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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 146,730 $ 159,775
Short-term investments 38,595 0
Accounts receivable 6,269 6,866
Inventory, net 167,806 177,976
Prepaid expenses and other current assets 9,849 11,883
Total current assets 369,249 356,500
Non-current assets    
Property and equipment, net 11,399 11,024
Operating lease right-of-use assets 17,154 15,312
Deferred tax assets 11,955 10,971
Other assets 1,258 1,257
Total non-current assets 41,766 38,564
Total assets 411,015 395,064
Current liabilities    
Accounts payable 11,933 20,906
Operating lease liabilities 3,818 3,408
Accrued expenses 17,990 26,164
Accrued compensation and benefits 4,366 3,415
Sales tax payable 2,953 3,374
Gift card liability 8,390 7,882
Deferred revenue 777 2,786
Returns reserve 3,314 3,458
Income tax payable 3,290 0
Total current liabilities 56,831 71,393
Non-current liabilities    
Operating lease liabilities, non-current 17,086 15,756
Other non-current liabilities 176 176
Total liabilities 74,093 87,325
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of June 30, 2023 and December 31, 2022; zero shares issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Additional paid-in capital 291,306 268,606
Accumulated other comprehensive loss (8) 0
Retained earnings 45,608 39,117
Total stockholders’ equity 336,922 307,739
Total liabilities and stockholders’ equity 411,015 395,064
Class A Common Stock    
Stockholders’ equity    
Common stock 16 16
Class B Common Stock    
Stockholders’ equity    
Common stock $ 0 $ 0