Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2
Condensed Consolidated Statements of Changes to Stockholders'/Member's Equity (Deficit) - USD ($)
$ in Thousands
Total
Prior to NCI Rebalancing
Post NCI Rebalancing
Common Stock Member
Class A Common Stock
Prior to NCI Rebalancing
Common Stock Member
Class A Common Stock
Post NCI Rebalancing
Common Stock Member
Class B Common Stock
Prior to NCI Rebalancing
Common Stock Member
Class B Common Stock
Post NCI Rebalancing
Additional Paid-In Capital
Prior to NCI Rebalancing
Additional Paid-In Capital
Post NCI Rebalancing
Member's Contribution
Member's Contribution
Prior to NCI Rebalancing
Member's Contribution
Post NCI Rebalancing
Receivable from member
Receivable from member
Prior to NCI Rebalancing
Receivable from member
Post NCI Rebalancing
Accumulated Deficit
Accumulated Deficit
Prior to NCI Rebalancing
Accumulated Deficit
Post NCI Rebalancing
Noncontrolling Interest
Prior to NCI Rebalancing
Noncontrolling Interest
Post NCI Rebalancing
Beginning Balance at Dec. 31, 2020 $ 4,749                 $ 113,697     $ (1,456)     $ (107,492)        
Equity-based compensation 222                 222                    
Net income (loss) (4,750)                             (4,750)        
Parent contribution of Rumble assets 20,483                 20,483                    
Distributions to Member (10,600)                 (10,600)                    
Payment received from Member, net 2                       2              
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)        
Net income (loss) (12,751)                                      
Parent contribution of Rumble assets 20,483                                      
Ending Balance at Jun. 30, 2021 2,554                 124,251     (1,454)     (120,243)        
Beginning Balance at Mar. 31, 2021 10,106                 123,802     (1,454)     (112,242)        
Equity-based compensation 449                 449                    
Net income (loss) (8,001)                             (8,001)        
Ending Balance at Jun. 30, 2021 2,554                 $ 124,251     $ (1,454)     $ (120,243)        
Beginning Balance at Dec. 31, 2021 (210,469) $ (210,469)   $ 2   $ 2   $ 0     $ 0     $ (10,600)     $ (643,833)   $ 443,960  
Beginning balance, Shares at Dec. 31, 2021       23,898,042   22,968,674                            
Equity-based compensation     $ 14,627           $ 2,423                     $ 12,204
Net income (loss)     (15,179)                             $ (7,519)   (7,660)
Conversion of Class B shares to Class A shares     0           517,283                     (517,283)
Conversion of Class B shares to Class A shares, Shares         351,163   (351,163)                          
Payment of preferred stock dividends     (3,250)           (3,250)                      
Adjustment of preferred stock to redemption value     $ 50,931           (50,931)                      
Vesting of Class B Shares     0       1,946,644                          
Ending Balance at Mar. 31, 2022     $ (265,202)   $ 2   $ 2   465,525     $ 0     $ (10,600)     (651,352)   (68,779)
Ending balance, Shares at Mar. 31, 2022         24,249,205   24,564,155                          
Beginning Balance at Dec. 31, 2021 (210,469) $ (210,469)   $ 2   $ 2   $ 0     $ 0     $ (10,600)     $ (643,833)   $ 443,960  
Beginning balance, Shares at Dec. 31, 2021       23,898,042   22,968,674                            
Net income (loss) 9,315                                      
Parent contribution of Rumble assets 0                                      
Ending Balance at Jun. 30, 2022 (105,347)   (105,347)   $ 2   $ 2   586,570     0     (10,600)     (634,518)   (46,803)
Ending balance, Shares at Jun. 30, 2022         27,185,829   21,686,633                          
Beginning Balance at Mar. 31, 2022     (265,202)   $ 2   $ 2   465,525     0     (10,600)     (651,352)   (68,779)
Beginning balance, Shares at Mar. 31, 2022         24,249,205   24,564,155                          
Equity-based compensation     3,807           3,861                     (54)
Net income (loss) 16,834   31,477                             16,834   14,643
Conversion of Class B shares to Class A shares                 (7,387)                     7,387
Conversion of Class B shares to Class A shares, Shares         2,883,053   (2,883,053)                          
Payment of preferred stock dividends     (3,250)           (3,250)                      
Adjustment of preferred stock to redemption value     127,821           127,821                      
Vesting of Class B Shares             5,531                          
Vesting of Restricted Stock Units         53,571                              
Ending Balance at Jun. 30, 2022 $ (105,347)   $ (105,347)   $ 2   $ 2   $ 586,570     $ 0     $ (10,600)     $ (634,518)   $ (46,803)
Ending balance, Shares at Jun. 30, 2022         27,185,829   21,686,633