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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 24,702 $ 58,085
Receivables, net of allowance for doubtful accounts of $763 and $479 22,318 22,694
Inventories, net 211,946 456,087
Income tax receivable 6,116 7,416
Prepaid expenses and other 1,823 2,614
Assets held for sale, current portion 86,869 0
Total current assets 353,774 546,896
Property and equipment, net 174,324 265,726
Operating lease right-of-use assets 13,812 26,377
Intangible assets, net 54,957 80,546
Deferred income tax asset 0 15,444
Other assets 3,216 2,750
Assets held for sale, non-current portion 75,747 0
Total assets 675,830 937,739
Current liabilities:    
Accounts payable 22,426 15,144
Accrued expenses and other current liabilities 31,211 29,160
Floor plan notes payable, net of debt discount 306,036 446,783
Financing liability, current portion 2,792 2,473
Revolving line of credit, current portion 10,000 0
Long-term debt, current portion, net of debt discount 1,168 1,141
Operating lease liability, current portion 3,711 5,276
Liabilities related to assets held for sale, current portion 1,530 0
Total current liabilities 378,874 499,977
Long-term liabilities:    
Financing liability, non-current portion, net of debt discount 76,007 91,401
Revolving line of credit, non-current portion 20,344 49,500
Operating lease liability, non-current portion 10,592 22,242
Deferred income tax liability 1,348 0
Warrant liabilities 5,709 0
Other long-term liabilities 6,721 0
Liabilities related to assets held for sale, non-current portion 23,001 0
Total liabilities 586,230 724,549
Commitments and contingencies - see Note 18
Series A Convertible Preferred Stock; zero and 600,000 shares issued and outstanding 0 56,193
Stockholders’ Equity    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized; 113,227,173 and 17,477,019 shares issued and 109,814,951 and 14,064,797 shares outstanding 10 0
Additional paid-in capital 261,465 165,988
Treasury stock, at cost, 3,412,222 and 3,412,222 shares (57,128) (57,128)
Retained (deficit) earnings (114,747) 48,137
Total stockholders’ equity 89,600 156,997
Total liabilities and stockholders’ equity 675,830 937,739
Nonrelated Party    
Long-term liabilities:    
Long term debt, non-current portion, net of debt discount 27,417 28,075
Related Party    
Long-term liabilities:    
Long term debt, non-current portion, net of debt discount $ 36,217 $ 33,354