000950170-23-005066-index-headers.html Edgar Link pending
0000950170-23-005066-index.html Edgar Link pending
0000950170-23-005066.txt Edgar Link pending
0000950170-23-005066-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img221734950_0.jpg Edgar Link pending
img221734950_1.jpg Edgar Link pending
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opad-20221231.htm Edgar Link pending
opad-20221231.xsd Edgar Link pending
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opad-20221231_def.xml Edgar Link unprocessable
opad-20221231_lab.xml Edgar Link unprocessable
opad-20221231_pre.xml Edgar Link unprocessable
opad-20221231_htm.xml Edgar Link completed
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