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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 155,582 $ 195,374
Restricted cash 0 2,056
Accounts receivable 8,368 2,441
Inventory, net 168,088 86,068
Prepaid expenses and other current assets 13,870 7,400
Total current assets 345,908 293,339
Non-current assets    
Property and equipment, net 10,823 7,613
Operating lease right-of-use assets 15,974  
Deferred tax assets 11,215 10,239
Other assets 1,738 560
Total non-current assets 39,750 18,412
Total assets 385,658 311,751
Current liabilities    
Accounts payable 21,162 14,604
Operating lease liabilities 3,379 0
Accrued expenses 32,365 24,677
Accrued compensation and benefits 5,216 6,464
Sales tax payable 3,703 3,728
Gift card liability 5,993 5,590
Deferred revenue 1,236 596
Returns reserve 3,424 2,761
Income tax payable 0 3,973
Total current liabilities 76,478 62,393
Non-current liabilities    
Operating lease liabilities, non-current 16,520  
Deferred rent and lease incentive   3,542
Other non-current liabilities 215 243
Total liabilities 93,213 66,178
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of September 30, 2022 and December 31, 2021; zero shares issued and outstanding as of September 30, 2022 and December 31, 2021 0 0
Additional paid-in capital 256,703 227,626
Retained earnings 35,726 17,931
Total stockholders’ equity 292,445 245,573
Total liabilities and stockholders’ equity 385,658 311,751
Class A Common Stock    
Stockholders’ equity    
Common stock 15 15
Class B Common Stock    
Stockholders’ equity    
Common stock $ 1 $ 1