v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 62,738 $ 40,054
Marketable securities 9,126 31,852
Accounts receivable, net of allowance for credit losses of $0.7 million and $0.7 million at March 31, 2023 and December 31, 2022 7,569 8,336
Notes receivable, current, net of allowance for credit losses of $1.7 million and $1.3 million at March 31, 2023 and December 31, 2022 0 1,214
Inventory 75,581 77,091
Prepaid income taxes 625 5,679
Prepaids and other current assets 8,250 6,455
Total current assets 163,889 170,681
Property and equipment, net 30,274 28,669
Operating leases right-of-use assets 43,581 46,433
Intangible assets, net 28,479 30,878
Goodwill 15,978 15,978
Other assets 442 803
TOTAL ASSETS 282,643 293,442
Current liabilities:    
Accounts payable 15,414 15,728
Accrued liabilities 1,985 1,535
Payroll and payroll tax liabilities 2,363 4,671
Customer deposits 3,916 4,338
Sales tax payable 1,467 1,341
Current maturities of lease liability 8,004 8,131
Current portion of long-term debt 34 50
Total current liabilities 33,183 35,794
Commitments and contingencies (Note 12)
Operating lease liability, net of current maturities 38,130 40,659
Other long-term liabilities 627 593
Total liabilities 71,940 77,046
Stockholders’ equity:    
Common stock; $0.001 par value; 100,000,000 shares authorized, 61,035,521 and 61,010,155 shares issued and outstanding as of March 31, 2023 and December 31, 2022 61 61
Additional paid-in capital 370,379 369,938
Retained earnings (deficit) (159,737) (153,603)
Total stockholders’ equity 210,703 216,396
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 282,643 $ 293,442

Source