Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 55,594 $ 41,372
Marketable securities 10,000 39,793
Accounts receivable, net of allowance for doubtful accounts of $0.9 million and $0.6 million at June 30, 2022 and December 31, 2021 8,313 5,741
Notes receivable, current, net of allowance for doubtful accounts of $1.3 million and $0.5 million at June 30, 2022 and December 31, 2021 1,372 2,440
Inventory 99,086 105,571
Prepaid income taxes 5,872 5,856
Prepaids and other current assets 9,209 16,116
Total current assets 189,446 216,889
Property and equipment, net 29,338 24,116
Operating leases right-of-use assets 47,367 43,730
Intangible assets, net 34,798 48,402
Goodwill 15,843 125,401
Other assets 875 800
TOTAL ASSETS 317,667 459,338
Current liabilities:    
Accounts payable 17,373 17,033
Accrued liabilities 1,268 2,044
Payroll and payroll tax liabilities 4,374 7,440
Customer deposits 6,294 11,686
Sales tax payable 1,739 1,923
Current maturities of lease liability 8,312 6,858
Current portion of long-term debt 96 92
Total current liabilities 39,456 47,076
Commitments and contingencies (Note 14)
Deferred tax liability 440 2,359
Operating lease liability, net of current maturities 41,028 38,546
Long-term debt, net of current portion 17 66
Total liabilities 80,941 88,047
Stockholders’ equity:    
Common stock; $0.001 par value; 100,000,000 shares authorized, 60,782,525 and 59,928,564 shares issued and outstanding as of June 30, 2022 and December 31, 2021 61 60
Additional paid-in capital 368,077 361,087
Retained earnings (deficit) (131,412) 10,144
Total stockholders’ equity 236,726 371,291
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 317,667 $ 459,338