Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 38,832 $ 26,259
Restricted cash 2,186 840
Accounts receivable 2,663 1,183
Inventory, net 115,783 33,124
Prepaid income taxes 4,059 0
Prepaid expenses and other current assets 20,809 4,080
Total current assets 184,332 65,486
Property and equipment, net 14,657 2,121
Operating lease right-of-use assets 26,415 4,477
Intangible assets, net 98,287 29,102
Goodwill 363,305 88,253
Other assets 850 0
Total assets 687,846 189,439
Current liabilities:    
Accounts payable 25,088 4,689
Accrued liabilities 53,375 18,169
Sales returns reserve 6,887 3,517
Deferred revenue 11,344 4,165
Income taxes payable 0 3,118
Operating lease liabilities, current 5,721 1,234
Current portion of long-term debt 5,600 6,353
Total current liabilities 108,015 41,245
Long-term debt 103,182 0
Operating lease liabilities 21,370 3,262
Other long-term liabilities 1,333 144
Deferred income taxes, net 2,920 5,904
Total liabilities 236,820 50,555
Commitments and contingencies (Note 15)
Stockholders’ equity and partners’ capital:    
Preferred stock, $0.001 par value; 50,000,000 and zero shares authorized; zero shares issued or outstanding 0  
Common stock, $0.001 par value; 500,000,000 and zero shares authorized; 128,647,836 and zero shares issued and outstanding 129  
Partnership units [1]   108,197
Additional paid-in capital 453,807 727
Accumulated other comprehensive income (loss) (11,080) 5,839
Retained earnings 8,170 14,138
Noncontrolling interest 0 9,983
Total stockholders’ equity and partners’ capital 451,026 138,884
Total liabilities, stockholders’ equity and partners’ capital $ 687,846 $ 189,439
[1] Excelerate, L.P. was the predecessor entity to a.k.a. Brands Holding Corp. Refer to Note 1 for additional information