XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 49,648 $ 43,110
Short-term investments 0 30,000
Accounts receivable, net 17,115 9,047
Inventories 33,924 31,501
Prepaid expenses and other current assets 2,079 3,421
Total current assets 102,766 117,079
Property and equipment, net 4,710 3,664
Right-of-use assets under operating leases, net 1,049 211
Intangible assets, net 3,638 3,738
Other non-current assets 575 301
Total assets 112,738 124,993
Current liabilities:    
Accounts payable 16,539 13,492
Accrued expenses and other current liabilities 7,947 6,705
Current portion of operating lease liabilities 685 236
Total current liabilities 25,171 20,433
Operating lease liabilities, net of current portion 368 1
Total liabilities 25,539 20,434
Commitments and contingencies (Note 9)
Permanent Equity (Deficit)    
Preferred Stock, $0.001 par value. 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2022 and December 31, 2021. 0 0
Class A common stock, $0.001 par value. 550,000,000 shares authorized, 43,406,758 and 34,463,417 shares issued and outstanding as of June 30 2022 and December 31, 2021, respectively. 43 34
Class B common stock, $0.001 par value. 250,000,000 shares authorized, 24,562,062 and 30,113,152 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively. 25 30
Additional paid-in capital 183,239 174,404
Accumulated deficit (67,974) (45,986)
Total Zevia PBC stockholder's equity 115,333 128,482
Noncontrolling Interests (28,134) (23,923)
Total equity 87,199 104,559
Total liabilities and equity $ 112,738 $ 124,993