| Schedule of Property, Plant and Equipment, Net |
Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, which range from three to ten years.
|
|
|
|
|
|
|
Estimated useful life (years) |
| Furniture and fixtures |
5 - 10 years |
| Machinery and equipment |
5 - 10 years |
| Computer equipment and capitalized software |
3 - 5 years |
| Buildings and leasehold improvements |
Shorter of the lease term or the estimated life of the assets |
Property and equipment, net is comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2024 |
|
2023 |
Furniture and fixtures |
$ |
5,608 |
|
|
$ |
2,439 |
|
Machinery and equipment |
4,686 |
|
|
6,008 |
|
Computer equipment and capitalized software |
7,444 |
|
|
7,531 |
|
Leasehold improvements |
31,230 |
|
|
27,680 |
|
Total property and equipment |
48,968 |
|
|
43,658 |
|
Less: accumulated depreciation |
(17,706) |
|
|
(16,504) |
|
Total property and equipment, net |
$ |
31,262 |
|
|
$ |
27,154 |
|
Depreciation expense consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2024 |
|
2023 |
|
2022 |
Selling expenses |
$ |
5,478 |
|
$ |
5,264 |
|
$ |
3,615 |
General and administrative expenses |
1,072 |
|
2,341 |
|
2,541 |
Total depreciation expense |
$ |
6,550 |
|
$ |
7,605 |
|
$ |
6,156 |
|
| Schedule of Deferred Revenue |
The following table presents a summary of the Company’s sales return reserve:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2024 |
|
2023 |
| Beginning balance |
$ |
9,610 |
|
|
$ |
3,968 |
|
| Returns |
(123,436) |
|
|
(101,025) |
|
| Allowance |
121,413 |
|
|
106,667 |
|
| Ending balance |
$ |
7,587 |
|
|
$ |
9,610 |
|
Deferred revenue consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2024 |
|
2023 |
Gift cards |
$ |
11,473 |
|
|
$ |
11,303 |
|
Other |
742 |
|
|
479 |
|
Total deferred revenue |
$ |
12,215 |
|
|
$ |
11,782 |
|
|
| Schedule of Disaggregation of Revenue |
The following table presents the disaggregation of the Company’s net sales by geography, based on customer address:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2024 |
|
2023 |
|
2022 |
| United States |
$ |
368,799 |
|
|
$ |
315,496 |
|
|
$ |
312,977 |
|
Australia/New Zealand |
180,328 |
|
|
202,777 |
|
|
268,873 |
|
| Rest of world |
25,570 |
|
|
27,985 |
|
|
29,888 |
|
| Total |
$ |
574,697 |
|
|
$ |
546,258 |
|
|
$ |
611,738 |
|
|