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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 151,678 $ 321,629
Restricted cash 0 250
Accounts receivable, net of allowance for doubtful accounts of $192 as of December 31, 2023 and $46 as of December 31, 2022 63,602 26,441
Inventory, net 33,141 13,256
Prepaid expenses and other current assets 23,399 12,290
Total current assets 271,820 373,866
Property and equipment, net 26,966 15,829
Intangible assets, net 208,134 63,117
Goodwill 295,096 136,463
Operating lease right-of-use assets 13,790 12,055
Other assets and deposits 3,070 2,021
Total assets 818,876 603,351
Liabilities and stockholders' equity    
Accounts payable 18,405 14,186
Accrued payroll liabilities 6,621 11,541
Accrued expenses and other current liabilities 21,411 10,659
Contingent considerations 83,903 2,500
Intangible asset contract liability 4,429 9,377
Current debt obligations 4,106 15,700
Total current liabilities 138,875 63,963
Long-term debt, net of current portion 156,735 155,699
Warrant liability 0 45,398
Intangible asset contract liability, net of current portion 0 4,177
Deferred tax liabilities, non-current 13,696 7,823
Operating lease liability, non-current 10,850 10,115
Other long-term liabilities 21,695 1,844
Total liabilities 341,851 289,019
Commitments and contingencies (Note 20)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 0 shares issued or outstanding 0 0
Additional paid-in capital 813,742 568,564
Accumulated deficit (361,441) (243,816)
Accumulated other comprehensive loss (6,170) (11,951)
indie’s stockholders’ equity 446,149 312,812
Noncontrolling interest 30,876 1,520
Total stockholders' equity 477,025 314,332
Total liabilities and stockholders' equity 818,876 603,351
Class A    
Stockholders’ equity    
Common Stock 16 13
Class V    
Stockholders’ equity    
Common Stock $ 2 $ 2