Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.22.4
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
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 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,
2022 2021
Furniture and fixtures
 $ 2,367  $ 1,305 
Machinery and equipment
 5,188  1,595 
Computer equipment and capitalized software
 6,015  2,638 
Leasehold improvements
 24,816  12,457 
Total property and equipment
 38,386  17,995 
Less accumulated depreciation
 (9,428) (3,338)
Total property and equipment, net
 $ 28,958  $ 14,657 
Schedule of Sales Return Reserve The following table presents a summary of the Company’s sales return reserve:
December 31,
2022 2021
Beginning balance $ 6,887  $ 3,517 
Returns (101,716) (80,915)
Allowance 98,797  84,285 
Ending balance $ 3,968  $ 6,887 
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,
2022 2021 2020
United States $ 312,977  $ 270,028  $ 125,179 
Australia 226,929  218,563  67,850 
Rest of world 71,832  73,600  22,887 
Total $ 611,738  $ 562,191  $ 215,916