Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY, PARTNERS??? CAPITAL AND REDEEMABLE NONCONTROLLING INTEREST

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY, PARTNERS’ CAPITAL AND REDEEMABLE NONCONTROLLING INTEREST - USD ($)
$ in Thousands
Total
IPO
Culture Kings
Third Estate LLC (mnml)
Common Stock
Common Stock
IPO
Common Stock
Culture Kings
Common Stock
Third Estate LLC (mnml)
Partnership Units
Additional Paid-In Capital
Additional Paid-In Capital
IPO
Additional Paid-In Capital
Culture Kings
Additional Paid-In Capital
Third Estate LLC (mnml)
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Non-controlling Interest
Beginning Balance (in shares) at Dec. 31, 2020 [1]         0                      
Beginning Balance at Dec. 31, 2020         $ 0                      
Beginning Balance (in shares) at Dec. 31, 2020                 114,167,842              
Beginning Balance at Dec. 31, 2020 $ 138,884               $ 108,197 $ 727       $ 5,839 $ 14,138 $ 9,983
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of units (in shares)                 25,746,282              
Issuance of units 82,669               $ 82,669              
Purchase of Petal & Pup noncontrolling interest (20,198)                 (10,599)           (9,599)
Purchase of Culture Kings noncontrolling interest (in shares) [1]             1,817,483                  
Purchase of Culture Kings noncontrolling interest     $ 132,278       $ 22         $ 132,256        
Reorganization transactions (in shares)         7,898,363 [1]       (139,914,124)              
Reorganization transactions 0       $ 95       $ (190,866) 190,771            
Issuance of common stock upon initial public offering, net issuance costs (in shares) [1]           833,333                    
Issuance of common stock upon initial public offering, net issuance costs   $ 95,721       $ 10         $ 95,711          
Issuance of common stock in the acquisition of mnml (in shares) [1]               171,474                
Issuance of common stock in the acquisition of mnml       $ 17,305       $ 2         $ 17,303      
Change in tax bases of Culture Kings’ assets related to purchase of Culture Kings’ noncontrolling interest     $ 19,595                 $ 19,595        
Equity-based compensation 8,043                 8,043            
Cumulative translation adjustment (17,925)                         (16,919)   (1,006)
Net (loss) income (5,346)                           (5,968) 622
Ending Balance (in shares) at Dec. 31, 2021 [1]         10,720,653                      
Ending Balance at Dec. 31, 2021 451,026       $ 129         453,807       (11,080) 8,170 0
Ending Balance (in shares) at Dec. 31, 2021                 0              
Ending Balance at Dec. 31, 2021                 $ 0              
Beginning balance at Dec. 31, 2020 0                              
Redeemable Noncontrolling Interest                                
Noncontrolling interest from purchase of Culture Kings 142,718                              
Purchase of Culture Kings noncontrolling interest (132,278)                              
Cumulative translation adjustment (9,694)                              
Net (loss) income (746)                              
Ending balance at Dec. 31, 2021 0                              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Equity-based compensation 6,730                 6,730            
Cumulative translation adjustment (34,105)                         (34,105)   0
Net (loss) income (176,697)                           (176,697) 0
Issuance of common stock under employee equity plans, net of shares withheld (in shares) [1]         29,933                      
Issuance of common stock under employee equity plans, net of shares withheld $ 123                 123            
Ending Balance (in shares) at Dec. 31, 2022 10,750,586 [2]       10,750,586 [1]                      
Ending Balance at Dec. 31, 2022 $ 247,077       $ 129         460,660       (45,185) (168,527) 0
Ending Balance (in shares) at Dec. 31, 2022                 0              
Ending Balance at Dec. 31, 2022                 $ 0              
Redeemable Noncontrolling Interest                                
Cumulative translation adjustment 0                              
Net (loss) income 0                              
Ending balance at Dec. 31, 2022 0                              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Equity-based compensation 7,640                 7,640            
Cumulative translation adjustment (5,084)                         (5,084)    
Net (loss) income (98,886)                           (98,886) 0
Issuance of common stock under employee equity plans, net of shares withheld (in shares) [1]         137,801                      
Issuance of common stock under employee equity plans, net of shares withheld (28)                 (28)            
Repurchase of shares (in shares) [1]         (320,506)                      
Repurchase of shares $ (2,101)       $ (1)         (2,100)            
Ending Balance (in shares) at Dec. 31, 2023 10,567,881 [2]       10,567,881 [1]                      
Ending Balance at Dec. 31, 2023 $ 148,618       $ 128         $ 466,172       $ (50,269) $ (267,413) $ 0
Ending Balance (in shares) at Dec. 31, 2023                 0              
Ending Balance at Dec. 31, 2023                 $ 0              
Ending balance at Dec. 31, 2023 $ 0                              
[1] Adjusted for the one-for-12 Reverse Stock Split. Refer to Note 14, “Stockholders’ Equity.”
[2] Adjusted for the one-for-12 Reverse Stock Split. Refer to Note 14, “Stockholders’ Equity.”