10-Q Filing

Beachbody Company, Inc. CIK: 1826889 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-026760`
Period End Date	20210331
Filing Date	20210517
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	frx-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 7 Cash Flow Statement 14 Stockholders Equity 6

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$730.43K	USD	Point-in-time
Prepaid expenses	`OtherAssetsCurrent`	$294.38K	USD	Point-in-time
Prepaid expenses	`OtherAssetsCurrent`	$254.93K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$985.37K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	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
Marketable Securities Held in Trust account	`MarketableSecuritiesNoncurrent`	$300.00M	USD	Point-in-time
Total assets	`Assets`	$300.99M	USD	Point-in-time
Total assets	`Assets`	$301.48M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$409.90K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$2.68M	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$20.60K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayables`	$54.15K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayables`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$464.05K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.70M	USD	Point-in-time
Warrant Liabilities	`DerivativeLiabilitiesNoncurrent`	$45.61M	USD	Point-in-time
Warrant Liabilities	`DerivativeLiabilitiesNoncurrent`	$31.74M	USD	Point-in-time
Deferred underwriters discount payable	`DeferredCompensationLiabilityClassifiedNoncurrent`	$10.50M	USD	Point-in-time
Deferred underwriters discount payable	`DeferredCompensationLiabilityClassifiedNoncurrent`	$10.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.80M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption, 23,944,159 and 25,377,874 shares at redemption value at March 31, 2021 and December 31, 2020, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$237.19M	USD	Point-in-time
Class A common stock subject to possible redemption, 23,944,159 and 25,377,874 shares at redemption value at March 31, 2021 and December 31, 2020, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$253.78M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.51M	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`	$5.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$301.48M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$300.99M	USD	Point-in-time

Income Statement 7 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$2.72M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.72M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$20.00	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$13.87M	USD	1 Quarter
Interest income on marketable securities held in Trust account	`InterestIncomeOther`	$4.43K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-13.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.59M	USD	1 Quarter

Cash Flow Statement 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-16.51M	USD	1 Quarter
Change in fair value of warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$13.87M	USD	1 Quarter
Interest income on trust account	`InvestmentIncomeInterest`	$4.43K	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidExpense`	$-39.45K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$2.27M	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$20.60K	USD	1 Quarter
Franchise tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-54.15K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-453.39K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-453.39K	USD	1 Quarter
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$730.43K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$730.43K	USD	Point-in-time
Change in value of Class A common stock subject to possible redemption	`InitialValueOfClassACommonStockSubjectToPossibleRedemption`	$-16.59M	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in Class A common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$16.59M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.59M	USD	1 Quarter
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.