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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 24,702 $ 24,702
Receivables, net of allowance for doubtful accounts of $616 and $763 19,879 22,318
Inventories, net 165,634 211,946
Income tax receivable 708 6,116
Prepaid expenses and other 5,631 1,823
Current assets held for sale 6,495 86,869
Total current assets 223,049 353,774
Property and equipment, net 128,139 174,324
Operating lease right-of-use assets 8,784 13,812
Intangible assets, net 40,227 54,957
Other assets 2,977 3,216
Long-term assets held for sale 25,888 75,747
Total assets 429,064 675,830
Current liabilities:    
Accounts payable 19,459 22,426
Accrued expenses and other current liabilities 24,029 31,211
Floor plan notes payable, net of debt discount 185,460 306,036
Current portion of financing liability 2,673 2,792
Current portion of revolving credit facility 10,000 10,000
Current portion of long-term debt 352 1,168
Current portion of operating lease liability 2,300 3,711
Current liabilities related to assets held for sale 71 1,530
Total current liabilities 244,344 378,874
Long-term liabilities:    
Financing liability, net of debt discount 86,011 76,007
Revolving credit facility 17,826 20,344
Operating lease liability 6,813 10,592
Deferred income tax liability 1,587 1,348
Warrant liabilities 1,019 5,709
Other long-term liabilities 0 6,721
Long-term liabilities related to assets held for sale 153 23,001
Total liabilities 373,115 586,230
Commitments and contingencies - see Note 10
Stockholders’ Equity    
Common stock, $0.0001 par value; 500,000,000 shares authorized; 3,849,396 and 3,774,239 shares issued; and 3,735,655 and 3,660,498 shares outstanding [1] 0 0
Additional paid-in capital [1] 261,946 261,475
Treasury stock, at cost, 113,741 and 113,741 shares (57,128) (57,128)
Retained deficit (148,869) (114,747)
Total stockholders’ equity 55,949 89,600
Total liabilities and stockholders’ equity 429,064 675,830
Nonrelated Party    
Long-term liabilities:    
Long-term debt, net of debt discount 12,251 27,417
Related Party    
Long-term liabilities:    
Long-term debt, net of debt discount $ 3,111 $ 36,217
[1]
(1) Amounts have been adjusted to reflect the reverse stock split effective on July 11, 2025. Refer to Note 2 - Basis of Presentation and Critical Accounting Policies for further information.