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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 138,174 $ 151,678
Restricted cash 10,000 0
Accounts receivable, net of allowance for doubtful accounts of $156 and $192 for March 31, 2024 and December 31, 2023, respectively 52,418 63,602
Inventory, net 37,899 33,141
Prepaid expenses and other current assets 25,259 23,399
Total current assets 263,750 271,820
Property and equipment, net 29,399 26,966
Intangible assets, net 198,635 208,134
Goodwill 290,397 295,096
Operating lease right-of-use assets 14,332 13,790
Other assets and deposits 7,135 3,070
Total assets 803,648 818,876
Liabilities and stockholders' equity    
Accounts payable 18,955 18,405
Accrued payroll liabilities 13,037 6,621
Contingent consideration 75,122 83,903
Accrued expenses and other current liabilities 29,280 21,411
Intangible asset contract liability 2,088 4,429
Current debt obligations 13,184 4,106
Total current liabilities 151,666 138,875
Long-term debt, net of current portion 156,996 156,735
Deferred tax liabilities, non-current 13,047 13,696
Operating lease liability, non-current 11,258 10,850
Other long-term liabilities 9,210 21,695
Total liabilities 342,177 341,851
Commitments and contingencies (Note 17)
Stockholders' equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid-in capital 836,286 813,742
Accumulated deficit (392,620) (361,441)
Accumulated other comprehensive loss (10,808) (6,170)
indie's stockholders' equity 432,877 446,149
Noncontrolling interest 28,594 30,876
Total stockholders' equity 461,471 477,025
Total liabilities and stockholders' equity 803,648 818,876
Class A    
Stockholders' equity    
Common stock 17 16
Class V    
Stockholders' equity    
Common stock $ 2 $ 2