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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 155,877 $ 159,775
Accounts receivable 3,781 6,866
Inventory, net 180,373 177,976
Prepaid expenses and other current assets 9,580 11,883
Total current assets 349,611 356,500
Non-current assets    
Property and equipment, net 11,241 11,024
Operating lease right-of-use assets 14,646 15,312
Deferred tax assets 11,411 10,971
Other assets 1,195 1,257
Total non-current assets 38,493 38,564
Total assets 388,104 395,064
Current liabilities    
Accounts payable 8,571 20,906
Operating lease liabilities 3,437 3,408
Accrued expenses 21,270 26,164
Accrued compensation and benefits 3,646 3,415
Sales tax payable 3,706 3,374
Gift card liability 7,531 7,882
Deferred revenue 706 2,786
Returns reserve 3,502 3,458
Income tax payable 382 0
Total current liabilities 52,751 71,393
Non-current liabilities    
Operating lease liabilities, non-current 14,984 15,756
Other non-current liabilities 176 176
Total liabilities 67,911 87,325
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of March 31, 2023 and December 31, 2022; zero shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Additional paid-in capital 279,151 268,606
Retained earnings 41,026 39,117
Total stockholders’ equity 320,193 307,739
Total liabilities and stockholders’ equity 388,104 395,064
Class A Common Stock    
Stockholders’ equity    
Common stock 16 16
Class B Common Stock    
Stockholders’ equity    
Common stock $ 0 $ 0