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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 41,216 $ 13,642
Accounts receivable, net 40,488 37,272
Inventories 52,540 42,374
Prepaid expenses and other current assets 5,133 3,824
Total current assets 139,377 97,112
Property and equipment, net 25,212 22,655
Right of use asset, net 7,473 8,932
Deferred tax asset 23,697 25,569
Derivative asset- interest rate swap 5,258 8,651
Deposits and other assets 24 24
Total assets 201,041 162,943
CURRENT LIABILITIES    
Current portion of long-term debt 10,313 14,372
Current portion of lease liabilities 1,948 1,846
Current portion of tax receivable agreement liability 1,425 2,367
Accounts payable 5,193 7,127
Accrued expenses 11,986 10,154
Commission payable 4,429 3,317
Bonus payable 5,616 8,177
Total current liabilities 40,910 47,360
Long-term debt, net of deferred finance costs 198,331 216,276
Convertible notes 127,832 127,348
Derivative liability - convertible notes redemption make-whole provision 425 285
Warrant liability 8,294 16,341
Lease liabilities 6,220 7,766
Tax receivable agreement liability 23,949 24,475
Earnout consideration liability 853 15,090
Total liabilities 406,814 454,941
Commitments and contingencies (Note 16)
Redeemable non-controlling interest 596,587 600,234
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding 0 0
Additional paid in capital 39,466 24,107
Accumulated other comprehensive income 4,991 8,283
Accumulated deficit (846,825) (924,630)
Total stockholders' deficit (802,360) (892,232)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 201,041 162,943
Class A Common Stock    
CURRENT LIABILITIES    
Common stock 2 2
Class B Common Stock    
CURRENT LIABILITIES    
Common stock $ 6 $ 6