XML 21 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 66,732 $ 130,032
Accounts receivable 6,168 8,188
Inventory 44,121 57,763
Prepaid expenses and other current assets 13,536 16,423
Total current assets 130,558 212,406
Property and equipment—net 17,825 26,085
Operating lease right-of-use assets 38,082 67,085
Other assets 2,414 7,129
Total assets 188,879 312,705
Current liabilities:    
Accounts payable 10,773 5,851
Accrued expenses and other current liabilities 18,821 22,987
Current lease liabilities 10,879 15,218
Deferred revenue 3,896 4,551
Total current liabilities 44,369 48,607
Noncurrent liabilities:    
Noncurrent lease liabilities 42,796 78,731
Other long-term liabilities 29 38
Total noncurrent liabilities 42,825 78,769
Total liabilities 87,194 127,376
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Additional paid-in capital 591,882 579,862
Accumulated other comprehensive loss (5,681) (3,335)
Accumulated deficit (484,517) (391,199)
Total stockholders’ equity 101,685 185,329
Total liabilities and stockholders’ equity 188,879 312,705
Class A Common Stock    
Stockholders’ equity:    
Common stock [1] 1 1
Class B Common Stock    
Stockholders’ equity:    
Common stock [1] $ 0 $ 0
[1] 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.