XML 23 R5.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue:    
Total revenue $ 938,440 $ 416,427
Total cost of revenue 780,263 384,800
Cost of revenue before impairment loss 780,263 373,062
Impairment loss on automotive inventory 0 11,738
Gross profit 158,177 31,627
Selling, general and administrative 164,077 53,659
Insurance recovery (3,135) (5,615)
Depreciation and amortization 6,103 2,143
Operating loss (8,868) (18,560)
Interest expense (16,405) (6,450)
Change in derivative liability (8,799) 11
Forgiveness of PPP Loan 2,682 0
Loss before provision for income taxes (31,390) (24,999)
Income tax benefits (21,665) 0
Net loss $ (9,725) $ (24,999)
Weighted average number of common shares outstanding - basic (in shares) 6,920,318 2,184,441
Weighted average number of common shares outstanding - fully diluted (in shares) 6,920,318 2,184,441
Net loss per share - basic (in dollars per share) $ (1.41) $ (11.44)
Net loss per share - fully diluted (in dollars per share) $ (1.41) $ (11.44)
Powersports    
Revenue:    
Total revenue $ 323,303 $ 46,654
Cost of revenue before impairment loss 264,872 40,061
Automotive    
Revenue:    
Total revenue 460,888 337,085
Cost of revenue before impairment loss 430,142 308,801
Parts, service and accessories    
Revenue:    
Total revenue 66,969 0
Cost of revenue before impairment loss 36,702 0
Vehicle logistics    
Revenue:    
Total revenue 43,878 31,816
Cost of revenue before impairment loss 34,278 24,200
Finance and insurance    
Revenue:    
Total revenue 43,402 872
Cost of revenue before impairment loss $ 14,269 $ 0