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, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 20,742 $ 46,319
Restricted cash 1,862 2,054
Accounts receivable 3,312 3,231
Inventory, net 99,950 126,533
Prepaid income taxes 10,270 6,089
Prepaid expenses and other current assets 18,027 13,378
Total current assets 154,163 197,604
Property and equipment, net 27,680 28,958
Operating lease right-of-use assets 37,270 37,317
Intangible assets, net 66,345 76,105
Goodwill 91,281 167,731
Deferred tax assets 1,009 1,070
Other assets 657 853
Total assets 378,405 509,638
Current liabilities:    
Accounts payable 27,480 20,903
Accrued liabilities 27,502 39,806
Sales returns reserve 7,482 3,968
Deferred revenue 10,938 11,421
Operating lease liabilities, current 7,046 6,643
Current portion of long-term debt 7,700 5,600
Total current liabilities 88,148 88,341
Long-term debt 98,985 138,049
Operating lease liabilities 35,273 34,404
Other long-term liabilities 1,540 1,483
Deferred income taxes 241 284
Total liabilities 224,187 262,561
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued or outstanding as of September 30, 2023 and December 31, 2022, respectively 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 10,684,386 and 10,750,586 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively* 128 129
Additional paid-in capital 465,212 460,660
Accumulated other comprehensive loss (57,592) (45,185)
Accumulated deficit (253,530) (168,527)
Total stockholders’ equity 154,218 247,077
Total liabilities and stockholders’ equity $ 378,405 $ 509,638