Katapult (KPLT) 10-K24 Apr 242023 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Dec. 31, 2023	Apr. 22, 2024	Jun. 30, 2023
Entity Listings [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-39116
Entity Registrant Name	Katapult Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-4424170
Entity Address, Address Line One	5360 Legacy Drive
Entity Address, Address Line Two	Building 2
Entity Address, City or Town	Plano
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75024
City Area Code	833
Local Phone Number	528-2785
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	true
Entity Shell Company	false
Entity Public Float			$ 47.2
Entity Common Stock, Shares Outstanding		4,086,162
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE
Entity Central Index Key	0001785424
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock, par value $0.0001 per share
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	KPLT
Security Exchange Name	NASDAQ
Redeemable Warrants
Entity Listings [Line Items]
Title of 12(b) Security	Redeemable Warrants
Trading Symbol	KPLTW
Security Exchange Name	NASDAQ

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	248	34
Auditor Name	GRANT THORNTON LLP	DELOITTE & TOUCHE LLP
Auditor Location	Philadelphia, Pennsylvania	New York, NY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 21,408	$ 65,430
Restricted cash	7,403	4,411
Property held for lease, net of accumulated depreciation and impairment (Note 4)	59,335	48,844
Prepaid expenses and other current assets	4,491	8,100
Litigation insurance reimbursement receivable (Note 13)	5,000	0
Total current assets	97,637	126,785
Property and equipment, net (Note 5)	327	557
Security deposits	91	91
Capitalized software and intangible assets, net (Note 6)	1,919	1,847
Right-of-use assets (Note 9)	888	772
Total assets	100,862	130,052
Current liabilities:
Accounts payable	903	1,264
Accrued liabilities (Note 7)	24,146	19,246
Accrued litigation settlement (Note 13)	12,000	0
Term loan (Note 8)	0	25,000
Unearned revenue	4,949	4,183
Lease liabilities (Note 9)	297	382
Total current liabilities	42,295	50,075
Revolving line of credit, net (Note 8)	60,347	57,639
Term loan, net, non-current (Note 8)	25,503	23,057
Other liabilities	95	902
Lease liabilities, non-current (Note 9)	614	445
Total liabilities	128,854	132,118
STOCKHOLDERS' (DEFICIT) EQUITY
Common stock, $.0001 par value-- 250,000,000 shares authorized; 4,072,713 and 3,943,423 shares issued and outstanding at December 31, 2023 and 2022, respectively	0	0
Additional paid-in capital	94,544	83,804
Accumulated deficit	(122,536)	(85,870)
Total stockholders' (deficit) equity	(27,992)	(2,066)
Total liabilities and stockholders' (deficit) equity	$ 100,862	$ 130,052

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	4,072,713	3,943,423
Common stock, shares outstanding (in shares)	4,072,713	3,943,423

CONSOLIDATED STATEMENTS OF OPER

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)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ (DEFICIT) EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	As Previously Reported	Restatement Adjustments	Common Stock	Common Stock As Previously Reported	Additional Paid-in Capital	Additional Paid-in Capital As Previously Reported	Accumulated Deficit	Accumulated Deficit Cumulative Effect, Period of Adoption, Adjustment	Accumulated Deficit As Previously Reported	Accumulated Deficit Restatement Adjustments
Beginning balance (in shares) at Dec. 31, 2021					3,903,000	3,903,000
Beginning balance at Dec. 31, 2021	$ 34,206	$ (1,962)	$ 40,799	$ (6,593)	$ 0	$ 0	$ 77,642	$ 77,642	$ (43,436)	$ (1,962)	$ (36,843)	$ (6,593)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(6,454)		(5,558)	(7,489)								(7,489)
Ending balance (in shares) at Mar. 31, 2022					3,925,000	3,925,000
Ending balance at Mar. 31, 2022	26,744		34,233		$ 0	$ 0	78,596	78,596	(51,852)		(44,363)
Beginning balance (in shares) at Dec. 31, 2021					3,903,000	3,903,000
Beginning balance at Dec. 31, 2021	34,206	(1,962)	40,799	(6,593)	$ 0	$ 0	77,642	77,642	(43,436)	(1,962)	(36,843)	(6,593)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(17,263)		(15,291)
Ending balance (in shares) at Jun. 30, 2022					3,933,000	3,933,000
Ending balance at Jun. 30, 2022	17,743		26,308		$ 0	$ 0	80,404	80,404	(62,661)		(54,096)
Beginning balance (in shares) at Dec. 31, 2021					3,903,000	3,903,000
Beginning balance at Dec. 31, 2021	34,206	(1,962)	40,799	(6,593)	$ 0	$ 0	77,642	77,642	(43,436)	(1,962)	(36,843)	(6,593)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(27,068)		(23,444)
Ending balance (in shares) at Sep. 30, 2022					3,937,000	3,937,000
Ending balance at Sep. 30, 2022	9,701		19,918		$ 0	$ 0	82,167	82,167	(72,466)		(62,249)
Beginning balance (in shares) at Dec. 31, 2021					3,903,000	3,903,000
Beginning balance at Dec. 31, 2021	34,206	$ (1,962)	40,799	(6,593)	$ 0	$ 0	77,642	77,642	(43,436)	$ (1,962)	(36,843)	(6,593)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock options exercised (in shares)					12,000
Stock options exercised	67						67
Vesting of restricted stock units (in shares)					38,000
Repurchase of restricted stock for payroll tax withholding (in shares)					(9,000)
Repurchase of restricted stock for payroll tax withholding	(344)						(344)
Stock-based compensation expense	6,439						6,439
Net loss	$ (40,472)		(37,871)						(40,472)
Ending balance (in shares) at Dec. 31, 2022	3,943,423				3,944,000
Ending balance at Dec. 31, 2022	$ (2,066)		7,128		$ 0		83,804		(85,870)
Beginning balance (in shares) at Mar. 31, 2022					3,925,000	3,925,000
Beginning balance at Mar. 31, 2022	26,744		34,233		$ 0	$ 0	78,596	78,596	(51,852)		(44,363)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(10,809)		(9,733)	(8,565)								(8,565)
Ending balance (in shares) at Jun. 30, 2022					3,933,000	3,933,000
Ending balance at Jun. 30, 2022	17,743		26,308		$ 0	$ 0	80,404	80,404	(62,661)		(54,096)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(9,805)		(8,153)	(10,217)								(10,217)
Ending balance (in shares) at Sep. 30, 2022					3,937,000	3,937,000
Ending balance at Sep. 30, 2022	$ 9,701		19,918		$ 0	$ 0	82,167	82,167	(72,466)		(62,249)
Beginning balance (in shares) at Dec. 31, 2022	3,943,423				3,944,000
Beginning balance at Dec. 31, 2022	$ (2,066)		7,128		$ 0		83,804		(85,870)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(10,545)		(9,114)	(10,625)								(10,625)
Ending balance (in shares) at Mar. 31, 2023					3,982,000	3,982,000
Ending balance at Mar. 31, 2023	$ (6,624)		4,001		$ 0	$ 0	89,791	89,791	(96,415)		(85,790)
Beginning balance (in shares) at Dec. 31, 2022	3,943,423				3,944,000
Beginning balance at Dec. 31, 2022	$ (2,066)		7,128		$ 0		83,804		(85,870)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(17,983)		(15,524)
Ending balance (in shares) at Jun. 30, 2023					4,021,000	4,021,000
Ending balance at Jun. 30, 2023	$ (11,933)		(280)		$ 0	$ 0	91,920	91,920	(103,853)		(92,200)
Beginning balance (in shares) at Dec. 31, 2022	3,943,423				3,944,000
Beginning balance at Dec. 31, 2022	$ (2,066)		7,128		$ 0		83,804		(85,870)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(22,037)		(18,438)
Ending balance (in shares) at Sep. 30, 2023					4,065,000	4,065,000
Ending balance at Sep. 30, 2023	$ (14,683)		(1,889)		$ 0	$ 0	93,225	93,225	(107,908)		(95,114)
Beginning balance (in shares) at Dec. 31, 2022	3,943,423				3,944,000
Beginning balance at Dec. 31, 2022	$ (2,066)		7,128		$ 0		83,804		(85,870)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of warrants in connection with Credit Agreement amendment	4,060						4,060
Stock options exercised	1						1
Vesting of restricted stock units (in shares)					118,000
Repurchase of restricted stock for payroll tax withholding (in shares)					(24,000)
Repurchase of restricted stock for payroll tax withholding	(355)						(355)
Stock-based compensation expense	7,034						7,034
Adjustment due to the rounding impact from the Reverse Stock Split in lieu of issuing fractional shares					36,000
Net loss	$ (36,666)								(36,666)
Ending balance (in shares) at Dec. 31, 2023	4,072,713				4,074,000
Ending balance at Dec. 31, 2023	$ (27,992)				$ 0		94,544		(122,536)
Beginning balance (in shares) at Mar. 31, 2023					3,982,000	3,982,000
Beginning balance at Mar. 31, 2023	(6,624)		4,001		$ 0	$ 0	89,791	89,791	(96,415)		(85,790)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(7,438)		(6,410)	(11,653)								(11,653)
Ending balance (in shares) at Jun. 30, 2023					4,021,000	4,021,000
Ending balance at Jun. 30, 2023	(11,933)		(280)		$ 0	$ 0	91,920	91,920	(103,853)		(92,200)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,054)		(2,914)	$ (12,794)								$ (12,794)
Ending balance (in shares) at Sep. 30, 2023					4,065,000	4,065,000
Ending balance at Sep. 30, 2023	$ (14,683)		$ (1,889)		$ 0	$ 0	$ 93,225	$ 93,225	$ (107,908)		$ (95,114)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net loss	$ (36,666)	$ (40,472)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	126,533	116,835
Net book value of property held for lease buyouts	25,784	30,576
Impairment on property held for lease expense	22,019	17,575
Change in fair value of warrants liability	(807)	(6,439)
Stock-based compensation	7,034	6,439
Loss on partial extinguishment of debt	2,391	0
Amortization of debt discount	2,760	4,541
Amortization of debt issuance costs, net	277	361
Accrued PIK Interest	1,555	2,121
Amortization of right-of-use assets	355	367
Change in operating assets and liabilities:
Property held for lease	(183,695)	(151,345)
Prepaid expenses and other current assets	3,610	(3,730)
Litigation insurance reimbursement receivable	(5,000)	0
Accounts payable	(361)	(765)
Accrued liabilities	4,419	3,968
Accrued litigation settlement	12,000	0
Lease liabilities	(387)	(413)
Unearned revenues	765	(467)
Net cash used in operating activities	(17,414)	(20,848)
Cash flows from investing activities:
Purchases of property and equipment	(20)	(168)
Additions to capitalized software	(954)	(1,337)
Net cash used in investing activities	(974)	(1,505)
Cash flows from financing activities:
Proceeds from revolving line of credit	14,297	18,517
Principal repayments on revolving line of credit	(11,551)	(22,477)
Principal repayment on term loan	(25,000)	0
Payments of deferred financing costs	(34)	0
Repurchases of restricted stock	(355)	(344)
Proceeds from exercise of stock options	1	67
Net cash used in financing activities	(22,642)	(4,237)
Net decrease in cash, cash equivalents and restricted cash	(41,030)	(26,590)
Cash, cash equivalents and restricted cash at beginning of period	69,841	96,431
Cash, cash equivalents and restricted cash at end of period	28,811	69,841
Supplemental disclosure of cash flow information:
Cash paid for interest	13,014	12,032
Cash paid for income taxes	206	446
Deferred financing costs included in accrued liabilities	481	0
Issuance of warrants to purchase common stock in connection with debt refinancing	4,060	0
Right-of-use assets obtained in exchange for operating lease liabilities	471	1,139
Cash paid for operating leases	$ 513	$ 511

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
Description of Business and Basis of Presentation	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Business— Katapult Holdings, Inc.(“Katapult” or the “Company”) is a technology driven lease-to-own ("LTO") platform that integrates with omnichannel retailers and e-commerce platforms to power the purchasing of everyday durable goods for underserved U.S. non-prime customers. Katapult’s fully-digital technology platform provides non-prime customers with a flexible lease-purchase option to enable them to obtain durable goods from Katapult’s network of e-commerce retailers. Katapult's end-to-end technology platform provides seamless integration with merchants. Subsidiaries— Our consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries Katapult Intermediate Holdings, LLC (formerly known as Keys Merger Sub 2, LLC), Katapult Group, Inc. and Katapult SPV-1 LLC. which originates all of the Company’s leases. Legacy Katapult was incorporated in Delaware in 2016 and changed its headquarters from New York, New York to Plano, Texas in December 2020. Katapult Group, Inc. was incorporated in the state of Delaware in 2012. Katapult SPV-1 LLC is a Delaware limited liability company formed in 2019. Basis of Presentation — The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). Our consolidated financial statements include the accounts of Katapult Holdings, Inc. and its wholly owned subsidiaries. In the opinion of management, all adjustments, of a normal recurring nature, considered necessary for a fair presentation have been included in these consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to current year presentation. Reverse Stock Split — On July 27, 2023, the Company amended the Second Amended and Restated Certificate of Incorporation to effect, effective as of July 27, 2023, the Reverse Stock Split of our common stock. At the effective time of the Reverse Stock Split, every twenty-five shares of our common stock either issued and outstanding or held as treasury stock were automatically reclassified into one new share of our common stock. The Reverse Stock Split was approved by the Company’s stockholders at the Annual Meeting of Stockholders on June 6, 2023 and approved by the Board of Directors on July 11, 2023. The common stock began trading on Nasdaq on a reverse split-adjusted basis on July 28, 2023 under the existing trading symbol “KPLT.” As a result of the Reverse Stock Split, proportionate adjustments were made to the number of shares of common stock underlying the Company’s outstanding equity awards and the number of shares issuable under our equity incentive plans and certain existing agreements, as well as the exercise, grant and acquisition prices of such equity awards, as applicable. In addition, proportionate adjustments were made to the Company’s outstanding warrants, resulting in: (i) each publicly traded warrant issued under the Warrant Agreement, dated October 31, 2019, exercisable for 1/25th of a share of common stock at an exercise price of $287.50 per whole share; and (ii) the warrant under the Warrant to Purchase Stock, dated March 6, 2023, issued by Katapult to Midtown Madison Management LLC, exercisable for up to 160,000 shares of common stock at an exercise price of $0.25 per share. No fractional shares were issued in connection with the Reverse Stock Split. Stockholders who were entitled to receive fractional shares as a result of the Reverse Stock Split received one full share of post-Reverse Stock Split common stock, in lieu of receiving such fractional shares.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates — The preparation of the consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of income and expense during the reporting periods. The most significant estimates relate to the selection of useful lives of property and equipment, the selection of useful lives for property held for lease and the related depreciation method, determination of fair value of stock option grants, and the valua tion allowance associated with deferred tax assets. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. These estimates are based on information available as of the date of the consolidated financial statements; therefore, actual results could differ from those estimates. Segment Information — Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is the chief executive officer. The Company has one business activity and there are no segment managers who are held accountable for operations, operating results and plans for levels or components below the consolidated unit level. Accordingly, the Company has one operating segment, and therefore, one reportable segment. Cash and Cash Equivalents — As of December 31, 2023 and 2022, cash consists primarily of checking and savings deposits. The Company holds certain cash equivalents, which consist of highly liquid investments with original maturities of three months or less at the time of purchase. Restricted Cash — The Company classifies all cash whose use is limited by contractual provisions as restricted cash. Restricted cash as of December 31, 2023 and 2022 consists primarily of customer lease payments received into a collection account pending release by the Company's lender. All of the Company’s restricted cash is classified as current due to its short-term nature. The reconciliation of cash, cash equivalents and restricted cash is as follows: December 31, 2023 2022 Cash and cash equivalents $ 21,408 $ 65,430 Restricted cash 7,403 4,411 Total cash, cash equivalents and restricted cash $ 28,811 $ 69,841 Property Held for Lease, Net of Accumulated Depreciation and Impairment — Property held for lease consists of furniture, mattresses, customer electronics, appliances, and other durable goods offered for lease-purchase in the normal course of business. Such property is provided to customers pursuant to a lease-purchase agreement with a minimum lease term; typically one week, two weeks, or one month. The renewal periods of the initial lease term of the agreement are typically 10, 12 or 18 months. Customers may terminate a lease agreement at any time without penalty. The average customer continues to lease the property for approximately 8 months because the customer either exercises the buyout (early purchase) options or terminates the lease purchase agreement prior to the end of the 10, 12 or 18 month renewal periods. As a result, property held for lease is classified as a current asset on the consolidated balance sheets. Property held for lease is recorded at cost, excluding shipping costs, and is carried at net book value. Depreciation for property held for lease is determined using the income forecasting method and is included within cost of revenue. Under the income forecasting method, property held for lease is depreciated in the proportion of rents received to total expected rents received based on historical data, which is an activity-based method similar to the units of production method. The Company provides for impairment for the undepreciated balance of the property held for lease assuming no salvage value with a corresponding charge to cost of revenue. Impairment expense includes expense related to property identified as impaired based on historical data, including default trends, such that the recorded amount closely approximates actual impairment expense incurred during the period. The Company derecognizes the undepreciated net book value of property buyouts as buyouts occur with a corresponding charge to cost of revenue. The Company periodically evaluates fully depreciated property held for lease, net and when it is determined there is no future economic benefit, the cost of the assets are written off and the related accumulated depreciation is reversed. Property and Equipment, Net —Property and equipment other than property held for lease are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method and are recorded in general and administrative expense over the estimated useful lives of the assets. The estimated useful lives of property and equipment are described below: Property and Equipment Useful Life Computer, office and other equipment 5 years Computer software 3 years Furniture and fixtures 7 years Leasehold improvements Shorter of estimated useful life or remaining lease term Capitalized Software —The Company capitalizes certain development costs incurred in connection with its internal use software. Costs incurred in the preliminary stages of development are expensed as incurred. Capitalization of costs begins when the preliminary project stage is completed, and it is probable that the project will be completed and used for its intended function. Once an application has reached the development stage, internal and external costs, if direct and incremental, are capitalized until the software is substantially complete and ready for its intended use. Capitalization ceases upon completion of all substantial testing. The Company also capitalizes costs related to specific upgrades and enhancements when it is probable the expenditures will result in additional features and functionality. Maintenance costs are expensed as incurred. Internal use software is amortized on a straight-line basis over its estimated useful life, generally three years. Capitalized software cost is included within the Capitalized software and intangible assets, net line item of our consolidated balance sheets. Amortization of capitalized software is included in general and administrative expenses in our consolidated statements of operations and comprehensive loss. Debt Issuance Costs — Costs incurred in connection with the issuance of the Company’s revolving line of credit (“RLOC”) and senior secured term loan ("Term Loan") have been recorded as a direct reduction against the debt and amortized over the life of the associated debt as a component of interest expense. The amortization of the Term Loan issuance costs utilizes the effective interest method, and the amortization of the RLOC debt issuance costs utilizes the straight-line method, which is not materially different compared to the effective interest method. The amortization of debt issuance costs is recorded and included in interest expense and other fees in our consolidated statements of operations and comprehensive loss. Impairment of Long-Lived Assets — The Company assesses long-lived assets for impairment in accordance with the provisions of ASC 360, Property, Plant and Equipment. Long-lived assets, such as intangible assets and property and equipment, are reviewed for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted future cash flows expected to result from the use and eventual disposition of the asset. The amount of impairment loss, if any, is measured as the difference between the carrying value of the asset and its estimated fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. No impairment charges have been recorded during the years ended December 31, 2023 or 2022. Rental Revenue — Our lease-to-own agreements, which comprise the majority of our revenue, fall within the scope of ASC 842, Leases under lessor accounting and we are recognizing revenue from customers when revenue is earned and cash is collected. Pro perty held for lease is leased to customers pursuant to lease purchase agreements with an initial term: typically one week, two weeks, or one month, with non-refundable lease payments. Generally, the customer has the right to acquire title either through a 90-day promotional pricing option, an early purchase option (buyout) available prior to completion of the full agreement, or by completing all lease renewal payments, generally 10 to 18 months. On any current lease, customers have the option to terminate the agreement at any time without penalty in accordance with lease term. Accordingly, lease-purchase agreements are accounted for as operating leases under ASC 842, Leases with lease revenues recognized in the period they are earned and cash is collected. Amounts received from customers who elect early purchase options (buyouts) are included in rental revenue. Lease payments received prior to their due dates are deferred and recorded as unearned revenue and are recognized as rental revenue in the month in which the revenue is earned. Rental revenue also includes agreed-upon charges assessed for customer lease applications. Payments are received upon submission of the applications and execution of the lease-purchase agreements. Services are considered to be rendered and revenue earned over the initial lease term. Revenues from leases from our direct integrations are reported net of sales taxes. For our direct integration transactions, we collect sales tax from each customer's lease payment and set up a sales tax payable for remittance to the respective state. For our Katapult Pay transactions, the merchant partner is funded the amount of the purchased goods including sales tax which is capitalized as part of the investment and included in property held for lease and is depreciated into cost of revenue. Revenue is recognized for our Katapult Pay transactions on gross basis when lease payments are received from customers, which includes sales tax. Other Revenue — Other revenue consists primarily of asset sales revenue related to the sale of property held for lease and transfer of related lease-purchase contracts and right to receive past due lease payments. During the year ended December 31, 2023, the Company continued to advance its strategy to focus on additional opportunities to generate revenue, which includes the sale of property held for lease to third parties. The sale of property held for lease is now considered recurring and ordinary in nature to the Company’s business. As such, these sales are accounted for within the scope of ASC 606, Revenue from Contracts with Customers. Revenue is recognized when a performance obligation is satisfied by transferring control over an asset to a customer. Revenue is recorded with corresponding costs of revenue, presented on a gross basis. We recognized revenue from sales of property held for lease of $2,846 and $3,980 , for the years ended December 31, 2023 and 2022, respectively. Stock-Based Compensation — In accordance with ASC 718, we measure and record compensation expense related to stock-based awards based on the fair value of those awards as determined on the date of the grant. The Company recognizes stock-based compensation expense over the requisite service period of the individual grant, generally equal to the vesting period and uses the straight-line method to recognize stock-based compensation. The Company uses the Black-Scholes-Merton (“Black-Scholes”) option-pricing model to determine the estimated fair value of stock option awards. The Black-Scholes option-pricing model requires estimates of highly subjective assumptions, which affect the fair value of each stock option. Forfeitures are accounted for as they are incurred. The Company calculates the fair value of stock options granted to employees by using the following assumptions: Expected Volatility —The Company estimates volatility for stock option grants by evaluating the average historical volatility of a peer group of companies for the period immediately preceding the stock option grant for a term that is approximately equal to the stock options’ expected term. Expected Term —The expected term of the Company’s stock options represents the period that the stock-based awards are expected to be outstanding. The Company has elected to use the midpoint of the stock options vesting term and contractual expiration period to compute the expected term, as the Company does not have sufficient historical information to develop reasonable expectations about future exercise patterns and post-vesting employment termination behavior. Risk-Free Interest Rate —The risk-free interest rate is based on the implied yield currently available on US Treasury zero-coupon issues with a term that is equal to the stock options’ expected term at the grant date. Dividend Yield —The Company has not declared or paid dividends to date and does not anticipate declaring dividends. As such, the dividend yield has been estimated to be zero. Income Taxes — The Company accounts for income taxes under the asset and liability method pursuant to ASC 740, Income Taxes . Under this method, the Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in our consolidated financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax basis of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company recognizes deferred tax assets to the extent that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that the Company would be able to realize deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. The Company recognizes interest and penalties related to unrecognized tax benefits in the income tax expense line in the accompanying consolidated statements of operations and comprehensive loss. As of December 31, 2023 and 2022 , no accrued interest or penalties are included on the related tax liability line in the consolidated balance sheets. Net Loss Per Share — The Company calculates basic and diluted net loss per share attributable to common stockholders using the two-class method required for companies with participating securities. Under the two-class method, basic net loss per share available to stockholders is calculated by dividing the net loss available to stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share available to stockholders is computed by giving effect to all potentially dilutive common stock equivalents outstanding for the period. In periods in which the Company reports a net loss available to stockholders, diluted net loss per share available to stockholders would be the same as basic net loss per share available to stockholders, since dilutive common shares are not assumed to have been issued if their effect is anti-dilutive. The Company reported net loss available to common shareholders during the years ended December 31, 2023 and 2022, respectively. Fair Value Measurements — Fair value accounting is applied for all assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis (at least annually). Fair value is defined as the exchange price that would be received for an asset or an exit price that would be paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company follows the established framework for measuring fair value. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The authoritative guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 —Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 —Inputs are observable, unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. Level 3 —Inputs are unobservable inputs for the asset or liability. The level in the fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest-level input that is significant to the fair value measurement in its entirety. The Company’s financial instruments consist of accounts payable, accrued expenses, warrant liability, the RLOC, and the Term Loan. Accounts payable and accrued expenses are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date. Our consolidated financial statements also include fair value level 3 measurements of private common stock warrants. The Company uses a third-party valuation firm to determine the fair value of certain of the Company's financial instruments. Refer to Note 14 for discussion of fair value measurements. Concentrations of Credit Risk — Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash. The Company’s cash balances exceed those that are federally insured. To date, the Company has not recognized any losses caused by uninsured balances. As of December 31, 2023, the Company also did not have any customers that accounted for 10% or more of outstanding gross accounts receivable. Significant customers are those which represent more than 10% of the Company’s total revenue or gross accounts receivable balance at each balance sheet date. During the years ended December 31, 2023 and 2022 , the Company did not have any customers that accounted for 10% or more of total revenue. A significant portion of the Company’s transaction volume is with a limited number of merchants, including most significantly, Wayfair Inc. Recently Adopted Accounting Pronouncements — In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . This ASU provides temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. This ASU is effective for all entities beginning as of its date of effectiveness, March 12, 2020. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 which deferred the sunset date of ASC 848 until December 31, 2024. This ASU did not have a material impact on our consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted — In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

Restatement of Previously Issue

Restatement of Previously Issued Consolidated Financial Statements	12 Months Ended
	Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Restatement of Unaudited Quarterly Results	RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS In connection with the preparation of the Company's consolidated financial statements for the year ended December 31, 2023, management identified errors in previously issued financial statements. Management prepared a quantitative and qualitative analysis of the errors described below, in accordance with the SEC Staff's Accounting Bulletin ("SAB") Nos. 99 Materiality and No. 108, Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements , and concluded the aggregate impact of all the errors are material to the Company's previously reported annual financial statements as of and for the year ended December 31, 2022. As a result, the accompanying consolidated financial statements as of and for the year ended December 31, 2022 have been restated from amounts previously reported. We have also restated related amounts within the accompanying footnotes to the consolidated financial statements to conform to the corrected amounts in the consolidated financial statements. Description of Restatement Errors The errors identified are as follows: a. Rental revenue - The Company determined that it miscalculated sales tax payable related to certain customer lease payments going back multiple years. The Company performed an assessment of its sales tax liability across all jurisdictions for potential additional exposure and determined that there was an overstatement of rental revenue and an understatement of sales tax payable included in accrued liabilities. The impact to our consolidated financial statements is as follows: i. Consolidated statement of operations and comprehensive loss for the year ended December 31, 2022 is a decrease to rental revenue of $2,492 ii. Consolidated balance sheet as of December 31, 2022 is an increase to sales tax payable included in accrued liabilities of $5,590 iii. Consolidated statement of stockholders' (deficit) equity is an increase of accumulated deficit as of December 31, 2021 of $3,098 for sales tax errors that impacted rental revenue that were identified for 2021 and prior b. Other errors - There are other errors not described in item (a) of this note. These errors and related restatement adjustments include: 1. Cost of revenue- Correction to depreciation expense related to property held for lease, net of accumulated depreciation and impairment, included in cost of revenue, of $973 for certain leases originated on or before December 31, 2022. Impact to the balance sheet to correct this error is a decrease to property held for lease, net of accumulated depreciation and impairment of $936 and a decrease to prepaid expenses and other current assets of $37. 2. The errors below impacted the beginning balance of accumulated deficit as of December 31, 2021 in our consolidated statement of stockholders' (deficit) equity by $980. • Correction to decrease debt discount amortization included in interest expense of $734; • Correction to decrease professional and consulting fees related to recruiting expense of $367; • Correction to increase general and administrative expense related to insurance expense of $121 3. Correction to increase deferred revenue by $2,631 on our consolidated balance sheet and decrease rental revenue by $116 related to recognition of deferred revenue. The impact to the beginning balance of accumulated deficit in our consolidated statement of stockholders' (deficit) equity for the deferred revenue impact as of December 31, 2021 is an increase of accumulated deficit as of December 31, 2021 of $2,515. 4. In addition, we made the following corrections to our consolidated balance sheet or consolidated statement of operations and comprehensive loss: • Correction of $876 on our consolidated balance sheet to decrease accrued liabilities and decrease property held for lease, net of accumulated depreciation and impairment • Correction of $378 on our consolidated balance sheet to decrease prepaid expenses and increase other assets to property held for lease, net of accumulated depreciation and impairment • Correction of $375 on our consolidated statement of operations and comprehensive loss to decrease professional and consulting fees to litigation expense, net The impact to the beginning balance of accumulated deficit as of December 31, 2021 in our consolidated statement of stockholders' (deficit) equity for all errors that were identified that impacted 2021 and prior periods described above, is an increase of accumulated deficit of $6,593. The following tables present a reconciliation of the as previously reported consolidated financial statements to the restated amounts as of and for the year ended December 31, 2022. The reconciled consolidated financial statements as of and for the year ended December 31, 2022 include the following: (1) as restated consolidated balance sheet, (2) as restated consolidated statement of operations and comprehensive loss and (3) as restated consolidated statement of cash flows. Presented below are the changes to each financial statement line item which changed as a result of the restatement. Consolidated Balance Sheet As of December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Property held for lease, net of accumulated depreciation and impairment $ 50,278 $ (1,434) (b1)(b4) $ 48,844 Prepaid expenses and other current assets $ 8,515 $ (415) (b1)( b4) $ 8,100 Total current assets $ 128,634 $ (1,849) $ 126,785 Total assets $ 131,901 $ (1,849) $ 130,052 Accrued liabilities $ 14,532 $ 4,714 (a)(b4) $ 19,246 Unearned revenue $ 1,552 $ 2,631 (b3) $ 4,183 Total current liabilities $ 42,730 $ 7,345 $ 50,075 Total liabilities $ 124,773 $ 7,345 $ 132,118 Accumulated deficit $ (76,676) $ (9,194) (a)(b1-b3) $ (85,870) Total stockholders' (deficit) equity $ 7,128 $ (9,194) $ (2,066) Total liabilities and stockholders' (deficit) equity $ 131,901 $ (1,849) $ 130,052 Consolidated Statement of Operations and Comprehensive Loss Year Ended December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Rental revenue $ 207,979 $ (2,608) (a)(b3) $ 205,371 Total revenue $ 212,105 $ (2,608) $ 209,497 Cost of revenue $ 171,119 $ 973 (b1) $ 172,092 Gross profit $ 40,986 $ (3,581) $ 37,405 Professional and consulting fees $ 11,281 $ (742) (b2)(b4) $ 10,539 General and administrative $ 14,167 $ 121 (b2) $ 14,288 Litigation expense, net $ — $ 375 (b4) $ 375 Total operating expenses $ 66,092 $ (246) $ 65,846 Loss from operations $ (25,106) $ (3,335) $ (28,441) Interest expense and other fees $ (19,998) $ 734 (b2) $ (19,264) Loss before income taxes $ (37,921) $ (2,601) $ (40,522) Net loss $ (37,871) $ (2,601) $ (40,472) Net loss per common share - basic and diluted $ (9.64) $ (0.66) $ (10.30) Consolidated Statement of Cash Flows Year Ended December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Net loss $ (37,871) $ (2,601) (a)(b1-b3) $ (40,472) Depreciation and amortization $ 116,329 $ 506 (b1) $ 116,835 Net book value of property held for lease buyouts $ 30,505 $ 71 (b1) $ 30,576 Impairment on property held for lease expense $ 17,216 $ 359 (b1) $ 17,575 Amortization of debt discount $ 5,275 $ (734) (b2) $ 4,541 Property held for lease $ (151,843) $ 498 (b4) $ (151,345) Prepaid expenses and other current assets $ (4,266) $ 536 (b1)(b4) $ (3,730) Accrued liabilities $ 2,719 $ 1,249 (b2)(b4) $ 3,968 Unearned revenues $ (583) $ 116 (b3) $ (467) Net cash used in operating activities $ (20,848) $ — $ (20,848) RESTATEMENT OF UNAUDITED QUARTERLY RESULTS (UNAUDITED) . The financial results data, presented on a quarterly basis for the years ended December 31, 2022 and 2023 are unaudited. This data has been prepared in accordance with U.S. GAAP for interim financial information and, in the opinion of management, reflect all adjustments necessary for a fair statement of the results of operations for the periods presented. We have restated herein our previously issued unaudited quarterly financial results for the quarters ended March 31, 2022 and 2023, June 30, 2022 and 2023 and September 30, 2022 and 2023. The information has been prepared on the same basis as the consolidated financial statements. The related adjustments to the unaudited quarterly financial information resulting from similar adjustments discussed in Note 2 are also presented below. See Note 2 for descriptions of the misstatements in each category of restatements referenced by (a) and (b). In addition for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023, we decreased compensation costs in each quarter by $201 related to our bonus accrual as a result of increases to net loss in the respective periods referenced by (c) in the tables below. Presented below are the restated condensed consolidated balance sheets, condensed consolidated statements of operations and comprehensive loss and condensed consolidated statements of cash flows for each of the interim periods within the years ended December 31, 2022 and 2023. Condensed Consolidated Balance Sheet (Unaudited) As of March 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 80,625 $ — $ 80,625 Restricted cash 5,577 — 5,577 Property held for lease, net of accumulated depreciation and impairment 52,288 — 52,288 Prepaid expenses and other current assets 2,400 — 2,400 Total current assets 140,890 — 140,890 Property and equipment, net 669 — 669 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,452 — 1,452 Right-of-use assets 1,050 — 1,050 Total assets $ 144,152 $ — $ 144,152 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,430 $ — $ 2,430 Accrued liabilities 10,369 3,759 (a)(b4) 14,128 Unearned revenue 2,036 2,515 (b3) 4,551 Lease liabilities 426 — 426 Total current liabilities 15,261 6,274 21,535 Revolving line of credit, net 48,105 — 48,105 Term loan, net, non-current 41,586 1,215 (b2) 42,801 Other liabilities 4,252 — 4,252 Lease liabilities, non-current 715 — 715 Total liabilities 109,919 7,489 117,408 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 78,596 — 78,596 Accumulated deficit (44,363) (7,489) (a)(b2-b4) (51,852) Total stockholders' (deficit) equity 34,233 (7,489) 26,744 Total liabilities and stockholders' (deficit) equity $ 144,152 $ — $ 144,152 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended March 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Revenue Rental revenue $ 58,903 $ (661) (a) $ 58,242 Other revenue 974 — 974 Total revenue 59,877 (661) 59,216 Cost of revenue 48,113 — 48,113 Gross profit 11,764 (661) 11,103 Operating expenses: Servicing costs 1,207 — 1,207 Underwriting fees 488 — 488 Professional and consulting fees 3,288 (367) (b2) 2,921 Technology and data analytics 2,410 — 2,410 Compensation costs 5,377 — 5,377 General and administrative 3,805 121 (b2) 3,926 Total operating expenses 16,575 (246) 16,329 Loss from operations (4,811) (415) (5,226) Interest expense and other fees (3,801) (481) (b2) (4,282) Change in fair value of warrant liability 3,089 — 3,089 Loss before income taxes (5,523) (896) (6,419) Provision for income taxes (35) — (35) Net loss $ (5,558) $ (896) $ (6,454) Weighted average common shares outstanding - basic and diluted 3,915 — 3,915 Net loss per common share - basic and diluted $ (1.42) $ (0.23) $ (1.65) Condensed Consolidated Statement of Cash Flow (Unaudited) Three Months Ended March 31, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (5,558) $ (896) (a)(b2) $ (6,454) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 32,740 — 32,740 Net book value of property held for lease buyouts 10,020 — 10,020 Impairment on property held for lease expense 3,224 — 3,224 Change in fair value of warrants liability (3,089) — (3,089) Stock-based compensation 1,089 — 1,089 Amortization of debt discount 537 481 (b2) 1,018 Amortization of debt issuance costs, net 91 — 91 Accrued PIK Interest 388 — 388 Amortization of right-of-use assets 89 — 89 Change in operating assets and liabilities: Property held for lease (36,398) — (36,398) Prepaid expenses and other current assets 1,849 121 (b2) 1,970 Accounts payable 401 — 401 Accrued liabilities (1,444) 294 (a)(b2) (1,150) Lease liabilities (99) — (99) Unearned revenues (99) — (99) Net cash used in operating activities 3,741 — 3,741 Cash flows from investing activities: Purchases of property and equipment (139) — (139) Additions to capitalized software (472) — (472) Net cash used in investing activities (611) — (611) Cash flows from financing activities: Principal repayments on revolving line of credit (13,224) — (13,224) Repurchases of restricted stock (195) — (195) Proceeds from exercise of stock options 60 — 60 Net cash used in financing activities (13,359) — (13,359) Net decrease in cash, cash equivalents and restricted cash (10,229) — (10,229) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 86,202 $ — $ 86,202 Condensed Consolidated Balance Sheet (Unaudited) As of June 30, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 85,025 $ — $ 85,025 Restricted cash 2,229 — 2,229 Property held for lease, net of accumulated depreciation and impairment 45,935 — 45,935 Prepaid expenses and other current assets 4,646 — 4,646 Total current assets 137,835 — 137,835 Property and equipment, net 636 — 636 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,687 — 1,687 Right-of-use assets 960 — 960 Total assets $ 141,209 $ — $ 141,209 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 1,752 $ — $ 1,752 Accrued liabilities 10,914 4,224 (a)(b4) 15,138 Unearned revenue 1,623 2,515 (b3) 4,138 Lease liabilities 439 — 439 Total current liabilities 14,728 6,739 21,467 Revolving line of credit, net 55,183 — 55,183 Term loan, net, non-current 42,461 1,826 (b2) 44,287 Other liabilities 1,929 — 1,929 Lease liabilities, non-current 600 — 600 Total liabilities 114,901 8,565 123,466 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 80,404 — 80,404 Accumulated deficit (54,096) (8,565) (a)(b2-b4) (62,661) Total stockholders' (deficit) equity 26,308 (8,565) 17,743 Total liabilities and stockholders' (deficit) equity $ 141,209 $ — $ 141,209 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 51,911 $ (465) (a) $ 51,446 $ 110,815 $ (1,126) (a) $ 109,689 Other revenue 1,128 — 1,128 2,102 — 2,102 Total revenue 53,039 (465) 52,574 112,917 (1,126) 111,791 Cost of revenue 44,849 — 44,849 92,962 — 92,962 Gross profit 8,190 (465) 7,725 19,955 (1,126) 18,829 Operating expenses: Servicing costs 1,131 — 1,131 2,337 — 2,337 Underwriting fees 423 — 423 910 — 910 Professional and consulting fees 2,259 — 2,259 5,547 (367) (b2) 5,180 Technology and data analytics 2,455 — 2,455 4,864 — 4,864 Compensation costs 6,470 — 6,470 11,847 — 11,847 General and administrative 3,649 — 3,649 7,459 121 (b2) 7,580 Total operating expenses 16,387 — 16,387 32,964 (246) 32,718 Loss from operations (8,197) (465) (8,662) (13,009) (880) (13,889) Interest expense and other fees (3,794) (611) (b2) (4,405) (7,594) (1,092) (b2) (8,686) Change in fair value of warrant liability 2,323 — 2,323 5,412 — 5,412 Loss before income taxes (9,668) (1,076) (10,744) (15,191) (1,972) (17,163) Provision for income taxes (65) — (65) (100) — (100) Net loss $ (9,733) $ (1,076) $ (10,809) $ (15,291) $ (1,972) $ (17,263) Weighted average common shares outstanding - basic and diluted 3,918 — 3,918 3,921 — 3,921 Net loss per common share - basic and diluted $ (2.48) $ (0.27) $ (2.76) $ (3.90) $ (0.50) $ (4.40) Condensed Consolidated Statement of Cash Flow (Unaudited) Six Months Ended June 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (15,291) $ (1,972) (a)(b2) $ (17,263) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 62,438 — 62,438 Net book value of property held for lease buyouts 19,040 — 19,040 Impairment on property held for lease expense 7,490 — 7,490 Change in fair value of warrants liability (5,412) — (5,412) Stock-based compensation 2,946 — 2,946 Amortization of debt discount 1,015 1,092 (b2) 2,107 Amortization of debt issuance costs, net 181 — 181 Accrued PIK Interest 785 — 785 Amortization of right-of-use assets 179 — 179 Change in operating assets and liabilities: Property held for lease (72,844) — (72,844) Prepaid expenses and other current assets (397) 121 (b2) (276) Accounts payable (277) — (277) Accrued liabilities (899) 759 (a)(b2) (140) Lease liabilities (201) — (201) Unearned revenues (512) — (512) Net cash used in operating activities (1,759) — (1,759) Cash flows from investing activities: Purchases of property and equipment (153) — (153) Additions to capitalized software (845) — (845) Net cash used in investing activities (998) — (998) Cash flows from financing activities: Proceeds from revolving line of credit 9,935 — 9,935 Principal repayments on revolving line of credit (16,171) — (16,171) Repurchases of restricted stock (244) — (244) Proceeds from exercise of stock options 60 — 60 Net cash used in financing activities (6,420) — (6,420) Net decrease in cash, cash equivalents and restricted cash (9,177) — (9,177) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 87,254 $ — $ 87,254 Condensed Consolidated Balance Sheet (Unaudited) As of September 30, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 77,162 $ — $ 77,162 Restricted cash 4,412 — 4,412 Property held for lease, net of accumulated depreciation and impairment 42,195 — 42,195 Prepaid expenses and other current assets 4,630 — 4,630 Total current assets 128,399 — 128,399 Property and equipment, net 600 — 600 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,894 — 1,894 Right-of-use assets 868 — 868 Total assets $ 131,852 $ — $ 131,852 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,901 $ — $ 2,901 Accrued liabilities 11,972 4,820 (a)(b4) 16,792 Unearned revenue 1,497 2,515 (b3) 4,012 Lease liabilities 419 — -1000 419 Total current liabilities 16,789 7,335 24,124 Revolving line of credit, net 49,783 — 49,783 Term loan, net, non-current 43,299 2,882 (b2) 46,181 Other liabilities 1,548 — 1,548 Lease liabilities, non-current 515 — 515 Total liabilities 111,934 10,217 122,151 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 82,167 — 82,167 Accumulated deficit (62,249) (10,217) (a)(b2-b4) (72,466) Total stockholders' (deficit) equity 19,918 (10,217) 9,701 Total liabilities and stockholders' (deficit) equity $ 131,852 $ — $ 131,852 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 49,260 $ (596) (a) $ 48,664 $ 160,075 $ (1,722) (a) $ 158,353 Other revenue 1,081 — 1,081 3,183 — 3,183 Total revenue 50,341 (596) 49,745 163,258 (1,722) 161,536 Cost of revenue 38,417 — 38,417 131,379 — 131,379 Gross profit 11,924 (596) 11,328 31,879 (1,722) 30,157 Operating expenses: Servicing costs 1,025 — 1,025 3,362 — 3,362 Underwriting fees 419 — 419 1,330 — 1,330 Professional and consulting fees 2,697 (375) (b4) 2,322 8,244 (742) (b2)(b4) 7,502 Technology and data analytics 2,421 — 2,421 7,286 — 7,286 Compensation costs 6,752 — 6,752 18,599 — 18,599 General and administrative 3,276 — 3,276 10,733 121 (b2) 10,854 Litigation expense, net — 375 (b4) 375 — 375 (b4) 375 Total operating expenses 16,590 — 16,590 49,554 (246) 49,308 Loss from operations (4,666) (596) (5,262) (17,675) (1,476) (19,151) Interest expense and other fees (4,018) (1,056) (b2) (5,074) (11,612) (2,148) (b2) (13,760) Interest income 223 — 223 223 — 223 Change in fair value of warrant liability 381 — 381 5,793 — 5,793 Loss before income taxes (8,080) (1,652) (9,732) (23,271) (3,624) (26,895) Provision for income taxes (73) — (73) (173) — (173) Net loss $ (8,153) $ (1,652) $ (9,805) $ (23,444) $ (3,624) $ (27,068) Weighted average common shares outstanding - basic and diluted 3,936 — 3,936 3,926 — 3,926 Net loss per common share - basic and diluted $ (2.07) $ (0.42) $ (2.49) $ (5.97) $ (0.92) $ (6.89) Condensed Consolidated Statement of Cash Flow (Unaudited) Nine Months Ended September 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (23,444) $ (3,624) (a)(b2) $ (27,068) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 89,093 — 89,093 Net book value of property held for lease buyouts 24,783 — 24,783 Impairment on property held for lease expense 11,928 — 11,928 Change in fair value of warrants liability (5,793) — (5,793) Stock-based compensation 4,753 — 4,753 Amortization of debt discount 1,130 2,148 (b2) 3,278 Amortization of debt issuance costs, net 271 — 271 Accrued PIK Interest 1,508 — 1,508 Amortization of right-of-use assets 271 — 271 Change in operating assets and liabilities: Property held for lease (105,741) — (105,741) Prepaid expenses and other current assets (382) 121 (b2) (261) Accounts payable 872 — 872 Accrued liabilities 159 1,355 (a)(b2) 1,514 Lease liabilities (306) — (306) Unearned revenues (638) — (638) Net cash used in operating activities (1,536) — (1,536) Cash flows from investing activities: Purchases of property and equipment (164) — (164) Additions to capitalized software (1,203) — (1,203) Net cash used in investing activities (1,367) — (1,367) Cash flows from financing activities: Proceeds from revolving line of credit 9,935 — 9,935 Principal repayments on revolving line of credit (21,661) — (21,661) Repurchases of restricted stock (293) — (293) Proceeds from exercise of stock options 65 — 65 Net cash used in financing activities (11,954) — (11,954) Net decrease in cash, cash equivalents and restricted cash (14,857) — (14,857) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 81,574 $ — $ 81,574 The table below sets forth the unaudited condensed consolidated statements of stockholders' (deficit) equity, including balances reported, adjustments and balances as restated: Common Stock Additional Paid-in Capital Accumulated Deficit Total Stockholders' (Deficit) Equity Shares Amount Balance at March 31, 2022 as reported 3,925 $ — $ 78,596 $ (44,363) $ 34,233 Cumulative adjustments to net loss — — (7,489) (7,489) Balance at March 31, 2022 as restated 3,925 $ — $ 78,596 $ (51,852) $ 26,744 — — Balance at June 30, 2022 as reported 3,933 $ — $ 80,404 $ (54,096) $ 26,308 Cumulative adjustments to net loss — — (8,565) (8,565) Balance at June 30, 2022 as restated 3,933 $ — $ 80,404 $ (62,661) $ 17,743 Balance at September 30, 2022 as reported 3,937 $ — $ 82,167 $ (62,249) $ 19,918 Cumulative adjustments to net loss — — (10,217) (10,217) Balance at September 30, 2022 as restated 3,937 $ — $ 82,167 $ (72,466) $ 9,701 Condensed Consolidated Balance Sheet (Unaudited) As of March 31, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 40,552 $ — $ 40,552 Restricted cash 4,397 — 4,397 Property held for lease, net of accumulated depreciation and impairment 52,801 (1,268) (b1) 51,533 Prepaid expenses and other current assets 5,737 (745) (b1) 4,992 Total current assets 103,487 (2,013) 101,474 Property and equipment, net 514 — 514 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,994 — 1,994 Right-of-use assets 674 — 674 Total assets $ 106,760 $ (2,013) $ 104,747 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 1,516 $ — $ 1,516 Accrued liabilities 14,040 5,981 (a) 20,021 Unearned revenue 2,002 2,631 (b3) 4,633 Lease liabilities 343 — 343 Total current liabilities 17,901 8,612 26,513 Revolving line of credit, net 60,905 — 60,905 Term loan, net, non-current 22,811 — 22,811 Other liabilities 770 — 770 Lease liabilities, non-current 372 — 372 Total liabilities 102,759 8,612 111,371 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 89,791 — 89,791 Accumulated deficit (85,790) (10,625) (a)(b1)(b3) (96,415) Total stockholders' (deficit) equity 4,001 (10,625) (6,624) Total liabilities and stockholders' (deficit) equity $ 106,760 $ (2,013) $ 104,747 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended March 31, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated Revenue Rental revenue $ 54,724 $ (593) (a) $ 54,131 Other revenue 952 — 952 Total revenue 55,676 (593) 55,083 Cost of revenue 42,173 1,040 (b1) 43,213 Gross profit 13,503 (1,633) 11,870 Operating expenses: Servicing costs 990 — 990 Underwriting fees 468 — 468 Professional and consulting fees 2,655 — 2,655 Technology and data analytics 1,665 — 1,665 Compensation costs 7,057 (202) (c) 6,855 General and administrative 2,934 — 2,934 Total operating expenses 15,769 (202) 15,567 Loss from operations (2,266) (1,431) (3,697) Loss on partial extinguishment of debt (2,391) — (2,391) Interest expense and other fees (5,189) — (5,189) Interest income 620 — 620 Change in fair value of warrant liability 132 — 132 Loss before income taxes (9,094) (1,431) (10,525) Provision for income taxes (20) — (20) Net loss $ (9,114) $ (1,431) $ (10,545) Weighted average common shares outstanding - basic and diluted 3,973 — 3,973 Net loss per common share - basic and diluted $ (2.29) $ (0.36) $ (2.65) Condensed Consolidated Statement of Cash Flow (Unaudited) Three Months Ended March 31, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (9,114) $ (1,431) (a)(b1)(b4)(c) $ (10,545) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 29,012 665 (b1) 29,677 Net book value of property held for lease buyouts 6,452 295 (b1) 6,747 Impairment on property held for lease expense 5,223 35 (b1) 5,258 Change in fair value of warrants liability (132) — (132) Stock-based compensation 2,090 — 2,090 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 1,093 — 1,093 Amortization of debt issuance costs, net 81 — 81 Accrued PIK Interest 530 — 530 Amortization of right-of-use assets 98 — 98 Change in operating assets and liabilities: Property held for lease (43,013) (286) (b4) (43,299) Prepaid expenses and other current assets 2,778 331 (b1)(b4) 3,109 Accounts payable 252 — 252 Accrued liabilities (985) 391 (a)(c) (594) Lease liabilities (112) — (112) Unearned revenues 450 — 450 Net cash used in operating activities (2,906) — (2,906) Cash flows from investing activities: Purchases of property and equipment (4) — (4) Additions to capitalized software (297) — (297) Net cash used in investing activities (301) — (301) Cash flows from financing activities: Proceeds from revolving line of credit 4,350 — 4,350 Principal repayments on revolving line of credit (872) — (872) Principal repayment on term loan (25,000) — (25,000) Repurchases of restricted stock (163) — (163) Net cash used in financing activities (21,685) — (21,685) Net decrease in cash, cash equivalents and restricted cash (24,892) — (24,892) Cash, cash equivalents and restricted cash at beginning of period 69,841 — 69,841 Cash, cash equivalents and restricted cash at end of period $ 44,949 $ — $ 44,949 Condensed Consolidated Balance Sheet (Unaudited) As of June 30, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 38,228 $ — $ 38,228 Restricted cash 3,343 — 3,343 Property held for lease, net of accumulated depreciation and impairment 54,352 (1,567) (b1) 52,785 Prepaid expenses and other current assets 6,485 (1,241) (b1) 5,244 Total current assets 102,408 (2,808) 99,600 Property and equipment, net 471 — 471 Security deposits 91 — 91 Capitalized software and intangible assets, net 2,021 — 2,021 Right-of-use assets 574 — 574 Total assets $ 105,565 $ (2,808) $ 102,757 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 974 $ — $ 974 Accrued liabilities 14,588 6,214 (a) 20,802 Unearned revenue 1,988 2,631 (b3) 4,619 Lease liabilities 304 — 304 Total current liabilities 17,854 8,845 26,699 Revolving line of credit, net 63,538 — 63,538 Term loan, net, non-current 23,644 — 23,644 Other liabilities 513 — 513 Lease liabilities, non-current 296 — 296 Total liabilities 105,845 8,845 114,690 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 91,920 — 91,920 Accumulated deficit (92,200) (11,653) (a)(b1)(b3) (103,853) Total stockholders' (deficit) equity (280) (11,653) (11,933) Total liabilities and stockholders' (deficit) equity $ 105,565 $ (2,808) $ 102,757 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 53,874 $ (435) (a) $ 53,439 $ 108,598 $ (1,028) (a) $ 107,570 Other revenue 697 — 697 1,649 — 1,649 Total revenue 54,571 (435) 54,136 110,247 (1,028) 109,219 Cost of revenue 43,874 795 (b1) 44,669 86,047 1,835 (b1) 87,882 Gross profit 10,697 (1,230) 9,467 24,200 (2,863) 21,337 Operating expenses: Servicing costs 1,103 — 1,103 2,093 — 2,093 Underwriting fees 480 — 480 948 — 948 Professional and consulting fees 1,623 — 1,623 4,278 — 4,278 Technology and data analytics 1,959 — 1,959 3,624 — 3,624 Compensation costs 5,768 (202) (c) 5,566 12,825 (404) (c) 12,421 General and administrative 2,746 — 2,746 5,680 — 5,680 Total operating expenses 13,679 (202) 13,477 29,448 (404) 29,044 Loss from operations (2,982) (1,028) (4,010) (5,248) (2,459) (7,707) Loss on partial extinguishment of debt — — — (2,391) — (2,391) Interest expense and other fees (4,098) — (4,098) (9,287) — (9,287) Interest income 427 — 427 1,047 — 1,047 Change in fair value of warrant liability 257 — 257 389 — 389 Loss before income taxes (6,396) (1,028) (7,424) (15,490) (2,459) (17,949) Provision for income taxes (14) — (14) (34) — (34) Net loss $ (6,410) $ (1,028) $ (7,438) $ (15,524) $ (2,459) $ (17,983) Weighted average common shares outstanding - basic and diluted 4,073 — 4,073 4,023 — 4,023 Net loss per common share - basic and diluted $ (1.57) $ (0.25) $ (1.83) $ (3.86) $ (0.61) $ (4.47) Condensed Consolidated Statement of Cash Flow (Unaudited) Six Months Ended June 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (15,524) $ (2,459) (a)(b1)(b4)(c) $ (17,983) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 59,646 1,245 (b1) 60,891 Net book value of property held for lease buyouts 12,921 375 (b1) 13,296 Impairment on property held for lease expense 10,515 85 (b1) 10,600 Change in fair value of warrants liability (389) — (389) Stock-based compensation 4,303 — 4,303 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 1,592 — 1,592 Amortization of debt issuance costs, net 145 — 145 Accrued PIK Interest 864 — 864 Amortization of right-of-use assets 198 — 198 Change in operating assets and liabilities: Property held for lease (86,725) (697) (b4) (87,422) Prepaid expenses and other current assets 2,030 828 (b1)(b4) 2,858 Litigat

Property Held for Lease, Net of

Property Held for Lease, Net of Accumulated Depreciation and Impairment	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Property Held for Lease, Net of Accumulated Depreciation and Impairment	PROPERTY HELD FOR LEASE, NET OF ACCUMULATED DEPRECIATION AND IMPAIRMENT Property held for lease, net of accumulated depreciation and impairment consists of the following: December 31, 2023 2022 (As Restated) Property held for lease $ 290,808 $ 296,351 Less: accumulated depreciation and impairment (231,473) (247,507) Property held for lease, net $ 59,335 $ 48,844 The table below details our cost of revenue for the years ended December 31, 2023 and 2022 : December 31, 2023 2022 (As Restated) Depreciation expense related to property held for lease $ 125,401 $ 116,102 Net book value of property buyouts 25,784 30,576 Impairment on property held for lease expense 22,019 17,575 Other (1) 6,677 7,839 Total cost of revenue $ 179,881 $ 172,092 (1) Other consists mainly of payment processing fees, incentives and other lease related costs. Substantially all property held for lease, net is on-lease as of December 31, 2023 and 2022.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
Property and Equipment, Net	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	PROPERTY AND EQUIPMENT, NET Property and equipment, net consists of the following: December 31, 2023 2022 Computer, office and other equipment $ 822 $ 813 Computer software 80 80 Furniture and fixtures 100 100 Leasehold improvements 263 252 1,265 1,245 Less: accumulated depreciation (938) (688) Property and equipment, net $ 327 $ 557 We recognized depreciation expense related to property and equipment, net of $250 and $187 for the years ended December 31, 2023 and 2022,

Capitalized Software and Intang

Capitalized Software and Intangible Assets, Net	12 Months Ended
Capitalized Software and Intangible Assets, Net	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Capitalized Software and Intangible Assets, Net	CAPITALIZED SOFTWARE AND INTANGIBLE ASSETS, NET Capitalized software and intangible assets, net consists of the following: December 31, 2023 2022 Capitalized software $ 3,545 $ 2,591 Domain name 16 16 3,561 2,607 Less: accumulated amortization (1,642) (760) Capitalized software and intangible assets, net $ 1,919 $ 1,847 We recognized amortization expense for capitalized software and intangible assets of $882 and $545 for the years ended December 31, 2023 and 2022, respectively, which is included in general and administrative expenses in our consolidated statements of operations and comprehensive loss. The following table summarizes estimated future amortization expense of capitalized software and intangible assets, net, exclusive of software not yet placed in service, as of December 31, 2023: Year Future Amortization Expense of Capitalized Software and Intangible Assets, Net 2024 $ 784 2025 408 2026 130 $ 1,322 As of December 31, 2023 and 2022, $581 and $398 of capitalized software was not yet placed in service, respectively and such amounts are excluded from the table above.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
Accrued Liabilities	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Accrued Liabilities	ACCRUED LIABILITIES Accrued liabilities consists of the following: December 31, 2023 2022 (As Restated) Bonus accrual $ 4,183 $ 2,376 Sales tax payable (1) 14,527 11,172 Unfunded lease payable (2) 3,578 3,283 Interest payable 140 118 Other accrued liabilities 1,718 2,297 Total accrued liabilities $ 24,146 $ 19,246 (1) Cash collected from lessees not yet remitted to the tax authority. (2) Amounts owed to merchant partners for property held for lease.

Debt

Debt	12 Months Ended
Debt	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt	DEBT On March 6, 2023, the Company entered into the 15th amendment to the loan and security agreement with the Lender (as amended the “15th Amendment"). As part of the amendment, the maturity date of the RLOC and the Term Loan was extended to June 4, 2025 and the commitments under the RLOC were reduced to $75,000 from $125,000. The spread on the RLOC was increased to 8.5% from 7.5%, while the spread on the Term Loan remained at 8.0%. Additionally, effective April 1, 2023 ,the Secured Overnight Financing Rate (“SOFR”) replaced the London Interbank Offered Rate (“LIBOR”), plus a 0.10% credit adjustment spread, for both the RLOC and the Term Loan’s benchmark rate for interest rate calculations. As of December 31, 2023, the interest rates were 13.9% and 17.9% (which includes the interest rate applicable to interest paid-in-kind (“PIK”)) for the RLOC and Term Loan, respectively. In connection with the 15th Amendment, the Company repaid $25,000 of outstanding principal amount of the Term Loan and issued a warrant to purchase up to 80,000 shares of our common stock at an exercise price of $0.25 per share, which vested on September 6, 2023. Under the same warrant, on December 5, 2023, the Company granted an additional 80,000 shares of our common stock at an exercise price of $0.25 per share which are vested. In conjunction with the 15th amendment to the Credit Agreement, the Company incurred a loss on partial extinguishment of debt of $2,391 during the year ended December 31, 2023. The loss on partial extinguishment of debt is attributed to the derecognition of a proportionate amount of the unamortized debt discount, a result of repaying the $25,000 of outstanding principal on the Term Loan. In addition, the 15th Amendment also updated certain financial covenants, including the Minimum Adjusted EBITDA (as defined in the 15th Amendment) Minimum Tangible Net Worth, Minimum Liquidity and compliance with a Total Advance Rate (as defined in the 15th Amendment). As of December 31, 2022, the Company was in compliance with all covenants. A reconciliation of the outstanding principal to the carrying amount of the RLOC is as follows:: December 31, 2023 2022 Principal balance $ 60,744 $ 57,998 Less: Unamortized issuance costs (397) (359) Total carrying amount $ 60,347 $ 57,639 The issuance costs are amortized over the life of the RLOC and included in interest expense and other fees in our consolidated statements of operations and comprehensive loss. A reconciliation of the outstanding principal to the carrying amount of the Term Loan is as follows: December 31, 2023 2022 Principal balance $ 25,000 $ 50,000 PIK 5,340 3,785 Less: Unamortized debt discount and issuance costs (4,837) (5,728) Total carrying amount $ 25,503 $ 48,057 The interest rate for PIK interest on the Term Loan (as defined in the 15th Amendment) is (A) if Liquidity is greater than $25,000, 4.5% or (B) if Liquidity is less than $25,000, 6%. We recognized amortization expense related to the Term Loan discount and issuance costs of $2,760 and $4,541 (as restated) for the years ended December 31, 2023 and 2022, respectively. Amortization of debt discount and debt issuance costs is included in interest expense and other fees in our consolidated statements of operations and comprehensive loss. The RLOC and Term Loan are also subject to certain customary representations, affirmative covenants, which consist of maintaining lease performance metrics, financial ratios related to operating results, and lease delinquency ratios, along with customary negative covenants. On April 24, 2024, the Company entered into the Limited Waiver and 16th Amendment to the Loan and Security Agreement with the Lender (the "16th Amendment"). Pursuant to such 16th Amendment, the Lender granted the Company a waiver of any Specified Defaults (as defined in the 16th Amendment) related to the accounting errors that led to the restatement of the Company’s financial statements for all reporting periods prior to the date of the amendment to the extent such financial statements and certifications were impacted by the restatement. In addition, the 16th Amendment also updated certain financial covenants each as defined in the 16th Amendment, including Minimum Adjusted EBITDA (Trailing 3 Months), Minimum Adjusted EBITDA (YTD) and Minimum Tangible Net Worth.

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2023
Leases [Abstract]
Leases	LEASES Lessor Information— Refer to Note 3 of these consolidated financial statements for further information about the Company’s revenue generating activities as a lessor. The Company’s customer agreements are considered operating leases. Lessee Information— The Company determines if a contract contains a lease at inception. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date of the lease based on the present value of lease payments over the lease term. The Company uses the incremental borrowing rate to determine the present value of lease payments, as the implicit rate is not readily determinable. The ROU asset also includes any lease payments made. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company leases office space in New York, NY under an operating lease with a non-cancelable lease term which ends in June 2025. The Company also leases office space in Plano, TX and in December 2023 entered into a new lease agreement for new office space under an operating lease with a non-cancelable lease term which ends in June 2031. The Company recorded an ROU asset and lease liability for the Plano lease of $471 and $462, respectively. Lease expenses are included in general and administrative expenses in our consolidated statement of operations and comprehensive loss. The following is a schedule of future minimum lease payments required under the non-cancelable leases as of December 31, 2023, reconciled to the present value of operating lease liabilities: Year Future Minimum 2024 $ 384 2025 275 2026 108 2027 111 2028 114 Thereafter 302 Total future minimum lease payments $ 1,294 Less: Interest (383) Total present value of lease liabilities $ 911 Lease Liabilities— Lease liabilities as of December 31, 2023 , consists of the following: December 31, 2023 Current portion of lease liabilities $ 297 Long-term lease liabilities, net of current portion 614 Total lease liabilities $ 911 We recognized rent expense for operating leases of $565 and $532 for the for the years ended December 31, 2023 and 2022, respectively. As of December 31, 2023, the Company had a weighted average remaining lease term of 5.2 years and a weighted average discount rate of 12%.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
Stock-Based Compensation	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION The Company has two stock incentive plans, the Cognical Holdings, Inc. 2014 Stock Incentive Plan, (the “ 2014 Plan ”) and the Katapult Holdings, Inc. 2021 Equity Incentive Plan, (the “ 2021 Plan ”). 2014 Plan In accordance with the 2014 Plan, the board of directors of Legacy Katapult could grant equity awards to officers, employees, directors and consultants for common stock. There were no stock options granted to non-employees during 2023 and 2022 . The 2014 Plan has specific vesting for each stock option grant allowing vesting of the options over one awards have been granted under the 2014 Plan since October 2020 and no new equity awards are expected to be granted under the 2014 Plan. Stock Options A summary of the status of the stock options under the 2014 Plan as of December 31, 2023, and changes during the year then ended is presented below (adjusted after the Reverse Stock Split): Number of Options Weighted- Average Exercise Price Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance - December 31, 2022 322,900 $ 7.39 6.3 $ 5,479 Granted — — Exercised (120) 4.75 Forfeited (375) $ 87.50 Balance - December 31, 2023 322,405 $ 7.30 5.3 $ 1,539 Exercisable - December 31, 2023 322,232 $ 7.26 5.3 $ 1,539 Unvested - December 31, 2023 173 $ — 5.3 $ — The total intrinsic value of stock options exercised during the year ended December 31, 2022 was $216. 2021 Plan On June 9, 2021, the 2021 Plan, which was previously approved by the board of directors and stockholders, became effective. In accordance with the 2021 Plan, directors may issue equity awards, including restricted stock awards ("RSA"), restricted stock unit awards ("RSU") and stock options to officers, employees, directors and consultants to purchase common stock. The awards granted are subject to either service-based and/or performance-based vesting conditions. Awards granted under the 2021 Plan generally vest over one Stock Options A summary of the status of the stock options under the 2021 Plan as of December 31, 2023, and changes during the year then ended is presented below (adjusted after the Reverse Stock Split): Number of Options Weighted- Average Exercise Price Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance - December 31, 2022 13,865 $ 261.25 8.50 $ — Granted — — Exercised — — Forfeited — — Balance - December 31, 2023 13,865 $ 261.25 7.50 $ — Exercisable - December 31, 2023 10,687 $ 261.25 7.50 $ — Unvested - December 31, 2023 3,178 $ 261.25 7.50 $ — As of December 31, 2023, total compensation cost not yet recognized related to unvested stock options was $469, which is expected to be recognized over a period of 0.9 years. No stock options were granted under the 2021 Plan during the years ended December 31, 2023 and 2022 . Restricted Stock Units RSUs are equity awards granted to employees that entitle the holder to shares of common stock when the awards vest. RSU's are measured based on the fair value of the Company's common stock on the date of grant. A summary of the status of RSU's under the 2021 Plan as of December 31, 2023, and changes during the year then ended is presented below (adjusted after the Reverse Stock Split): Number of RSUs Weighted Average Grant Date Fair Value Outstanding - December 31, 2022 245,689 $ 59.56 Granted 187,737 $ 20.16 Vested (116,969) $ 59.86 Forfeited (38,167) $ 50.76 Outstanding - December 31, 2023 278,290 $ 34.05 Stock-Based Compensation Expense —We recognized stock-based compensation expense of $7,034 and $6,439 for the years ended December 31, 2023 and 2022 , respectively. Stock-based compensation expense is included in compensation costs on the consolidated statements of operations and comprehensive loss. As of December 31, 2023 , there was approximately $7,744 of unrecognized compensation costs related to unvested RSUs. This amount is expected to be recognized over a weighted-average period of 1.9 years. The total fair value of vested RSUs as of their respective vesting dates were $1,830. Shares Available For Future Issuance — At December 31, 2023 , there were 103,312 shares available for issuance by the Company under the 2021 Plan.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company recorded a federal income tax loss fully related to its U.S.-based jurisdictions for the years ended December 31, 2023 and 2022, respectively. Since it maintains a full valuation allowance on all of its deferred tax assets, the Company recorded no federal provision for income tax or benefits during the years ended December 31, 2023 and 2022, respectively. The provision for income taxes for the year ended December 31, 2023 relates primarily to state income taxes. The benefit for income taxes for the year ended December 31, 2022 relates primarily to reductions in certain state income tax obligations. A reconciliation of the Company's statutory income tax rate to the Company's effective income tax rate is as follows: Years Ended December 31, 2023 2022 (As Restated) Federal statutory rate 21.0 % 21.0 % Effect of: State taxes, net of federal tax benefit 6.3 % 7.0 % Change in valuation allowance (24.4 %) (29.4 %) Warrant remeasurement 0.5 % 3.3 % Stock compensation (3.6 %) (2.1 %) Permanent differences (0.2 %) — % Other, net — % 0.3 % Effective tax rate (0.4 %) 0.1 % The components of deferred tax assets and liabilities are as follows: December 31, 2023 2022 (As Restated) Deferred tax assets: Accruals and reserves 3,309 $ 677 Federal, state and local net operating loss carryforwards 32,441 33,038 Stock compensation 914 1,172 Section 163(j) interest carryforward 8,747 4,544 Lease liabilities 231 209 Total deferred tax asset before valuation allowance 45,642 39,640 Valuation allowance (39,968) (31,220) Deferred tax asset - net of valuation allowance 5,674 8,420 Deferred tax liabilities: Right-of-use assets (224) (195) Depreciation & amortization (5,450) (8,225) Total deferred tax liabilities (5,674) (8,420) Net deferred tax asset (liability) $ — $ — As of December 31, 2023 and 2022 , the Company had a U.S. federal net operating loss carryforward of $127,800 and $134,100, respectively. As of December 31, 2023 and 2022 , the Company has state net operating loss (“NOL”) carryforwards of $94,100 and $86,000, respectively. Of the $127,800 of Federal NOL carryforwards, $27,300 begins to expire in 2033 and $100,500 may be carried forward indefinitely. The state net operating loss carryforwards begin to expire in 2024. Future realiza tion of the tax benefits of existing temporary differences and net operating loss carryforwards ultimately depends on the existence of sufficient taxable income within the carryforward period. As of December 31, 2023 and 2022 , the Company performed an evaluation to determine whether a valuation allowance was needed. The Company considered all available evidence, both positive and negative, which included the results of operations for the current and preceding years. The Company determined that it was not possible to reasonably quantify future taxable income and determined that it is more likely than not that all of the deferred tax assets will not be realized. Accordingly, the Company maintained a full valuation allowance as of December 31, 2023 and 2022 . Under Internal Revenue Code Section 382, if a corporation undergoes an “ownership change,” the corporation’s ability to use its pre-change NOL carryforwards and other pre-change tax attributes to offset its post-change income may be limited. We have not completed a study to assess whether an “ownership change” has occurred or whether there have been multiple ownership changes since we became a “loss corporation” as defined in Section 382. Future changes in our stock ownership, which may be outside of our control, may trigger an “ownership change.” In addition, future equity offerings or acquisitions that have equity as a component of the purchase price could result in an “ownership change.” If an “ownership change” has occurred or does occur in the future, utilization of the NOL carryforwards or other tax attributes may be limited, or potentially significantly deferred compared to such ability in the absence of an "ownership change", which could potentially result in increased future tax liability to the Company. The calculation of the Company's tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations for both federal taxes and the many states in which we operate or do business in. ASC 740 states that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits. The Company records uncertain tax positions as liabilities in accordance with ASC 740 and adjust these liabilities when our judgment changes as a result of the evaluation of new information not previously available. Because of the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the Company's current estimate of the unrecognized tax benefit liabilities. These differences will be reflected as increases or decreases to income tax expense in the period in which new information is available. As of December 31, 2023 and 2022 the Company has not recorded any uncertain tax positions in our consolidated financial statements. The Company recognizes interest and penalties related to unrecognized tax benefits on the income tax expense line in the accompanying consolidated statement of operations and comprehensive loss. As of December 31, 2023 and 2022 , no accrued interest or penalties are included on the related tax liability line in the consolidated balance sheet.

Net Loss Per Share

Net Loss Per Share	12 Months Ended
Net Loss Per Share	Dec. 31, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	NET LOSS PER SHARE As discussed in Note 8, on March 6, 2023, in connection with the 15th amendment of our Credit Agreement, the Company issued a warrant to purchase up to 80,000 shares of our common stock at an exercise price of $0.25 per share, which vested on September 6, 2023. Under the same warrant, on December 5, 2023, the Company granted an additional 80,000 shares of its common stock at an exercise price of $0.25 per share which are vested. The warrants were considered exercisable for 160,000 shares for little to no consideration and the shares are therefore included in basic shares outstanding at their issuance date. The Company’s potentially dilutive securities, which include unvested RSUs, stock options to purchase common stock and warrants to purchase common stock, have been excluded from the computation of diluted net loss per share for certain periods, as the effect would be antidilutive. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same in periods of a net loss. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect (adjusted for after the Reverse Stock Split): Year Ended December 31, 2023 2022 Public warrants 500,000 500,000 Private warrants 13,300 13,300 Stock options 336,270 337,335 Unvested restricted stock units 278,290 240,160 Total common stock equivalents 1,127,860 1,090,795

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Litigation risk— From time to time, the Company may become involved in various legal actions arising in the ordinary course of business. Management is of the opinion that the ultimate liability, if any, from these actions will not have a material effect on its financial condition or results of operations. The Company is not currently aware of any material indemnification or other claims, except as discussed below and has not accrued any material liabilities related to such obligations in the consolidated financial statements as of December 31, 2023 and 2022 . Except as set forth below, the Company and its subsidiaries are not a party to, and their properties are not the subject of, any material pending legal proceedings. DCA Litigation On April 9, 2021, Daiwa Corporate Advisory LLC (“DCA”), filed a complaint filed in the Supreme Court of the State of New York, New York County. The complaint relates to an April 11, 2018 letter agreement (the “Letter Agreement”) entered into by DCA and Legacy Katapult. Among other things, DCA alleges that Katapult breached its obligations to (i) provide DCA a right of first refusal to act as the “exclusive financial advisor” with respect to the 2020 sales transaction and the 2020 PIPE transaction, (ii) pay DCA fees in connection with such advisory roles, and (iii) pay a $100 termination fee when it terminated the Letter Agreement. DCA seeks damages in an amount to be determined by trial and seeks attorneys’ fees and costs, an award of pre- and- post -judgment interest, and such other and further relief as the Court deems just and proper. On September 12, 2022, DCA filed a motion seeking summary judgment as to its claims, and on September 13, 2022, the Company filed a motion seeking summary judgment as to DCA’s first cause of action. The parties subsequently filed opposition and reply briefs and unsuccessfully attempted to resolve the matter via mediation. On September 6, 2023, the Court issued its decision and order on the motions, granting in part each party’s motion. It found that (1) Katapult breached its obligation to offer DCA the opportunity to act as its advisor on the 2020 sale transaction but that a triable question of fact remains regarding the damages, if any, caused by the breach (2) Katapult did not breach the contract with respect to its failure to offer DCA the opportunity to act as its advisor on the 2020 PIPE transaction; and (3) a triable question of fact remains regarding whether Katapult breached any obligations regarding the termination fee. This matter is scheduled for trial in September 2024. The Company intends to vigorously defend against the claims in this action. Shareholder Litigation On August 27, 2021, a putative class action lawsuit, captioned McIntosh v. Katapult Holdings, Inc., et al, was filed in the U.S. District Court for the Southern District of New York. The operative second amended complaint was filed on November 4, 2022 against Katapult Holdings, Inc., three current and former Company officers, and two FinServ officers. The second amended complaint alleges violations of Sections 10(b), 14(a), and 20(a) of the Securities Exchange Act of 1934, and seeks an unspecified amount of damages on behalf of persons and entities that (a) beneficially owned and/or held FinServ common stock as of the close of business on May 11, 2021 and were eligible to vote at FinServ’s June 7, 2021 special meeting (the “FinServ Putative Class”); or (b) purchased or otherwise acquired Katapult securities between June 15, 2021 and August 9, 2021, inclusive (the “Katapult Putative Class”). On May 26, 2022, the Court appointed a lead plaintiff, but on August 8, 2023, the court dismissed the Katapult Putative Class’s claims which were under Sections 10(b) and 20(a) and dismissed two current and former Company officers from the case. The Court declined to dismiss certain of the FinServ Putative Class’s claims under Sections 14(a) and 20(a). On August 25, 2022, a purported Company stockholder filed a putative class action lawsuit, captioned Saunders v. Einbinder, et al., against directors and officers of FinServ Acquisition Corp. (“FinServ”) and FinServ Holdings LLC in the Delaware Court of Chancery. The operative amended complaint was filed on January 27, 2023, alleging that defendants breached their fiduciary duties by making false and misleading disclosures to induce FinServ stockholders to approve FinServ’s merger with Katapult. On March 13, 2023, the Court granted the parties’ stipulation to dismiss FinServ Holdings LLC from the case and amended the caption as In re FinServ Acquisition Corp. SPAC Litigation.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The Company’s financial instruments consist of its warrant liability, RLOC, and Term Loan. The estimated fair value of the Company’s RLOC, and term loan facility were as follows: December 31, 2023 December 31, 2022 Principal Carrying Fair Principal Carrying Fair RLOC $ 60,744 $ 60,347 $ 64,631 $ 57,998 $ 57,639 $ 58,708 Term loan (1) 30,340 25,503 33,900 53,785 48,057 56,828 $ 91,084 $ 85,850 $ 98,531 $ 111,783 $ 105,696 $ 115,536 (1) Term loan outstanding principal balance and fair value includes $5,340 and $3,785 of capitalized PIK interest as of December 31, 2023 and 2022, respectively. The estimated fair values of the Company’s RLOC and Term Loan were determined using Level 2 inputs based on an estimated credit rating for the Company and the yield for similar debt instruments with similar credit ratings. There were no assets measured at fair value on a recurring basis as of December 31, 2023 and 2022 , respectively. Liabilities measured at fair value on a recurring basis as of December 31, 2023 and 2022 were as follows: December 31, 2023 Fair Value Measurement Using Liabilities: Total Level 1 Level 2 Level 3 Warrant liability - Public (Level 1) & Private Warrants (Level 3) $ 95 $ 93 $ — $ 2 Total Other Liabilities $ 95 $ 93 $ — $ 2 December 31, 2022 Fair Value Measurement Using Liabilities: Total Level 1 Level 2 Level 3 Warrant liability - Public (Level 1) & Private Warrants (Level 3) $ 902 $ 875 $ — $ 27 Total Other Liabilities $ 902 $ 875 $ — $ 27 During the years ended December 31, 2023 and 2022, there were no transfers between Level 1 and Level 2, nor into or out of Level 3. The following table summarizes the activity for the Company’s Warrant liability measured at fair value on a recurring basis: Warrant Liability Balance as of December 31, 2022 $ 902 Changes in fair value (807) Balance as of December 31, 2023 $ 95

Restatement of Unaudited Quarte

Restatement of Unaudited Quarterly Results (Unaudited)	12 Months Ended
Restatement of Unaudited Quarterly Results (Unaudited)	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restatement of Unaudited Quarterly Results (Unaudited)	RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS In connection with the preparation of the Company's consolidated financial statements for the year ended December 31, 2023, management identified errors in previously issued financial statements. Management prepared a quantitative and qualitative analysis of the errors described below, in accordance with the SEC Staff's Accounting Bulletin ("SAB") Nos. 99 Materiality and No. 108, Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements , and concluded the aggregate impact of all the errors are material to the Company's previously reported annual financial statements as of and for the year ended December 31, 2022. As a result, the accompanying consolidated financial statements as of and for the year ended December 31, 2022 have been restated from amounts previously reported. We have also restated related amounts within the accompanying footnotes to the consolidated financial statements to conform to the corrected amounts in the consolidated financial statements. Description of Restatement Errors The errors identified are as follows: a. Rental revenue - The Company determined that it miscalculated sales tax payable related to certain customer lease payments going back multiple years. The Company performed an assessment of its sales tax liability across all jurisdictions for potential additional exposure and determined that there was an overstatement of rental revenue and an understatement of sales tax payable included in accrued liabilities. The impact to our consolidated financial statements is as follows: i. Consolidated statement of operations and comprehensive loss for the year ended December 31, 2022 is a decrease to rental revenue of $2,492 ii. Consolidated balance sheet as of December 31, 2022 is an increase to sales tax payable included in accrued liabilities of $5,590 iii. Consolidated statement of stockholders' (deficit) equity is an increase of accumulated deficit as of December 31, 2021 of $3,098 for sales tax errors that impacted rental revenue that were identified for 2021 and prior b. Other errors - There are other errors not described in item (a) of this note. These errors and related restatement adjustments include: 1. Cost of revenue- Correction to depreciation expense related to property held for lease, net of accumulated depreciation and impairment, included in cost of revenue, of $973 for certain leases originated on or before December 31, 2022. Impact to the balance sheet to correct this error is a decrease to property held for lease, net of accumulated depreciation and impairment of $936 and a decrease to prepaid expenses and other current assets of $37. 2. The errors below impacted the beginning balance of accumulated deficit as of December 31, 2021 in our consolidated statement of stockholders' (deficit) equity by $980. • Correction to decrease debt discount amortization included in interest expense of $734; • Correction to decrease professional and consulting fees related to recruiting expense of $367; • Correction to increase general and administrative expense related to insurance expense of $121 3. Correction to increase deferred revenue by $2,631 on our consolidated balance sheet and decrease rental revenue by $116 related to recognition of deferred revenue. The impact to the beginning balance of accumulated deficit in our consolidated statement of stockholders' (deficit) equity for the deferred revenue impact as of December 31, 2021 is an increase of accumulated deficit as of December 31, 2021 of $2,515. 4. In addition, we made the following corrections to our consolidated balance sheet or consolidated statement of operations and comprehensive loss: • Correction of $876 on our consolidated balance sheet to decrease accrued liabilities and decrease property held for lease, net of accumulated depreciation and impairment • Correction of $378 on our consolidated balance sheet to decrease prepaid expenses and increase other assets to property held for lease, net of accumulated depreciation and impairment • Correction of $375 on our consolidated statement of operations and comprehensive loss to decrease professional and consulting fees to litigation expense, net The impact to the beginning balance of accumulated deficit as of December 31, 2021 in our consolidated statement of stockholders' (deficit) equity for all errors that were identified that impacted 2021 and prior periods described above, is an increase of accumulated deficit of $6,593. The following tables present a reconciliation of the as previously reported consolidated financial statements to the restated amounts as of and for the year ended December 31, 2022. The reconciled consolidated financial statements as of and for the year ended December 31, 2022 include the following: (1) as restated consolidated balance sheet, (2) as restated consolidated statement of operations and comprehensive loss and (3) as restated consolidated statement of cash flows. Presented below are the changes to each financial statement line item which changed as a result of the restatement. Consolidated Balance Sheet As of December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Property held for lease, net of accumulated depreciation and impairment $ 50,278 $ (1,434) (b1)(b4) $ 48,844 Prepaid expenses and other current assets $ 8,515 $ (415) (b1)( b4) $ 8,100 Total current assets $ 128,634 $ (1,849) $ 126,785 Total assets $ 131,901 $ (1,849) $ 130,052 Accrued liabilities $ 14,532 $ 4,714 (a)(b4) $ 19,246 Unearned revenue $ 1,552 $ 2,631 (b3) $ 4,183 Total current liabilities $ 42,730 $ 7,345 $ 50,075 Total liabilities $ 124,773 $ 7,345 $ 132,118 Accumulated deficit $ (76,676) $ (9,194) (a)(b1-b3) $ (85,870) Total stockholders' (deficit) equity $ 7,128 $ (9,194) $ (2,066) Total liabilities and stockholders' (deficit) equity $ 131,901 $ (1,849) $ 130,052 Consolidated Statement of Operations and Comprehensive Loss Year Ended December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Rental revenue $ 207,979 $ (2,608) (a)(b3) $ 205,371 Total revenue $ 212,105 $ (2,608) $ 209,497 Cost of revenue $ 171,119 $ 973 (b1) $ 172,092 Gross profit $ 40,986 $ (3,581) $ 37,405 Professional and consulting fees $ 11,281 $ (742) (b2)(b4) $ 10,539 General and administrative $ 14,167 $ 121 (b2) $ 14,288 Litigation expense, net $ — $ 375 (b4) $ 375 Total operating expenses $ 66,092 $ (246) $ 65,846 Loss from operations $ (25,106) $ (3,335) $ (28,441) Interest expense and other fees $ (19,998) $ 734 (b2) $ (19,264) Loss before income taxes $ (37,921) $ (2,601) $ (40,522) Net loss $ (37,871) $ (2,601) $ (40,472) Net loss per common share - basic and diluted $ (9.64) $ (0.66) $ (10.30) Consolidated Statement of Cash Flows Year Ended December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Net loss $ (37,871) $ (2,601) (a)(b1-b3) $ (40,472) Depreciation and amortization $ 116,329 $ 506 (b1) $ 116,835 Net book value of property held for lease buyouts $ 30,505 $ 71 (b1) $ 30,576 Impairment on property held for lease expense $ 17,216 $ 359 (b1) $ 17,575 Amortization of debt discount $ 5,275 $ (734) (b2) $ 4,541 Property held for lease $ (151,843) $ 498 (b4) $ (151,345) Prepaid expenses and other current assets $ (4,266) $ 536 (b1)(b4) $ (3,730) Accrued liabilities $ 2,719 $ 1,249 (b2)(b4) $ 3,968 Unearned revenues $ (583) $ 116 (b3) $ (467) Net cash used in operating activities $ (20,848) $ — $ (20,848) RESTATEMENT OF UNAUDITED QUARTERLY RESULTS (UNAUDITED) . The financial results data, presented on a quarterly basis for the years ended December 31, 2022 and 2023 are unaudited. This data has been prepared in accordance with U.S. GAAP for interim financial information and, in the opinion of management, reflect all adjustments necessary for a fair statement of the results of operations for the periods presented. We have restated herein our previously issued unaudited quarterly financial results for the quarters ended March 31, 2022 and 2023, June 30, 2022 and 2023 and September 30, 2022 and 2023. The information has been prepared on the same basis as the consolidated financial statements. The related adjustments to the unaudited quarterly financial information resulting from similar adjustments discussed in Note 2 are also presented below. See Note 2 for descriptions of the misstatements in each category of restatements referenced by (a) and (b). In addition for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023, we decreased compensation costs in each quarter by $201 related to our bonus accrual as a result of increases to net loss in the respective periods referenced by (c) in the tables below. Presented below are the restated condensed consolidated balance sheets, condensed consolidated statements of operations and comprehensive loss and condensed consolidated statements of cash flows for each of the interim periods within the years ended December 31, 2022 and 2023. Condensed Consolidated Balance Sheet (Unaudited) As of March 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 80,625 $ — $ 80,625 Restricted cash 5,577 — 5,577 Property held for lease, net of accumulated depreciation and impairment 52,288 — 52,288 Prepaid expenses and other current assets 2,400 — 2,400 Total current assets 140,890 — 140,890 Property and equipment, net 669 — 669 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,452 — 1,452 Right-of-use assets 1,050 — 1,050 Total assets $ 144,152 $ — $ 144,152 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,430 $ — $ 2,430 Accrued liabilities 10,369 3,759 (a)(b4) 14,128 Unearned revenue 2,036 2,515 (b3) 4,551 Lease liabilities 426 — 426 Total current liabilities 15,261 6,274 21,535 Revolving line of credit, net 48,105 — 48,105 Term loan, net, non-current 41,586 1,215 (b2) 42,801 Other liabilities 4,252 — 4,252 Lease liabilities, non-current 715 — 715 Total liabilities 109,919 7,489 117,408 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 78,596 — 78,596 Accumulated deficit (44,363) (7,489) (a)(b2-b4) (51,852) Total stockholders' (deficit) equity 34,233 (7,489) 26,744 Total liabilities and stockholders' (deficit) equity $ 144,152 $ — $ 144,152 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended March 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Revenue Rental revenue $ 58,903 $ (661) (a) $ 58,242 Other revenue 974 — 974 Total revenue 59,877 (661) 59,216 Cost of revenue 48,113 — 48,113 Gross profit 11,764 (661) 11,103 Operating expenses: Servicing costs 1,207 — 1,207 Underwriting fees 488 — 488 Professional and consulting fees 3,288 (367) (b2) 2,921 Technology and data analytics 2,410 — 2,410 Compensation costs 5,377 — 5,377 General and administrative 3,805 121 (b2) 3,926 Total operating expenses 16,575 (246) 16,329 Loss from operations (4,811) (415) (5,226) Interest expense and other fees (3,801) (481) (b2) (4,282) Change in fair value of warrant liability 3,089 — 3,089 Loss before income taxes (5,523) (896) (6,419) Provision for income taxes (35) — (35) Net loss $ (5,558) $ (896) $ (6,454) Weighted average common shares outstanding - basic and diluted 3,915 — 3,915 Net loss per common share - basic and diluted $ (1.42) $ (0.23) $ (1.65) Condensed Consolidated Statement of Cash Flow (Unaudited) Three Months Ended March 31, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (5,558) $ (896) (a)(b2) $ (6,454) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 32,740 — 32,740 Net book value of property held for lease buyouts 10,020 — 10,020 Impairment on property held for lease expense 3,224 — 3,224 Change in fair value of warrants liability (3,089) — (3,089) Stock-based compensation 1,089 — 1,089 Amortization of debt discount 537 481 (b2) 1,018 Amortization of debt issuance costs, net 91 — 91 Accrued PIK Interest 388 — 388 Amortization of right-of-use assets 89 — 89 Change in operating assets and liabilities: Property held for lease (36,398) — (36,398) Prepaid expenses and other current assets 1,849 121 (b2) 1,970 Accounts payable 401 — 401 Accrued liabilities (1,444) 294 (a)(b2) (1,150) Lease liabilities (99) — (99) Unearned revenues (99) — (99) Net cash used in operating activities 3,741 — 3,741 Cash flows from investing activities: Purchases of property and equipment (139) — (139) Additions to capitalized software (472) — (472) Net cash used in investing activities (611) — (611) Cash flows from financing activities: Principal repayments on revolving line of credit (13,224) — (13,224) Repurchases of restricted stock (195) — (195) Proceeds from exercise of stock options 60 — 60 Net cash used in financing activities (13,359) — (13,359) Net decrease in cash, cash equivalents and restricted cash (10,229) — (10,229) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 86,202 $ — $ 86,202 Condensed Consolidated Balance Sheet (Unaudited) As of June 30, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 85,025 $ — $ 85,025 Restricted cash 2,229 — 2,229 Property held for lease, net of accumulated depreciation and impairment 45,935 — 45,935 Prepaid expenses and other current assets 4,646 — 4,646 Total current assets 137,835 — 137,835 Property and equipment, net 636 — 636 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,687 — 1,687 Right-of-use assets 960 — 960 Total assets $ 141,209 $ — $ 141,209 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 1,752 $ — $ 1,752 Accrued liabilities 10,914 4,224 (a)(b4) 15,138 Unearned revenue 1,623 2,515 (b3) 4,138 Lease liabilities 439 — 439 Total current liabilities 14,728 6,739 21,467 Revolving line of credit, net 55,183 — 55,183 Term loan, net, non-current 42,461 1,826 (b2) 44,287 Other liabilities 1,929 — 1,929 Lease liabilities, non-current 600 — 600 Total liabilities 114,901 8,565 123,466 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 80,404 — 80,404 Accumulated deficit (54,096) (8,565) (a)(b2-b4) (62,661) Total stockholders' (deficit) equity 26,308 (8,565) 17,743 Total liabilities and stockholders' (deficit) equity $ 141,209 $ — $ 141,209 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 51,911 $ (465) (a) $ 51,446 $ 110,815 $ (1,126) (a) $ 109,689 Other revenue 1,128 — 1,128 2,102 — 2,102 Total revenue 53,039 (465) 52,574 112,917 (1,126) 111,791 Cost of revenue 44,849 — 44,849 92,962 — 92,962 Gross profit 8,190 (465) 7,725 19,955 (1,126) 18,829 Operating expenses: Servicing costs 1,131 — 1,131 2,337 — 2,337 Underwriting fees 423 — 423 910 — 910 Professional and consulting fees 2,259 — 2,259 5,547 (367) (b2) 5,180 Technology and data analytics 2,455 — 2,455 4,864 — 4,864 Compensation costs 6,470 — 6,470 11,847 — 11,847 General and administrative 3,649 — 3,649 7,459 121 (b2) 7,580 Total operating expenses 16,387 — 16,387 32,964 (246) 32,718 Loss from operations (8,197) (465) (8,662) (13,009) (880) (13,889) Interest expense and other fees (3,794) (611) (b2) (4,405) (7,594) (1,092) (b2) (8,686) Change in fair value of warrant liability 2,323 — 2,323 5,412 — 5,412 Loss before income taxes (9,668) (1,076) (10,744) (15,191) (1,972) (17,163) Provision for income taxes (65) — (65) (100) — (100) Net loss $ (9,733) $ (1,076) $ (10,809) $ (15,291) $ (1,972) $ (17,263) Weighted average common shares outstanding - basic and diluted 3,918 — 3,918 3,921 — 3,921 Net loss per common share - basic and diluted $ (2.48) $ (0.27) $ (2.76) $ (3.90) $ (0.50) $ (4.40) Condensed Consolidated Statement of Cash Flow (Unaudited) Six Months Ended June 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (15,291) $ (1,972) (a)(b2) $ (17,263) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 62,438 — 62,438 Net book value of property held for lease buyouts 19,040 — 19,040 Impairment on property held for lease expense 7,490 — 7,490 Change in fair value of warrants liability (5,412) — (5,412) Stock-based compensation 2,946 — 2,946 Amortization of debt discount 1,015 1,092 (b2) 2,107 Amortization of debt issuance costs, net 181 — 181 Accrued PIK Interest 785 — 785 Amortization of right-of-use assets 179 — 179 Change in operating assets and liabilities: Property held for lease (72,844) — (72,844) Prepaid expenses and other current assets (397) 121 (b2) (276) Accounts payable (277) — (277) Accrued liabilities (899) 759 (a)(b2) (140) Lease liabilities (201) — (201) Unearned revenues (512) — (512) Net cash used in operating activities (1,759) — (1,759) Cash flows from investing activities: Purchases of property and equipment (153) — (153) Additions to capitalized software (845) — (845) Net cash used in investing activities (998) — (998) Cash flows from financing activities: Proceeds from revolving line of credit 9,935 — 9,935 Principal repayments on revolving line of credit (16,171) — (16,171) Repurchases of restricted stock (244) — (244) Proceeds from exercise of stock options 60 — 60 Net cash used in financing activities (6,420) — (6,420) Net decrease in cash, cash equivalents and restricted cash (9,177) — (9,177) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 87,254 $ — $ 87,254 Condensed Consolidated Balance Sheet (Unaudited) As of September 30, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 77,162 $ — $ 77,162 Restricted cash 4,412 — 4,412 Property held for lease, net of accumulated depreciation and impairment 42,195 — 42,195 Prepaid expenses and other current assets 4,630 — 4,630 Total current assets 128,399 — 128,399 Property and equipment, net 600 — 600 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,894 — 1,894 Right-of-use assets 868 — 868 Total assets $ 131,852 $ — $ 131,852 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,901 $ — $ 2,901 Accrued liabilities 11,972 4,820 (a)(b4) 16,792 Unearned revenue 1,497 2,515 (b3) 4,012 Lease liabilities 419 — -1000 419 Total current liabilities 16,789 7,335 24,124 Revolving line of credit, net 49,783 — 49,783 Term loan, net, non-current 43,299 2,882 (b2) 46,181 Other liabilities 1,548 — 1,548 Lease liabilities, non-current 515 — 515 Total liabilities 111,934 10,217 122,151 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 82,167 — 82,167 Accumulated deficit (62,249) (10,217) (a)(b2-b4) (72,466) Total stockholders' (deficit) equity 19,918 (10,217) 9,701 Total liabilities and stockholders' (deficit) equity $ 131,852 $ — $ 131,852 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 49,260 $ (596) (a) $ 48,664 $ 160,075 $ (1,722) (a) $ 158,353 Other revenue 1,081 — 1,081 3,183 — 3,183 Total revenue 50,341 (596) 49,745 163,258 (1,722) 161,536 Cost of revenue 38,417 — 38,417 131,379 — 131,379 Gross profit 11,924 (596) 11,328 31,879 (1,722) 30,157 Operating expenses: Servicing costs 1,025 — 1,025 3,362 — 3,362 Underwriting fees 419 — 419 1,330 — 1,330 Professional and consulting fees 2,697 (375) (b4) 2,322 8,244 (742) (b2)(b4) 7,502 Technology and data analytics 2,421 — 2,421 7,286 — 7,286 Compensation costs 6,752 — 6,752 18,599 — 18,599 General and administrative 3,276 — 3,276 10,733 121 (b2) 10,854 Litigation expense, net — 375 (b4) 375 — 375 (b4) 375 Total operating expenses 16,590 — 16,590 49,554 (246) 49,308 Loss from operations (4,666) (596) (5,262) (17,675) (1,476) (19,151) Interest expense and other fees (4,018) (1,056) (b2) (5,074) (11,612) (2,148) (b2) (13,760) Interest income 223 — 223 223 — 223 Change in fair value of warrant liability 381 — 381 5,793 — 5,793 Loss before income taxes (8,080) (1,652) (9,732) (23,271) (3,624) (26,895) Provision for income taxes (73) — (73) (173) — (173) Net loss $ (8,153) $ (1,652) $ (9,805) $ (23,444) $ (3,624) $ (27,068) Weighted average common shares outstanding - basic and diluted 3,936 — 3,936 3,926 — 3,926 Net loss per common share - basic and diluted $ (2.07) $ (0.42) $ (2.49) $ (5.97) $ (0.92) $ (6.89) Condensed Consolidated Statement of Cash Flow (Unaudited) Nine Months Ended September 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (23,444) $ (3,624) (a)(b2) $ (27,068) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 89,093 — 89,093 Net book value of property held for lease buyouts 24,783 — 24,783 Impairment on property held for lease expense 11,928 — 11,928 Change in fair value of warrants liability (5,793) — (5,793) Stock-based compensation 4,753 — 4,753 Amortization of debt discount 1,130 2,148 (b2) 3,278 Amortization of debt issuance costs, net 271 — 271 Accrued PIK Interest 1,508 — 1,508 Amortization of right-of-use assets 271 — 271 Change in operating assets and liabilities: Property held for lease (105,741) — (105,741) Prepaid expenses and other current assets (382) 121 (b2) (261) Accounts payable 872 — 872 Accrued liabilities 159 1,355 (a)(b2) 1,514 Lease liabilities (306) — (306) Unearned revenues (638) — (638) Net cash used in operating activities (1,536) — (1,536) Cash flows from investing activities: Purchases of property and equipment (164) — (164) Additions to capitalized software (1,203) — (1,203) Net cash used in investing activities (1,367) — (1,367) Cash flows from financing activities: Proceeds from revolving line of credit 9,935 — 9,935 Principal repayments on revolving line of credit (21,661) — (21,661) Repurchases of restricted stock (293) — (293) Proceeds from exercise of stock options 65 — 65 Net cash used in financing activities (11,954) — (11,954) Net decrease in cash, cash equivalents and restricted cash (14,857) — (14,857) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 81,574 $ — $ 81,574 The table below sets forth the unaudited condensed consolidated statements of stockholders' (deficit) equity, including balances reported, adjustments and balances as restated: Common Stock Additional Paid-in Capital Accumulated Deficit Total Stockholders' (Deficit) Equity Shares Amount Balance at March 31, 2022 as reported 3,925 $ — $ 78,596 $ (44,363) $ 34,233 Cumulative adjustments to net loss — — (7,489) (7,489) Balance at March 31, 2022 as restated 3,925 $ — $ 78,596 $ (51,852) $ 26,744 — — Balance at June 30, 2022 as reported 3,933 $ — $ 80,404 $ (54,096) $ 26,308 Cumulative adjustments to net loss — — (8,565) (8,565) Balance at June 30, 2022 as restated 3,933 $ — $ 80,404 $ (62,661) $ 17,743 Balance at September 30, 2022 as reported 3,937 $ — $ 82,167 $ (62,249) $ 19,918 Cumulative adjustments to net loss — — (10,217) (10,217) Balance at September 30, 2022 as restated 3,937 $ — $ 82,167 $ (72,466) $ 9,701 Condensed Consolidated Balance Sheet (Unaudited) As of March 31, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 40,552 $ — $ 40,552 Restricted cash 4,397 — 4,397 Property held for lease, net of accumulated depreciation and impairment 52,801 (1,268) (b1) 51,533 Prepaid expenses and other current assets 5,737 (745) (b1) 4,992 Total current assets 103,487 (2,013) 101,474 Property and equipment, net 514 — 514 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,994 — 1,994 Right-of-use assets 674 — 674 Total assets $ 106,760 $ (2,013) $ 104,747 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 1,516 $ — $ 1,516 Accrued liabilities 14,040 5,981 (a) 20,021 Unearned revenue 2,002 2,631 (b3) 4,633 Lease liabilities 343 — 343 Total current liabilities 17,901 8,612 26,513 Revolving line of credit, net 60,905 — 60,905 Term loan, net, non-current 22,811 — 22,811 Other liabilities 770 — 770 Lease liabilities, non-current 372 — 372 Total liabilities 102,759 8,612 111,371 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 89,791 — 89,791 Accumulated deficit (85,790) (10,625) (a)(b1)(b3) (96,415) Total stockholders' (deficit) equity 4,001 (10,625) (6,624) Total liabilities and stockholders' (deficit) equity $ 106,760 $ (2,013) $ 104,747 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended March 31, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated Revenue Rental revenue $ 54,724 $ (593) (a) $ 54,131 Other revenue 952 — 952 Total revenue 55,676 (593) 55,083 Cost of revenue 42,173 1,040 (b1) 43,213 Gross profit 13,503 (1,633) 11,870 Operating expenses: Servicing costs 990 — 990 Underwriting fees 468 — 468 Professional and consulting fees 2,655 — 2,655 Technology and data analytics 1,665 — 1,665 Compensation costs 7,057 (202) (c) 6,855 General and administrative 2,934 — 2,934 Total operating expenses 15,769 (202) 15,567 Loss from operations (2,266) (1,431) (3,697) Loss on partial extinguishment of debt (2,391) — (2,391) Interest expense and other fees (5,189) — (5,189) Interest income 620 — 620 Change in fair value of warrant liability 132 — 132 Loss before income taxes (9,094) (1,431) (10,525) Provision for income taxes (20) — (20) Net loss $ (9,114) $ (1,431) $ (10,545) Weighted average common shares outstanding - basic and diluted 3,973 — 3,973 Net loss per common share - basic and diluted $ (2.29) $ (0.36) $ (2.65) Condensed Consolidated Statement of Cash Flow (Unaudited) Three Months Ended March 31, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (9,114) $ (1,431) (a)(b1)(b4)(c) $ (10,545) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 29,012 665 (b1) 29,677 Net book value of property held for lease buyouts 6,452 295 (b1) 6,747 Impairment on property held for lease expense 5,223 35 (b1) 5,258 Change in fair value of warrants liability (132) — (132) Stock-based compensation 2,090 — 2,090 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 1,093 — 1,093 Amortization of debt issuance costs, net 81 — 81 Accrued PIK Interest 530 — 530 Amortization of right-of-use assets 98 — 98 Change in operating assets and liabilities: Property held for lease (43,013) (286) (b4) (43,299) Prepaid expenses and other current assets 2,778 331 (b1)(b4) 3,109 Accounts payable 252 — 252 Accrued liabilities (985) 391 (a)(c) (594) Lease liabilities (112) — (112) Unearned revenues 450 — 450 Net cash used in operating activities (2,906) — (2,906) Cash flows from investing activities: Purchases of property and equipment (4) — (4) Additions to capitalized software (297) — (297) Net cash used in investing activities (301) — (301) Cash flows from financing activities: Proceeds from revolving line of credit 4,350 — 4,350 Principal repayments on revolving line of credit (872) — (872) Principal repayment on term loan (25,000) — (25,000) Repurchases of restricted stock (163) — (163) Net cash used in financing activities (21,685) — (21,685) Net decrease in cash, cash equivalents and restricted cash (24,892) — (24,892) Cash, cash equivalents and restricted cash at beginning of period 69,841 — 69,841 Cash, cash equivalents and restricted cash at end of period $ 44,949 $ — $ 44,949 Condensed Consolidated Balance Sheet (Unaudited) As of June 30, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 38,228 $ — $ 38,228 Restricted cash 3,343 — 3,343 Property held for lease, net of accumulated depreciation and impairment 54,352 (1,567) (b1) 52,785 Prepaid expenses and other current assets 6,485 (1,241) (b1) 5,244 Total current assets 102,408 (2,808) 99,600 Property and equipment, net 471 — 471 Security deposits 91 — 91 Capitalized software and intangible assets, net 2,021 — 2,021 Right-of-use assets 574 — 574 Total assets $ 105,565 $ (2,808) $ 102,757 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 974 $ — $ 974 Accrued liabilities 14,588 6,214 (a) 20,802 Unearned revenue 1,988 2,631 (b3) 4,619 Lease liabilities 304 — 304 Total current liabilities 17,854 8,845 26,699 Revolving line of credit, net 63,538 — 63,538 Term loan, net, non-current 23,644 — 23,644 Other liabilities 513 — 513 Lease liabilities, non-current 296 — 296 Total liabilities 105,845 8,845 114,690 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 91,920 — 91,920 Accumulated deficit (92,200) (11,653) (a)(b1)(b3) (103,853) Total stockholders' (deficit) equity (280) (11,653) (11,933) Total liabilities and stockholders' (deficit) equity $ 105,565 $ (2,808) $ 102,757 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 53,874 $ (435) (a) $ 53,439 $ 108,598 $ (1,028) (a) $ 107,570 Other revenue 697 — 697 1,649 — 1,649 Total revenue 54,571 (435) 54,136 110,247 (1,028) 109,219 Cost of revenue 43,874 795 (b1) 44,669 86,047 1,835 (b1) 87,882 Gross profit 10,697 (1,230) 9,467 24,200 (2,863) 21,337 Operating expenses: Servicing costs 1,103 — 1,103 2,093 — 2,093 Underwriting fees 480 — 480 948 — 948 Professional and consulting fees 1,623 — 1,623 4,278 — 4,278 Technology and data analytics 1,959 — 1,959 3,624 — 3,624 Compensation costs 5,768 (202) (c) 5,566 12,825 (404) (c) 12,421 General and administrative 2,746 — 2,746 5,680 — 5,680 Total operating expenses 13,679 (202) 13,477 29,448 (404) 29,044 Loss from operations (2,982) (1,028) (4,010) (5,248) (2,459) (7,707) Loss on partial extinguishment of debt — — — (2,391) — (2,391) Interest expense and other fees (4,098) — (4,098) (9,287) — (9,287) Interest income 427 — 427 1,047 — 1,047 Change in fair value of warrant liability 257 — 257 389 — 389 Loss before income taxes (6,396) (1,028) (7,424) (15,490) (2,459) (17,949) Provision for income taxes (14) — (14) (34) — (34) Net loss $ (6,410) $ (1,028) $ (7,438) $ (15,524) $ (2,459) $ (17,983) Weighted average common shares outstanding - basic and diluted 4,073 — 4,073 4,023 — 4,023 Net loss per common share - basic and diluted $ (1.57) $ (0.25) $ (1.83) $ (3.86) $ (0.61) $ (4.47) Condensed Consolidated Statement of Cash Flow (Unaudited) Six Months Ended June 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (15,524) $ (2,459) (a)(b1)(b4)(c) $ (17,983) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 59,646 1,245 (b1) 60,891 Net book value of property held for lease buyouts 12,921 375 (b1) 13,296 Impairment on property held for lease expense 10,515 85 (b1) 10,600 Change in fair value of warrants liability (389) — (389) Stock-based compensation 4,303 — 4,303 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 1,592 — 1,592 Amortization of debt issuance costs, net 145 — 145 Accrued PIK Interest 864 — 864 Amortization of right-of-use assets 198 — 198 Change in operating assets and liabilities: Property held for lease (86,725) (697) (b4) (87,422) Prepaid expenses and other current assets 2,030 828 (b1)(b4) 2,858 Litigat

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS The Company evaluated subsequent events through the date the consolidated financial statements were issued, for events requiring adjustment to or disclosure in these consolidated financial sta tements. Except as discussed below, there are no events that require adjustment to or disclosure in these consolidated financial statements. On April 24, 2024, the Company entered into the Limited Waiver and 16th Amendment to the Loan and Security Agreement with the Lender (the "16th Amendment"). Pursuant to such 16th Amendment, the Lender granted the Company a waiver of any Specified Defaults (as defined in the 16th Amendment) related to the accounting errors that led to the restatement of the Company’s financial statements for all reporting periods prior to the date of the amendment to the extent such financial statements and certifications were impacted by the restatement. In addition, the 16th Amendment also updated certain financial covenants each as defined in the 16th Amendment, including Minimum Adjusted EBITDA (Trailing 3 Months), Minimum Adjusted EBITDA (YTD) and Minimum Tangible Net Worth.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - 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

Pay vs Performance Disclosure

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)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2023 shares	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On November 30, 2023, Mr. Orlando Zayas, the Chief Executive Officer of the Company, terminated a trading arrangement he had previously adopted with respect to the sale of securities of the Company’s common stock (a “Rule 10b5-1 Trading Plan”). Mr. Zayas’ Rule 10b5-1 Trading Plan was adopted on June 13, 2023, had a term of two years and provided for the sale of up to 41,813 shares of common stock (after the Reverse Stock Split) pursuant to the terms of the plan. As of the date of termination of his Rule 10b5-1 Trading Plan, Mr. Zayas had sold 3,682 shares of common stock under its terms.
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Mr. Orlando Zayas [Member]
Trading Arrangements, by Individual
Name	Mr. Orlando Zayas
Title	Chief Executive Officer
Adoption Date	June 13, 2023
Rule 10b5-1 Arrangement Terminated	false
Termination Date	November 30, 2023
Aggregate Available	41,813	41,813

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Subsidiaries	Subsidiaries— Our consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries Katapult Intermediate Holdings, LLC (formerly known as Keys Merger Sub 2, LLC), Katapult Group, Inc. and Katapult SPV-1 LLC. which originates all of the Company’s leases. Legacy Katapult was incorporated in Delaware in 2016 and changed its headquarters from New York, New York to Plano, Texas in December 2020. Katapult Group, Inc. was incorporated in the state of Delaware in 2012. Katapult SPV-1 LLC is a Delaware limited liability company formed in 2019.
Basis of Presentation	Basis of Presentation
Use of Estimates	Use of Estimates — The preparation of the consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of income and expense during the reporting periods. The most significant estimates relate to the selection of useful lives of property and equipment, the selection of useful lives for property held for lease and the related depreciation method, determination of fair value of stock option grants, and the valua tion allowance associated with deferred tax assets. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. These estimates are based on information available as of the date of the consolidated financial statements; therefore, actual results could differ from those estimates.
Segment Information	Segment Information — Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is the chief executive officer. The Company has one business activity and there are no segment managers who are held accountable for operations, operating results and plans for levels or components below the consolidated unit level. Accordingly, the Company has one operating segment, and therefore, one reportable segment.
Cash and Cash Equivalents	Cash and Cash Equivalents
Restricted Cash	Restricted Cash — The Company classifies all cash whose use is limited by contractual provisions as restricted cash. Restricted cash as of December 31, 2023 and 2022 consists primarily of customer lease payments received into a collection account pending release by the Company's lender. All of the Company’s restricted cash is classified as current due to its short-term nature.
Property Held for Lease, Net of Accumulated Depreciation and Impairment	Property Held for Lease, Net of Accumulated Depreciation and Impairment — Property held for lease consists of furniture, mattresses, customer electronics, appliances, and other durable goods offered for lease-purchase in the normal course of business. Such property is provided to customers pursuant to a lease-purchase agreement with a minimum lease term; typically one week, two weeks, or one month. The renewal periods of the initial lease term of the agreement are typically 10, 12 or 18 months. Customers may terminate a lease agreement at any time without penalty. The average customer continues to lease the property for approximately 8 months because the customer either exercises the buyout (early purchase) options or terminates the lease purchase agreement prior to the end of the 10, 12 or 18 month renewal periods. As a result, property held for lease is classified as a current asset on the consolidated balance sheets. Property held for lease is recorded at cost, excluding shipping costs, and is carried at net book value. Depreciation for property held for lease is determined using the income forecasting method and is included within cost of revenue. Under the income forecasting method, property held for lease is depreciated in the proportion of rents received to total expected rents received based on historical data, which is an activity-based method similar to the units of production method. The Company provides for impairment for the undepreciated balance of the property held for lease assuming no salvage value with a corresponding charge to cost of revenue. Impairment expense includes expense related to property identified as impaired based on historical data, including default trends, such that the recorded amount closely approximates actual impairment expense incurred during the period. The Company derecognizes the undepreciated net book value of property buyouts as buyouts occur with a corresponding charge to cost of revenue. The Company periodically evaluates fully depreciated property held for lease, net and when it is determined there is no future economic benefit, the cost of the assets are written off and the related accumulated depreciation is reversed.
Property and Equipment, Net	Property and Equipment, Net
Capitalized Software	Capitalized Software —The Company capitalizes certain development costs incurred in connection with its internal use software. Costs incurred in the preliminary stages of development are expensed as incurred. Capitalization of costs begins when the preliminary project stage is completed, and it is probable that the project will be completed and used for its intended function. Once an application has reached the development stage, internal and external costs, if direct and incremental, are capitalized until the software is substantially complete and ready for its intended use. Capitalization ceases upon completion of all substantial testing. The Company also capitalizes costs related to specific upgrades and enhancements when it is probable the expenditures will result in additional features and functionality. Maintenance costs are expensed as incurred. Internal use software is amortized on a straight-line basis over its estimated useful life, generally three years. Capitalized software cost is included within the Capitalized software and intangible assets, net line item of our consolidated balance sheets. Amortization of capitalized software is included in general and administrative expenses in our consolidated statements of operations and comprehensive loss.
Debt Issuance Costs	Debt Issuance Costs — Costs incurred in connection with the issuance of the Company’s revolving line of credit (“RLOC”) and senior secured term loan ("Term Loan") have been recorded as a direct reduction against the debt and amortized over the life of the associated debt as a component of interest expense. The amortization of the Term Loan issuance costs utilizes the effective interest method, and the amortization of the RLOC debt issuance costs utilizes the straight-line method, which is not materially different compared to the effective interest method. The amortization of debt issuance costs is recorded and included in interest expense and other fees in our consolidated statements of operations and comprehensive loss.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets
Rental Revenue	Rental Revenue — Our lease-to-own agreements, which comprise the majority of our revenue, fall within the scope of ASC 842, Leases under lessor accounting and we are recognizing revenue from customers when revenue is earned and cash is collected. Pro perty held for lease is leased to customers pursuant to lease purchase agreements with an initial term: typically one week, two weeks, or one month, with non-refundable lease payments. Generally, the customer has the right to acquire title either through a 90-day promotional pricing option, an early purchase option (buyout) available prior to completion of the full agreement, or by completing all lease renewal payments, generally 10 to 18 months. On any current lease, customers have the option to terminate the agreement at any time without penalty in accordance with lease term. Accordingly, lease-purchase agreements are accounted for as operating leases under ASC 842, Leases with lease revenues recognized in the period they are earned and cash is collected. Amounts received from customers who elect early purchase options (buyouts) are included in rental revenue. Lease payments received prior to their due dates are deferred and recorded as unearned revenue and are recognized as rental revenue in the month in which the revenue is earned. Rental revenue also includes agreed-upon charges assessed for customer lease applications. Payments are received upon submission of the applications and execution of the lease-purchase agreements. Services are considered to be rendered and revenue earned over the initial lease term. Revenues from leases from our direct integrations are reported net of sales taxes. For our direct integration transactions, we collect sales tax from each customer's lease payment and set up a sales tax payable for remittance to the respective state. For our Katapult Pay transactions, the merchant partner is funded the amount of the purchased goods including sales tax which is capitalized as part of the investment and included in property held for lease and is depreciated into cost of revenue. Revenue is recognized for our Katapult Pay transactions on gross basis when lease payments are received from customers, which includes sales tax.
Other Revenue	Other Revenue —
Stock-Based Compensation	Stock-Based Compensation — In accordance with ASC 718, we measure and record compensation expense related to stock-based awards based on the fair value of those awards as determined on the date of the grant. The Company recognizes stock-based compensation expense over the requisite service period of the individual grant, generally equal to the vesting period and uses the straight-line method to recognize stock-based compensation. The Company uses the Black-Scholes-Merton (“Black-Scholes”) option-pricing model to determine the estimated fair value of stock option awards. The Black-Scholes option-pricing model requires estimates of highly subjective assumptions, which affect the fair value of each stock option. Forfeitures are accounted for as they are incurred. The Company calculates the fair value of stock options granted to employees by using the following assumptions: Expected Volatility —The Company estimates volatility for stock option grants by evaluating the average historical volatility of a peer group of companies for the period immediately preceding the stock option grant for a term that is approximately equal to the stock options’ expected term. Expected Term —The expected term of the Company’s stock options represents the period that the stock-based awards are expected to be outstanding. The Company has elected to use the midpoint of the stock options vesting term and contractual expiration period to compute the expected term, as the Company does not have sufficient historical information to develop reasonable expectations about future exercise patterns and post-vesting employment termination behavior. Risk-Free Interest Rate —The risk-free interest rate is based on the implied yield currently available on US Treasury zero-coupon issues with a term that is equal to the stock options’ expected term at the grant date. Dividend Yield —The Company has not declared or paid dividends to date and does not anticipate declaring dividends. As such, the dividend yield has been estimated to be zero.
Income Taxes	Income Taxes — The Company accounts for income taxes under the asset and liability method pursuant to ASC 740, Income Taxes . Under this method, the Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in our consolidated financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax basis of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company recognizes deferred tax assets to the extent that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that the Company would be able to realize deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.
Net Loss Per Share	Net Loss Per Share — The Company calculates basic and diluted net loss per share attributable to common stockholders using the two-class method required for companies with participating securities.
Fair Value Measurements	Fair Value Measurements — Fair value accounting is applied for all assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis (at least annually). Fair value is defined as the exchange price that would be received for an asset or an exit price that would be paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company follows the established framework for measuring fair value. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The authoritative guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 —Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 —Inputs are observable, unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. Level 3 —Inputs are unobservable inputs for the asset or liability. The level in the fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest-level input that is significant to the fair value measurement in its entirety. The Company’s financial instruments consist of accounts payable, accrued expenses, warrant liability, the RLOC, and the Term Loan. Accounts payable and accrued expenses are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date. Our consolidated financial statements also include fair value level 3 measurements of private common stock warrants. The Company uses a third-party valuation firm to determine the fair value of certain of the Company's financial instruments. Refer to Note 14 for discussion of fair value measurements.
Concentrations of Credit Risk	Concentrations of Credit Risk — Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash. The Company’s cash balances exceed those that are federally insured. To date, the Company has not recognized any losses caused by uninsured balances. As of December 31, 2023, the Company also did not have any customers that accounted for 10% or more of outstanding gross accounts receivable.
Recently Adopted Accounting Pronouncements; Recent Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements — In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . This ASU provides temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. This ASU is effective for all entities beginning as of its date of effectiveness, March 12, 2020. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 which deferred the sunset date of ASC 848 until December 31, 2024. This ASU did not have a material impact on our consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted — In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Reconciliation of Cash and Restricted Cash	The reconciliation of cash, cash equivalents and restricted cash is as follows: December 31, 2023 2022 Cash and cash equivalents $ 21,408 $ 65,430 Restricted cash 7,403 4,411 Total cash, cash equivalents and restricted cash $ 28,811 $ 69,841
Schedule of Reconciliation of Cash and Restricted Cash	The reconciliation of cash, cash equivalents and restricted cash is as follows: December 31, 2023 2022 Cash and cash equivalents $ 21,408 $ 65,430 Restricted cash 7,403 4,411 Total cash, cash equivalents and restricted cash $ 28,811 $ 69,841
Schedule of Useful Lives	The estimated useful lives of property and equipment are described below: Property and Equipment Useful Life Computer, office and other equipment 5 years Computer software 3 years Furniture and fixtures 7 years Leasehold improvements Shorter of estimated useful life or remaining lease term Property and equipment, net consists of the following: December 31, 2023 2022 Computer, office and other equipment $ 822 $ 813 Computer software 80 80 Furniture and fixtures 100 100 Leasehold improvements 263 252 1,265 1,245 Less: accumulated depreciation (938) (688) Property and equipment, net $ 327 $ 557

Restatement of Previously Iss_2

Restatement of Previously Issued Consolidated Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Schedule of Revision on the Prior Period Financial Statements	The following tables present a reconciliation of the as previously reported consolidated financial statements to the restated amounts as of and for the year ended December 31, 2022. The reconciled consolidated financial statements as of and for the year ended December 31, 2022 include the following: (1) as restated consolidated balance sheet, (2) as restated consolidated statement of operations and comprehensive loss and (3) as restated consolidated statement of cash flows. Presented below are the changes to each financial statement line item which changed as a result of the restatement. Consolidated Balance Sheet As of December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Property held for lease, net of accumulated depreciation and impairment $ 50,278 $ (1,434) (b1)(b4) $ 48,844 Prepaid expenses and other current assets $ 8,515 $ (415) (b1)( b4) $ 8,100 Total current assets $ 128,634 $ (1,849) $ 126,785 Total assets $ 131,901 $ (1,849) $ 130,052 Accrued liabilities $ 14,532 $ 4,714 (a)(b4) $ 19,246 Unearned revenue $ 1,552 $ 2,631 (b3) $ 4,183 Total current liabilities $ 42,730 $ 7,345 $ 50,075 Total liabilities $ 124,773 $ 7,345 $ 132,118 Accumulated deficit $ (76,676) $ (9,194) (a)(b1-b3) $ (85,870) Total stockholders' (deficit) equity $ 7,128 $ (9,194) $ (2,066) Total liabilities and stockholders' (deficit) equity $ 131,901 $ (1,849) $ 130,052 Consolidated Statement of Operations and Comprehensive Loss Year Ended December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Rental revenue $ 207,979 $ (2,608) (a)(b3) $ 205,371 Total revenue $ 212,105 $ (2,608) $ 209,497 Cost of revenue $ 171,119 $ 973 (b1) $ 172,092 Gross profit $ 40,986 $ (3,581) $ 37,405 Professional and consulting fees $ 11,281 $ (742) (b2)(b4) $ 10,539 General and administrative $ 14,167 $ 121 (b2) $ 14,288 Litigation expense, net $ — $ 375 (b4) $ 375 Total operating expenses $ 66,092 $ (246) $ 65,846 Loss from operations $ (25,106) $ (3,335) $ (28,441) Interest expense and other fees $ (19,998) $ 734 (b2) $ (19,264) Loss before income taxes $ (37,921) $ (2,601) $ (40,522) Net loss $ (37,871) $ (2,601) $ (40,472) Net loss per common share - basic and diluted $ (9.64) $ (0.66) $ (10.30) Consolidated Statement of Cash Flows Year Ended December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Net loss $ (37,871) $ (2,601) (a)(b1-b3) $ (40,472) Depreciation and amortization $ 116,329 $ 506 (b1) $ 116,835 Net book value of property held for lease buyouts $ 30,505 $ 71 (b1) $ 30,576 Impairment on property held for lease expense $ 17,216 $ 359 (b1) $ 17,575 Amortization of debt discount $ 5,275 $ (734) (b2) $ 4,541 Property held for lease $ (151,843) $ 498 (b4) $ (151,345) Prepaid expenses and other current assets $ (4,266) $ 536 (b1)(b4) $ (3,730) Accrued liabilities $ 2,719 $ 1,249 (b2)(b4) $ 3,968 Unearned revenues $ (583) $ 116 (b3) $ (467) Net cash used in operating activities $ (20,848) $ — $ (20,848) Presented below are the restated condensed consolidated balance sheets, condensed consolidated statements of operations and comprehensive loss and condensed consolidated statements of cash flows for each of the interim periods within the years ended December 31, 2022 and 2023. Condensed Consolidated Balance Sheet (Unaudited) As of March 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 80,625 $ — $ 80,625 Restricted cash 5,577 — 5,577 Property held for lease, net of accumulated depreciation and impairment 52,288 — 52,288 Prepaid expenses and other current assets 2,400 — 2,400 Total current assets 140,890 — 140,890 Property and equipment, net 669 — 669 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,452 — 1,452 Right-of-use assets 1,050 — 1,050 Total assets $ 144,152 $ — $ 144,152 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,430 $ — $ 2,430 Accrued liabilities 10,369 3,759 (a)(b4) 14,128 Unearned revenue 2,036 2,515 (b3) 4,551 Lease liabilities 426 — 426 Total current liabilities 15,261 6,274 21,535 Revolving line of credit, net 48,105 — 48,105 Term loan, net, non-current 41,586 1,215 (b2) 42,801 Other liabilities 4,252 — 4,252 Lease liabilities, non-current 715 — 715 Total liabilities 109,919 7,489 117,408 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 78,596 — 78,596 Accumulated deficit (44,363) (7,489) (a)(b2-b4) (51,852) Total stockholders' (deficit) equity 34,233 (7,489) 26,744 Total liabilities and stockholders' (deficit) equity $ 144,152 $ — $ 144,152 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended March 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Revenue Rental revenue $ 58,903 $ (661) (a) $ 58,242 Other revenue 974 — 974 Total revenue 59,877 (661) 59,216 Cost of revenue 48,113 — 48,113 Gross profit 11,764 (661) 11,103 Operating expenses: Servicing costs 1,207 — 1,207 Underwriting fees 488 — 488 Professional and consulting fees 3,288 (367) (b2) 2,921 Technology and data analytics 2,410 — 2,410 Compensation costs 5,377 — 5,377 General and administrative 3,805 121 (b2) 3,926 Total operating expenses 16,575 (246) 16,329 Loss from operations (4,811) (415) (5,226) Interest expense and other fees (3,801) (481) (b2) (4,282) Change in fair value of warrant liability 3,089 — 3,089 Loss before income taxes (5,523) (896) (6,419) Provision for income taxes (35) — (35) Net loss $ (5,558) $ (896) $ (6,454) Weighted average common shares outstanding - basic and diluted 3,915 — 3,915 Net loss per common share - basic and diluted $ (1.42) $ (0.23) $ (1.65) Condensed Consolidated Statement of Cash Flow (Unaudited) Three Months Ended March 31, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (5,558) $ (896) (a)(b2) $ (6,454) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 32,740 — 32,740 Net book value of property held for lease buyouts 10,020 — 10,020 Impairment on property held for lease expense 3,224 — 3,224 Change in fair value of warrants liability (3,089) — (3,089) Stock-based compensation 1,089 — 1,089 Amortization of debt discount 537 481 (b2) 1,018 Amortization of debt issuance costs, net 91 — 91 Accrued PIK Interest 388 — 388 Amortization of right-of-use assets 89 — 89 Change in operating assets and liabilities: Property held for lease (36,398) — (36,398) Prepaid expenses and other current assets 1,849 121 (b2) 1,970 Accounts payable 401 — 401 Accrued liabilities (1,444) 294 (a)(b2) (1,150) Lease liabilities (99) — (99) Unearned revenues (99) — (99) Net cash used in operating activities 3,741 — 3,741 Cash flows from investing activities: Purchases of property and equipment (139) — (139) Additions to capitalized software (472) — (472) Net cash used in investing activities (611) — (611) Cash flows from financing activities: Principal repayments on revolving line of credit (13,224) — (13,224) Repurchases of restricted stock (195) — (195) Proceeds from exercise of stock options 60 — 60 Net cash used in financing activities (13,359) — (13,359) Net decrease in cash, cash equivalents and restricted cash (10,229) — (10,229) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 86,202 $ — $ 86,202 Condensed Consolidated Balance Sheet (Unaudited) As of June 30, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 85,025 $ — $ 85,025 Restricted cash 2,229 — 2,229 Property held for lease, net of accumulated depreciation and impairment 45,935 — 45,935 Prepaid expenses and other current assets 4,646 — 4,646 Total current assets 137,835 — 137,835 Property and equipment, net 636 — 636 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,687 — 1,687 Right-of-use assets 960 — 960 Total assets $ 141,209 $ — $ 141,209 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 1,752 $ — $ 1,752 Accrued liabilities 10,914 4,224 (a)(b4) 15,138 Unearned revenue 1,623 2,515 (b3) 4,138 Lease liabilities 439 — 439 Total current liabilities 14,728 6,739 21,467 Revolving line of credit, net 55,183 — 55,183 Term loan, net, non-current 42,461 1,826 (b2) 44,287 Other liabilities 1,929 — 1,929 Lease liabilities, non-current 600 — 600 Total liabilities 114,901 8,565 123,466 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 80,404 — 80,404 Accumulated deficit (54,096) (8,565) (a)(b2-b4) (62,661) Total stockholders' (deficit) equity 26,308 (8,565) 17,743 Total liabilities and stockholders' (deficit) equity $ 141,209 $ — $ 141,209 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 51,911 $ (465) (a) $ 51,446 $ 110,815 $ (1,126) (a) $ 109,689 Other revenue 1,128 — 1,128 2,102 — 2,102 Total revenue 53,039 (465) 52,574 112,917 (1,126) 111,791 Cost of revenue 44,849 — 44,849 92,962 — 92,962 Gross profit 8,190 (465) 7,725 19,955 (1,126) 18,829 Operating expenses: Servicing costs 1,131 — 1,131 2,337 — 2,337 Underwriting fees 423 — 423 910 — 910 Professional and consulting fees 2,259 — 2,259 5,547 (367) (b2) 5,180 Technology and data analytics 2,455 — 2,455 4,864 — 4,864 Compensation costs 6,470 — 6,470 11,847 — 11,847 General and administrative 3,649 — 3,649 7,459 121 (b2) 7,580 Total operating expenses 16,387 — 16,387 32,964 (246) 32,718 Loss from operations (8,197) (465) (8,662) (13,009) (880) (13,889) Interest expense and other fees (3,794) (611) (b2) (4,405) (7,594) (1,092) (b2) (8,686) Change in fair value of warrant liability 2,323 — 2,323 5,412 — 5,412 Loss before income taxes (9,668) (1,076) (10,744) (15,191) (1,972) (17,163) Provision for income taxes (65) — (65) (100) — (100) Net loss $ (9,733) $ (1,076) $ (10,809) $ (15,291) $ (1,972) $ (17,263) Weighted average common shares outstanding - basic and diluted 3,918 — 3,918 3,921 — 3,921 Net loss per common share - basic and diluted $ (2.48) $ (0.27) $ (2.76) $ (3.90) $ (0.50) $ (4.40) Condensed Consolidated Statement of Cash Flow (Unaudited) Six Months Ended June 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (15,291) $ (1,972) (a)(b2) $ (17,263) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 62,438 — 62,438 Net book value of property held for lease buyouts 19,040 — 19,040 Impairment on property held for lease expense 7,490 — 7,490 Change in fair value of warrants liability (5,412) — (5,412) Stock-based compensation 2,946 — 2,946 Amortization of debt discount 1,015 1,092 (b2) 2,107 Amortization of debt issuance costs, net 181 — 181 Accrued PIK Interest 785 — 785 Amortization of right-of-use assets 179 — 179 Change in operating assets and liabilities: Property held for lease (72,844) — (72,844) Prepaid expenses and other current assets (397) 121 (b2) (276) Accounts payable (277) — (277) Accrued liabilities (899) 759 (a)(b2) (140) Lease liabilities (201) — (201) Unearned revenues (512) — (512) Net cash used in operating activities (1,759) — (1,759) Cash flows from investing activities: Purchases of property and equipment (153) — (153) Additions to capitalized software (845) — (845) Net cash used in investing activities (998) — (998) Cash flows from financing activities: Proceeds from revolving line of credit 9,935 — 9,935 Principal repayments on revolving line of credit (16,171) — (16,171) Repurchases of restricted stock (244) — (244) Proceeds from exercise of stock options 60 — 60 Net cash used in financing activities (6,420) — (6,420) Net decrease in cash, cash equivalents and restricted cash (9,177) — (9,177) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 87,254 $ — $ 87,254 Condensed Consolidated Balance Sheet (Unaudited) As of September 30, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 77,162 $ — $ 77,162 Restricted cash 4,412 — 4,412 Property held for lease, net of accumulated depreciation and impairment 42,195 — 42,195 Prepaid expenses and other current assets 4,630 — 4,630 Total current assets 128,399 — 128,399 Property and equipment, net 600 — 600 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,894 — 1,894 Right-of-use assets 868 — 868 Total assets $ 131,852 $ — $ 131,852 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,901 $ — $ 2,901 Accrued liabilities 11,972 4,820 (a)(b4) 16,792 Unearned revenue 1,497 2,515 (b3) 4,012 Lease liabilities 419 — -1000 419 Total current liabilities 16,789 7,335 24,124 Revolving line of credit, net 49,783 — 49,783 Term loan, net, non-current 43,299 2,882 (b2) 46,181 Other liabilities 1,548 — 1,548 Lease liabilities, non-current 515 — 515 Total liabilities 111,934 10,217 122,151 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 82,167 — 82,167 Accumulated deficit (62,249) (10,217) (a)(b2-b4) (72,466) Total stockholders' (deficit) equity 19,918 (10,217) 9,701 Total liabilities and stockholders' (deficit) equity $ 131,852 $ — $ 131,852 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 49,260 $ (596) (a) $ 48,664 $ 160,075 $ (1,722) (a) $ 158,353 Other revenue 1,081 — 1,081 3,183 — 3,183 Total revenue 50,341 (596) 49,745 163,258 (1,722) 161,536 Cost of revenue 38,417 — 38,417 131,379 — 131,379 Gross profit 11,924 (596) 11,328 31,879 (1,722) 30,157 Operating expenses: Servicing costs 1,025 — 1,025 3,362 — 3,362 Underwriting fees 419 — 419 1,330 — 1,330 Professional and consulting fees 2,697 (375) (b4) 2,322 8,244 (742) (b2)(b4) 7,502 Technology and data analytics 2,421 — 2,421 7,286 — 7,286 Compensation costs 6,752 — 6,752 18,599 — 18,599 General and administrative 3,276 — 3,276 10,733 121 (b2) 10,854 Litigation expense, net — 375 (b4) 375 — 375 (b4) 375 Total operating expenses 16,590 — 16,590 49,554 (246) 49,308 Loss from operations (4,666) (596) (5,262) (17,675) (1,476) (19,151) Interest expense and other fees (4,018) (1,056) (b2) (5,074) (11,612) (2,148) (b2) (13,760) Interest income 223 — 223 223 — 223 Change in fair value of warrant liability 381 — 381 5,793 — 5,793 Loss before income taxes (8,080) (1,652) (9,732) (23,271) (3,624) (26,895) Provision for income taxes (73) — (73) (173) — (173) Net loss $ (8,153) $ (1,652) $ (9,805) $ (23,444) $ (3,624) $ (27,068) Weighted average common shares outstanding - basic and diluted 3,936 — 3,936 3,926 — 3,926 Net loss per common share - basic and diluted $ (2.07) $ (0.42) $ (2.49) $ (5.97) $ (0.92) $ (6.89) Condensed Consolidated Statement of Cash Flow (Unaudited) Nine Months Ended September 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (23,444) $ (3,624) (a)(b2) $ (27,068) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 89,093 — 89,093 Net book value of property held for lease buyouts 24,783 — 24,783 Impairment on property held for lease expense 11,928 — 11,928 Change in fair value of warrants liability (5,793) — (5,793) Stock-based compensation 4,753 — 4,753 Amortization of debt discount 1,130 2,148 (b2) 3,278 Amortization of debt issuance costs, net 271 — 271 Accrued PIK Interest 1,508 — 1,508 Amortization of right-of-use assets 271 — 271 Change in operating assets and liabilities: Property held for lease (105,741) — (105,741) Prepaid expenses and other current assets (382) 121 (b2) (261) Accounts payable 872 — 872 Accrued liabilities 159 1,355 (a)(b2) 1,514 Lease liabilities (306) — (306) Unearned revenues (638) — (638) Net cash used in operating activities (1,536) — (1,536) Cash flows from investing activities: Purchases of property and equipment (164) — (164) Additions to capitalized software (1,203) — (1,203) Net cash used in investing activities (1,367) — (1,367) Cash flows from financing activities: Proceeds from revolving line of credit 9,935 — 9,935 Principal repayments on revolving line of credit (21,661) — (21,661) Repurchases of restricted stock (293) — (293) Proceeds from exercise of stock options 65 — 65 Net cash used in financing activities (11,954) — (11,954) Net decrease in cash, cash equivalents and restricted cash (14,857) — (14,857) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 81,574 $ — $ 81,574 The table below sets forth the unaudited condensed consolidated statements of stockholders' (deficit) equity, including balances reported, adjustments and balances as restated: Common Stock Additional Paid-in Capital Accumulated Deficit Total Stockholders' (Deficit) Equity Shares Amount Balance at March 31, 2022 as reported 3,925 $ — $ 78,596 $ (44,363) $ 34,233 Cumulative adjustments to net loss — — (7,489) (7,489) Balance at March 31, 2022 as restated 3,925 $ — $ 78,596 $ (51,852) $ 26,744 — — Balance at June 30, 2022 as reported 3,933 $ — $ 80,404 $ (54,096) $ 26,308 Cumulative adjustments to net loss — — (8,565) (8,565) Balance at June 30, 2022 as restated 3,933 $ — $ 80,404 $ (62,661) $ 17,743 Balance at September 30, 2022 as reported 3,937 $ — $ 82,167 $ (62,249) $ 19,918 Cumulative adjustments to net loss — — (10,217) (10,217) Balance at September 30, 2022 as restated 3,937 $ — $ 82,167 $ (72,466) $ 9,701 Condensed Consolidated Balance Sheet (Unaudited) As of March 31, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 40,552 $ — $ 40,552 Restricted cash 4,397 — 4,397 Property held for lease, net of accumulated depreciation and impairment 52,801 (1,268) (b1) 51,533 Prepaid expenses and other current assets 5,737 (745) (b1) 4,992 Total current assets 103,487 (2,013) 101,474 Property and equipment, net 514 — 514 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,994 — 1,994 Right-of-use assets 674 — 674 Total assets $ 106,760 $ (2,013) $ 104,747 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 1,516 $ — $ 1,516 Accrued liabilities 14,040 5,981 (a) 20,021 Unearned revenue 2,002 2,631 (b3) 4,633 Lease liabilities 343 — 343 Total current liabilities 17,901 8,612 26,513 Revolving line of credit, net 60,905 — 60,905 Term loan, net, non-current 22,811 — 22,811 Other liabilities 770 — 770 Lease liabilities, non-current 372 — 372 Total liabilities 102,759 8,612 111,371 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 89,791 — 89,791 Accumulated deficit (85,790) (10,625) (a)(b1)(b3) (96,415) Total stockholders' (deficit) equity 4,001 (10,625) (6,624) Total liabilities and stockholders' (deficit) equity $ 106,760 $ (2,013) $ 104,747 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended March 31, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated Revenue Rental revenue $ 54,724 $ (593) (a) $ 54,131 Other revenue 952 — 952 Total revenue 55,676 (593) 55,083 Cost of revenue 42,173 1,040 (b1) 43,213 Gross profit 13,503 (1,633) 11,870 Operating expenses: Servicing costs 990 — 990 Underwriting fees 468 — 468 Professional and consulting fees 2,655 — 2,655 Technology and data analytics 1,665 — 1,665 Compensation costs 7,057 (202) (c) 6,855 General and administrative 2,934 — 2,934 Total operating expenses 15,769 (202) 15,567 Loss from operations (2,266) (1,431) (3,697) Loss on partial extinguishment of debt (2,391) — (2,391) Interest expense and other fees (5,189) — (5,189) Interest income 620 — 620 Change in fair value of warrant liability 132 — 132 Loss before income taxes (9,094) (1,431) (10,525) Provision for income taxes (20) — (20) Net loss $ (9,114) $ (1,431) $ (10,545) Weighted average common shares outstanding - basic and diluted 3,973 — 3,973 Net loss per common share - basic and diluted $ (2.29) $ (0.36) $ (2.65) Condensed Consolidated Statement of Cash Flow (Unaudited) Three Months Ended March 31, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (9,114) $ (1,431) (a)(b1)(b4)(c) $ (10,545) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 29,012 665 (b1) 29,677 Net book value of property held for lease buyouts 6,452 295 (b1) 6,747 Impairment on property held for lease expense 5,223 35 (b1) 5,258 Change in fair value of warrants liability (132) — (132) Stock-based compensation 2,090 — 2,090 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 1,093 — 1,093 Amortization of debt issuance costs, net 81 — 81 Accrued PIK Interest 530 — 530 Amortization of right-of-use assets 98 — 98 Change in operating assets and liabilities: Property held for lease (43,013) (286) (b4) (43,299) Prepaid expenses and other current assets 2,778 331 (b1)(b4) 3,109 Accounts payable 252 — 252 Accrued liabilities (985) 391 (a)(c) (594) Lease liabilities (112) — (112) Unearned revenues 450 — 450 Net cash used in operating activities (2,906) — (2,906) Cash flows from investing activities: Purchases of property and equipment (4) — (4) Additions to capitalized software (297) — (297) Net cash used in investing activities (301) — (301) Cash flows from financing activities: Proceeds from revolving line of credit 4,350 — 4,350 Principal repayments on revolving line of credit (872) — (872) Principal repayment on term loan (25,000) — (25,000) Repurchases of restricted stock (163) — (163) Net cash used in financing activities (21,685) — (21,685) Net decrease in cash, cash equivalents and restricted cash (24,892) — (24,892) Cash, cash equivalents and restricted cash at beginning of period 69,841 — 69,841 Cash, cash equivalents and restricted cash at end of period $ 44,949 $ — $ 44,949 Condensed Consolidated Balance Sheet (Unaudited) As of June 30, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 38,228 $ — $ 38,228 Restricted cash 3,343 — 3,343 Property held for lease, net of accumulated depreciation and impairment 54,352 (1,567) (b1) 52,785 Prepaid expenses and other current assets 6,485 (1,241) (b1) 5,244 Total current assets 102,408 (2,808) 99,600 Property and equipment, net 471 — 471 Security deposits 91 — 91 Capitalized software and intangible assets, net 2,021 — 2,021 Right-of-use assets 574 — 574 Total assets $ 105,565 $ (2,808) $ 102,757 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 974 $ — $ 974 Accrued liabilities 14,588 6,214 (a) 20,802 Unearned revenue 1,988 2,631 (b3) 4,619 Lease liabilities 304 — 304 Total current liabilities 17,854 8,845 26,699 Revolving line of credit, net 63,538 — 63,538 Term loan, net, non-current 23,644 — 23,644 Other liabilities 513 — 513 Lease liabilities, non-current 296 — 296 Total liabilities 105,845 8,845 114,690 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 91,920 — 91,920 Accumulated deficit (92,200) (11,653) (a)(b1)(b3) (103,853) Total stockholders' (deficit) equity (280) (11,653) (11,933) Total liabilities and stockholders' (deficit) equity $ 105,565 $ (2,808) $ 102,757 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 53,874 $ (435) (a) $ 53,439 $ 108,598 $ (1,028) (a) $ 107,570 Other revenue 697 — 697 1,649 — 1,649 Total revenue 54,571 (435) 54,136 110,247 (1,028) 109,219 Cost of revenue 43,874 795 (b1) 44,669 86,047 1,835 (b1) 87,882 Gross profit 10,697 (1,230) 9,467 24,200 (2,863) 21,337 Operating expenses: Servicing costs 1,103 — 1,103 2,093 — 2,093 Underwriting fees 480 — 480 948 — 948 Professional and consulting fees 1,623 — 1,623 4,278 — 4,278 Technology and data analytics 1,959 — 1,959 3,624 — 3,624 Compensation costs 5,768 (202) (c) 5,566 12,825 (404) (c) 12,421 General and administrative 2,746 — 2,746 5,680 — 5,680 Total operating expenses 13,679 (202) 13,477 29,448 (404) 29,044 Loss from operations (2,982) (1,028) (4,010) (5,248) (2,459) (7,707) Loss on partial extinguishment of debt — — — (2,391) — (2,391) Interest expense and other fees (4,098) — (4,098) (9,287) — (9,287) Interest income 427 — 427 1,047 — 1,047 Change in fair value of warrant liability 257 — 257 389 — 389 Loss before income taxes (6,396) (1,028) (7,424) (15,490) (2,459) (17,949) Provision for income taxes (14) — (14) (34) — (34) Net loss $ (6,410) $ (1,028) $ (7,438) $ (15,524) $ (2,459) $ (17,983) Weighted average common shares outstanding - basic and diluted 4,073 — 4,073 4,023 — 4,023 Net loss per common share - basic and diluted $ (1.57) $ (0.25) $ (1.83) $ (3.86) $ (0.61) $ (4.47) Condensed Consolidated Statement of Cash Flow (Unaudited) Six Months Ended June 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (15,524) $ (2,459) (a)(b1)(b4)(c) $ (17,983) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 59,646 1,245 (b1) 60,891 Net book value of property held for lease buyouts 12,921 375 (b1) 13,296 Impairment on property held for lease expense 10,515 85 (b1) 10,600 Change in fair value of warrants liability (389) — (389) Stock-based compensation 4,303 — 4,303 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 1,592 — 1,592 Amortization of debt issuance costs, net 145 — 145 Accrued PIK Interest 864 — 864 Amortization of right-of-use assets 198 — 198 Change in operating assets and liabilities: Property held for lease (86,725) (697) (b4) (87,422) Prepaid expenses and other current assets 2,030 828 (b1)(b4) 2,858 Litigation insurance reimbursement receivable — — — Accounts payable (290) (290) Accrued liabilities (437) 623 (a)(c) 186 Lease liabilities (227) — (227) Unearned revenues 436 — 436 Net cash used in operating activities (8,551) — (8,551) Cash flows from investing activities: Additions to capitalized software (519) — (519) Net cash used in investing activities (519) — (519) Cash flows from financing activities: Proceeds from revolving line of credit 9,380 — 9,380 Principal repayments on revolving line of credit (3,311) — (3,311) Principal repayment on term loan (25,000) — (25,000) Payments of deferred financing costs (22) — (22) Repurchases of restricted stock (247) — (247) Net cash used in financing activities (19,200) — (19,200) Net decrease in cash, cash equivalents and restricted cash (28,270) — (28,270) Cash, cash equivalents and restricted cash at beginning of period 69,841 — 69,841 Cash, cash equivalents and restricted cash at end of period $ 41,571 $ — $ 41,571 Condensed Consolidated Balance Sheet (Unaudited) As of September 30, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 32,187 $ — $ 32,187 Restricted cash 6,682 — 6,682 Property held for lease, net of accumulated depreciation and impairment 53,581 (1,911) (b1) 51,670 Prepaid expenses and other current assets 6,777 (1,801) (b1) 4,976 Total current assets 99,227 (3,712) 95,515 Property and equipment, net 427 — 427 Security deposits 91 — 91 Capitalized software and intangible assets, net 2,060 — 2,060 Right-of-use assets 498 — 498 Total assets $ 102,303 $ (3,712) $ 98,591 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 735 $ — $ 735 Accrued liabilities 15,747 6,451 (a) 22,198 Unearned revenue 2,124 2,631 (b3) 4,755 Lease liabilities 297 — 297 Total current liabilities 18,903 9,082 27,985 Revolving line of credit, net 60,397 — 60,397 Term loan, net, non-current 24,543 — 24,543 Other liabilities 131 — 131 Lease liabilities, non-current 218 — 218 Total liabilities 104,192 9,082 113,274 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 93,225 — 93,225 Accumulated deficit (95,114) (12,794) (a)(b1)(b3) (107,908) Total stockholders' (deficit) equity (1,889) (12,794) (14,683) Total liabilities and stockholders' (deficit) equity $ 102,303 $ (3,712) $ 98,591 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 54,481 $ (439) (a) $ 54,042 $ 163,079 $ (1,467) (a) $ 161,612 Other revenue 769 — 769 2,418 — 2,418 Total revenue 55,250 (439) 54,811 165,497 (1,467) 164,030 Cost of revenue 42,439 903 (b1) 43,342 128,486 2,738 (b1) 131,224 Gross profit 12,811 (1,342) 11,469 37,011 (4,205) 32,806 Operating expenses: Servicing costs 1,100 — 1,100 3,193 — 3,193 Underwriting fees 422 — 422 1,370 — 1,370 Professional and consulting fees 1,169 — 1,169 5,447 — 5,447 Technology and data analytics 1,639 — 1,639 5,263 — 5,263 Compensation costs 5,117 (202) (c) 4,915 17,942 (606) (c) 17,336 General and administrative 2,664 — 2,664 8,344 — 8,344 Total operating expenses 12,111 (202) 11,909 41,559 (606) 40,953 Income (loss) from operations 700 (1,140) (440) (4,548) (3,599) (8,147) Loss on partial extinguishment of debt — — — (2,391) — (2,391) Interest expense and other fees (4,264) — (4,264) (13,551) — (13,551) Interest income 287 — 287 1,334 — 1,334 Change in fair value of warrant liability 382 — 382 771 — 771 Loss before income taxes (2,895) (1,140) (4,035) (18,385) (3,599) (21,984) Provision for income taxes (19) — (19) (53) — (53) Net loss $ (2,914) $ (1,140) $ (4,054) $ (18,438) $ (3,599) $ (22,037) Weighted average common shares outstanding - basic and diluted 4,130 — 4,130 4,059 — 4,059 Net loss per common share - basic and diluted $ (0.71) $ (0.28) $ (0.98) $ (4.54) $ (0.89) $ (5.43) Condensed Consolidated Statement of Cash Flow (Unaudited) Nine Months Ended September 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (18,438) $ (3,599) (a)(b1)(b4)(c) $ (22,037) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 90,439 1,895 (b1) 92,334 Net book value of property held for lease buyouts 18,909 456 (b1) 19,365 Impairment on property held for lease expense 15,356 138 (b1) 15,494 Change in fair value of warrants liability (771) — (771) Stock-based compensation 5,678 — 5,678 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 2,147 — 2,147 Amortization of debt issuance costs, net 211 — 211 Accrued PIK Interest 1,208 — 1,208 Amortization of right-of-use assets 274 — 274 Change in operating assets and liabilities: Property held for lease (127,327) (1,137) (b4) (128,464) Prepaid expenses and other current assets 1,738 1,387 (b1)(b4) 3,125 Accounts payable (529) (529) Accrued liabilities 734 860 (a)(c) 1,594 Lease liabilities (312) — (312) Unearned revenues 572 — 572 Net cash used in operating activities (7,720) — (7,720) Cash flows from investing activities: Purchases of property and equipment (10) — (10) Additions to capitalized software (753) — (753) Net cash used in investing activities (763) — (763) Cash flows from financing activities: Proceeds from revolving line of credit 10,916 — 10,916 Principal repayments on revolving line of credit (8,054) — (8,054) Principal repayment on term loan (25,000) — (25,000) Payments of deferred financing costs (34) — (34) Repurchases of restricted stock (317) — (317) Net cash

Property Held for Lease, Net _2

Property Held for Lease, Net of Accumulated Depreciation and Impairment (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of Property Held for Lease, Net	Property held for lease, net of accumulated depreciation and impairment consists of the following: December 31, 2023 2022 (As Restated) Property held for lease $ 290,808 $ 296,351 Less: accumulated depreciation and impairment (231,473) (247,507) Property held for lease, net $ 59,335 $ 48,844
Schedule of Property Subject to or Available for Operating Lease, Cost of Revenue	The table below details our cost of revenue for the years ended December 31, 2023 and 2022 : December 31, 2023 2022 (As Restated) Depreciation expense related to property held for lease $ 125,401 $ 116,102 Net book value of property buyouts 25,784 30,576 Impairment on property held for lease expense 22,019 17,575 Other (1) 6,677 7,839 Total cost of revenue $ 179,881 $ 172,092 (1) Other consists mainly of payment processing fees, incentives and other lease related costs.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
Property and Equipment, Net (Tables)	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	The estimated useful lives of property and equipment are described below: Property and Equipment Useful Life Computer, office and other equipment 5 years Computer software 3 years Furniture and fixtures 7 years Leasehold improvements Shorter of estimated useful life or remaining lease term Property and equipment, net consists of the following: December 31, 2023 2022 Computer, office and other equipment $ 822 $ 813 Computer software 80 80 Furniture and fixtures 100 100 Leasehold improvements 263 252 1,265 1,245 Less: accumulated depreciation (938) (688) Property and equipment, net $ 327 $ 557

Capitalized Software and Inta_2

Capitalized Software and Intangible Assets, Net (Tables)	12 Months Ended
Capitalized Software and Intangible Assets, Net (Tables)	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Capitalized Software and Intangible Assets, Net	Capitalized software and intangible assets, net consists of the following: December 31, 2023 2022 Capitalized software $ 3,545 $ 2,591 Domain name 16 16 3,561 2,607 Less: accumulated amortization (1,642) (760) Capitalized software and intangible assets, net $ 1,919 $ 1,847
Schedule of Estimated Future Amortization Expense	The following table summarizes estimated future amortization expense of capitalized software and intangible assets, net, exclusive of software not yet placed in service, as of December 31, 2023: Year Future Amortization Expense of Capitalized Software and Intangible Assets, Net 2024 $ 784 2025 408 2026 130 $ 1,322

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
Accrued Liabilities (Tables)	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consists of the following: December 31, 2023 2022 (As Restated) Bonus accrual $ 4,183 $ 2,376 Sales tax payable (1) 14,527 11,172 Unfunded lease payable (2) 3,578 3,283 Interest payable 140 118 Other accrued liabilities 1,718 2,297 Total accrued liabilities $ 24,146 $ 19,246 (1) Cash collected from lessees not yet remitted to the tax authority. (2) Amounts owed to merchant partners for property held for lease.

Debt (Tables)

Debt (Tables)	12 Months Ended
Debt (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt	A reconciliation of the outstanding principal to the carrying amount of the RLOC is as follows:: December 31, 2023 2022 Principal balance $ 60,744 $ 57,998 Less: Unamortized issuance costs (397) (359) Total carrying amount $ 60,347 $ 57,639 A reconciliation of the outstanding principal to the carrying amount of the Term Loan is as follows: December 31, 2023 2022 Principal balance $ 25,000 $ 50,000 PIK 5,340 3,785 Less: Unamortized debt discount and issuance costs (4,837) (5,728) Total carrying amount $ 25,503 $ 48,057

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2023
Leases [Abstract]
Schedule of Future Minimum Lease Payments	The following is a schedule of future minimum lease payments required under the non-cancelable leases as of December 31, 2023, reconciled to the present value of operating lease liabilities: Year Future Minimum 2024 $ 384 2025 275 2026 108 2027 111 2028 114 Thereafter 302 Total future minimum lease payments $ 1,294 Less: Interest (383) Total present value of lease liabilities $ 911
Schedule of Lease Liabilities	Lease Liabilities— Lease liabilities as of December 31, 2023 , consists of the following: December 31, 2023 Current portion of lease liabilities $ 297 Long-term lease liabilities, net of current portion 614 Total lease liabilities $ 911

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Options	A summary of the status of the stock options under the 2014 Plan as of December 31, 2023, and changes during the year then ended is presented below (adjusted after the Reverse Stock Split): Number of Options Weighted- Average Exercise Price Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance - December 31, 2022 322,900 $ 7.39 6.3 $ 5,479 Granted — — Exercised (120) 4.75 Forfeited (375) $ 87.50 Balance - December 31, 2023 322,405 $ 7.30 5.3 $ 1,539 Exercisable - December 31, 2023 322,232 $ 7.26 5.3 $ 1,539 Unvested - December 31, 2023 173 $ — 5.3 $ — A summary of the status of the stock options under the 2021 Plan as of December 31, 2023, and changes during the year then ended is presented below (adjusted after the Reverse Stock Split): Number of Options Weighted- Average Exercise Price Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance - December 31, 2022 13,865 $ 261.25 8.50 $ — Granted — — Exercised — — Forfeited — — Balance - December 31, 2023 13,865 $ 261.25 7.50 $ — Exercisable - December 31, 2023 10,687 $ 261.25 7.50 $ — Unvested - December 31, 2023 3,178 $ 261.25 7.50 $ —
Schedule of RSUs	A summary of the status of RSU's under the 2021 Plan as of December 31, 2023, and changes during the year then ended is presented below (adjusted after the Reverse Stock Split): Number of RSUs Weighted Average Grant Date Fair Value Outstanding - December 31, 2022 245,689 $ 59.56 Granted 187,737 $ 20.16 Vested (116,969) $ 59.86 Forfeited (38,167) $ 50.76 Outstanding - December 31, 2023 278,290 $ 34.05

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the Company's statutory income tax rate to the Company's effective income tax rate is as follows: Years Ended December 31, 2023 2022 (As Restated) Federal statutory rate 21.0 % 21.0 % Effect of: State taxes, net of federal tax benefit 6.3 % 7.0 % Change in valuation allowance (24.4 %) (29.4 %) Warrant remeasurement 0.5 % 3.3 % Stock compensation (3.6 %) (2.1 %) Permanent differences (0.2 %) — % Other, net — % 0.3 % Effective tax rate (0.4 %) 0.1 %
Schedule of Deferred Tax Assets and Liabilities	The components of deferred tax assets and liabilities are as follows: December 31, 2023 2022 (As Restated) Deferred tax assets: Accruals and reserves 3,309 $ 677 Federal, state and local net operating loss carryforwards 32,441 33,038 Stock compensation 914 1,172 Section 163(j) interest carryforward 8,747 4,544 Lease liabilities 231 209 Total deferred tax asset before valuation allowance 45,642 39,640 Valuation allowance (39,968) (31,220) Deferred tax asset - net of valuation allowance 5,674 8,420 Deferred tax liabilities: Right-of-use assets (224) (195) Depreciation & amortization (5,450) (8,225) Total deferred tax liabilities (5,674) (8,420) Net deferred tax asset (liability) $ — $ —

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
Net Loss Per Share (Tables)	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Antidilutive Securities	The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect (adjusted for after the Reverse Stock Split): Year Ended December 31, 2023 2022 Public warrants 500,000 500,000 Private warrants 13,300 13,300 Stock options 336,270 337,335 Unvested restricted stock units 278,290 240,160 Total common stock equivalents 1,127,860 1,090,795

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Values	The estimated fair value of the Company’s RLOC, and term loan facility were as follows: December 31, 2023 December 31, 2022 Principal Carrying Fair Principal Carrying Fair RLOC $ 60,744 $ 60,347 $ 64,631 $ 57,998 $ 57,639 $ 58,708 Term loan (1) 30,340 25,503 33,900 53,785 48,057 56,828 $ 91,084 $ 85,850 $ 98,531 $ 111,783 $ 105,696 $ 115,536 (1) Term loan outstanding principal balance and fair value includes $5,340 and $3,785 of capitalized PIK interest as of December 31, 2023 and 2022, respectively.
Schedule of Liabilities Measured on a Recurring Basis	Liabilities measured at fair value on a recurring basis as of December 31, 2023 and 2022 were as follows: December 31, 2023 Fair Value Measurement Using Liabilities: Total Level 1 Level 2 Level 3 Warrant liability - Public (Level 1) & Private Warrants (Level 3) $ 95 $ 93 $ — $ 2 Total Other Liabilities $ 95 $ 93 $ — $ 2 December 31, 2022 Fair Value Measurement Using Liabilities: Total Level 1 Level 2 Level 3 Warrant liability - Public (Level 1) & Private Warrants (Level 3) $ 902 $ 875 $ — $ 27 Total Other Liabilities $ 902 $ 875 $ — $ 27
Schedule of Level 3 Liability Activity	The following table summarizes the activity for the Company’s Warrant liability measured at fair value on a recurring basis: Warrant Liability Balance as of December 31, 2022 $ 902 Changes in fair value (807) Balance as of December 31, 2023 $ 95

Restatement of Unaudited Quar_2

Restatement of Unaudited Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Revision on the Prior Period Financial Statements	The following tables present a reconciliation of the as previously reported consolidated financial statements to the restated amounts as of and for the year ended December 31, 2022. The reconciled consolidated financial statements as of and for the year ended December 31, 2022 include the following: (1) as restated consolidated balance sheet, (2) as restated consolidated statement of operations and comprehensive loss and (3) as restated consolidated statement of cash flows. Presented below are the changes to each financial statement line item which changed as a result of the restatement. Consolidated Balance Sheet As of December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Property held for lease, net of accumulated depreciation and impairment $ 50,278 $ (1,434) (b1)(b4) $ 48,844 Prepaid expenses and other current assets $ 8,515 $ (415) (b1)( b4) $ 8,100 Total current assets $ 128,634 $ (1,849) $ 126,785 Total assets $ 131,901 $ (1,849) $ 130,052 Accrued liabilities $ 14,532 $ 4,714 (a)(b4) $ 19,246 Unearned revenue $ 1,552 $ 2,631 (b3) $ 4,183 Total current liabilities $ 42,730 $ 7,345 $ 50,075 Total liabilities $ 124,773 $ 7,345 $ 132,118 Accumulated deficit $ (76,676) $ (9,194) (a)(b1-b3) $ (85,870) Total stockholders' (deficit) equity $ 7,128 $ (9,194) $ (2,066) Total liabilities and stockholders' (deficit) equity $ 131,901 $ (1,849) $ 130,052 Consolidated Statement of Operations and Comprehensive Loss Year Ended December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Rental revenue $ 207,979 $ (2,608) (a)(b3) $ 205,371 Total revenue $ 212,105 $ (2,608) $ 209,497 Cost of revenue $ 171,119 $ 973 (b1) $ 172,092 Gross profit $ 40,986 $ (3,581) $ 37,405 Professional and consulting fees $ 11,281 $ (742) (b2)(b4) $ 10,539 General and administrative $ 14,167 $ 121 (b2) $ 14,288 Litigation expense, net $ — $ 375 (b4) $ 375 Total operating expenses $ 66,092 $ (246) $ 65,846 Loss from operations $ (25,106) $ (3,335) $ (28,441) Interest expense and other fees $ (19,998) $ 734 (b2) $ (19,264) Loss before income taxes $ (37,921) $ (2,601) $ (40,522) Net loss $ (37,871) $ (2,601) $ (40,472) Net loss per common share - basic and diluted $ (9.64) $ (0.66) $ (10.30) Consolidated Statement of Cash Flows Year Ended December 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Net loss $ (37,871) $ (2,601) (a)(b1-b3) $ (40,472) Depreciation and amortization $ 116,329 $ 506 (b1) $ 116,835 Net book value of property held for lease buyouts $ 30,505 $ 71 (b1) $ 30,576 Impairment on property held for lease expense $ 17,216 $ 359 (b1) $ 17,575 Amortization of debt discount $ 5,275 $ (734) (b2) $ 4,541 Property held for lease $ (151,843) $ 498 (b4) $ (151,345) Prepaid expenses and other current assets $ (4,266) $ 536 (b1)(b4) $ (3,730) Accrued liabilities $ 2,719 $ 1,249 (b2)(b4) $ 3,968 Unearned revenues $ (583) $ 116 (b3) $ (467) Net cash used in operating activities $ (20,848) $ — $ (20,848) Presented below are the restated condensed consolidated balance sheets, condensed consolidated statements of operations and comprehensive loss and condensed consolidated statements of cash flows for each of the interim periods within the years ended December 31, 2022 and 2023. Condensed Consolidated Balance Sheet (Unaudited) As of March 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 80,625 $ — $ 80,625 Restricted cash 5,577 — 5,577 Property held for lease, net of accumulated depreciation and impairment 52,288 — 52,288 Prepaid expenses and other current assets 2,400 — 2,400 Total current assets 140,890 — 140,890 Property and equipment, net 669 — 669 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,452 — 1,452 Right-of-use assets 1,050 — 1,050 Total assets $ 144,152 $ — $ 144,152 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,430 $ — $ 2,430 Accrued liabilities 10,369 3,759 (a)(b4) 14,128 Unearned revenue 2,036 2,515 (b3) 4,551 Lease liabilities 426 — 426 Total current liabilities 15,261 6,274 21,535 Revolving line of credit, net 48,105 — 48,105 Term loan, net, non-current 41,586 1,215 (b2) 42,801 Other liabilities 4,252 — 4,252 Lease liabilities, non-current 715 — 715 Total liabilities 109,919 7,489 117,408 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 78,596 — 78,596 Accumulated deficit (44,363) (7,489) (a)(b2-b4) (51,852) Total stockholders' (deficit) equity 34,233 (7,489) 26,744 Total liabilities and stockholders' (deficit) equity $ 144,152 $ — $ 144,152 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended March 31, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated Revenue Rental revenue $ 58,903 $ (661) (a) $ 58,242 Other revenue 974 — 974 Total revenue 59,877 (661) 59,216 Cost of revenue 48,113 — 48,113 Gross profit 11,764 (661) 11,103 Operating expenses: Servicing costs 1,207 — 1,207 Underwriting fees 488 — 488 Professional and consulting fees 3,288 (367) (b2) 2,921 Technology and data analytics 2,410 — 2,410 Compensation costs 5,377 — 5,377 General and administrative 3,805 121 (b2) 3,926 Total operating expenses 16,575 (246) 16,329 Loss from operations (4,811) (415) (5,226) Interest expense and other fees (3,801) (481) (b2) (4,282) Change in fair value of warrant liability 3,089 — 3,089 Loss before income taxes (5,523) (896) (6,419) Provision for income taxes (35) — (35) Net loss $ (5,558) $ (896) $ (6,454) Weighted average common shares outstanding - basic and diluted 3,915 — 3,915 Net loss per common share - basic and diluted $ (1.42) $ (0.23) $ (1.65) Condensed Consolidated Statement of Cash Flow (Unaudited) Three Months Ended March 31, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (5,558) $ (896) (a)(b2) $ (6,454) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 32,740 — 32,740 Net book value of property held for lease buyouts 10,020 — 10,020 Impairment on property held for lease expense 3,224 — 3,224 Change in fair value of warrants liability (3,089) — (3,089) Stock-based compensation 1,089 — 1,089 Amortization of debt discount 537 481 (b2) 1,018 Amortization of debt issuance costs, net 91 — 91 Accrued PIK Interest 388 — 388 Amortization of right-of-use assets 89 — 89 Change in operating assets and liabilities: Property held for lease (36,398) — (36,398) Prepaid expenses and other current assets 1,849 121 (b2) 1,970 Accounts payable 401 — 401 Accrued liabilities (1,444) 294 (a)(b2) (1,150) Lease liabilities (99) — (99) Unearned revenues (99) — (99) Net cash used in operating activities 3,741 — 3,741 Cash flows from investing activities: Purchases of property and equipment (139) — (139) Additions to capitalized software (472) — (472) Net cash used in investing activities (611) — (611) Cash flows from financing activities: Principal repayments on revolving line of credit (13,224) — (13,224) Repurchases of restricted stock (195) — (195) Proceeds from exercise of stock options 60 — 60 Net cash used in financing activities (13,359) — (13,359) Net decrease in cash, cash equivalents and restricted cash (10,229) — (10,229) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 86,202 $ — $ 86,202 Condensed Consolidated Balance Sheet (Unaudited) As of June 30, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 85,025 $ — $ 85,025 Restricted cash 2,229 — 2,229 Property held for lease, net of accumulated depreciation and impairment 45,935 — 45,935 Prepaid expenses and other current assets 4,646 — 4,646 Total current assets 137,835 — 137,835 Property and equipment, net 636 — 636 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,687 — 1,687 Right-of-use assets 960 — 960 Total assets $ 141,209 $ — $ 141,209 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 1,752 $ — $ 1,752 Accrued liabilities 10,914 4,224 (a)(b4) 15,138 Unearned revenue 1,623 2,515 (b3) 4,138 Lease liabilities 439 — 439 Total current liabilities 14,728 6,739 21,467 Revolving line of credit, net 55,183 — 55,183 Term loan, net, non-current 42,461 1,826 (b2) 44,287 Other liabilities 1,929 — 1,929 Lease liabilities, non-current 600 — 600 Total liabilities 114,901 8,565 123,466 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 80,404 — 80,404 Accumulated deficit (54,096) (8,565) (a)(b2-b4) (62,661) Total stockholders' (deficit) equity 26,308 (8,565) 17,743 Total liabilities and stockholders' (deficit) equity $ 141,209 $ — $ 141,209 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 51,911 $ (465) (a) $ 51,446 $ 110,815 $ (1,126) (a) $ 109,689 Other revenue 1,128 — 1,128 2,102 — 2,102 Total revenue 53,039 (465) 52,574 112,917 (1,126) 111,791 Cost of revenue 44,849 — 44,849 92,962 — 92,962 Gross profit 8,190 (465) 7,725 19,955 (1,126) 18,829 Operating expenses: Servicing costs 1,131 — 1,131 2,337 — 2,337 Underwriting fees 423 — 423 910 — 910 Professional and consulting fees 2,259 — 2,259 5,547 (367) (b2) 5,180 Technology and data analytics 2,455 — 2,455 4,864 — 4,864 Compensation costs 6,470 — 6,470 11,847 — 11,847 General and administrative 3,649 — 3,649 7,459 121 (b2) 7,580 Total operating expenses 16,387 — 16,387 32,964 (246) 32,718 Loss from operations (8,197) (465) (8,662) (13,009) (880) (13,889) Interest expense and other fees (3,794) (611) (b2) (4,405) (7,594) (1,092) (b2) (8,686) Change in fair value of warrant liability 2,323 — 2,323 5,412 — 5,412 Loss before income taxes (9,668) (1,076) (10,744) (15,191) (1,972) (17,163) Provision for income taxes (65) — (65) (100) — (100) Net loss $ (9,733) $ (1,076) $ (10,809) $ (15,291) $ (1,972) $ (17,263) Weighted average common shares outstanding - basic and diluted 3,918 — 3,918 3,921 — 3,921 Net loss per common share - basic and diluted $ (2.48) $ (0.27) $ (2.76) $ (3.90) $ (0.50) $ (4.40) Condensed Consolidated Statement of Cash Flow (Unaudited) Six Months Ended June 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (15,291) $ (1,972) (a)(b2) $ (17,263) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 62,438 — 62,438 Net book value of property held for lease buyouts 19,040 — 19,040 Impairment on property held for lease expense 7,490 — 7,490 Change in fair value of warrants liability (5,412) — (5,412) Stock-based compensation 2,946 — 2,946 Amortization of debt discount 1,015 1,092 (b2) 2,107 Amortization of debt issuance costs, net 181 — 181 Accrued PIK Interest 785 — 785 Amortization of right-of-use assets 179 — 179 Change in operating assets and liabilities: Property held for lease (72,844) — (72,844) Prepaid expenses and other current assets (397) 121 (b2) (276) Accounts payable (277) — (277) Accrued liabilities (899) 759 (a)(b2) (140) Lease liabilities (201) — (201) Unearned revenues (512) — (512) Net cash used in operating activities (1,759) — (1,759) Cash flows from investing activities: Purchases of property and equipment (153) — (153) Additions to capitalized software (845) — (845) Net cash used in investing activities (998) — (998) Cash flows from financing activities: Proceeds from revolving line of credit 9,935 — 9,935 Principal repayments on revolving line of credit (16,171) — (16,171) Repurchases of restricted stock (244) — (244) Proceeds from exercise of stock options 60 — 60 Net cash used in financing activities (6,420) — (6,420) Net decrease in cash, cash equivalents and restricted cash (9,177) — (9,177) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 87,254 $ — $ 87,254 Condensed Consolidated Balance Sheet (Unaudited) As of September 30, 2022 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 77,162 $ — $ 77,162 Restricted cash 4,412 — 4,412 Property held for lease, net of accumulated depreciation and impairment 42,195 — 42,195 Prepaid expenses and other current assets 4,630 — 4,630 Total current assets 128,399 — 128,399 Property and equipment, net 600 — 600 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,894 — 1,894 Right-of-use assets 868 — 868 Total assets $ 131,852 $ — $ 131,852 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,901 $ — $ 2,901 Accrued liabilities 11,972 4,820 (a)(b4) 16,792 Unearned revenue 1,497 2,515 (b3) 4,012 Lease liabilities 419 — -1000 419 Total current liabilities 16,789 7,335 24,124 Revolving line of credit, net 49,783 — 49,783 Term loan, net, non-current 43,299 2,882 (b2) 46,181 Other liabilities 1,548 — 1,548 Lease liabilities, non-current 515 — 515 Total liabilities 111,934 10,217 122,151 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 82,167 — 82,167 Accumulated deficit (62,249) (10,217) (a)(b2-b4) (72,466) Total stockholders' (deficit) equity 19,918 (10,217) 9,701 Total liabilities and stockholders' (deficit) equity $ 131,852 $ — $ 131,852 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 49,260 $ (596) (a) $ 48,664 $ 160,075 $ (1,722) (a) $ 158,353 Other revenue 1,081 — 1,081 3,183 — 3,183 Total revenue 50,341 (596) 49,745 163,258 (1,722) 161,536 Cost of revenue 38,417 — 38,417 131,379 — 131,379 Gross profit 11,924 (596) 11,328 31,879 (1,722) 30,157 Operating expenses: Servicing costs 1,025 — 1,025 3,362 — 3,362 Underwriting fees 419 — 419 1,330 — 1,330 Professional and consulting fees 2,697 (375) (b4) 2,322 8,244 (742) (b2)(b4) 7,502 Technology and data analytics 2,421 — 2,421 7,286 — 7,286 Compensation costs 6,752 — 6,752 18,599 — 18,599 General and administrative 3,276 — 3,276 10,733 121 (b2) 10,854 Litigation expense, net — 375 (b4) 375 — 375 (b4) 375 Total operating expenses 16,590 — 16,590 49,554 (246) 49,308 Loss from operations (4,666) (596) (5,262) (17,675) (1,476) (19,151) Interest expense and other fees (4,018) (1,056) (b2) (5,074) (11,612) (2,148) (b2) (13,760) Interest income 223 — 223 223 — 223 Change in fair value of warrant liability 381 — 381 5,793 — 5,793 Loss before income taxes (8,080) (1,652) (9,732) (23,271) (3,624) (26,895) Provision for income taxes (73) — (73) (173) — (173) Net loss $ (8,153) $ (1,652) $ (9,805) $ (23,444) $ (3,624) $ (27,068) Weighted average common shares outstanding - basic and diluted 3,936 — 3,936 3,926 — 3,926 Net loss per common share - basic and diluted $ (2.07) $ (0.42) $ (2.49) $ (5.97) $ (0.92) $ (6.89) Condensed Consolidated Statement of Cash Flow (Unaudited) Nine Months Ended September 30, 2022 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (23,444) $ (3,624) (a)(b2) $ (27,068) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 89,093 — 89,093 Net book value of property held for lease buyouts 24,783 — 24,783 Impairment on property held for lease expense 11,928 — 11,928 Change in fair value of warrants liability (5,793) — (5,793) Stock-based compensation 4,753 — 4,753 Amortization of debt discount 1,130 2,148 (b2) 3,278 Amortization of debt issuance costs, net 271 — 271 Accrued PIK Interest 1,508 — 1,508 Amortization of right-of-use assets 271 — 271 Change in operating assets and liabilities: Property held for lease (105,741) — (105,741) Prepaid expenses and other current assets (382) 121 (b2) (261) Accounts payable 872 — 872 Accrued liabilities 159 1,355 (a)(b2) 1,514 Lease liabilities (306) — (306) Unearned revenues (638) — (638) Net cash used in operating activities (1,536) — (1,536) Cash flows from investing activities: Purchases of property and equipment (164) — (164) Additions to capitalized software (1,203) — (1,203) Net cash used in investing activities (1,367) — (1,367) Cash flows from financing activities: Proceeds from revolving line of credit 9,935 — 9,935 Principal repayments on revolving line of credit (21,661) — (21,661) Repurchases of restricted stock (293) — (293) Proceeds from exercise of stock options 65 — 65 Net cash used in financing activities (11,954) — (11,954) Net decrease in cash, cash equivalents and restricted cash (14,857) — (14,857) Cash, cash equivalents and restricted cash at beginning of period 96,431 — 96,431 Cash, cash equivalents and restricted cash at end of period $ 81,574 $ — $ 81,574 The table below sets forth the unaudited condensed consolidated statements of stockholders' (deficit) equity, including balances reported, adjustments and balances as restated: Common Stock Additional Paid-in Capital Accumulated Deficit Total Stockholders' (Deficit) Equity Shares Amount Balance at March 31, 2022 as reported 3,925 $ — $ 78,596 $ (44,363) $ 34,233 Cumulative adjustments to net loss — — (7,489) (7,489) Balance at March 31, 2022 as restated 3,925 $ — $ 78,596 $ (51,852) $ 26,744 — — Balance at June 30, 2022 as reported 3,933 $ — $ 80,404 $ (54,096) $ 26,308 Cumulative adjustments to net loss — — (8,565) (8,565) Balance at June 30, 2022 as restated 3,933 $ — $ 80,404 $ (62,661) $ 17,743 Balance at September 30, 2022 as reported 3,937 $ — $ 82,167 $ (62,249) $ 19,918 Cumulative adjustments to net loss — — (10,217) (10,217) Balance at September 30, 2022 as restated 3,937 $ — $ 82,167 $ (72,466) $ 9,701 Condensed Consolidated Balance Sheet (Unaudited) As of March 31, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 40,552 $ — $ 40,552 Restricted cash 4,397 — 4,397 Property held for lease, net of accumulated depreciation and impairment 52,801 (1,268) (b1) 51,533 Prepaid expenses and other current assets 5,737 (745) (b1) 4,992 Total current assets 103,487 (2,013) 101,474 Property and equipment, net 514 — 514 Security deposits 91 — 91 Capitalized software and intangible assets, net 1,994 — 1,994 Right-of-use assets 674 — 674 Total assets $ 106,760 $ (2,013) $ 104,747 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 1,516 $ — $ 1,516 Accrued liabilities 14,040 5,981 (a) 20,021 Unearned revenue 2,002 2,631 (b3) 4,633 Lease liabilities 343 — 343 Total current liabilities 17,901 8,612 26,513 Revolving line of credit, net 60,905 — 60,905 Term loan, net, non-current 22,811 — 22,811 Other liabilities 770 — 770 Lease liabilities, non-current 372 — 372 Total liabilities 102,759 8,612 111,371 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 89,791 — 89,791 Accumulated deficit (85,790) (10,625) (a)(b1)(b3) (96,415) Total stockholders' (deficit) equity 4,001 (10,625) (6,624) Total liabilities and stockholders' (deficit) equity $ 106,760 $ (2,013) $ 104,747 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended March 31, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated Revenue Rental revenue $ 54,724 $ (593) (a) $ 54,131 Other revenue 952 — 952 Total revenue 55,676 (593) 55,083 Cost of revenue 42,173 1,040 (b1) 43,213 Gross profit 13,503 (1,633) 11,870 Operating expenses: Servicing costs 990 — 990 Underwriting fees 468 — 468 Professional and consulting fees 2,655 — 2,655 Technology and data analytics 1,665 — 1,665 Compensation costs 7,057 (202) (c) 6,855 General and administrative 2,934 — 2,934 Total operating expenses 15,769 (202) 15,567 Loss from operations (2,266) (1,431) (3,697) Loss on partial extinguishment of debt (2,391) — (2,391) Interest expense and other fees (5,189) — (5,189) Interest income 620 — 620 Change in fair value of warrant liability 132 — 132 Loss before income taxes (9,094) (1,431) (10,525) Provision for income taxes (20) — (20) Net loss $ (9,114) $ (1,431) $ (10,545) Weighted average common shares outstanding - basic and diluted 3,973 — 3,973 Net loss per common share - basic and diluted $ (2.29) $ (0.36) $ (2.65) Condensed Consolidated Statement of Cash Flow (Unaudited) Three Months Ended March 31, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (9,114) $ (1,431) (a)(b1)(b4)(c) $ (10,545) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 29,012 665 (b1) 29,677 Net book value of property held for lease buyouts 6,452 295 (b1) 6,747 Impairment on property held for lease expense 5,223 35 (b1) 5,258 Change in fair value of warrants liability (132) — (132) Stock-based compensation 2,090 — 2,090 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 1,093 — 1,093 Amortization of debt issuance costs, net 81 — 81 Accrued PIK Interest 530 — 530 Amortization of right-of-use assets 98 — 98 Change in operating assets and liabilities: Property held for lease (43,013) (286) (b4) (43,299) Prepaid expenses and other current assets 2,778 331 (b1)(b4) 3,109 Accounts payable 252 — 252 Accrued liabilities (985) 391 (a)(c) (594) Lease liabilities (112) — (112) Unearned revenues 450 — 450 Net cash used in operating activities (2,906) — (2,906) Cash flows from investing activities: Purchases of property and equipment (4) — (4) Additions to capitalized software (297) — (297) Net cash used in investing activities (301) — (301) Cash flows from financing activities: Proceeds from revolving line of credit 4,350 — 4,350 Principal repayments on revolving line of credit (872) — (872) Principal repayment on term loan (25,000) — (25,000) Repurchases of restricted stock (163) — (163) Net cash used in financing activities (21,685) — (21,685) Net decrease in cash, cash equivalents and restricted cash (24,892) — (24,892) Cash, cash equivalents and restricted cash at beginning of period 69,841 — 69,841 Cash, cash equivalents and restricted cash at end of period $ 44,949 $ — $ 44,949 Condensed Consolidated Balance Sheet (Unaudited) As of June 30, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 38,228 $ — $ 38,228 Restricted cash 3,343 — 3,343 Property held for lease, net of accumulated depreciation and impairment 54,352 (1,567) (b1) 52,785 Prepaid expenses and other current assets 6,485 (1,241) (b1) 5,244 Total current assets 102,408 (2,808) 99,600 Property and equipment, net 471 — 471 Security deposits 91 — 91 Capitalized software and intangible assets, net 2,021 — 2,021 Right-of-use assets 574 — 574 Total assets $ 105,565 $ (2,808) $ 102,757 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 974 $ — $ 974 Accrued liabilities 14,588 6,214 (a) 20,802 Unearned revenue 1,988 2,631 (b3) 4,619 Lease liabilities 304 — 304 Total current liabilities 17,854 8,845 26,699 Revolving line of credit, net 63,538 — 63,538 Term loan, net, non-current 23,644 — 23,644 Other liabilities 513 — 513 Lease liabilities, non-current 296 — 296 Total liabilities 105,845 8,845 114,690 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 91,920 — 91,920 Accumulated deficit (92,200) (11,653) (a)(b1)(b3) (103,853) Total stockholders' (deficit) equity (280) (11,653) (11,933) Total liabilities and stockholders' (deficit) equity $ 105,565 $ (2,808) $ 102,757 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 53,874 $ (435) (a) $ 53,439 $ 108,598 $ (1,028) (a) $ 107,570 Other revenue 697 — 697 1,649 — 1,649 Total revenue 54,571 (435) 54,136 110,247 (1,028) 109,219 Cost of revenue 43,874 795 (b1) 44,669 86,047 1,835 (b1) 87,882 Gross profit 10,697 (1,230) 9,467 24,200 (2,863) 21,337 Operating expenses: Servicing costs 1,103 — 1,103 2,093 — 2,093 Underwriting fees 480 — 480 948 — 948 Professional and consulting fees 1,623 — 1,623 4,278 — 4,278 Technology and data analytics 1,959 — 1,959 3,624 — 3,624 Compensation costs 5,768 (202) (c) 5,566 12,825 (404) (c) 12,421 General and administrative 2,746 — 2,746 5,680 — 5,680 Total operating expenses 13,679 (202) 13,477 29,448 (404) 29,044 Loss from operations (2,982) (1,028) (4,010) (5,248) (2,459) (7,707) Loss on partial extinguishment of debt — — — (2,391) — (2,391) Interest expense and other fees (4,098) — (4,098) (9,287) — (9,287) Interest income 427 — 427 1,047 — 1,047 Change in fair value of warrant liability 257 — 257 389 — 389 Loss before income taxes (6,396) (1,028) (7,424) (15,490) (2,459) (17,949) Provision for income taxes (14) — (14) (34) — (34) Net loss $ (6,410) $ (1,028) $ (7,438) $ (15,524) $ (2,459) $ (17,983) Weighted average common shares outstanding - basic and diluted 4,073 — 4,073 4,023 — 4,023 Net loss per common share - basic and diluted $ (1.57) $ (0.25) $ (1.83) $ (3.86) $ (0.61) $ (4.47) Condensed Consolidated Statement of Cash Flow (Unaudited) Six Months Ended June 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (15,524) $ (2,459) (a)(b1)(b4)(c) $ (17,983) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 59,646 1,245 (b1) 60,891 Net book value of property held for lease buyouts 12,921 375 (b1) 13,296 Impairment on property held for lease expense 10,515 85 (b1) 10,600 Change in fair value of warrants liability (389) — (389) Stock-based compensation 4,303 — 4,303 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 1,592 — 1,592 Amortization of debt issuance costs, net 145 — 145 Accrued PIK Interest 864 — 864 Amortization of right-of-use assets 198 — 198 Change in operating assets and liabilities: Property held for lease (86,725) (697) (b4) (87,422) Prepaid expenses and other current assets 2,030 828 (b1)(b4) 2,858 Litigation insurance reimbursement receivable — — — Accounts payable (290) (290) Accrued liabilities (437) 623 (a)(c) 186 Lease liabilities (227) — (227) Unearned revenues 436 — 436 Net cash used in operating activities (8,551) — (8,551) Cash flows from investing activities: Additions to capitalized software (519) — (519) Net cash used in investing activities (519) — (519) Cash flows from financing activities: Proceeds from revolving line of credit 9,380 — 9,380 Principal repayments on revolving line of credit (3,311) — (3,311) Principal repayment on term loan (25,000) — (25,000) Payments of deferred financing costs (22) — (22) Repurchases of restricted stock (247) — (247) Net cash used in financing activities (19,200) — (19,200) Net decrease in cash, cash equivalents and restricted cash (28,270) — (28,270) Cash, cash equivalents and restricted cash at beginning of period 69,841 — 69,841 Cash, cash equivalents and restricted cash at end of period $ 41,571 $ — $ 41,571 Condensed Consolidated Balance Sheet (Unaudited) As of September 30, 2023 As Previously Reported Restatement Adjustments Restatement Reference As Restated ASSETS Current assets: Cash and cash equivalents $ 32,187 $ — $ 32,187 Restricted cash 6,682 — 6,682 Property held for lease, net of accumulated depreciation and impairment 53,581 (1,911) (b1) 51,670 Prepaid expenses and other current assets 6,777 (1,801) (b1) 4,976 Total current assets 99,227 (3,712) 95,515 Property and equipment, net 427 — 427 Security deposits 91 — 91 Capitalized software and intangible assets, net 2,060 — 2,060 Right-of-use assets 498 — 498 Total assets $ 102,303 $ (3,712) $ 98,591 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities: Accounts payable $ 735 $ — $ 735 Accrued liabilities 15,747 6,451 (a) 22,198 Unearned revenue 2,124 2,631 (b3) 4,755 Lease liabilities 297 — 297 Total current liabilities 18,903 9,082 27,985 Revolving line of credit, net 60,397 — 60,397 Term loan, net, non-current 24,543 — 24,543 Other liabilities 131 — 131 Lease liabilities, non-current 218 — 218 Total liabilities 104,192 9,082 113,274 STOCKHOLDERS' (DEFICIT) EQUITY Common stock — — — Additional paid-in capital 93,225 — 93,225 Accumulated deficit (95,114) (12,794) (a)(b1)(b3) (107,908) Total stockholders' (deficit) equity (1,889) (12,794) (14,683) Total liabilities and stockholders' (deficit) equity $ 102,303 $ (3,712) $ 98,591 Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated As Previously Reported Restatement Adjustments Ref As Restated Revenue Rental revenue $ 54,481 $ (439) (a) $ 54,042 $ 163,079 $ (1,467) (a) $ 161,612 Other revenue 769 — 769 2,418 — 2,418 Total revenue 55,250 (439) 54,811 165,497 (1,467) 164,030 Cost of revenue 42,439 903 (b1) 43,342 128,486 2,738 (b1) 131,224 Gross profit 12,811 (1,342) 11,469 37,011 (4,205) 32,806 Operating expenses: Servicing costs 1,100 — 1,100 3,193 — 3,193 Underwriting fees 422 — 422 1,370 — 1,370 Professional and consulting fees 1,169 — 1,169 5,447 — 5,447 Technology and data analytics 1,639 — 1,639 5,263 — 5,263 Compensation costs 5,117 (202) (c) 4,915 17,942 (606) (c) 17,336 General and administrative 2,664 — 2,664 8,344 — 8,344 Total operating expenses 12,111 (202) 11,909 41,559 (606) 40,953 Income (loss) from operations 700 (1,140) (440) (4,548) (3,599) (8,147) Loss on partial extinguishment of debt — — — (2,391) — (2,391) Interest expense and other fees (4,264) — (4,264) (13,551) — (13,551) Interest income 287 — 287 1,334 — 1,334 Change in fair value of warrant liability 382 — 382 771 — 771 Loss before income taxes (2,895) (1,140) (4,035) (18,385) (3,599) (21,984) Provision for income taxes (19) — (19) (53) — (53) Net loss $ (2,914) $ (1,140) $ (4,054) $ (18,438) $ (3,599) $ (22,037) Weighted average common shares outstanding - basic and diluted 4,130 — 4,130 4,059 — 4,059 Net loss per common share - basic and diluted $ (0.71) $ (0.28) $ (0.98) $ (4.54) $ (0.89) $ (5.43) Condensed Consolidated Statement of Cash Flow (Unaudited) Nine Months Ended September 30, 2023 As Previously Reported Restatement Adjustments Ref As Restated Cash flows from operating activities: Net loss $ (18,438) $ (3,599) (a)(b1)(b4)(c) $ (22,037) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 90,439 1,895 (b1) 92,334 Net book value of property held for lease buyouts 18,909 456 (b1) 19,365 Impairment on property held for lease expense 15,356 138 (b1) 15,494 Change in fair value of warrants liability (771) — (771) Stock-based compensation 5,678 — 5,678 Loss on partial extinguishment of debt 2,391 — 2,391 Amortization of debt discount 2,147 — 2,147 Amortization of debt issuance costs, net 211 — 211 Accrued PIK Interest 1,208 — 1,208 Amortization of right-of-use assets 274 — 274 Change in operating assets and liabilities: Property held for lease (127,327) (1,137) (b4) (128,464) Prepaid expenses and other current assets 1,738 1,387 (b1)(b4) 3,125 Accounts payable (529) (529) Accrued liabilities 734 860 (a)(c) 1,594 Lease liabilities (312) — (312) Unearned revenues 572 — 572 Net cash used in operating activities (7,720) — (7,720) Cash flows from investing activities: Purchases of property and equipment (10) — (10) Additions to capitalized software (753) — (753) Net cash used in investing activities (763) — (763) Cash flows from financing activities: Proceeds from revolving line of credit 10,916 — 10,916 Principal repayments on revolving line of credit (8,054) — (8,054) Principal repayment on term loan (25,000) — (25,000) Payments of deferred financing costs (34) — (34) Repurchases of restricted stock (317) — (317) Net cash

Description of Business and B_2

Description of Business and Basis of Presentation (Details) $ / shares in Units, $ in Thousands

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2023 USD ($)

Jun. 30, 2023 USD ($)

Mar. 31, 2023 USD ($)

Sep. 30, 2022 USD ($)

Jun. 30, 2022 USD ($)

Mar. 31, 2022 USD ($)

Jun. 30, 2023 USD ($)

Jun. 30, 2022 USD ($)

Sep. 30, 2023 USD ($)

Sep. 30, 2022 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Mar. 06, 2023 $ / shares shares

Oct. 31, 2019 $ / shares

Oct. 19, 2019

Subsidiary, Sale of Stock [Line Items]

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

Warrant Agreement

Subsidiary, Sale of Stock [Line Items]

Ratio of shares called by each warrant

0.04

Exercise price (in dollars per share)

$ 287.50

Warrant To Purchase Stock

Subsidiary, Sale of Stock [Line Items]

Exercise price (in dollars per share)

$ 0.25

Number of shares called by warrants (in shares) | shares

160,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Number of operating segments \| segment	1
Number of reportable segments \| segment	1
Impairment expense	$ 0	$ 0
Revenue from sales of property held for lease	$ 2,846,000	3,980,000
Dividend yield	0%
Accrued interest and penalties	$ 0	$ 0
Ten Months
Property, Plant and Equipment [Line Items]
Renewal term	10 months
Twelve Months
Property, Plant and Equipment [Line Items]
Renewal term	12 months
Eighteen Months
Property, Plant and Equipment [Line Items]
Renewal term	18 months
Eight Months
Property, Plant and Equipment [Line Items]
Renewal term	8 months
Capitalized software
Property, Plant and Equipment [Line Items]
Useful life	3 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Reconciliation of Cash and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 21,408	$ 32,187	$ 38,228	$ 40,552	$ 65,430	$ 77,162	$ 85,025	$ 80,625
Restricted cash	7,403	6,682	3,343	4,397	4,411	4,412	2,229	5,577
Total cash, cash equivalents and restricted cash	$ 28,811	$ 38,869	$ 41,571	$ 44,949	$ 69,841	$ 81,574	$ 87,254	$ 86,202	$ 96,431

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Useful Lives (Details)	Dec. 31, 2023
Computer, office and other equipment
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Computer software
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Life	7 years

Restatement of Previously Iss_3

Restatement of Previously Issued Consolidated Financial Statements - Narrative (Details) - 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	Dec. 31, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease in 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)
Increase to sales tax payable											14,527	11,172
Increase in accumulated deficit	107,908	103,853	96,415	72,466	62,661	51,852	103,853	62,661	107,908	72,466	122,536	85,870
Decrease to property held for lease, net of accumulated depreciation and impairment	(51,670)	(52,785)	(51,533)	(42,195)	(45,935)	(52,288)	(52,785)	(45,935)	(51,670)	(42,195)	(59,335)	(48,844)
Decrease in prepaid expenses and other current assets	(4,976)	(5,244)	(4,992)	(4,630)	(4,646)	(2,400)	(5,244)	(4,646)	(4,976)	(4,630)	(4,491)	(8,100)
Decrease to amortization of debt discount			(1,093)			(1,018)	(1,592)	(2,107)	(2,147)	(3,278)	(2,760)	(4,541)
Decrease to 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)
Unearned revenue	4,755	4,619	4,633	4,012	4,138	4,551	4,619	4,138	4,755	4,012	4,949	4,183
Litigation expense, net				375						375	$ 7,000	375
Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease in rental revenue	439	435	593	596	465	661	1,028	1,126	1,467	1,722		2,608
Increase in accumulated deficit	12,794	11,653	10,625	10,217	8,565	7,489	11,653	8,565	12,794	10,217		9,194	$ 6,593
Decrease to property held for lease, net of accumulated depreciation and impairment	1,911	1,567	1,268	0	0	0	1,567	0	1,911	0		1,434
Decrease in prepaid expenses and other current assets	1,801	1,241	745	0	0	0	1,241	0	1,801	0		415
Decrease to amortization of debt discount			0			(481)	0	(1,092)	0	(2,148)		734
Decrease to professional and consulting fees	0	0	0	375	0	367	0	367	0	742		742
Unearned revenue	$ 2,631	$ 2,631	$ 2,631	2,515	$ 2,515	$ 2,515	$ 2,631	$ 2,515	$ 2,631	2,515		2,631
Litigation expense, net				$ 375						$ 375		375
Restatement Adjustments \| Sales Tax Payable
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease in rental revenue												2,492
Increase to sales tax payable												5,590
Increase in accumulated deficit													3,098
Restatement Adjustments \| Lease Depreciation Expense
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase to depreciation												973
Decrease to property held for lease, net of accumulated depreciation and impairment												936
Decrease in prepaid expenses and other current assets												37
Restatement Adjustments \| Miscellaneous Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in accumulated deficit													980
Decrease to amortization of debt discount												734
Decrease to professional and consulting fees												367
General insurance expense												121
Restatement Adjustments \| Recognition Of Deferred Revenue
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease in rental revenue												116
Increase in accumulated deficit													$ 2,515
Unearned revenue												2,631
Restatement Adjustments \| One-Time Reclassifications, First Reclassification
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease to property held for lease, net of accumulated depreciation and impairment												876
Restatement Adjustments \| One-Time Reclassifications, Second Reclassification
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease to property held for lease, net of accumulated depreciation and impairment												(378)
Decrease in prepaid expenses and other current assets												378
Restatement Adjustments \| One-Time Reclassifications, Third Reclassification
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease to professional and consulting fees												375
Litigation expense, net												$ 375

Restatement of Previously Iss_4

Restatement of Previously Issued Consolidated Financial Statements - Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property held for lease, net of accumulated depreciation and impairment (Note 4)	$ 59,335	$ 51,670	$ 52,785	$ 51,533	$ 48,844	$ 42,195	$ 45,935	$ 52,288
Prepaid expenses and other current assets	4,491	4,976	5,244	4,992	8,100	4,630	4,646	2,400
Total current assets	97,637	95,515	99,600	101,474	126,785	128,399	137,835	140,890
Total assets	100,862	98,591	102,757	104,747	130,052	131,852	141,209	144,152
Accrued liabilities (Note 7)	24,146	22,198	20,802	20,021	19,246	16,792	15,138	14,128
Unearned revenue	4,949	4,755	4,619	4,633	4,183	4,012	4,138	4,551
Total current liabilities	42,295	27,985	26,699	26,513	50,075	24,124	21,467	21,535
Total liabilities	128,854	113,274	114,690	111,371	132,118	122,151	123,466	117,408
Accumulated deficit	(122,536)	(107,908)	(103,853)	(96,415)	(85,870)	(72,466)	(62,661)	(51,852)
Total stockholders' (deficit) equity	(27,992)	(14,683)	(11,933)	(6,624)	(2,066)	9,701	17,743	26,744	$ 34,206
Total liabilities and stockholders' (deficit) equity	$ 100,862	98,591	102,757	104,747	130,052	131,852	141,209	144,152
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property held for lease, net of accumulated depreciation and impairment (Note 4)		53,581	54,352	52,801	50,278	42,195	45,935	52,288
Prepaid expenses and other current assets		6,777	6,485	5,737	8,515	4,630	4,646	2,400
Total current assets		99,227	102,408	103,487	128,634	128,399	137,835	140,890
Total assets		102,303	105,565	106,760	131,901	131,852	141,209	144,152
Accrued liabilities (Note 7)		15,747	14,588	14,040	14,532	11,972	10,914	10,369
Unearned revenue		2,124	1,988	2,002	1,552	1,497	1,623	2,036
Total current liabilities		18,903	17,854	17,901	42,730	16,789	14,728	15,261
Total liabilities		104,192	105,845	102,759	124,773	111,934	114,901	109,919
Accumulated deficit		(95,114)	(92,200)	(85,790)	(76,676)	(62,249)	(54,096)	(44,363)
Total stockholders' (deficit) equity		(1,889)	(280)	4,001	7,128	19,918	26,308	34,233	40,799
Total liabilities and stockholders' (deficit) equity		102,303	105,565	106,760	131,901	131,852	141,209	144,152
Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property held for lease, net of accumulated depreciation and impairment (Note 4)		(1,911)	(1,567)	(1,268)	(1,434)	0	0	0
Prepaid expenses and other current assets		(1,801)	(1,241)	(745)	(415)	0	0	0
Total current assets		(3,712)	(2,808)	(2,013)	(1,849)	0	0	0
Total assets		(3,712)	(2,808)	(2,013)	(1,849)	0	0	0
Accrued liabilities (Note 7)		6,451	6,214	5,981	4,714	4,820	4,224	3,759
Unearned revenue		2,631	2,631	2,631	2,631	2,515	2,515	2,515
Total current liabilities		9,082	8,845	8,612	7,345	7,335	6,739	6,274
Total liabilities		9,082	8,845	8,612	7,345	10,217	8,565	7,489
Accumulated deficit		(12,794)	(11,653)	(10,625)	(9,194)	(10,217)	(8,565)	(7,489)	$ (6,593)
Total stockholders' (deficit) equity		(12,794)	(11,653)	(10,625)	(9,194)	(10,217)	(8,565)	(7,489)
Total liabilities and stockholders' (deficit) equity		$ (3,712)	$ (2,808)	$ (2,013)	$ (1,849)	$ 0	$ 0	$ 0

Restatement of Previously Iss_5

Restatement of Previously Issued Consolidated Financial Statements - Consolidated Statement of Operations and Comprehensive Loss (Details) - USD ($) $ / shares in Units, $ 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
Error Corrections and Prior Period Adjustments Restatement [Line Items]
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
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
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
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)
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)
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)
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)
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)
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Rental revenue	$ 54,481	$ 53,874	$ 54,724	$ 49,260	$ 51,911	$ 58,903	$ 108,598	$ 110,815	$ 163,079	$ 160,075		$ 207,979
Total revenue	55,250	54,571	55,676	50,341	53,039	59,877	110,247	112,917	165,497	163,258		212,105
Cost of revenue	42,439	43,874	42,173	38,417	44,849	48,113	86,047	92,962	128,486	131,379		171,119
Gross profit	12,811	10,697	13,503	11,924	8,190	11,764	24,200	19,955	37,011	31,879		40,986
Professional and consulting fees	1,169	1,623	2,655	2,697	2,259	3,288	4,278	5,547	5,447	8,244		11,281
General and administrative	2,664	2,746	2,934	3,276	3,649	3,805	5,680	7,459	8,344	10,733		14,167
Litigation expense, net				0						0		0
Total operating expenses	12,111	13,679	15,769	16,590	16,387	16,575	29,448	32,964	41,559	49,554		66,092
Loss from operations	700	(2,982)	(2,266)	(4,666)	(8,197)	(4,811)	(5,248)	(13,009)	(4,548)	(17,675)		(25,106)
Interest expense and other fees	(4,264)	(4,098)	(5,189)	(4,018)	(3,794)	(3,801)	(9,287)	(7,594)	(13,551)	(11,612)		(19,998)
Loss before income taxes	(2,895)	(6,396)	(9,094)	(8,080)	(9,668)	(5,523)	(15,490)	(15,191)	(18,385)	(23,271)		(37,921)
Net loss	$ (2,914)	$ (6,410)	$ (9,114)	$ (8,153)	$ (9,733)	$ (5,558)	$ (15,524)	$ (15,291)	$ (18,438)	$ (23,444)		$ (37,871)
Net loss per common share - basic (in dollars per share)	$ (0.71)	$ (1.57)	$ (2.29)	$ (2.07)	$ (2.48)	$ (1.42)	$ (3.86)	$ (3.90)	$ (4.54)	$ (5.97)		$ (9.64)
Net loss per common share - diluted (in dollars per share)	$ (0.71)	$ (1.57)	$ (2.29)	$ (2.07)	$ (2.48)	$ (1.42)	$ (3.86)	$ (3.90)	$ (4.54)	$ (5.97)		$ (9.64)
Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Rental revenue	$ (439)	$ (435)	$ (593)	$ (596)	$ (465)	$ (661)	$ (1,028)	$ (1,126)	$ (1,467)	$ (1,722)		$ (2,608)
Total revenue	(439)	(435)	(593)	(596)	(465)	(661)	(1,028)	(1,126)	(1,467)	(1,722)		(2,608)
Cost of revenue	903	795	1,040	0	0	0	1,835	0	2,738	0		973
Gross profit	(1,342)	(1,230)	(1,633)	(596)	(465)	(661)	(2,863)	(1,126)	(4,205)	(1,722)		(3,581)
Professional and consulting fees	0	0	0	(375)	0	(367)	0	(367)	0	(742)		(742)
General and administrative	0	0	0	0	0	121	0	121	0	121		121
Litigation expense, net				375						375		375
Total operating expenses	(202)	(202)	(202)	0	0	(246)	(404)	(246)	(606)	(246)		(246)
Loss from operations	(1,140)	(1,028)	(1,431)	(596)	(465)	(415)	(2,459)	(880)	(3,599)	(1,476)		(3,335)
Interest expense and other fees	0	0	0	(1,056)	(611)	(481)	0	(1,092)	0	(2,148)		734
Loss before income taxes	(1,140)	(1,028)	(1,431)	(1,652)	(1,076)	(896)	(2,459)	(1,972)	(3,599)	(3,624)		(2,601)
Net loss	$ (1,140)	$ (1,028)	$ (1,431)	$ (1,652)	$ (1,076)	$ (896)	$ (2,459)	$ (1,972)	$ (3,599)	$ (3,624)		$ (2,601)
Net loss per common share - basic (in dollars per share)	$ (0.28)	$ (0.25)	$ (0.36)	$ (0.42)	$ (0.27)	$ (0.23)	$ (0.61)	$ (0.50)	$ (0.89)	$ (0.92)		$ (0.66)
Net loss per common share - diluted (in dollars per share)	$ (0.28)	$ (0.25)	$ (0.36)	$ (0.42)	$ (0.27)	$ (0.23)	$ (0.61)	$ (0.50)	$ (0.89)	$ (0.92)		$ (0.66)

Restatement of Previously Iss_6

Restatement of Previously Issued Consolidated Financial Statements - Consolidated Statement of Cash Flows (Details) - 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
Error Corrections and Prior Period Adjustments Restatement [Line Items]
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)
Depreciation and amortization			29,677			32,740	60,891	62,438	92,334	89,093	126,533	116,835
Net book value of property held for lease buyouts			6,747			10,020	13,296	19,040	19,365	24,783	25,784	30,576
Impairment on property held for lease expense			5,258			3,224	10,600	7,490	15,494	11,928	22,019	17,575
Amortization of debt discount			1,093			1,018	1,592	2,107	2,147	3,278	2,760	4,541
Property held for lease			(43,299)			(36,398)	(87,422)	(72,844)	(128,464)	(105,741)	(183,695)	(151,345)
Prepaid expenses and other current assets			3,109			1,970	2,858	(276)	3,125	(261)	3,610	(3,730)
Accrued liabilities			(594)			(1,150)	186	(140)	1,594	1,514	4,419	3,968
Unearned revenues			450			(99)	436	(512)	572	(638)	765	(467)
Net cash used in operating activities			(2,906)			3,741	(8,551)	(1,759)	(7,720)	(1,536)	$ (17,414)	(20,848)
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net loss	(2,914)	(6,410)	(9,114)	(8,153)	(9,733)	(5,558)	(15,524)	(15,291)	(18,438)	(23,444)		(37,871)
Depreciation and amortization			29,012			32,740	59,646	62,438	90,439	89,093		116,329
Net book value of property held for lease buyouts			6,452			10,020	12,921	19,040	18,909	24,783		30,505
Impairment on property held for lease expense			5,223			3,224	10,515	7,490	15,356	11,928		17,216
Amortization of debt discount			1,093			537	1,592	1,015	2,147	1,130		5,275
Property held for lease			(43,013)			(36,398)	(86,725)	(72,844)	(127,327)	(105,741)		(151,843)
Prepaid expenses and other current assets			2,778			1,849	2,030	(397)	1,738	(382)		(4,266)
Accrued liabilities			(985)			(1,444)	(437)	(899)	734	159		2,719
Unearned revenues			450			(99)	436	(512)	572	(638)		(583)
Net cash used in operating activities			(2,906)			3,741	(8,551)	(1,759)	(7,720)	(1,536)		(20,848)
Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net loss	$ (1,140)	$ (1,028)	(1,431)	$ (1,652)	$ (1,076)	(896)	(2,459)	(1,972)	(3,599)	(3,624)		(2,601)
Depreciation and amortization			665			0	1,245	0	1,895	0		506
Net book value of property held for lease buyouts			295			0	375	0	456	0		71
Impairment on property held for lease expense			35			0	85	0	138	0		359
Amortization of debt discount			0			481	0	1,092	0	2,148		(734)
Property held for lease			(286)			0	(697)	0	(1,137)	0		498
Prepaid expenses and other current assets			331			121	828	121	1,387	121		536
Accrued liabilities			391			294	623	759	860	1,355		1,249
Unearned revenues			0			0	0	0	0	0		116
Net cash used in operating activities			$ 0			$ 0	$ 0	$ 0	$ 0	$ 0		$ 0

Property Held for Lease, Net _3

Property Held for Lease, Net of Accumulated Depreciation and Impairment - Schedule of Property Held for Lease, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Leases [Abstract]
Property held for lease	$ 290,808				$ 296,351
Less: accumulated depreciation and impairment	(231,473)				(247,507)
Property held for lease, net	$ 59,335	$ 51,670	$ 52,785	$ 51,533	$ 48,844	$ 42,195	$ 45,935	$ 52,288

Property Held for Lease, Net _4

Property Held for Lease, Net of Accumulated Depreciation and Impairment - Schedule of Property Subject to or Available for Operating Lease, Cost of Revenue (Details) - 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
Leases [Abstract]
Depreciation expense related to property held for lease											$ 125,401	$ 116,102
Net book value of property held for lease buyouts			$ 6,747			$ 10,020	$ 13,296	$ 19,040	$ 19,365	$ 24,783	25,784	30,576
Impairment on property held for lease expense			5,258			3,224	10,600	7,490	15,494	11,928	22,019	17,575
Other											6,677	7,839
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

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,265				$ 1,245
Less: accumulated depreciation	(938)				(688)
Property and equipment, net	327	$ 427	$ 471	$ 514	557	$ 600	$ 636	$ 669
Computer, office and other equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	822				813
Computer software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	80				80
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	100				100
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 263				$ 252

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 250	$ 187

Capitalized Software and Inta_3

Capitalized Software and Intangible Assets, Net - Schedule of Capitalized Software and Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Capitalized software and intangible assets, gross	$ 3,561				$ 2,607
Less: accumulated amortization	(1,642)				(760)
Capitalized software and intangible assets, net	1,919	$ 2,060	$ 2,021	$ 1,994	1,847	$ 1,894	$ 1,687	$ 1,452
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Capitalized software and intangible assets, gross	3,545				2,591
Domain name
Finite-Lived Intangible Assets [Line Items]
Capitalized software and intangible assets, gross	$ 16				$ 16

Capitalized Software and Inta_4

Capitalized Software and Intangible Assets, Net - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 882	$ 545
Capitalized computer software, not yet placed in service	$ 581	$ 398

Capitalized Software and Inta_5

Capitalized Software and Intangible Assets, Net - Schedule of Future Amortization (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 784
2025	408
2026	130
Capitalized software and intangible assets, net	$ 1,322

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Other Liabilities Disclosure [Abstract]
Bonus accrual	$ 4,183				$ 2,376
Sales tax payable	14,527				11,172
Unfunded lease payable	3,578				3,283
Interest payable	140				118
Other accrued liabilities	1,718				2,297
Total accrued liabilities	$ 24,146	$ 22,198	$ 20,802	$ 20,021	$ 19,246	$ 16,792	$ 15,138	$ 14,128

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Apr. 01, 2023

Mar. 06, 2023

Mar. 05, 2023

Sep. 30, 2023

Jun. 30, 2023

Mar. 31, 2023

Jun. 30, 2023

Sep. 30, 2023

Dec. 31, 2023

Dec. 31, 2022

Dec. 05, 2023

May 09, 2022

Line of Credit Facility [Line Items]

Principal repayment on term loan

$ 25,000,000

$ 0

Loss on partial extinguishment of debt

$ 0

$ 2,391,000

Senior Secured Term Loan Facility Commitment | Senior Loans

Line of Credit Facility [Line Items]

Interest rate

17.90%

Principal repayment on term loan

$ 25,000,000

Number of shares called by warrants (in shares)

160,000

Paid-in-kind interest liquidity trigger amount

$ 25,000,000

Paid-in-kind interest rate

4.50%

Paid-in-kind interest rate if liquidity is less than $50000

Amortization expense

$ 2,760,000

4,541,000

Senior Secured Term Loan Facility Commitment | Senior Loans | Term Loan Warrants Issued March 2023

Line of Credit Facility [Line Items]

Number of shares called by warrants (in shares)

80,000

Exercise price (in dollars per share)

$ 0.25

Senior Secured Term Loan Facility Commitment | Senior Loans | Term Loan Warrants Issued December 2023

Line of Credit Facility [Line Items]

Number of shares called by warrants (in shares)

80,000

Exercise price (in dollars per share)

$ 0.25

Senior Secured Term Loan Facility Commitment | Secured Overnight Financing Rate SOFR | Senior Loans

Line of Credit Facility [Line Items]

Basis spread on variable rate

RLOC

Line of Credit Facility [Line Items]

Line of credit, principal amount

$ 60,744,000

$ 57,998,000

RLOC | First Revolving Line Of Credit, Refinanced

Line of Credit Facility [Line Items]

Line of credit, principal amount

$ 75,000,000

$ 125,000,000

RLOC | First Revolving Line Of Credit, Refinanced | Secured Overnight Financing Rate SOFR

Line of Credit Facility [Line Items]

Basis spread on variable rate

0.10%

8.50%

7.50%

Annual interest rate

13.90%

RLOC | Senior Secured Term Loan Facility Commitment | Secured Overnight Financing Rate SOFR

Line of Credit Facility [Line Items]

Basis spread on variable rate

0.10%

Debt - Schedule of Borrowings O

Debt - Schedule of Borrowings Outstanding (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Debt Instrument [Line Items]
Total carrying amount	$ 60,347	$ 60,397	$ 63,538	$ 60,905	$ 57,639	$ 49,783	$ 55,183	$ 48,105
RLOC \| First Revolving Line Of Credit, Refinanced
Debt Instrument [Line Items]
Principal balance	60,744				57,998
Less: Unamortized issuance costs	(397)				(359)
Total carrying amount	$ 60,347				$ 57,639

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal balance	$ 91,084	$ 111,783
Senior Loans \| Senior Secured Term Loan Facility Commitment
Debt Instrument [Line Items]
Principal balance	25,000	50,000
PIK	5,340	3,785
Less: Unamortized debt discount and issuance costs	(4,837)	(5,728)
Total carrying amount	$ 25,503	$ 48,057

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Lessee, Lease, Description [Line Items]
Right-of-use assets	$ 888	$ 772	$ 498	$ 574	$ 674	$ 868	$ 960	$ 1,050
Total present value of lease liabilities	911
Rent expense	$ 565	$ 532
Weighted average remaining lease term	5 years 2 months 12 days
Weighted average discount rate	12%
Building
Lessee, Lease, Description [Line Items]
Right-of-use assets	$ 471
Total present value of lease liabilities	$ 462

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 384
2025	275
2026	108
2027	111
2028	114
Thereafter	302
Total future minimum lease payments	1,294
Less: Interest	(383)
Total present value of lease liabilities	$ 911

Leases - Schedule of Lease Liab

Leases - Schedule of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Leases [Abstract]
Current portion of lease liabilities	$ 297	$ 297	$ 304	$ 343	$ 382	$ 419	$ 439	$ 426
Long-term lease liabilities, net of current portion	614	$ 218	$ 296	$ 372	$ 445	$ 515	$ 600	$ 715
Total lease liabilities	$ 911

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ in Thousands	12 Months Ended		39 Months Ended
	Dec. 31, 2023 USD ($) plan shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2023 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of plans \| plan	2
Reverse stock split	0.04
Stock-based compensation expense \| $	$ 7,034	$ 6,439
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized, period of recognition	1 year 10 months 24 days
RSU compensation cost not yet recognized \| $	$ 7,744		$ 7,744
Fair value of vested RSUs \| $	$ 1,830
2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	0
Shares exercised, intrinsic value \| $		$ 216
2014 Plan \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)			0
2014 Plan \| Minimum \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
2014 Plan \| Maximum \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
2014 Plan \| Nonemployee \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	0	0
2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	0	0
Compensation cost not yet recognized \| $	$ 469		$ 469
Compensation cost not yet recognized, period of recognition	10 months 24 days
2021 Plan \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock authorized for issuance (in shares)	517,286		517,286
Shares available for grant (in shares)	103,312		103,312
2021 Plan \| Minimum \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
2021 Plan \| Maximum \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
2014 Plan
Number of Options
Beginning balance (in shares) \| shares	322,900
Granted (in shares) \| shares	0
Exercised (in shares) \| shares	(120)
Forfeited (in shares) \| shares	(375)
Ending balance (in shares) \| shares	322,405	322,900
Exercisable (in shares) \| shares	322,232
Unvested (in shares) \| shares	173
Weighted- Average Exercise Price
Beginning balance (in dollars per share) \| $ / shares	$ 7.39
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	4.75
Forfeited (in dollars per share) \| $ / shares	87.50
Ending balance (in dollars per share) \| $ / shares	7.30	$ 7.39
Exercisable (in dollars per share) \| $ / shares	7.26
Unvested (in dollars per share) \| $ / shares	$ 0
Additional Disclosures
Options outstanding, weighted-average remaining contractual term	5 years 3 months 18 days	6 years 3 months 18 days
Weighted-average remaining contractual term, Exercisable	5 years 3 months 18 days
Weighted-average remaining contractual term, Unvested	5 years 3 months 18 days
Options outstanding, aggregate intrinsic value \| $	$ 1,539	$ 5,479
Aggregate intrinsic value, Exercisable \| $	1,539
Aggregate intrinsic value, Unvested \| $	$ 0
2021 Plan
Number of Options
Beginning balance (in shares) \| shares	13,865
Granted (in shares) \| shares	0	0
Exercised (in shares) \| shares	0
Forfeited (in shares) \| shares	0
Ending balance (in shares) \| shares	13,865	13,865
Exercisable (in shares) \| shares	10,687
Unvested (in shares) \| shares	3,178
Weighted- Average Exercise Price
Beginning balance (in dollars per share) \| $ / shares	$ 261.25
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	0
Ending balance (in dollars per share) \| $ / shares	261.25	$ 261.25
Exercisable (in dollars per share) \| $ / shares	261.25
Unvested (in dollars per share) \| $ / shares	$ 261.25
Additional Disclosures
Options outstanding, weighted-average remaining contractual term	7 years 6 months	8 years 6 months
Weighted-average remaining contractual term, Exercisable	7 years 6 months
Weighted-average remaining contractual term, Unvested	7 years 6 months
Options outstanding, aggregate intrinsic value \| $	$ 0	$ 0
Aggregate intrinsic value, Exercisable \| $	0
Aggregate intrinsic value, Unvested \| $	$ 0

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of RSU Activity (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Number of RSUs
Outstanding, beginning balance (in shares) \| shares	245,689
Granted (in shares) \| shares	187,737
Vested (in shares) \| shares	(116,969)
Forfeited (in shares) \| shares	(38,167)
Outstanding, ending balance (in shares) \| shares	278,290
Weighted Average Grant Date Fair Value
Outstanding, beginning balance (in dollars per share) \| $ / shares	$ 59.56
Granted (in dollars per share) \| $ / shares	20.16
Vested (in dollars per share) \| $ / shares	59.86
Forfeited (in dollars per share) \| $ / shares	50.76
Outstanding, ending balance (in dollars per share) \| $ / shares	$ 34.05

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Federal statutory rate	21%	21%
Effect of:
State taxes, net of federal tax benefit	6.30%	7%
Change in valuation allowance	(24.40%)	(29.40%)
Warrant remeasurement	0.50%	3.30%
Stock compensation	(3.60%)	(2.10%)
Permanent differences	(0.20%)	0%
Other, net	0%	0.30%
Effective tax rate	(0.40%)	0.10%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Accruals and reserves	$ 3,309	$ 677
Federal, state and local net operating loss carryforwards	32,441	33,038
Stock compensation	914	1,172
Section 163(j) interest carryforward	8,747	4,544
Lease liabilities	231	209
Total deferred tax asset before valuation allowance	45,642	39,640
Valuation allowance	(39,968)	(31,220)
Deferred tax asset - net of valuation allowance	5,674	8,420
Deferred tax liabilities:
Right-of-use assets	(224)	(195)
Depreciation & amortization	(5,450)	(8,225)
Total deferred tax liabilities	(5,674)	(8,420)
Net deferred tax asset (liability)	$ 0	$ 0

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforward	$ 127,800	$ 134,100
Operating loss carryforwards subject to expiration	27,300
Operating loss carryforwards not subject to expiration	100,500
State and local
Operating Loss Carryforwards [Line Items]
Operating loss carryforward	$ 94,100	$ 86,000

Net Loss Per Share - Narrative

Net Loss Per Share - Narrative (Details) - Senior Secured Term Loan Facility Commitment - Senior Loans - $ / shares	Dec. 05, 2023	Mar. 06, 2023
Class of Warrant or Right [Line Items]
Number of shares called by warrants (in shares)		160,000
Term Loan Warrants Issued March 2023
Class of Warrant or Right [Line Items]
Number of shares called by warrants (in shares)		80,000
Exercise price (in dollars per share)		$ 0.25
Term Loan Warrants Issued December 2023
Class of Warrant or Right [Line Items]
Number of shares called by warrants (in shares)	80,000
Exercise price (in dollars per share)	$ 0.25

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Antidilutive Securities (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	1,127,860	1,090,795
Public warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	500,000	500,000
Private warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	13,300	13,300
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	336,270	337,335
Unvested restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	278,290	240,160

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands			3 Months Ended	9 Months Ended	12 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Aug. 27, 2021 officer board_member	Apr. 09, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Termination fee		$ 100
Accrued litigation settlement (Note 13)					$ 12,000	$ 0
Litigation insurance reimbursement receivable (Note 13)					5,000	0
Litigation expense, net			$ 375	$ 375	7,000	$ 375
McIntosh v. Katapult Holdings, Inc., et all \| Settled Litigation
Loss Contingencies [Line Items]
Accrued litigation settlement (Note 13)					12,000
Litigation expense, net					7,000
Estimated insurance reimbursement					5,000
Legacy Katapult \| McIntosh v. Katapult Holdings, Inc., et all \| Officer \| Settled Litigation
Loss Contingencies [Line Items]
Number of defendants \| officer	3
Number of defendants dismissed \| board_member	2
FinServ \| McIntosh v. Katapult Holdings, Inc., et all \| Officer \| Settled Litigation
Loss Contingencies [Line Items]
Number of defendants \| officer	2
Litigation insurance reimbursement receivable (Note 13)					$ 5,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt, principal amount	$ 91,084	$ 111,783
Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt, principal amount	30,340	53,785
Senior Loans \| Senior Secured Term Loan Facility Commitment
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt, principal amount	25,000	50,000
PIK	5,340	3,785
RLOC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
RLOC, principal amount	60,744	57,998
Carrying amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term loan	25,503	48,057
Debt	85,850	105,696
Carrying amount \| RLOC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
RLOC	60,347	57,639
Fair value \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term loan	33,900	56,828
Debt	98,531	115,536
Fair value \| RLOC \| Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
RLOC	$ 64,631	$ 58,708

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Liabilities Measured on a Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liability - Public (Level 1) & Private Warrants (Level 3)	$ 95	$ 902
Total Other Liabilities	95	902
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liability - Public (Level 1) & Private Warrants (Level 3)	93	875
Total Other Liabilities	93	875
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liability - Public (Level 1) & Private Warrants (Level 3)	0	0
Total Other Liabilities	0	0
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liability - Public (Level 1) & Private Warrants (Level 3)	2	27
Total Other Liabilities	$ 2	$ 27

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Level 3 Liability Activity (Details) - Level 3 - Fair Value, Recurring - Warrants issued in connection with 15th amendment to Credit Agreement $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 902
Changes in fair value	(807)
Ending balance	$ 95

Restatement of Unaudited Quar_3

Restatement of Unaudited Quarterly Results (Unaudited) - Narrative (Details) - 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
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease in 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)
Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease in compensation costs	202	202	202	$ 0	$ 0	$ 0	$ 404	$ 0	$ 606	$ 0
Bonus Accrual \| Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease in compensation costs	$ 201	$ 201	$ 201

Restatement of Unaudited Quar_4

Restatement of Unaudited Quarterly Results (Unaudited) - Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 21,408	$ 32,187	$ 38,228	$ 40,552	$ 65,430	$ 77,162	$ 85,025	$ 80,625
Restricted cash	7,403	6,682	3,343	4,397	4,411	4,412	2,229	5,577
Property held for lease, net of accumulated depreciation and impairment	59,335	51,670	52,785	51,533	48,844	42,195	45,935	52,288
Prepaid expenses and other current assets	4,491	4,976	5,244	4,992	8,100	4,630	4,646	2,400
Total current assets	97,637	95,515	99,600	101,474	126,785	128,399	137,835	140,890
Property and equipment, net (Note 5)	327	427	471	514	557	600	636	669
Security deposits	91	91	91	91	91	91	91	91
Capitalized software and intangible assets, net	1,919	2,060	2,021	1,994	1,847	1,894	1,687	1,452
Right-of-use assets	888	498	574	674	772	868	960	1,050
Total assets	100,862	98,591	102,757	104,747	130,052	131,852	141,209	144,152
Current liabilities:
Accounts payable	903	735	974	1,516	1,264	2,901	1,752	2,430
Accrued liabilities (Note 7)	24,146	22,198	20,802	20,021	19,246	16,792	15,138	14,128
Unearned revenue	4,949	4,755	4,619	4,633	4,183	4,012	4,138	4,551
Lease liabilities (Note 9)	297	297	304	343	382	419	439	426
Total current liabilities	42,295	27,985	26,699	26,513	50,075	24,124	21,467	21,535
Revolving line of credit, net (Note 8)	60,347	60,397	63,538	60,905	57,639	49,783	55,183	48,105
Term loan, net, non-current (Note 8)	25,503	24,543	23,644	22,811	23,057	46,181	44,287	42,801
Other liabilities	95	131	513	770	902	1,548	1,929	4,252
Lease liabilities, non-current (Note 9)	614	218	296	372	445	515	600	715
Total liabilities	128,854	113,274	114,690	111,371	132,118	122,151	123,466	117,408
STOCKHOLDERS' (DEFICIT) EQUITY
Common stock	0	0	0	0	0	0	0	0
Additional paid-in capital	94,544	93,225	91,920	89,791	83,804	82,167	80,404	78,596
Accumulated deficit	(122,536)	(107,908)	(103,853)	(96,415)	(85,870)	(72,466)	(62,661)	(51,852)
Total stockholders' (deficit) equity	(27,992)	(14,683)	(11,933)	(6,624)	(2,066)	9,701	17,743	26,744	$ 34,206
Total liabilities and stockholders' (deficit) equity	$ 100,862	98,591	102,757	104,747	130,052	131,852	141,209	144,152
As Previously Reported
Current assets:
Cash and cash equivalents		32,187	38,228	40,552		77,162	85,025	80,625
Restricted cash		6,682	3,343	4,397		4,412	2,229	5,577
Property held for lease, net of accumulated depreciation and impairment		53,581	54,352	52,801	50,278	42,195	45,935	52,288
Prepaid expenses and other current assets		6,777	6,485	5,737	8,515	4,630	4,646	2,400
Total current assets		99,227	102,408	103,487	128,634	128,399	137,835	140,890
Property and equipment, net (Note 5)		427	471	514		600	636	669
Security deposits		91	91	91		91	91	91
Capitalized software and intangible assets, net		2,060	2,021	1,994		1,894	1,687	1,452
Right-of-use assets		498	574	674		868	960	1,050
Total assets		102,303	105,565	106,760	131,901	131,852	141,209	144,152
Current liabilities:
Accounts payable		735	974	1,516		2,901	1,752	2,430
Accrued liabilities (Note 7)		15,747	14,588	14,040	14,532	11,972	10,914	10,369
Unearned revenue		2,124	1,988	2,002	1,552	1,497	1,623	2,036
Lease liabilities (Note 9)		297	304	343		419	439	426
Total current liabilities		18,903	17,854	17,901	42,730	16,789	14,728	15,261
Revolving line of credit, net (Note 8)		60,397	63,538	60,905		49,783	55,183	48,105
Term loan, net, non-current (Note 8)		24,543	23,644	22,811		43,299	42,461	41,586
Other liabilities		131	513	770		1,548	1,929	4,252
Lease liabilities, non-current (Note 9)		218	296	372		515	600	715
Total liabilities		104,192	105,845	102,759	124,773	111,934	114,901	109,919
STOCKHOLDERS' (DEFICIT) EQUITY
Common stock		0	0	0		0	0	0
Additional paid-in capital		93,225	91,920	89,791		82,167	80,404	78,596
Accumulated deficit		(95,114)	(92,200)	(85,790)	(76,676)	(62,249)	(54,096)	(44,363)
Total stockholders' (deficit) equity		(1,889)	(280)	4,001	7,128	19,918	26,308	34,233	40,799
Total liabilities and stockholders' (deficit) equity		102,303	105,565	106,760	131,901	131,852	141,209	144,152
Restatement Adjustments
Current assets:
Cash and cash equivalents		0	0	0		0	0	0
Restricted cash		0	0	0		0	0	0
Property held for lease, net of accumulated depreciation and impairment		(1,911)	(1,567)	(1,268)	(1,434)	0	0	0
Prepaid expenses and other current assets		(1,801)	(1,241)	(745)	(415)	0	0	0
Total current assets		(3,712)	(2,808)	(2,013)	(1,849)	0	0	0
Property and equipment, net (Note 5)		0	0	0		0	0	0
Security deposits		0	0	0		0	0	0
Capitalized software and intangible assets, net		0	0	0		0	0	0
Right-of-use assets		0	0	0		0	0	0
Total assets		(3,712)	(2,808)	(2,013)	(1,849)	0	0	0
Current liabilities:
Accounts payable		0	0	0		0	0	0
Accrued liabilities (Note 7)		6,451	6,214	5,981	4,714	4,820	4,224	3,759
Unearned revenue		2,631	2,631	2,631	2,631	2,515	2,515	2,515
Lease liabilities (Note 9)		0	0	0		0	0	0
Total current liabilities		9,082	8,845	8,612	7,345	7,335	6,739	6,274
Revolving line of credit, net (Note 8)		0	0	0		0	0	0
Term loan, net, non-current (Note 8)		0	0	0		2,882	1,826	1,215
Other liabilities		0	0	0		0	0	0
Lease liabilities, non-current (Note 9)		0	0	0		0	0	0
Total liabilities		9,082	8,845	8,612	7,345	10,217	8,565	7,489
STOCKHOLDERS' (DEFICIT) EQUITY
Common stock		0	0	0		0	0	0
Additional paid-in capital		0	0	0		0	0	0
Accumulated deficit		(12,794)	(11,653)	(10,625)	(9,194)	(10,217)	(8,565)	(7,489)	$ (6,593)
Total stockholders' (deficit) equity		(12,794)	(11,653)	(10,625)	(9,194)	(10,217)	(8,565)	(7,489)
Total liabilities and stockholders' (deficit) equity		$ (3,712)	$ (2,808)	$ (2,013)	$ (1,849)	$ 0	$ 0	$ 0

Restatement of Unaudited Quar_5

Restatement of Unaudited Quarterly Results (Unaudited) - Condensed Consolidated Statement of Operations and Comprehensive Loss (Details) - USD ($) $ / shares in Units, $ 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)
As Previously Reported
Revenue
Rental revenue	$ 54,481	$ 53,874	$ 54,724	$ 49,260	$ 51,911	$ 58,903	$ 108,598	$ 110,815	$ 163,079	$ 160,075		$ 207,979
Other revenue	769	697	952	1,081	1,128	974	1,649	2,102	2,418	3,183
Total revenue	55,250	54,571	55,676	50,341	53,039	59,877	110,247	112,917	165,497	163,258		212,105
Cost of revenue	42,439	43,874	42,173	38,417	44,849	48,113	86,047	92,962	128,486	131,379		171,119
Gross profit	12,811	10,697	13,503	11,924	8,190	11,764	24,200	19,955	37,011	31,879		40,986
Operating expenses:
Servicing costs	1,100	1,103	990	1,025	1,131	1,207	2,093	2,337	3,193	3,362
Underwriting fees	422	480	468	419	423	488	948	910	1,370	1,330
Professional and consulting fees	1,169	1,623	2,655	2,697	2,259	3,288	4,278	5,547	5,447	8,244		11,281
Technology and data analytics	1,639	1,959	1,665	2,421	2,455	2,410	3,624	4,864	5,263	7,286
Compensation costs	5,117	5,768	7,057	6,752	6,470	5,377	12,825	11,847	17,942	18,599
General and administrative	2,664	2,746	2,934	3,276	3,649	3,805	5,680	7,459	8,344	10,733		14,167
Litigation expense, net				0						0		0
Total operating expenses	12,111	13,679	15,769	16,590	16,387	16,575	29,448	32,964	41,559	49,554		66,092
Loss from operations	700	(2,982)	(2,266)	(4,666)	(8,197)	(4,811)	(5,248)	(13,009)	(4,548)	(17,675)		(25,106)
Loss on partial extinguishment of debt	0	0	(2,391)				(2,391)		(2,391)
Interest expense and other fees	(4,264)	(4,098)	(5,189)	(4,018)	(3,794)	(3,801)	(9,287)	(7,594)	(13,551)	(11,612)		(19,998)
Interest income	287	427	620	223			1,047		1,334	223
Change in fair value of warrant liability	382	257	132	381	2,323	3,089	389	5,412	771	5,793
Loss before income taxes	(2,895)	(6,396)	(9,094)	(8,080)	(9,668)	(5,523)	(15,490)	(15,191)	(18,385)	(23,271)		(37,921)
(Provision) benefit for income taxes	(19)	(14)	(20)	(73)	(65)	(35)	(34)	(100)	(53)	(173)
Net loss	$ (2,914)	$ (6,410)	$ (9,114)	$ (8,153)	$ (9,733)	$ (5,558)	$ (15,524)	$ (15,291)	$ (18,438)	$ (23,444)		$ (37,871)
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
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
Net loss per common share - basic (in dollars per share)	$ (0.71)	$ (1.57)	$ (2.29)	$ (2.07)	$ (2.48)	$ (1.42)	$ (3.86)	$ (3.90)	$ (4.54)	$ (5.97)		$ (9.64)
Net loss per common share - diluted (in dollars per share)	$ (0.71)	$ (1.57)	$ (2.29)	$ (2.07)	$ (2.48)	$ (1.42)	$ (3.86)	$ (3.90)	$ (4.54)	$ (5.97)		$ (9.64)
Restatement Adjustments
Revenue
Rental revenue	$ (439)	$ (435)	$ (593)	$ (596)	$ (465)	$ (661)	$ (1,028)	$ (1,126)	$ (1,467)	$ (1,722)		$ (2,608)
Other revenue	0	0	0	0	0	0	0	0	0	0
Total revenue	(439)	(435)	(593)	(596)	(465)	(661)	(1,028)	(1,126)	(1,467)	(1,722)		(2,608)
Cost of revenue	903	795	1,040	0	0	0	1,835	0	2,738	0		973
Gross profit	(1,342)	(1,230)	(1,633)	(596)	(465)	(661)	(2,863)	(1,126)	(4,205)	(1,722)		(3,581)
Operating expenses:
Servicing costs	0	0	0	0	0	0	0	0	0	0
Underwriting fees	0	0	0	0	0	0	0	0	0	0
Professional and consulting fees	0	0	0	(375)	0	(367)	0	(367)	0	(742)		(742)
Technology and data analytics	0	0	0	0	0	0	0	0	0	0
Compensation costs	(202)	(202)	(202)	0	0	0	(404)	0	(606)	0
General and administrative	0	0	0	0	0	121	0	121	0	121		121
Litigation expense, net				375						375		375
Total operating expenses	(202)	(202)	(202)	0	0	(246)	(404)	(246)	(606)	(246)		(246)
Loss from operations	(1,140)	(1,028)	(1,431)	(596)	(465)	(415)	(2,459)	(880)	(3,599)	(1,476)		(3,335)
Loss on partial extinguishment of debt	0	0	0				0		0
Interest expense and other fees	0	0	0	(1,056)	(611)	(481)	0	(1,092)	0	(2,148)		734
Interest income	0	0	0	0			0		0	0
Change in fair value of warrant liability	0	0	0	0	0	0	0	0	0	0
Loss before income taxes	(1,140)	(1,028)	(1,431)	(1,652)	(1,076)	(896)	(2,459)	(1,972)	(3,599)	(3,624)		(2,601)
(Provision) benefit for income taxes	0	0	0	0	0	0	0	0	0	0
Net loss	$ (1,140)	$ (1,028)	$ (1,431)	$ (1,652)	$ (1,076)	$ (896)	$ (2,459)	$ (1,972)	$ (3,599)	$ (3,624)		$ (2,601)
Weighted average common share outstanding - basic (in shares)	0	0	0	0	0	0	0	0	0	0
Weighted average common share outstanding - diluted (in shares)	0	0	0	0	0	0	0	0	0	0
Net loss per common share - basic (in dollars per share)	$ (0.28)	$ (0.25)	$ (0.36)	$ (0.42)	$ (0.27)	$ (0.23)	$ (0.61)	$ (0.50)	$ (0.89)	$ (0.92)		$ (0.66)
Net loss per common share - diluted (in dollars per share)	$ (0.28)	$ (0.25)	$ (0.36)	$ (0.42)	$ (0.27)	$ (0.23)	$ (0.61)	$ (0.50)	$ (0.89)	$ (0.92)		$ (0.66)

Restatement of Unaudited Quar_6

Restatement of Unaudited Quarterly Results (Unaudited) - Condensed Consolidated Statement of Cash Flow (Details) - 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
Cash flows from operating activities:
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)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			29,677			32,740	60,891	62,438	92,334	89,093	126,533	116,835
Net book value of property held for lease buyouts			6,747			10,020	13,296	19,040	19,365	24,783	25,784	30,576
Impairment on property held for lease expense			5,258			3,224	10,600	7,490	15,494	11,928	22,019	17,575
Change in fair value of warrants liability	(382)	(257)	(132)	(381)	(2,323)	(3,089)	(389)	(5,412)	(771)	(5,793)	(807)	(6,439)
Stock-based compensation			2,090			1,089	4,303	2,946	5,678	4,753	7,034	6,439
Loss on partial extinguishment of debt	0	0	2,391				2,391		2,391		2,391	0
Amortization of debt discount			1,093			1,018	1,592	2,107	2,147	3,278	2,760	4,541
Amortization of debt issuance costs, net			81			91	145	181	211	271	277	361
Accrued PIK Interest			530			388	864	785	1,208	1,508	1,555	2,121
Amortization of right-of-use assets			98			89	198	179	274	271	355	367
Change in operating assets and liabilities:
Property held for lease			(43,299)			(36,398)	(87,422)	(72,844)	(128,464)	(105,741)	(183,695)	(151,345)
Prepaid expenses and other current assets			3,109			1,970	2,858	(276)	3,125	(261)	3,610	(3,730)
Litigation insurance reimbursement receivable							0				(5,000)	0
Accounts payable			252			401	(290)	(277)	(529)	872	(361)	(765)
Accrued liabilities			(594)			(1,150)	186	(140)	1,594	1,514	4,419	3,968
Lease liabilities			(112)			(99)	(227)	(201)	(312)	(306)	(387)	(413)
Unearned revenues			450			(99)	436	(512)	572	(638)	765	(467)
Net cash used in operating activities			(2,906)			3,741	(8,551)	(1,759)	(7,720)	(1,536)	(17,414)	(20,848)
Cash flows from investing activities:
Purchases of property and equipment			(4)			(139)		(153)	(10)	(164)	(20)	(168)
Additions to capitalized software			(297)			(472)	(519)	(845)	(753)	(1,203)	(954)	(1,337)
Net cash used in investing activities			(301)			(611)	(519)	(998)	(763)	(1,367)	(974)	(1,505)
Cash flows from financing activities:
Proceeds from revolving line of credit			4,350				9,380	9,935	10,916	9,935	14,297	18,517
Principal repayments on revolving line of credit			(872)			(13,224)	(3,311)	(16,171)	(8,054)	(21,661)	(11,551)	(22,477)
Principal repayment on term loan			(25,000)				(25,000)		(25,000)		(25,000)	0
Payments of deferred financing costs							22		34		34	0
Repurchases of restricted stock			(163)			(195)	(247)	(244)	(317)	(293)	(355)	(344)
Proceeds from exercise of stock options						60		60		65	1	67
Net cash used in financing activities			(21,685)			(13,359)	(19,200)	(6,420)	(22,489)	(11,954)	(22,642)	(4,237)
Net decrease in cash, cash equivalents and restricted cash			(24,892)			(10,229)	(28,270)	(9,177)	(30,972)	(14,857)	(41,030)	(26,590)
Cash, cash equivalents and restricted cash at beginning of period	41,571	44,949	69,841	87,254	86,202	96,431	69,841	96,431	69,841	96,431	69,841	96,431
Cash, cash equivalents and restricted cash at end of period	38,869	41,571	44,949	81,574	87,254	86,202	41,571	87,254	38,869	81,574	28,811	69,841
As Previously Reported
Cash flows from operating activities:
Net loss	(2,914)	(6,410)	(9,114)	(8,153)	(9,733)	(5,558)	(15,524)	(15,291)	(18,438)	(23,444)		(37,871)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			29,012			32,740	59,646	62,438	90,439	89,093		116,329
Net book value of property held for lease buyouts			6,452			10,020	12,921	19,040	18,909	24,783		30,505
Impairment on property held for lease expense			5,223			3,224	10,515	7,490	15,356	11,928		17,216
Change in fair value of warrants liability	(382)	(257)	(132)	(381)	(2,323)	(3,089)	(389)	(5,412)	(771)	(5,793)
Stock-based compensation			2,090			1,089	4,303	2,946	5,678	4,753
Loss on partial extinguishment of debt	0	0	2,391				2,391		2,391
Amortization of debt discount			1,093			537	1,592	1,015	2,147	1,130		5,275
Amortization of debt issuance costs, net			81			91	145	181	211	271
Accrued PIK Interest			530			388	864	785	1,208	1,508
Amortization of right-of-use assets			98			89	198	179	274	271
Change in operating assets and liabilities:
Property held for lease			(43,013)			(36,398)	(86,725)	(72,844)	(127,327)	(105,741)		(151,843)
Prepaid expenses and other current assets			2,778			1,849	2,030	(397)	1,738	(382)		(4,266)
Litigation insurance reimbursement receivable							0
Accounts payable			252			401	(290)	(277)	(529)	872
Accrued liabilities			(985)			(1,444)	(437)	(899)	734	159		2,719
Lease liabilities			(112)			(99)	(227)	(201)	(312)	(306)
Unearned revenues			450			(99)	436	(512)	572	(638)		(583)
Net cash used in operating activities			(2,906)			3,741	(8,551)	(1,759)	(7,720)	(1,536)		(20,848)
Cash flows from investing activities:
Purchases of property and equipment			(4)			(139)		(153)	(10)	(164)
Additions to capitalized software			(297)			(472)	(519)	(845)	(753)	(1,203)
Net cash used in investing activities			(301)			(611)	(519)	(998)	(763)	(1,367)
Cash flows from financing activities:
Proceeds from revolving line of credit			4,350				9,380	9,935	10,916	9,935
Principal repayments on revolving line of credit			(872)			(13,224)	(3,311)	(16,171)	(8,054)	(21,661)
Principal repayment on term loan			(25,000)				(25,000)		(25,000)
Payments of deferred financing costs							22		34
Repurchases of restricted stock			(163)			(195)	(247)	(244)	(317)	(293)
Proceeds from exercise of stock options						60		60		65
Net cash used in financing activities			(21,685)			(13,359)	(19,200)	(6,420)	(22,489)	(11,954)
Net decrease in cash, cash equivalents and restricted cash			(24,892)			(10,229)	(28,270)	(9,177)	(30,972)	(14,857)
Cash, cash equivalents and restricted cash at beginning of period	41,571	44,949	69,841	87,254	86,202	96,431	69,841	96,431	69,841	96,431	69,841	96,431
Cash, cash equivalents and restricted cash at end of period	38,869	41,571	44,949	81,574	87,254	86,202	41,571	87,254	38,869	81,574		69,841
Restatement Adjustments
Cash flows from operating activities:
Net loss	(1,140)	(1,028)	(1,431)	(1,652)	(1,076)	(896)	(2,459)	(1,972)	(3,599)	(3,624)		(2,601)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			665			0	1,245	0	1,895	0		506
Net book value of property held for lease buyouts			295			0	375	0	456	0		71
Impairment on property held for lease expense			35			0	85	0	138	0		359
Change in fair value of warrants liability	0	0	0	0	0	0	0	0	0	0
Stock-based compensation			0			0	0	0	0	0
Loss on partial extinguishment of debt	0	0	0				0		0
Amortization of debt discount			0			481	0	1,092	0	2,148		(734)
Amortization of debt issuance costs, net			0			0	0	0	0	0
Accrued PIK Interest			0			0	0	0	0	0
Amortization of right-of-use assets			0			0	0	0	0	0
Change in operating assets and liabilities:
Property held for lease			(286)			0	(697)	0	(1,137)	0		498
Prepaid expenses and other current assets			331			121	828	121	1,387	121		536
Litigation insurance reimbursement receivable							0
Accounts payable			0			0		0		0
Accrued liabilities			391			294	623	759	860	1,355		1,249
Lease liabilities			0			0	0	0	0	0
Unearned revenues			0			0	0	0	0	0		116
Net cash used in operating activities			0			0	0	0	0	0		0
Cash flows from investing activities:
Purchases of property and equipment			0			0		0	0	0
Additions to capitalized software			0			0	0	0	0	0
Net cash used in investing activities			0			0	0	0	0	0
Cash flows from financing activities:
Proceeds from revolving line of credit			0				0	0	0	0
Principal repayments on revolving line of credit			0			0	0	0	0	0
Principal repayment on term loan			0				0		0
Payments of deferred financing costs							0		0
Repurchases of restricted stock			0			0	0	0	0	0
Proceeds from exercise of stock options						0		0		0
Net cash used in financing activities			0			0	0	0	0	0
Net decrease in cash, cash equivalents and restricted cash			0			0	0	0	0	0
Cash, cash equivalents and restricted cash at beginning of period	0	0	0	0	0	0	0	0	0	0	$ 0	0
Cash, cash equivalents and restricted cash at end of period	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0		$ 0

Restatement of Unaudited Quar_7

Restatement of Unaudited Quarterly Results (Unaudited) - Consolidated Statement of Stockholders' (Deficit) Equity (Details) - 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
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance (in shares)			3,943,423				3,943,423		3,943,423		3,943,423
Beginning balance	$ (11,933)	$ (6,624)	$ (2,066)	$ 17,743	$ 26,744	$ 34,206	$ (2,066)	$ 34,206	$ (2,066)	$ 34,206	$ (2,066)	$ 34,206
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)
Ending balance (in shares)											4,072,713	3,943,423
Ending balance	(14,683)	(11,933)	(6,624)	9,701	17,743	26,744	(11,933)	17,743	(14,683)	9,701	$ (27,992)	$ (2,066)
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance	(280)	4,001	7,128	26,308	34,233	40,799	7,128	40,799	7,128	40,799	$ 7,128	40,799
Net loss	(2,914)	(6,410)	(9,114)	(8,153)	(9,733)	(5,558)	(15,524)	(15,291)	(18,438)	(23,444)		(37,871)
Ending balance	(1,889)	(280)	4,001	19,918	26,308	34,233	$ (280)	26,308	$ (1,889)	19,918		7,128
Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance						(6,593)		$ (6,593)		$ (6,593)		$ (6,593)
Net loss	$ (12,794)	$ (11,653)	$ (10,625)	$ (10,217)	$ (8,565)	$ (7,489)
Common Stock
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance (in shares)	4,021,000	3,982,000	3,944,000	3,933,000	3,925,000	3,903,000	3,944,000	3,903,000	3,944,000	3,903,000	3,944,000	3,903,000
Beginning balance	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Ending balance (in shares)	4,065,000	4,021,000	3,982,000	3,937,000	3,933,000	3,925,000	4,021,000	3,933,000	4,065,000	3,937,000	4,074,000	3,944,000
Ending balance	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Common Stock \| As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance (in shares)	4,021,000	3,982,000		3,933,000	3,925,000	3,903,000		3,903,000		3,903,000		3,903,000
Beginning balance	$ 0	$ 0		$ 0	$ 0	$ 0		$ 0		$ 0		$ 0
Ending balance (in shares)	4,065,000	4,021,000	3,982,000	3,937,000	3,933,000	3,925,000	4,021,000	3,933,000	4,065,000	3,937,000
Ending balance	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Additional Paid-in Capital
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance	91,920	89,791	83,804	80,404	78,596	77,642	83,804	77,642	83,804	77,642	83,804	77,642
Ending balance	93,225	91,920	89,791	82,167	80,404	78,596	91,920	80,404	93,225	82,167	94,544	83,804
Additional Paid-in Capital \| As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance	91,920	89,791		80,404	78,596	77,642		77,642		77,642		77,642
Ending balance	93,225	91,920	89,791	82,167	80,404	78,596	91,920	80,404	93,225	82,167
Accumulated Deficit
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance	(103,853)	(96,415)	(85,870)	(62,661)	(51,852)	(43,436)	(85,870)	(43,436)	(85,870)	(43,436)	(85,870)	(43,436)
Net loss											(36,666)	(40,472)
Ending balance	(107,908)	(103,853)	(96,415)	(72,466)	(62,661)	(51,852)	(103,853)	(62,661)	(107,908)	(72,466)	$ (122,536)	(85,870)
Accumulated Deficit \| As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance	(92,200)	(85,790)		(54,096)	(44,363)	(36,843)		(36,843)		(36,843)		(36,843)
Ending balance	(95,114)	(92,200)	(85,790)	(62,249)	(54,096)	(44,363)	$ (92,200)	(54,096)	$ (95,114)	(62,249)
Accumulated Deficit \| Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Beginning balance						(6,593)		$ (6,593)		$ (6,593)		$ (6,593)
Net loss	$ (12,794)	$ (11,653)	$ (10,625)	$ (10,217)	$ (8,565)	$ (7,489)

Uncategorized Items - kplt-2023

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-02 [Member]