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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Unrestricted cash and cash equivalents $ 384,984 $ 409,660
Restricted cash and cash equivalents 48,208 96,968
Loans, interest and fees receivable:    
Loans, interest and fees receivable, at fair value 1,817,976 1,026,424
Loans, interest and fees receivable, gross 105,267 470,293
Allowances for uncollectible loans, interest and fees receivable (including $0 and $55.1 million associated with variable interest entities at December 31, 2022 and December 31, 2021, respectively) (1,643) (57,201)
Deferred revenue (including $0 and $8.2 million associated with variable interest entities at December 31, 2022 and December 31, 2021, respectively) (16,190) (29,281)
Net loans, interest and fees receivable 1,905,410 1,410,235
Property at cost, net of depreciation 10,013 7,335
Operating lease right-of-use assets 11,782 4,016
Prepaid expenses and other assets 27,417 15,649
Total assets 2,387,814 1,943,863
Liabilities    
Accounts payable and accrued expenses 44,332 42,287
Operating lease liabilities 20,112 4,842
Notes Payable, net held by VIEs 1,653,306 1,278,864
Senior notes, net 144,385 142,951
Income tax liability 60,689 47,770
Total liabilities 1,922,824 1,516,714
Commitments and contingencies (Note 11)
Shareholders' Equity    
Common stock, no par value, 150,000,000 shares authorized: 14,453,415 and 14,804,408 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 0 0
Paid-in capital 121,996 227,763
Retained earnings 204,415 60,236
Total shareholders’ equity 326,411 287,999
Noncontrolling interests (1,371) (500)
Total equity 325,040 287,499
Total liabilities, preferred stock and equity 2,387,814 1,943,863
Series A Preferred Stock [Member]    
Liabilities    
Series A preferred stock, 400,000 shares issued and outstanding at December 31, 2022 (liquidation preference - $40.0 million); 400,000 shares issued and outstanding at December 31, 2021 (Note 4) (1) [1] 40,000 40,000
Class B preferred units issued to noncontrolling interests (Note 4) [1] 40,000 40,000
Series B Preferred Stock [Member]    
Liabilities    
Series A preferred stock, 400,000 shares issued and outstanding at December 31, 2022 (liquidation preference - $40.0 million); 400,000 shares issued and outstanding at December 31, 2021 (Note 4) (1) 99,950 99,650
Class B preferred units issued to noncontrolling interests (Note 4) 99,950 99,650
Shareholders' Equity    
Series B preferred stock, no par value, 3,204,640 shares issued and outstanding at December 31, 2022 (liquidation preference - $80.1 million); 3,188,533 shares issued and outstanding at December 31, 2021 (1) [1] $ 0 $ 0
[1] Both the Series A preferred stock and the Series B preferred stock have no par value and are part of the same aggregate 10,000,000 shares authorized.