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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 10,454 $ 6,856
Supplies 2,057 295
Prepaid expenses 511 444
Prepaid consulting fees 4,758
Other current assets 20 23
Total current assets 17,800 7,618
Property and equipment, net 136 187
Intangible assets 2,071 191
Investments 100 100
Reinsurance recoverables 18,754 19,463
Cloud computing arrangements 4,709 2,745
Forward purchase collateral 27,919
Total assets 71,489 30,304
Current liabilities    
Accounts payable 2,706 3,456
Related party payable 500
Shares payable 384
Parallel run advance 256
Accrued and other liabilities 504 402
Forward purchase put derivative 1,284
Forward purchase collateral derivative 27,378
Related party convertible debentures 9,967
Convertible debentures 22,236
Total current liabilities 33,012 36,061
Warrant liability 1,038
Long term debt 2,918
Policy reserves 18,754 19,463
Total liabilities 55,722 55,524
Commitments and contingencies (Note 13)
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued or outstanding as of September 30, 2022
Class A common stock, $0.0001 par value, 500,000,000 shares authorized, 33,027,830 issued and outstanding as of September 30, 2022 3
Undesignated preferred stock, $.00001 par value; 90,000,000 shares authorized, none issued and outstanding as of December 31, 2021)
Non-redeemable preferred stock series A, $.00001 par value; 10,000,000 shares authorized, 8,000,000 shares issued and outstanding as of December 31, 2021 21,854
Common stock class A, $.00001 par value; 800,000,000 shares authorized; 30,208 shares issued and outstanding as of December 31, 2021)
Common stock class B, $.00001 par value, 100,000,000 shares authorized; 2,000,000 shares issued and outstanding as of December 31, 2021)
Additional paid-in capital 144,672 4,902
Accumulated deficit (128,908) (51,976)
Total stockholders’ equity (deficit) 15,767 (25,220)
Total Liabilities and Stockholders’ Equity (Deficit) $ 71,489 $ 30,304