CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 143,964 $ 29,265
Accounts receivable, net 5,321 475
Other current assets 6,165 1,821
Total Current Assets 155,450 31,561
Fixed assets, net 10,718 10,297
Goodwill 5,717 5,717
Intangible assets, net 4,428 8,534
Other assets 832 1,165
Total Assets 177,145 57,274
Current Liabilities    
Accounts payable 3,590 4,446
Deferred revenue 30,005 17,270
Due to legacy Nerdy holders 841 0
Current portion of long-term debt 0 6,535
Other current liabilities 7,473 6,090
Total Current Liabilities 41,909 34,341
Other liabilities 39,431 1,554
Long-term debt 0 41,044
Total Liabilities 81,340 76,939
Commitments and Contingencies (See Note 17)
Redeemable Preferred Units   378,796
Stockholders' Equity (Deficit)    
Common units, $0.000001 par value—54,761 units authorized, issued and outstanding as of December 31, 2020   86
Additional paid-in capital 490,220 6,833
Accumulated deficit (439,708) (412,383)
Accumulated other comprehensive income 136 296
Total Stockholders' Equity (Deficit) Excluding Noncontrolling Interests 50,663 (398,461)
Noncontrolling interests 45,142 0
Total Stockholders' Equity (Deficit) 95,805 (398,461)
Total Liabilities, Redeemable Preferred Units and Stockholders' Equity (Deficit) 177,145 57,274
Class A Common Stock    
Stockholders' Equity (Deficit)    
Common stock 8  
Class B Common Stock    
Stockholders' Equity (Deficit)    
Common stock $ 7  
Class B Redeemable Preferred Units    
Current Liabilities    
Redeemable Preferred Units   259,638
Class C Redeemable Preferred Units    
Current Liabilities    
Redeemable Preferred Units   119,158
Class A Preferred Units    
Stockholders' Equity (Deficit)    
Preferred units   3,309
Class A-1 Preferred Units    
Stockholders' Equity (Deficit)    
Preferred units   $ 3,398