Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.24.0.1
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
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,
2023 2022
Furniture and fixtures
 $ 2,439  $ 2,367 
Machinery and equipment
 6,008  5,188 
Computer equipment and capitalized software
 7,531  6,015 
Leasehold improvements
 27,680  24,816 
Total property and equipment
 43,658  38,386 
Less accumulated depreciation
 (16,504) (9,428)
Total property and equipment, net
 $ 27,154  $ 28,958 
Schedule of Deferred Revenue
The following table presents a summary of the Company’s sales return reserve:
December 31,
2023 2022
Beginning balance $ 3,968  $ 6,887 
Returns (101,025) (101,716)
Allowance 106,667  98,797 
Ending balance $ 9,610  $ 3,968 
Deferred revenue consisted of the following:
December 31,
2023 2022
Gift cards
 $ 11,303  $ 10,829 
Other
 479  592 
Total deferred revenue
 $ 11,782  $ 11,421 
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,
2023 2022 2021
United States $ 315,496  $ 312,977  $ 270,028 
Australia/New Zealand
 202,777  268,873  265,365 
Rest of world 27,985  29,888  26,798 
Total $ 546,258  $ 611,738  $ 562,191