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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 95,402 $ 33,478
Accounts receivable, net 19,029 28,692
Inventories, net 39,821 47,628
Prepaid inventory 2,175 879
Other current assets 5,195 3,442
Total current assets 161,622 114,119
Property and equipment, net 38,285 31,979
Intangible assets, net 2,320 1,101
Deferred income taxes 100,643
Other long-term assets 525 525
Total assets 303,395 147,724
Current liabilities:    
Accounts payable 51,424 50,240
Accrued sales returns 11,949 7,271
Accrued compensation 10,328 7,954
Customer prepayments 8,338 6,258
Accrued sales tax 6,741 5,602
Income tax payable 8,498 274
Accrued rebates and allowances 4,420 5,311
Other current liabilities 9,520 3,955
Total current liabilities 111,218 86,865
Long-term debt, related-party 38,190 35,399
Warrant liabilities 46,958 21,622
Tax receivable agreement liability, net of current portion 78,076
Other long-term liabilities, net of current portion 11,484 8,570
Total liabilities 285,926 152,456
Commitments and contingencies (Note 11)
Stockholders' equity (deficit):    
Class A common stock; $0.0001 par value, 210,000 shares authorized; 36,468 issued and outstanding at June 30, 2020 and 22,494 issued and outstanding at December 31, 2019 4 2
Class B common stock; $0.0001 par value, 90,000 shares authorized; 17,510 issued and outstanding at June 30, 2020 and 31,394 issued and outstanding at December 31, 2019 2 3
Additional paid-in capital 20,584 5,990
Accumulated earnings (deficit) (1,495) (8,349)
Total stockholders' equity (deficit) 19,095 (2,354)
Noncontrolling interest (1,626) (2,378)
Total equity (deficit) 17,469 (4,732)
Total liabilities and stockholders' equity (deficit) $ 303,395 $ 147,724