Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes to Stockholders'/Member's Equity (Deficit)

v3.21.2
Condensed Consolidated Statements of Changes to Stockholders'/Member's Equity (Deficit) - USD ($)
$ in Thousands
Total
Prior to Reorganization Transactions
IPO
Underwriters
Class A Common Stock
Class A Common Stock
IPO
Class A Common Stock
Underwriters
Class B Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
IPO
Additional Paid-In Capital
Underwriters
Member's Contribution
Receivable from Member / Shareholder
Accumulated Deficit
Accumulated Deficit
Prior to Reorganization Transactions
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest
Subsequent to Reorganization Transactions
Beginning balance at Dec. 31, 2019 $ 26,678                     $ 152,265 $ (31,735) $ (93,852)      
Equity-based compensation 418                     418          
Payment received from Member, net 30,279                       30,279        
Member contributions 22,884                     22,884          
Distributions to Member (73,203)                     (73,203)          
Net loss (1,949)                         (1,949)      
Ending balance at Mar. 31, 2020 5,107                     102,364 (1,456) (95,801)      
Beginning balance at Dec. 31, 2019 26,678                     152,265 (31,735) (93,852)      
Net loss (8,584)                                
Ending balance at Sep. 30, 2020 9,381                     113,273 (1,456) (102,436)      
Beginning balance at Mar. 31, 2020 5,107                     102,364 (1,456) (95,801)      
Equity-based compensation 447                     447          
Net loss (4,752)                         (4,752)      
Ending balance at Jun. 30, 2020 802                     102,811 (1,456) (100,553)      
Equity-based compensation 462                     462          
Member contributions 10,000                     10,000          
Net loss (1,883)                         (1,883)      
Ending balance at Sep. 30, 2020 9,381                     113,273 (1,456) (102,436)      
Beginning balance at Dec. 31, 2020 4,749                     113,697 (1,456) (107,492)      
Equity-based compensation 222                     222          
Parent contribution of Rumble assets 20,483                     20,483          
Payment received from Member, net 2                       2        
Distributions to Member (10,600)                     (10,600)          
Net loss (4,750)                         (4,750)      
Ending balance at Mar. 31, 2021 10,106                     123,802 (1,454) (112,242)      
Beginning balance at Dec. 31, 2020 4,749                     113,697 (1,456) (107,492)      
Parent contribution of Rumble assets 20,483                                
Issuance of Class A common stock       $ 10,116             $ 10,116            
Net loss (17,599)                                
Net loss (4,056)                                
Ending balance at Sep. 30, 2021 (397,256)       $ 2     $ 2         (10,600) (386,660)      
Ending balance at Sep. 30, 2021                               $ 291,404  
Ending balance, Shares at Sep. 30, 2021         23,898,042     22,963,246                  
Beginning balance at Mar. 31, 2021 10,106                     123,802 (1,454) (112,242)      
Equity-based compensation 449                     449          
Net loss (8,001)                         (8,001)      
Ending balance at Jun. 30, 2021 2,554               124,251 (1,454) (120,243)      
Ending balance at Jun. 30, 2021                                
Ending balance, Shares at Jun. 30, 2021                              
Equity-based compensation prior to reorganization transactions 37                     37          
Payment received from Member, net 1,454                       1,454        
Effect of Reorganization Transactions (337,259)       $ 1     $ 2       $ (124,288) (10,600) (202,374)      
Effect of Reorganization Transactions, Shares         12,994,042     23,542,663                  
Effect of Reorganization Transactions                               282,513  
Issuance of Class A common stock     $ 104,249     $ 1       $ 104,248              
Issuance of Class A common stock, Shares           10,000,000 904,000                    
Purchase of shares from LCAT shareholders (150,985)               (104,248)         (46,737)      
Redemption of Class B shares (9,000)               (9,000)                
Redemption of Class B shares, Shares               (750,000)                  
Equity-based compensation after Reorganization Transactions 3,493               3,493                
Vesting of Class B shares               170,583                  
Adjustment of preferred stock to redemption value 1,604               1,116         488      
Payment of preferred stock dividends (2,492)               2,492                
Adjustment for recognition of tax receivable agreement and deferred tax liabilities 24               24                
Adjustment of redeemable noncontrolling interest (13,148)               $ (977)         (12,171)      
Adjustment for redeemable noncontrolling interest                               13,148  
Net loss (4,848) $ (591)                         $ (591)   $ (4,257)
Net loss (4,056)                         (4,056)      
Ending balance at Sep. 30, 2021 $ (397,256)       $ 2     $ 2         $ (10,600) $ (386,660)      
Ending balance at Sep. 30, 2021                               $ 291,404  
Ending balance, Shares at Sep. 30, 2021         23,898,042     22,963,246