Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Net Revenue Disaggregated by Sales Channel and Geographic Region

Net Revenue by Category. The following table sets forth the Company’s net revenue disaggregated by sales channel and geographic region based on the billing addresses of its customers:

	Three Months Ended September 30, 2021
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	64,920	$	2,046	$	66,966
Other		1,155		—		1,155
Total net revenue	$	66,075	$	2,046	$	68,121
	Three Months Ended September 30, 2022
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	62,818	$	2,530	$	65,348
Other		978		—		978
Total net revenue	$	63,796	$	2,530	$	66,326

	Nine Months Ended September 30, 2021
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	178,218	$	4,138	$	182,356
Other		2,090		—		2,090
Total net revenue	$	180,308	$	4,138	$	184,446
	Nine Months Ended September 30, 2022
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	158,399	$	4,415	$	162,814
Other		3,454		—		3,454
Total net revenue	$	161,853	$	4,415	$	166,268

Net Revenue Disaggregated by Product Categories

Net Revenue by Product Categories. The following table sets forth the Company’s net revenue disaggregated by product categories:

	Three Months Ended September 30,
	2021		2022
	(in thousands)
Heating, cooling and air quality	$	29,988	$	27,179
Kitchen appliances		8,084		10,504
Health and beauty		1,273		3,661
Personal protective equipment		1,298		516
Cookware, kitchen tools and gadgets		5,221		5,128
Home office		4,190		3,045
Housewares		10,418		8,787
Essential oils and related accessories		5,722		6,262
Other		1,927		1,244
Total net revenue	$	68,121	$	66,326

	Nine Months Ended September 30,
	2021		2022
	(in thousands)
Heating, cooling and air quality	$	62,968	$	56,835
Kitchen appliances		29,208		27,438
Health and beauty		6,736		12,452
Personal protective equipment		2,957		1,565
Cookware, kitchen tools and gadgets		16,867		14,229
Home office		7,710		10,077
Housewares		26,709		23,478
Essential oils and related accessories		23,017		17,102
Other		8,274		3,092
Total net revenue	$	184,446	$	166,268

Summary of Financial Assets Measured at Fair Value

The following table summarizes the fair value of the Company’s financial assets that are measured at fair value as of December 31, 2021 and September 30, 2022 (in thousands):

	December 31, 2021
	Fair Value Measurement Category
	Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	30,317	$	—	$	—
Restricted cash		7,998		—		—
Liabilities:
Estimated fair value of contingent earn-out considerations		—		—		9,223

	September 30, 2022
	Fair Value Measurement Category
	Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	25,997	$	—	$	—
Restricted cash		3,043		—		—
Liabilities:
Fair value of contingent earn-out considerations		—		—		—
Fair value of warrant liability		—		—		6,308

Summary of Activity of the Level 3 Liabilities Carried at Fair Value on a Recurring Basis

A summary of the activity of the Level 3 liabilities carried at fair value on a recurring basis for the nine months ended September 30, 2022 is as follows (in thousands):

Balance at December 31, 2021	$	9,223
Change in fair value of contingent earn-out liability		(5,240	)
Payment of contingent earn-out liability		(3,983	)
Balance at September 30, 2022	$	—
Balance at December 31, 2021	$	—
Issuance of warrants in connection with offering		18,982
Change in fair value of warrant liability		2,365
Exercise of prefunded warrants		(15,039	)
Balance at September 30, 2022	$	6,308