Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2022
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	38,633	$	1,629	$	40,262
Other		1,411		—		1,411
Total net revenue	$	40,044	$	1,629	$	41,673
	Three Months Ended March 31, 2023
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	31,962	$	1,516	$	33,478
Other		1,401		—		1,401
Total net revenue	$	33,363	$	1,516	$	34,879

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 March 31,
	2022		2023
	(in thousands)
Heating, cooling and air quality	$	5,926	$	5,349
Kitchen appliances		8,450		6,371
Health and beauty		4,890		4,857
Personal protective equipment		1,040		509
Cookware, kitchen tools and gadgets		4,856		3,620
Home office		3,708		2,667
Housewares		6,547		6,209
Essential oils and related accessories		5,082		4,588
Other		1,174		709
Total net revenue	$	41,673	$	34,879

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, 2022 and March 31, 2023 (in thousands):

	December 31, 2022
	Fair Value Measurement Category
	Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	43,574	$	—	$	—
Restricted Cash		3,055		—		—
Liabilities:
Fair value of warrant liability		—		—		3,473
	March 31, 2023
	Fair Value Measurement Category
	Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	33,911	$	—	$	—
Restricted cash		2,287		—		—
Liabilities:
Fair value of warrant liability		—		—		3,827

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

A summary of the activity of the Level 3 liabilities carried at fair value on a recurring basis for the Year-ended December 31, 2022 and the three months ended March 31, 2023 is as follows (in thousands):

	December 31, 2022
Warrants liability as of January 1, 2022	$	—
Change in fair value of warrants		3,473
Warrants liability as of December 31, 2022	$	3,473
	March 31, 2023
Warrants liability as of January 1, 2023	$	3,473
Change in fair value of warrants		354
Warrants liability as of March 31, 2023	$	3,827