Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2022
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	56,947	$	256	$	57,203
Other		1,065		—		1,065
Total net revenue	$	58,012	$	256	$	58,268
	Three Months Ended June 30, 2023
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	33,175	$	796	$	33,971
Other		1,293		—		1,293
Total net revenue	$	34,468	$	796	$	35,264
	Six Months Ended June 30, 2022
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	95,580	$	1,884	$	97,464
Other		2,477		—		2,477
Total net revenue	$	98,057	$	1,884	$	99,941
	Six Months Ended June 30, 2023
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	65,137	$	2,312	$	67,449
Other		2,694		—		2,694
Total net revenue	$	67,831	$	2,312	$	70,143

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 for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended June 30,
	2022		2023
	(in thousands)
Heating, cooling and air quality	$	23,729	$	8,394
Kitchen appliances		8,484		6,277
Health and beauty		3,901		3,834
Cookware, kitchen tools and gadgets		4,245		2,287
Home office		3,324		2,627
Housewares		8,144		6,931
Essential oils and related accessories		5,759		4,263
Other		682		651
Total net revenue	$	58,268	$	35,264

	Six Months Ended June 30,
	2022		2023
	(in thousands)
Heating, cooling and air quality	$	29,656	$	13,742
Kitchen appliances		16,934		12,648
Health and beauty		8,791		8,691
Personal protective equipment		1,050		549
Cookware, kitchen tools and gadgets		9,101		5,907
Home office		7,032		5,294
Housewares		14,690		13,140
Essential oils and related accessories		10,841		8,851
Other		1,846		1,321
Total net revenue	$	99,941	$	70,143

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 June 30, 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
	June 30, 2023
	Fair Value Measurement Category
	Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	28,867	$	—	$	—
Restricted cash		2,422		—		—
Liabilities:
Fair value of warrant liability		—		—		1,630

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 six months ended June 30, 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
	June 30, 2023
Warrants liability as of January 1, 2023	$	3,473
Change in fair value of warrants		(1,843	)
Warrants liability as of June 30, 2023	$	1,630