10-K/A Filing

Beachbody Company, Inc. CIK: 1826889 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001213900-21-024207`
Period End Date	20201231
Filing Date	20210503
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	frx-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 29 Income Statement 8 Cash Flow Statement 25 Stockholders Equity 11

Balance Sheet 29 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid assets	`OtherAssetsCurrent`	$294.38K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.48M	USD	Point-in-time
Marketable Securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$300.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Assets	`Assets`	$301.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$409.90K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayables`	$54.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$464.05K	USD	Point-in-time
Warrant liabilities	`OtherLiabilitiesNoncurrent`	$28.13M	USD	Point-in-time
Warrant liabilities	`OtherLiabilitiesNoncurrent`	$31.74M	USD	Point-in-time
Deferred underwriters discount payable	`DeferredCompensationLiabilityClassifiedNoncurrent`	$10.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.70M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption, 25,377,874 shares at redemption value	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$253.78M	USD	Point-in-time
Class A common stock subject to possible redemption, 25,377,874 shares at redemption value	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$257.89M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$301.48M	USD	Point-in-time

Income Statement 8 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$531.40K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-531.40K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.61M	USD	1 Quarter
Offering cost associated with warrants recorded as liabilities	`OfferingCostAssociatedWithWarrantsRecordedAsLiabilities`	$980.89K	USD	1 Quarter
Loss on sale of private placement warrants	`LossOnSaleOfPrivatePlacementWarrants`	$2.80M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-7.39M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.92M	USD	1 Quarter

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-7.92M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.61M	USD	1 Quarter
Loss on sale of private placement warrants	`LossOnSaleOfPrivatePlacementWarrants`	$2.80M	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidExpense`	$294.38K	USD	1 Quarter
Franchise tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$54.15K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$409.90K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.34M	USD	1 Quarter
Investment of cash into trust account	`PaymentsToAcquireInvestments`	$300.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-300.00M	USD	1 Quarter
Proceeds from Initial Public Offering, net of underwriters discount	`ProceedsFromIssuanceInitialPublicOffering`	$294.98M	USD	1 Quarter
Proceeds from private placement warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	1 Quarter
Proceeds from Promissory note	`ProceedsFromNotesPayable`	$141.88K	USD	1 Quarter
Repayment of Promissory note	`RepaymentsOfNotesPayable`	$141.88K	USD	1 Quarter
Proceeds from issuance of founder shares	`ProceedsFromIssuanceOfFounderShares`	$25.00K	USD	1 Quarter
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	$479.44K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$302.53M	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.18M	USD	1 Quarter
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Initial value of Class A common stock subject to possible redemption	`InitialValueOfClassACommonStockSubjectToPossibleRedemption`	$257.89M	USD	1 Quarter
Change in value of Class A common stock subject to possible redemption	`ChangeInValueOfClassACommonStockSubjectToPossibleRedemption`	$-4.11M	USD	1 Quarter
Initial classification of warrant liabilities	`InitialClassificationOfWarrantLiability`	$28.13M	USD	1 Quarter
Deferred underwriters discount payable charged to additional paid-in capital	`DeferredUnderwritersDiscountPayableChargedToAdditionalPaidinCapital`	$10.50M	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Class B common stock issued to Sponsor	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	1 Quarter
Sale of Units in Initial Public Offering net of underwriter discount and offering cost less fair value of public warrants	`SaleOfUnitsInInitialPublicOfferingNetOfUnderwriterDiscountAndOfferingCost`	$266.67M	USD	1 Quarter
Forfeiture of 3,750 shares by initial stockholders	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Class A common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$253.78M	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.92M	USD	1 Quarter
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.