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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 13,751 $ (29,106)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and Amortization Expense 808 666
Deferred income taxes (315) 3,153
Non-cash operating lease cost 1,061  
Stock-based compensation 17,254 61,027
Changes in operating assets and liabilities:    
Accounts receivable (2,637) 1,846
Due from related party (631) (4,875)
Inventory (41,578) (12,639)
Prepaid expenses and other current assets (4,929) (1,674)
Other assets (687) (6)
Accounts payable (4,081) 4,575
Accrued expenses 2,970 8,553
Deferred revenue 448 (1,102)
Accrued compensation and benefits (2,994) (70)
Returns reserve (387) 451
Sales tax payable 58 836
Income tax payable (3,973) 805
Gift card liability 319 350
Deferred rent and lease incentive   (49)
Operating lease liabilities (964)  
Other non-current liabilities (28) 0
Net cash (used in) provided by operating activities (26,535) 32,741
Cash flows from investing activities:    
Purchases of property and equipment (1,727) (1,023)
Purchases of held-to-maturity securities (500) 0
Net cash used in investing activities (2,227) (1,023)
Cash flows from financing activities:    
Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts 0 95,881
Payments of initial public offering issuance costs, net of reimbursements 0 (780)
Proceeds from stock option exercises and employee stock purchases 1,073 572
Tax payments related to net share settlements on restricted stock units 0 (21,556)
Capital contributions 479 0
Net cash provided by financing activities 1,552 74,117
Net (decrease) increase in cash, cash equivalents, and restricted cash (27,210) 105,835
Cash, cash equivalents, and restricted cash, beginning of period 197,430 58,133
Cash, cash equivalents, and restricted cash, end of period 170,220 163,968
Supplemental disclosures:    
Property and equipment included in accounts payable and accrued expenses 309 247
Deferred offering costs included in accounts payable and accrued expenses $ 0 $ 780