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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash $ 27,025 [1] $ 25,064
Restricted cash 32,921 [1] 37,298
Total cash and restricted cash 59,946 62,362
Finance receivables at fair value 381,845 [1] 383,890
Finance receivables at amortized cost, net of allowance for credit losses of $931 and $803 as of March 31, 2022 and December 31, 2021, respectively, and unearned income of $232 and $286 as of March 31, 2022 and December 31, 2021, respectively 4,811 [1] 4,220
Debt issuance costs, net 1,037 [1] 1,525
Property, equipment and software, net 15,219 14,643
Operating lease right of use asset 15,114  
Deferred tax asset 25,056 25,593
Other assets 9,517 [1] 9,873
Total assets 512,545 502,106
Liabilities:    
Accounts payable 6,841 [1] 6,100
Accrued liabilities 18,566 [1] 29,595
Operating lease liability 17,631  
Secured borrowing payable 19,176 [1] 22,443
Senior debt, net 261,687 [1] 251,578
Warrant liabilities 8,836 11,240
Tax receivable agreement liability 23,218 23,272
Total liabilities 355,955 344,228
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $0.0001 par value (1,000,000 shares authorized with no shares issued and outstanding as of March 31, 2022 and December 31, 2021) 0 0
Additional paid-in capital 61,931 61,672
Accumulated deficit (70,689) (70,723)
Total OppFi Inc.'s stockholders' deficit (8,747) (9,040)
Noncontrolling interest 165,337 166,918
Total stockholders' equity 156,590 157,878
Total liabilities and stockholders' equity 512,545 502,106
Variable Interest Entity, Primary Beneficiary    
Assets    
Cash 55 46
Restricted cash 23,837 25,780
Total cash and restricted cash 23,892 25,826
Finance receivables at fair value 379,773 379,512
Finance receivables at amortized cost, net of allowance for credit losses of $931 and $803 as of March 31, 2022 and December 31, 2021, respectively, and unearned income of $232 and $286 as of March 31, 2022 and December 31, 2021, respectively 681 0
Debt issuance costs, net 1,037 1,525
Other assets 31 34
Total assets 405,414 406,897
Liabilities:    
Accounts payable 17 25
Accrued liabilities 2,133 2,008
Secured borrowing payable 19,176 22,443
Senior debt, net 213,000 203,000
Total liabilities 234,326 227,476
Class A Common Stock    
Stockholders' equity:    
Common stock, value, issued 1 1
Class B Common Stock    
Stockholders' equity:    
Common stock, value, issued 0 0
Class V Voting Stock    
Stockholders' equity:    
Common stock, value, issued $ 10 $ 10
[1] (1) Includes amounts in consolidated variable interest entities ("VIEs") presented separately in the table below.