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BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 189,401 $ 195,374
Restricted cash 0 2,056
Accounts receivable 2,910 2,441
Inventory, net 102,765 86,068
Prepaid expenses and other current assets 11,257 7,400
Total current assets 306,333 293,339
Non-current assets    
Property and equipment, net 7,719 7,613
Operating lease right-of-use assets 17,248 0
Deferred tax assets 10,645 10,239
Other assets 745 560
Total non-current assets 36,357 18,412
Total assets 342,690 311,751
Current liabilities    
Accounts payable 17,010 14,604
Operating lease liabilities 2,806 0
Accrued expenses 24,200 24,677
Accrued compensation and benefits 4,093 6,464
Sales tax payable 4,335 3,728
Gift card liability 5,275 5,590
Deferred revenue 605 596
Returns reserve 2,528 2,761
Income tax payable 325 3,973
Total current liabilities 61,177 62,393
Non-current liabilities    
Operating lease liabilities, noncurrent 17,969 0
Deferred rent and lease incentive 0 3,542
Other non-current liabilities 243 243
Total liabilities 79,389 66,178
Commitments and contingencies
Stockholders’ equity    
Preferred stock - par value $0.0001 per share, 100,000,000 shares authorized as of March 31, 2022 and December 31, 2021; zero shares issued and outstanding as of March 31, 2022 and December 31, 2021
Additional paid-in capital 236,455 227,626
Retained earnings 26,830 17,931
Total stockholders’ equity 263,301 245,573
Total liabilities and stockholders’ equity 342,690 311,751
Class A Common Stock    
Stockholders’ equity    
Common stock 15 15
Class B Common Stock    
Stockholders’ equity    
Common stock $ 1 $ 1