XML 16 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 79,231 $ 26,766
Accounts receivable, net 6,948 5,231
Inventory, net 11,183 9,615
Other current assets 3,816 5,473
Total current assets 101,178 47,085
Property and equipment, net 1,504 2,335
Capitalized software, net 5,073 4,554
Operating lease right-of-use assets 2,052 356
Deferred tax asset 1,838  
Total assets 111,645 54,330
Current liabilities    
Accounts payable 4,112 4,349
Accrued expenses 6,274 6,011
Term loan, current 6,250 5,000
Deferred revenue, current 1,965 1,705
Operating lease liabilities, current 165 248
Total current liabilities 18,766 17,313
Term loan, net of current portion 112,086 31,963
Deferred revenue, net of current portion 926 802
Operating lease liabilities, net of current portion 1,927 127
Warrant liability 4,104  
Earnout liability 32,110  
Total liabilities 169,919 50,205
Commitments and contingencies (See Note 18)
Stockholders' Equity (Deficit)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued or outstanding
Additional paid-in capital 0 0
Retained earnings (Accumulated deficit) (44,460) 4,165
Accumulated other comprehensive loss (5) (40)
biote Corp.'s stockholders' equity (deficit) (44,459) 4,125
Noncontrolling interest (13,815)  
Total stockholders' equity (deficit) (58,274) 4,125
Total liabilities and stockholders' equity (deficit) 111,645 54,330
Class A Common Stock    
Stockholders' Equity (Deficit)    
Common stock value 1  
Class B Common Stock    
Stockholders' Equity (Deficit)    
Common stock value 0 $ 0
Class V Common Stock    
Stockholders' Equity (Deficit)    
Common stock value $ 5