10-Q Filing

SOFI TECHNOLOGIES, INC. CIK: 1818874 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001104659-20-128076`
Period End Date	20200930
Filing Date	20201123
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	ipoe-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 19 Income Statement 4 Cash Flow Statement 13 Stockholders Equity 6

Balance Sheet 19 line items

Line Item	Tag	Value	Unit	Period
Current assets - cash	`CashAndCashEquivalentsAtCarryingValue`	$144.58K	USD	Point-in-time
Current assets - cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$321.60K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$466.18K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$41.18K	USD	Point-in-time
Advances from related party	`AdvancesFromRelatedParty`	$5.00K	USD	Point-in-time
Promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$400.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$446.18K	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.99K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$20.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$466.18K	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`FormationAndOperatingCosts`	$5.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.00K	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.50M	shares	1 Quarter
Basic and diluted net loss per ordinary share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 13 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.00K	USD	1 Quarter
Proceeds from issuance of Class B ordinary shares to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Advance from related party	`ProceedsFromContributionsFromAffiliates`	$5.00K	USD	1 Quarter
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$400.00K	USD	1 Quarter
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$280.42K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$149.58K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$144.58K	USD	1 Quarter
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$144.58K	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$144.58K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$41.18K	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$20.00K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor(1)	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$20.00K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time

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