XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 78,627 $ 130,032
Accounts receivable 5,672 8,188
Inventory 57,459 57,763
Prepaid expenses and other current assets 13,571 16,423
Total current assets 155,329 212,406
Property and equipment—net 18,972 26,085
Operating lease right-of-use assets 42,877 67,085
Other assets 4,736 7,129
Total assets 221,914 312,705
Current liabilities:    
Accounts payable 18,359 5,851
Accrued expenses and other current liabilities 13,306 22,987
Current lease liabilities 10,604 15,218
Deferred revenue 3,613 4,551
Total current liabilities 45,882 48,607
Noncurrent liabilities:    
Noncurrent lease liabilities 48,649 78,731
Other long-term liabilities 38 38
Total noncurrent liabilities 48,687 78,769
Total liabilities 94,569 127,376
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Additional paid-in capital 589,164 579,862
Accumulated other comprehensive loss (2,981) (3,335)
Accumulated deficit (458,839) (391,199)
Total stockholders’ equity 127,345 185,329
Total liabilities and stockholders’ equity 221,914 312,705
Class A Common Stock    
Stockholders’ equity:    
Common stock [1] 1 1
Class B Common Stock    
Stockholders’ equity:    
Common stock [1] $ 0 $ 0
[1]
1 Amounts have been adjusted to reflect the 1-for-20 reverse stock split that became effective on September 4, 2024. See Note 2, “Significant Accounting Policies” and Note 7, “Stockholders’ Equity” for additional details.