Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 54,449 $ 26,259
Restricted cash 2,177 840
Accounts receivable 4,004 1,183
Inventory, net 95,768 33,124
Prepaid income taxes 7,102 0
Prepaid expenses and other current assets 13,090 4,080
Total current assets 176,590 65,486
Property, plant and equipment, net 12,591 2,121
Operating lease right-of-use assets 26,459 4,477
Intangible assets, net 87,313 29,102
Goodwill 331,342 88,253
Other assets 895 0
Total assets 635,190 189,439
Current liabilities:    
Accounts payable 22,535 4,689
Accrued expenses and other current liabilities 42,809 18,169
Sales returns reserve 4,122 3,517
Deferred revenue 7,472 4,165
Income taxes payable 0 3,118
Operating lease liabilities, current 5,579 1,234
Current portion of long-term debt 5,000 6,353
Total current liabilities 87,517 41,245
Long-term debt 93,211 0
Operating lease liabilities 21,465 3,262
Other long-term liabilities 1,287 144
Deferred income taxes, net 22,801 5,904
Total liabilities 226,281 50,555
Commitments and contingencies (Note 15)
Stockholders’ equity and partners’ capital:    
Preferred stock, $0.001 par value; 50,000,000 and zero shares authorized; zero shares issued or outstanding 0  
Common stock, $0.001 par value; 500,000,000 and zero shares authorized; 126,590,142 and zero shares issued and outstanding 127  
Partnership units [1]   108,197
Additional paid-in capital 415,341 727
Accumulated other comprehensive income (loss) (14,706) 5,839
Retained earnings 8,147 14,138
Non-controlling interest 0 9,983
Total stockholders’ equity and partners’ capital 408,909 138,884
Total liabilities, stockholders’ equity and partners’ capital $ 635,190 $ 189,439
[1] Excelerate, L.P. was the predecessor entity to a.k.a. Brands Holding Corp. Refer to Note 1 for additional information.