Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 28, 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

Schedule 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 Nine Months Ended
(in thousands)	September 28, 2019			September 29, 2018
Beginning balance	$	1,918		$	550
Fair value of warrants issued during the period	—			248
Change in fair value of warrant liability	12,503			1,253
Reclassification of warrant liability to additional paid-in capital in connection with the IPO	(14,421		)	—
Ending balance	$	—		$	2,051

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 Nine Months Ended
(in thousands)	September 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Net revenues:
Gross Fresh Platform	$	97,995		$	26,815		$	204,523		$	51,530
Gross Frozen Platform	4,007			2,295			14,158			11,549
Less: Discounts	(10,041		)	(2,833		)	(19,263		)	(6,659		)
Net revenues	$	91,961		$	26,277		$	199,418		$	56,420

	For the Three Months Ended				For the Nine Months Ended
(in thousands)	September 28, 2019		September 29, 2018		September 28, 2019		September 29, 2018
Net revenues:
Retail	$	50,465	$	16,201	$	104,164	$	37,173
Restaurant and Foodservice	41,496		10,076		95,254		19,247
Net revenues	$	91,961	$	26,277	$	199,418	$	56,420