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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 37,470 $ 26,718
Accounts receivable—net 9,292 5,747
Inventory 71,273 31,582
Prepaid and other current assets 12,831 11,111
Total current assets 130,866 75,158
PROPERTY AND EQUIPMENT—net 1,299 169
GOODWILL—net 118,619 47,318
OTHER INTANGIBLES—net 67,355 31,460
OTHER NON-CURRENT ASSETS 3,546 3,349
TOTAL ASSETS 321,685 157,454
CURRENT LIABILITIES:    
Credit facility   12,190
Accounts payable 24,640 14,856
Term loan   21,600
Seller notes 8,827 16,231
Contingent earn-out liability 14,886 1,515
Accrued and other current liabilities 18,177 8,340
Total current liabilities 66,530 74,732
OTHER LIABILITIES 379 1,841
CONTINGENT EARN-OUT LIABILITY 16,667 21,016
TERM LOANS 25,454 36,483
Total liabilities 109,030 134,072
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY:    
Common stock, par value $0.0001 per share—500,000,000 shares authorized and 27,074,791 shares outstanding at December 31, 2020; 500,000,000 shares authorized and 50,049,660 shares outstanding at September 30, 2021 5 3
Additional paid-in capital 635,296 216,305
Accumulated deficit (422,350) (192,935)
Accumulated other comprehensive income (loss) (296) 9
Total stockholders’ equity 212,655 23,382
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 321,685 $ 157,454