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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 75,328 $ 75,029
Restricted cash 4,011 4,336
Marketable securities – at fair value 74,109 116,589
Accounts receivable, net 6,922 8,206
Inventories 46,095 40,985
Other current assets 10,741 4,705
Total Current Assets 217,206 249,850
Marketable securities – at fair value 971 1,941
Property and equipment, net 13,042 22,628
Capitalized website and internal-use software costs, net 13,385 13,716
Operating lease assets 49,608  
Finance lease assets 11,811  
Lease vehicles, net 2,223 1,596
Other assets 553 558
Total Assets 308,799 290,289
Current Liabilities:    
Current portion of finance lease liabilities 560 509
Floor plan notes payable 22,052 27,815
Accounts payable 7,914 6,352
Accrued expenses 14,369 14,428
Current portion of operating lease liabilities 6,810  
Other current liabilities 662 754
Total Current Liabilities 52,367 49,858
Finance lease liabilities, less current portion 12,080 12,206
Operating leases, less current portion 45,076  
Earnout shares liability 3,650 7,679
Other liabilities 651 744
Total Liabilities 118,515 76,778
Commitments and Contingencies (Note 15) 0 0
Stockholders’ Equity (Deficit):    
Common stock, $0.0001 par value; 500,000,000 authorized shares, 114,111,796 and 113,996,401 shares issued and outstanding at March 31, 2022 and December 31, 2021 11 11
Additional paid-in capital 289,191 287,509
Accumulated deficit (98,752) (73,916)
Accumulated other comprehensive (loss) income (166) (93)
Total Stockholders’ Equity (Deficit) 190,284 213,511
Total Liabilities and Stockholders’ Equity (Deficit) 308,799 290,289
Merger warrants liability    
Current Liabilities:    
Merger warrants liability $ 4,691 $ 6,291