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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 112,347 $ 151,678
Restricted cash 10,300 0
Accounts receivable, net of allowance for doubtful accounts of $510 and $192 for June 30, 2024 and December 31, 2023, respectively 58,074 63,602
Inventory, net 42,464 33,141
Prepaid expenses and other current assets 24,371 23,399
Total current assets 247,556 271,820
Property and equipment, net 33,511 26,966
Intangible assets, net 205,402 208,134
Goodwill 289,276 295,096
Operating lease right-of-use assets 14,481 13,790
Other assets and deposits 7,100 3,070
Total assets 797,326 818,876
Liabilities and stockholders' equity    
Accounts payable 26,525 18,405
Accrued payroll liabilities 9,200 6,621
Contingent consideration 13,149 83,903
Accrued expenses and other current liabilities 27,595 21,411
Intangible asset contract liability 4,089 4,429
Current debt obligations 12,586 4,106
Total current liabilities 93,144 138,875
Long-term debt, net of current portion 157,263 156,735
Intangible asset contract liability, net of current portion 11,246 0
Deferred tax liabilities, non-current 12,996 13,696
Operating lease liability, non-current 11,393 10,850
Other long-term liabilities 8,651 21,695
Total liabilities 294,693 341,851
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 896,220 813,742
Accumulated deficit (411,780) (361,441)
Accumulated other comprehensive loss (13,750) (6,170)
indie's stockholders' equity 470,710 446,149
Noncontrolling interest 31,923 30,876
Total stockholders' equity 502,633 477,025
Total liabilities and stockholders' equity 797,326 818,876
Class A    
Stockholders' equity    
Common stock 18 16
Class V    
Stockholders' equity    
Common stock $ 2 $ 2