CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Feb. 03, 2024	Jan. 28, 2023
Current assets:
Cash and cash equivalents	$ 3,805	$ 5,171
Inventories, net	74,090	84,071
Prepaid expenses and other current assets	7,614	5,089
Total current assets	85,509	94,331
Property and equipment:
Equipment	19,144	19,614
Furniture and fixtures	63,823	66,906
Leasehold improvements	100,393	103,525
Computer software and hardware	78,580	81,685
Projects in progress	647	743
Property and equipment, gross	262,587	272,473
Accumulated depreciation	(232,882)	(233,797)
Property and equipment, net	29,705	38,676
Operating lease right-of-use assets	126,725	134,525
Other assets	8,634	6,714
Total assets	250,573	274,246
Current liabilities:
Accounts payable	46,010	43,739
Accrued expenses	23,163	26,069
Operating lease liabilities	40,018	41,499
Total current liabilities	109,191	111,307
Operating lease liabilities	99,772	114,613
Revolving line of credit	34,000	15,000
Other liabilities	4,486	3,553
Total liabilities	247,449	244,473
Commitments and contingencies (Note 8)
Shareholders’ equity:
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at February 3, 2024, and January 28, 2023	0	0
Common stock, no par value, 100,000,000 shares authorized; 12,926,022 and 12,754,368 shares issued and outstanding at February 3, 2024, and January 28, 2023, respectively	176,552	175,450
Accumulated deficit	(173,428)	(145,677)
Total shareholders’ equity	3,124	29,773
Total liabilities and shareholders’ equity	$ 250,573	$ 274,246

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).