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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 30,317 $ 26,718
Accounts receivable—net 10,478 5,747
Inventory 63,045 31,582
Prepaid and other current assets 21,034 11,111
Total current assets 124,874 75,158
PROPERTY AND EQUIPMENT—net 1,254 169
GOODWILL—net 119,941 47,318
OTHER INTANGIBLES—net 64,955 31,460
OTHER NON-CURRENT ASSETS 2,546 3,349
TOTAL ASSETS 313,570 157,454
CURRENT LIABILITIES:    
Credit facility 32,845 12,190
Accounts payable 21,716 14,856
Term loan   21,600
Seller notes 7,577 16,231
Contingent earn-out liability 3,983 1,515
Accrued and other current liabilities 17,621 8,340
Total current liabilities 83,742 74,732
OTHER LIABILITIES 360 1,841
CONTINGENT EARN-OUT LIABILITY 5,240 21,016
TERM LOANS   36,483
Total liabilities 89,342 134,072
COMMITMENTS AND CONTINGENCIES (Note 12)
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 55,090,237 shares outstanding at December 31, 2021 5 3
Additional paid-in capital 653,650 216,305
Accumulated deficit (428,959) (192,935)
Accumulated other comprehensive income (468) 9
Total stockholders’ equity 224,228 23,382
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 313,570 $ 157,454