Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 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 March 31, 2021
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	46,142	$	1,984	$	48,126
Other		10		—		10
Total net revenue	$	46,152	$	1,984	$	48,136

	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

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,
	2021		2022
	(in thousands)
Heating, cooling and air quality	$	6,138	$	5,926
Kitchen appliances		12,150		8,450
Health and beauty		3,642		4,890
Personal protective equipment		1,154		1,040
Cookware, kitchen tools and gadgets		6,098		4,856
Home office		809		3,708
Housewares		7,182		6,547
Essential oils and related accessories		7,353		5,082
Other		3,610		1,174
Total net revenue	$	48,136	$	41,673

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 March 31, 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

	March 31, 2022
	Fair Value Measurement Category
	Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	44,281	$	—	$	—
Restricted cash		2,393		—		—
Liabilities:
Fair value of warrant liability						20,861
Estimated fair value of contingent earn-out considerations		—		—		6,448

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 three months ended March 31, 2022 is as follows (in thousands):

Balance at December 31, 2021	$	9,223
Change in fair value of contingent earn-out liability		(2,775	)
Balance at March 31, 2022	$	6,448
Balance at December 31, 2021	$	—
Issuance of warrants in connection with offering		18,982
Change in fair value of warrant liability		1,879
Balance at March 31, 2022	$	20,861