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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 22,431 $ 25,964
Restricted cash, current 1,329 0
Short-term investments 71,857 77,919
Accounts receivable, net of allowance for doubtful accounts of $72 and $13 at June 30, 2025 and December 31, 2024, respectively 698 490
Prepaid expenses 4,072 2,859
Receivables from payment processors 3,728 2,833
Other current assets 1,687 1,799
Total current assets 105,802 111,864
Restricted cash, non-current 3,683 3,657
Property and equipment, net 3,173 3,564
Operating lease right-of-use assets 18,586 19,728
Goodwill 4,322 4,232
Other assets 3,005 2,713
Total assets 138,571 145,758
Current liabilities:    
Accounts payable 3,243 2,228
Payables due to sellers 8,956 8,605
Accrued expenses 8,876 11,475
Operating lease liabilities, current 4,374 4,186
Other current liabilities 1,865 1,965
Total current liabilities 27,314 28,459
Operating lease liabilities, non-current 16,388 17,970
Other liabilities 4 24
Total liabilities 43,706 46,453
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; zero shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value; 400,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 43,168,123 and 42,271,388 shares issued as of June 30, 2025 and December 31, 2024, respectively; and 36,246,609 and 35,827,866 outstanding as of June 30, 2025 and December 31, 2024, respectively 432 422
Treasury stock, at cost; 6,921,514 and 6,443,522 shares as of June 30, 2025 and December 31, 2024, respectively (33,412) (31,618)
Additional paid-in capital 469,506 463,224
Accumulated deficit (341,471) (332,352)
Accumulated other comprehensive loss (190) (371)
Total stockholders’ equity 94,865 99,305
Total liabilities and stockholders’ equity $ 138,571 $ 145,758