Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 25,466 $ 21,859
Accounts receivable, net 5,778 4,796
Inventory 106,687 91,024
Prepaid income taxes 1,274 0
Prepaid expenses and other current assets 15,862 18,016
Total current assets 155,067 135,695
Property and equipment, net 25,754 27,154
Operating lease right-of-use assets 52,033 37,465
Intangible assets, net 58,521 64,322
Goodwill 93,604 94,898
Deferred tax assets 1,555 1,569
Other assets 2,270 618
Total assets 388,804 361,721
Current liabilities:    
Accounts payable 32,773 28,279
Accrued liabilities 29,671 25,223
Sales returns reserve 7,930 9,610
Deferred revenue 15,911 11,782
Income taxes payable 0 257
Operating lease liabilities, current 7,258 7,510
Current portion of long-term debt 6,300 3,300
Total current liabilities 99,843 85,961
Long-term debt 100,607 90,094
Operating lease liabilities 50,195 35,344
Other long-term liabilities 1,588 1,704
Total liabilities 252,233 213,103
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 each of June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 10,529,419 and 10,567,881 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 128 128
Additional paid-in capital 468,726 466,172
Accumulated other comprehensive loss (53,676) (50,269)
Accumulated deficit (278,607) (267,413)
Total stockholders’ equity 136,571 148,618
Total liabilities and stockholders’ equity $ 388,804 $ 361,721