Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

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, 2020
	(in thousands)
	Direct		Wholesale		Managed PaaS		Total
North America	$	48,415	$	10,022	$	340	$	58,777
Other		6		—		—		6
Total net revenue	$	48,421	$	10,022	$	340	$	58,783
	Three Months Ended September 30, 2021
	(in thousands)
	Direct		Wholesale		Managed PaaS		Total
North America	$	64,920	$	1,979	$	67	$	66,966
Other		1,155		—		—		1,155
Total net revenue	$	66,075	$	1,979	$	67	$	68,121

	Nine Months Ended September 30, 2020
	(in thousands)
	Direct		Wholesale		Managed PaaS		Total
North America	$	127,316	$	15,808	$	1,046	$	144,170
Other		42		—		—		42
Total net revenue	$	127,358	$	15,808	$	1,046	$	144,212
	Nine Months Ended September 30, 2021
	(in thousands)
	Direct		Wholesale		Managed PaaS		Total
North America	$	178,218	$	3,781	$	357	$	182,356
Other		2,090		—		—		2,090
Total net revenue	$	180,308	$	3,781	$	357	$	184,446

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,
	2020		2021
	(in thousands)
Heating, cooling and air quality	$	31,986	$	29,988
Kitchen appliances		9,620		8,084
Health and beauty		4,883		1,273
Personal protective equipment		8,701		1,298
Cookware, kitchen tools and gadgets		1,021		5,221
Home office		920		4,190
Housewares		562		10,418
Essential oils and related accessories		—		5,722
Other		750		1,860
Total net product revenue		58,443		68,054
Managed PaaS		340		67
Total net revenue	$	58,783	$	68,121

	Nine Months Ended September 30,
	2020		2021
	(in thousands)
1	0
Heating, cooling and air quality	$	71,403	$	62,968
Kitchen appliances		27,805		29,208
Health and beauty		14,483		6,736
Personal protective equipment		15,356		2,957
Cookware, kitchen tools and gadgets		3,999		16,867
Home office		2,619		7,710
Housewares		3,085		26,709
Essential oils and related accessories		—		23,017
Other		4,416		7,917
Total net product revenue		143,166		184,089
Managed PaaS		1,046		357
Total net revenue	$	144,212	$	184,446

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, 2020 and September 30, 2021 (in thousands):

	December 31, 2020
	Fair Value Measurement Category
	Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	26,718	$	—	$	—
Restricted cash		3,379		—		—
Liabilities:
Fair market value of warrant liability		—		—		31,821
Estimated fair value of contingent earn-out considerations		—		—		22,531

	September 30, 2021
	Fair Value Measurement Category
	Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	37,470	$	—	$	—
Restricted cash		2,129		—		—
Liabilities:
Estimated fair value of contingent earn-out considerations		—		—		31,553
Fair market value of warrant liability		—		—		—
Fair value of derivative liability		—		—		1,360

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, 2021 is as follows (in thousands):

Balance at December 31, 2020	$	22,531
Fair value at issuance of contingent earn-out liability		20,971
Change in fair value of contingent earn-out liability		(11,949	)
Balance at September 30, 2021	$	31,553
Balance at December 31, 2020	$	31,821
Modification of warrant liability to equity classification		(58,276	)
Change in fair value of warrant liability		26,455
Balance at September 30, 2021	$	—
Balance at December 31, 2020	$	—
Fair value at issuance of derivative liability		(1,894	)
Change in fair value of derivative liability		3,254
Balance at September 30, 2021	$	1,360