Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 29, 2019

Accounting Policies [Abstract]

Schedule of financial instruments measured at fair value

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis based on the fair value hierarchy as of December 31, 2018 (in thousands):

	December 31, 2018
	Level 1		Level 2		Level 3		Total
Financial Liabilities:
Preferred stock warrant liability	$	—	$	—	$	1,441	$	1,441
Common stock warrant liability	—		—		477		477
Total	$	—	$	—	$	1,918	$	1,918

Summary of changes in fair value

The following table sets forth a summary of the changes in the fair value of the preferred and common stock warrant liabilities:

	For the Six Months Ended
(in thousands)	June 29, 2019			June 30, 2018
Beginning balance	$	1,918		$	550
Fair value of warrants issued during the period	—			248
Change in fair value of warrant liability	12,503			259
Reclassification of warrant liability to additional paid-in capital in connection with the IPO	(14,421		)	—
Ending balance	$	—		$	1,057

Schedule of net revenues by platform and channel

The Company’s net revenues by platform and channel are included in the tables below:

	For the Three Months Ended						For the Six Months Ended
(in thousands)	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Net revenues:
Gross Fresh Platform	$	67,722		$	15,119		$	106,528		$	24,715
Gross Frozen Platform	5,639			4,506			10,151			9,254
Less: Discounts	(6,110		)	(2,258		)	(9,222		)	(3,826		)
Net revenues	$	67,251		$	17,367		$	107,457		$	30,143

	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Net revenues:
Retail	$	34,120	$	11,684	$	53,699	$	20,972
Restaurant and Foodservice	33,131		5,683		53,758		9,171
Net revenues	$	67,251	$	17,367	$	107,457	$	30,143