Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 40,054 $ 41,372
Marketable securities 31,852 39,793
Accounts receivable, net of allowance for doubtful accounts of $0.7 million and $0.6 million at December 31, 2022 and 2021 8,336 5,741
Notes receivable, current, net of allowance for doubtful accounts of $1,268 and $522 at December 31, 2022 and 2021 1,214 2,440
Inventory 77,091 105,571
Prepaid income taxes 5,679 5,856
Prepaids and other current assets 6,455 16,116
Total current assets 170,681 216,889
Property and equipment, net 28,669 24,116
Operating leases right-of-use assets 46,433 43,730
Intangible assets, net 30,878 48,402
Goodwill 15,978 125,401
Other assets 803 800
TOTAL ASSETS 293,442 459,338
Current liabilities:    
Accounts payable 15,728 17,033
Accrued liabilities 1,535 2,044
Payroll and payroll tax liabilities 4,671 7,440
Customer deposits 4,338 11,686
Sales tax payable 1,341 1,923
Current maturities of operating lease liability 8,131 6,858
Current portion of long-term debt 50 92
Total current liabilities 35,794 47,076
Deferred tax liability 0 2,359
Operating lease liability, net of current maturities 40,659 38,546
Long-term debt, net of current portion 0 66
Other long-term liabilities 593 0
Total liabilities 77,046 88,047
Commitments and contingencies (Note 18)
Stockholders’ Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 61,010,155 and 59,928,564 shares issued and outstanding as of December 31, 2022 and 2021, respectively 61 60
Additional paid-in capital 369,938 361,087
Retained earnings (deficit) (153,603) 10,144
Total stockholders’ equity 216,396 371,291
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 293,442 $ 459,338