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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 39,350 $ 58,085
Receivables, net of allowance for doubtful accounts of $479 and $479 27,244 22,694
Inventories 346,645 456,087
Income tax receivable 9,031 7,416
Prepaid expenses and other 1,421 2,614
Total current assets 423,691 546,896
Property and equipment, net of accumulated depreciation of $49,282 and $46,098 271,273 265,726
Operating lease right-of-use assets 24,949 26,377
Intangible assets, net 78,276 80,546
Other assets 3,082 2,750
Deferred income tax asset 20,476 15,444
Total assets 821,747 937,739
Current liabilities:    
Accounts payable 15,847 15,144
Accrued expenses and other current liabilities 25,530 29,160
Floor plan notes payable, net of debt discount 357,832 446,783
Financing liability, current portion 2,559 2,473
Revolving line of credit, current portion 10,000 0
Long-term debt, current portion 1,201 1,141
Operating lease liability, current portion 5,008 5,276
Total current liabilities 417,977 499,977
Long-term liabilities:    
Financing liability, non-current portion, net of debt discount 90,722 91,401
Revolving line of credit, non-current portion 39,500 49,500
Long term debt, non-current portion, net of debt discount 60,777 61,429
Operating lease liability, non-current portion 21,052 22,242
Total liabilities 630,028 724,549
Commitments and contingencies - see Note 10
Series A Convertible Preferred Stock; $600,000 shares, designated, issued, and outstanding; liquidation preference of $60,000 58,177 56,193
Stockholders’ Equity    
Preferred stock, $0.0001 par value; $5,000,000 shares authorized 0 0
Common stock, $0.0001 par value; $100,000,000 shares authorized; $17,485,240 and $17,477,019 shares issued and $14,073,018 and $14,064,797 shares outstanding 0 0
Additional paid-in capital 166,497 165,988
Treasury stock, at cost, $3,412,222 and $3,412,222 shares (57,128) (57,128)
Retained earnings 24,173 48,137
Total stockholders’ equity 133,542 156,997
Total liabilities and stockholders’ equity 821,747 937,739
Related Party    
Current liabilities:    
Long-term debt, current portion 409 400
Long-term liabilities:    
Long term debt, non-current portion, net of debt discount 32,917 33,354
Nonrelated Party    
Current liabilities:    
Long-term debt, current portion 792 741
Long-term liabilities:    
Long term debt, non-current portion, net of debt discount $ 27,860 $ 28,075