Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.22.0.1
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
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 five years.
Estimated useful life (years)
Furniture and fixtures 5
Machinery and equipment 5
Computer equipment and capitalized software 3
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,
2021 2020
Furniture and fixtures
 $ 1,305  $ 411 
Machinery and equipment
 1,595  185 
Computer equipment and capitalized software
 2,638  753 
Leasehold improvements
 12,457  2,020 
Total property and equipment
 17,995  3,369 
Less accumulated depreciation
 (3,338) (1,248)
Total property and equipment, net
 $ 14,657  $ 2,121 
Summary of Sales Return Reserve The following table presents a summary of the Company’s sales return reserve:
December 31,
2021 2020
Beginning balance $ 3,517  $ 2,585 
Returns (80,915) (36,796)
Allowance 84,285  37,728 
Ending balance $ 6,887  $ 3,517 
Disaggregation of Revenue
The following table presents the disaggregation of the Company’s net revenues by geography, based on customer address:
Year Ended December 31,
2021 2020 2019
United States $ 270,028  $ 125,179  $ 45,280 
Australia 218,563  67,850  47,176 
Rest of world 73,600  22,887  9,984 
Total $ 562,191  $ 215,916  $ 102,440