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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 170,220 $ 195,374
Restricted cash 0 2,056
Accounts receivable 5,078 2,441
Due from related party 631 0
Inventory, net 127,646 86,068
Prepaid expenses and other current assets 12,329 7,400
Total current assets 315,904 293,339
Non-current assets    
Property and equipment, net 8,809 7,613
Operating lease right-of-use assets 16,632  
Deferred tax assets 10,554 10,239
Other assets 1,747 560
Total non-current assets 37,742 18,412
Total assets 353,646 311,751
Current liabilities    
Accounts payable 10,608 14,604
Operating lease liabilities 3,004 0
Accrued expenses 27,839 24,677
Accrued compensation and benefits 3,470 6,464
Sales tax payable 3,786 3,728
Gift card liability 5,909 5,590
Deferred revenue 1,044 596
Returns reserve 2,374 2,761
Income tax payable 0 3,973
Total current liabilities 58,034 62,393
Non-current liabilities    
Operating lease liabilities, non-current 17,267  
Deferred rent and lease incentive   3,542
Other non-current liabilities 215 243
Total liabilities 75,516 66,178
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of June 30, 2022 and December 31, 2021; zero shares issued and outstanding as of June 30, 2022 and December 31, 2021 0 0
Additional paid-in capital 246,432 227,626
Retained earnings 31,682 17,931
Total stockholders’ equity 278,130 245,573
Total liabilities and stockholders’ equity 353,646 311,751
Class A Common Stock    
Stockholders’ equity    
Common stock 15 15
Class B Common Stock    
Stockholders’ equity    
Common stock $ 1 $ 1