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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenue                        
Rental revenue $ 54,042 $ 53,439 $ 54,131 $ 48,664 $ 51,446 $ 58,242 $ 107,570 $ 109,689 $ 161,612 $ 158,353 $ 218,347 $ 205,371
Other revenue 769 697 952 1,081 1,128 974 1,649 2,102 2,418 3,183 3,241 4,126
Total revenue 54,811 54,136 55,083 49,745 52,574 59,216 109,219 111,791 164,030 161,536 221,588 209,497
Cost of revenue 43,342 44,669 43,213 38,417 44,849 48,113 87,882 92,962 131,224 131,379 179,881 172,092
Gross profit 11,469 9,467 11,870 11,328 7,725 11,103 21,337 18,829 32,806 30,157 41,707 37,405
Operating expenses:                        
Servicing costs 1,100 1,103 990 1,025 1,131 1,207 2,093 2,337 3,193 3,362 4,311 4,337
Underwriting fees 422 480 468 419 423 488 948 910 1,370 1,330 1,919 1,828
Professional and consulting fees 1,169 1,623 2,655 2,322 2,259 2,921 4,278 5,180 5,447 7,502 6,694 10,539
Technology and data analytics 1,639 1,959 1,665 2,421 2,455 2,410 3,624 4,864 5,263 7,286 6,905 9,389
Compensation costs 4,915 5,566 6,855 6,752 6,470 5,377 12,421 11,847 17,336 18,599 22,732 25,090
General and administrative 2,664 2,746 2,934 3,276 3,649 3,926 5,680 7,580 8,344 10,854 10,938 14,288
Litigation expense, net       375           375 7,000 375
Total operating expenses 11,909 13,477 15,567 16,590 16,387 16,329 29,044 32,718 40,953 49,308 60,499 65,846
Loss from operations (440) (4,010) (3,697) (5,262) (8,662) (5,226) (7,707) (13,889) (8,147) (19,151) (18,792) (28,441)
Loss on partial extinguishment of debt 0 0 (2,391)       (2,391)   (2,391)   (2,391) 0
Interest expense and other fees (4,264) (4,098) (5,189) (5,074) (4,405) (4,282) (9,287) (8,686) (13,551) (13,760) (17,822) (19,264)
Interest income 287 427 620 223     1,047   1,334 223 1,697 744
Change in fair value of warrant liability 382 257 132 381 2,323 3,089 389 5,412 771 5,793 807 6,439
Loss before income taxes (4,035) (7,424) (10,525) (9,732) (10,744) (6,419) (17,949) (17,163) (21,984) (26,895) (36,501) (40,522)
(Provision) benefit for income taxes (19) (14) (20) (73) (65) (35) (34) (100) (53) (173) (165) 50
Net loss $ (4,054) $ (7,438) $ (10,545) $ (9,805) $ (10,809) $ (6,454) $ (17,983) $ (17,263) $ (22,037) $ (27,068) $ (36,666) $ (40,472)
Weighted average common share outstanding - basic (in shares) 4,130,000 4,073,000 3,973,000 3,936,000 3,918,000 3,915,000 4,023,000 3,921,000 4,059,000 3,926,000 4,088,000 3,930,000
Weighted average common share outstanding - diluted (in shares) 4,130,000 4,073,000 3,973,000 3,936,000 3,918,000 3,915,000 4,023,000 3,921,000 4,059,000 3,926,000 4,088,000 3,930,000
Net loss per common share - basic (in dollars per share) $ (0.98) $ (1.83) $ (2.65) $ (2.49) $ (2.76) $ (1.65) $ (4.47) $ (4.40) $ (5.43) $ (6.89) $ (8.97) $ (10.30)
Net loss per common share - diluted (in dollars per share) $ (0.98) $ (1.83) $ (2.65) $ (2.49) $ (2.76) $ (1.65) $ (4.47) $ (4.40) $ (5.43) $ (6.89) $ (8.97) $ (10.30)