Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 23,077 $ 21,859
Accounts receivable, net 6,690 4,796
Inventory 106,030 91,024
Prepaid income taxes 1,369 0
Prepaid expenses and other current assets 19,111 18,016
Total current assets 156,277 135,695
Property and equipment, net 29,382 27,154
Operating lease right-of-use assets 62,332 37,465
Intangible assets, net 56,130 64,322
Goodwill 96,012 94,898
Deferred tax assets 1,539 1,569
Other assets 2,429 618
Total assets 404,101 361,721
Current liabilities:    
Accounts payable 30,598 28,279
Accrued liabilities 33,198 25,223
Sales returns reserve 8,331 9,610
Deferred revenue 12,880 11,782
Income taxes payable 0 257
Operating lease liabilities, current 7,523 7,510
Current portion of long-term debt 6,300 3,300
Total current liabilities 98,830 85,961
Long-term debt 105,610 90,094
Operating lease liabilities 60,931 35,344
Other long-term liabilities 1,798 1,704
Total liabilities 267,169 213,103
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 September 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 10,631,326 and 10,567,881 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 128 128
Additional paid-in capital 470,194 466,172
Accumulated other comprehensive loss (49,344) (50,269)
Accumulated deficit (284,046) (267,413)
Total stockholders’ equity 136,932 148,618
Total liabilities and stockholders’ equity $ 404,101 $ 361,721