v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash, cash equivalents and restricted cash $ 26,857 $ 41,754
Accounts receivable, net 37,802 34,566
Inventories 66,878 73,197
Prepaid expenses 8,536 7,821
Other current assets 1,737 4,117
Total current assets 141,810 161,455
Property and equipment, net 128,661 136,673
Operating lease right-of-use assets 95,767 102,541
Goodwill 4,897
Intangible assets, net 22,196 26,221
Other long-term assets 2,191 1,546
Total assets 390,625 433,333
Current liabilities:    
Accounts payable 49,831 46,441
Customer prepayments 5,718 4,452
Accrued rebates and allowances 13,243 9,804
Accrued warranty liabilities – current portion 9,793 5,803
Operating lease obligations – current portion 14,843 13,708
Other current liabilities 17,554 17,921
Total current liabilities 110,982 98,129
Debt, net of current portion 26,909 23,657
Accrued warranty liabilities, net of current portion 25,798 18,660
Operating lease obligations, net of current portion 109,094 115,599
Asset retirement obligations 2,235 2,117
Total liabilities 275,018 258,162
Commitments and contingencies
Stockholders’ equity:    
Additional paid-in capital 591,380 529,466
Accumulated deficit (475,969) (355,212)
Total stockholders’ equity attributable to Purple Innovation, Inc. 115,422 174,263
Noncontrolling interest 185 908
Total stockholders’ equity 115,607 175,171
Total liabilities and stockholders’ equity 390,625 433,333
Class A Common Stock    
Stockholders’ equity:    
Common stock; value 11 9
Class B Common Stock    
Stockholders’ equity:    
Common stock; value