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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 34,995 $ 26,718
Accounts receivable—net 7,192 5,747
Inventory 55,026 31,582
Prepaid and other current assets 24,577 11,111
Total current assets 121,790 75,158
PROPERTY AND EQUIPMENT—net 166 169
GOODWILL AND OTHER INTANGIBLES—net 140,473 78,778
OTHER NON-CURRENT ASSETS 3,552 3,349
TOTAL ASSETS 265,981 157,454
CURRENT LIABILITIES:    
Credit facility 14,319 12,190
Accounts payable 26,475 14,856
Term loan 21,600 21,600
Seller notes 10,677 16,231
Contingent earn-out liability 18,783 1,515
Accrued and other current liabilities 14,181 8,340
Total current liabilities 106,035 74,732
OTHER LIABILITIES 1,841 1,841
CONTINGENT EARN-OUT LIABILITY 35,951 21,016
TERM LOANS 83,689 36,483
Total liabilities 227,516 134,072
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY:    
Common stock, par value $0.0001 per share—500,000,000 shares authorized and 27,074,791 shares outstanding at December 31, 2020; 500,000,000 shares authorized and 30,590,796 shares outstanding at March 31, 2021 3 3
Additional paid-in capital 313,911 216,305
Accumulated deficit (275,488) (192,935)
Accumulated other comprehensive income 39 9
Total stockholders’ equity 38,465 23,382
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 265,981 $ 157,454