Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 21,939 $ 21,859
Accounts receivable, net 4,084 4,796
Inventory 91,489 91,024
Prepaid expenses and other current assets 16,099 18,016
Total current assets 133,611 135,695
Property and equipment, net 25,076 27,154
Operating lease right-of-use assets 40,159 37,465
Intangible assets, net 61,018 64,322
Goodwill 92,123 94,898
Deferred tax assets 1,538 1,569
Other assets 2,229 618
Total assets 355,754 361,721
Current liabilities:    
Accounts payable 23,454 28,279
Accrued liabilities 23,695 25,223
Sales returns reserve 7,335 9,610
Deferred revenue 14,991 11,782
Income taxes payable 269 257
Operating lease liabilities, current 8,020 7,510
Current portion of long-term debt 4,725 3,300
Total current liabilities 82,489 85,961
Long-term debt 98,826 90,094
Operating lease liabilities 37,376 35,344
Other long-term liabilities 1,553 1,704
Total liabilities 220,244 213,103
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued or outstanding as of March 31, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 10,483,236 and 10,567,881 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 128 128
Additional paid-in capital 466,977 466,172
Accumulated other comprehensive loss (55,249) (50,269)
Accumulated deficit (276,346) (267,413)
Total stockholders’ equity 135,510 148,618
Total liabilities and stockholders’ equity $ 355,754 $ 361,721