Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 71,060 $ 41,372
Marketable securities 0 39,793
Accounts receivable, net of allowance for doubtful accounts of $1.1 million and $0.6 million at September 30, 2022 and December 31, 2021 10,147 5,741
Notes receivable, current, net of allowance for doubtful accounts of $1.3 million and $0.5 million at September 30, 2022 and December 31, 2021 1,247 2,440
Inventory 89,080 105,571
Prepaid income taxes 6,339 5,856
Prepaids and other current assets 5,495 16,116
Total current assets 183,368 216,889
Property and equipment, net 29,846 24,116
Operating leases right-of-use assets 44,510 43,730
Intangible assets, net 32,611 48,402
Goodwill 15,843 125,401
Other assets 886 800
TOTAL ASSETS 307,064 459,338
Current liabilities:    
Accounts payable 16,133 17,033
Accrued liabilities 1,984 2,044
Payroll and payroll tax liabilities 4,394 7,440
Customer deposits 5,390 11,686
Sales tax payable 1,601 1,923
Current maturities of lease liability 7,970 6,858
Current portion of long-term debt 89 92
Total current liabilities 37,561 47,076
Commitments and contingencies (Note 14)
Deferred tax liability 193 2,359
Operating lease liability, net of current maturities 38,588 38,546
Long-term debt, net of current portion 0 66
Other long-term liabilities 111 0
Total liabilities 76,453 88,047
Stockholders’ equity:    
Common stock; $0.001 par value; 100,000,000 shares authorized, 60,859,674 and 59,928,564 shares issued and outstanding as of September 30, 2022 and December 31, 2021 61 60
Additional paid-in capital 369,164 361,087
Retained earnings (deficit) (138,614) 10,144
Total stockholders’ equity 230,611 371,291
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 307,064 $ 459,338