Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2021
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	67,155	$	108	$	67,263
Other		925		—		925
Total net revenue	$	68,080	$	108	$	68,188
	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

	Six Months Ended June 30, 2021
	(in thousands)
	Direct		Wholesale/Other		Total
North America	$	113,297	$	2,092	$	115,389
Other		935		—		935
Total net revenue	$	114,232	$	2,092	$	116,324
	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

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 June 30,
	2021		2022
	(in thousands)
Heating, cooling and air quality	$	26,842	$	23,729
Kitchen appliances		8,974		8,484
Health and beauty		1,821		3,901
Personal protective equipment		505		10
Cookware, kitchen tools and gadgets		5,548		4,245
Home office		2,711		3,324
Housewares		9,109		8,144
Essential oils and related accessories		9,942		5,759
Other		2,736		672
Total net revenue	$	68,188	$	58,268

	Six Months Ended June 30,
	2021		2022
	(in thousands)
Heating, cooling and air quality	$	32,980	$	29,656
Kitchen appliances		21,124		16,934
Health and beauty		5,463		8,791
Personal protective equipment		1,659		1,050
Cookware, kitchen tools and gadgets		11,646		9,101
Home office		3,520		7,032
Housewares		16,291		14,690
Essential oils and related accessories		17,295		10,841
Other		6,346		1,846
Total net revenue	$	116,324	$	99,941

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 June 30, 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:
Fair value of contingent earn-out considerations		—		—		9,223

	June 30, 2022
	Fair Value Measurement Category
	Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	34,781	$	—	$	—
Restricted cash		2,274		—		—
Liabilities:
Fair value of contingent earn-out considerations		—		—		774
Fair value of warrant liability		—		—		11,836

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 six months ended June 30, 2022 is as follows (in thousands):

Balance at December 31, 2021 - Fair value of contingent earn-out considerations	$	9,223
Change in fair value of contingent earn-out liability		(4,466	)
Payment of contingent earn-out liability		(3,983	)
Balance at June 30, 2022 - Fair value of contingent earn-out considerations	$	774
Balance at December 31, 2021 - Fair value of warrant liability	$	—
Issuance of warrants in connection with offering		18,982
Change in fair value of warrant liability		7,893
Exercise of prefunded warrants		(15,039	)
Balance at June 30, 2022 - Fair value of warrant liability	$	11,836