Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 41,372 $ 177,912
Marketable securities 39,793 0
Accounts receivable, net of allowance for doubtful accounts of $581 and $192 at December 31, 2021 and 2020 5,741 3,901
Notes receivable, current, net of allowance for doubtful accounts of $522 and $292 at December 31, 2021 and 2020 2,440 2,612
Inventory 105,571 54,024
Prepaid income taxes 5,856 655
Prepaids and other current assets 16,116 11,125
Total current assets 216,889 250,229
Property and equipment, net 24,116 7,416
Operating leases right-of-use assets, net 43,730 12,088
Notes receivables, net of current portion 0 1,200
Intangible assets, net 48,402 20,549
Goodwill 125,401 62,951
Other assets 800 301
TOTAL ASSETS 459,338 354,734
Current liabilities:    
Accounts payable 17,033 14,623
Accrued liabilities 2,044 672
Payroll and payroll tax liabilities 7,440 2,655
Customer deposits 11,686 5,155
Sales tax payable 1,923 1,161
Current maturities of lease liability 6,858 3,001
Current portion of long-term debt 92 83
Total current liabilities 47,076 27,350
Deferred tax liability 2,359 750
Operating lease liability, net of current maturities 38,546 9,479
Long-term debt, net of current portion 66 158
Total liabilities 88,047 37,737
Commitments and contingencies
Stockholders’ Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 59,928,564 and 57,150,998 shares issued and outstanding as of December 31, 2021 and 2020, respectively 60 57
Additional paid-in capital 361,087 319,582
Retained earnings (deficit) 10,144 (2,642)
Total stockholders’ equity 371,291 316,997
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 459,338 $ 354,734