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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 42,022 $ 58,085
Receivables, net of allowance for doubtful accounts of $479 and $479 28,806 22,694
Inventories 314,382 456,087
Income tax receivable 6,675 7,416
Prepaid expenses and other 4,907 2,614
Total current assets 396,792 546,896
Property and equipment, net of accumulated depreciation of $51,624 and $46,098 272,297 265,726
Operating lease right-of-use assets 23,629 26,377
Intangible assets, net 76,477 80,546
Other assets 3,173 2,750
Deferred income tax asset 0 15,444
Total assets 772,368 937,739
Current liabilities:    
Accounts payable 17,064 15,144
Accrued expenses and other current liabilities 35,568 29,160
Floor plan notes payable, net of debt discount 330,967 446,783
Financing liability, current portion 2,588 2,473
Revolving line of credit, current portion 44,500 0
Long-term debt, current portion, net of debt discount 71,238 1,141
Operating lease liability, current portion 4,625 5,276
Total current liabilities 506,550 499,977
Long-term liabilities:    
Financing liability, non-current portion, net of debt discount 91,509 91,401
Revolving line of credit, non-current portion 0 49,500
Long term debt, non-current portion, net of debt discount 0 61,429
Operating lease liability, non-current portion 19,928 22,242
Deferred income tax liability 931 0
Warrant liabilities 5,244 0
Total liabilities 624,162 724,549
Commitments and contingencies - see Note 10
Series A Convertible Preferred Stock; $600,000 shares, designated, issued, and outstanding; liquidation preference of $60,000 60,208 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; 17,578,268 and 17,477,019 shares issued and 14,166,046 and 14,064,797 shares outstanding 0 0
Additional paid-in capital 165,174 165,988
Treasury stock, at cost, 3,412,222 and 3,412,222 shares (57,128) (57,128)
Retained earnings (20,048) 48,137
Total stockholders’ equity 87,998 156,997
Total liabilities and stockholders’ equity 772,368 937,739
Nonrelated Party    
Current liabilities:    
Long-term debt, current portion, net of debt discount 28,489 741
Long-term liabilities:    
Long term debt, non-current portion, net of debt discount 0 28,075
Related Party    
Current liabilities:    
Long-term debt, current portion, net of debt discount 42,749 400
Long-term liabilities:    
Long term debt, non-current portion, net of debt discount $ 0 $ 33,354