v3.20.2
Condensed Consolidated Statement of Cash Flows (unaudited) - USD ($)
9 Months Ended
Nov. 01, 2020
Nov. 03, 2019
Cash Flows from Operating Activities    
Net loss $ (6,976,216) $ (20,621,086)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 4,603,971 3,457,737
Amortization of other intangible assets 429,513 191,335
Amortization of deferred financing fees 65,062 54,768
Net loss (gain) on disposal of property and equipment 5,487 (166,865)
Equity based compensation 2,638,628 4,020,978
Deferred rent 3,279,556 903,945
Changes in operating assets and liabilities:    
Trade accounts receivable (42,489) (4,625,978)
Merchandise inventories (21,358,469) (24,052,012)
Prepaid expenses and other current assets (2,801,852) (2,781,766)
Accounts payable and accrued expenses 17,072,202 4,812,508
Customer deposits 10,014,855 2,367,227
Net Cash Provided by (Used in) Operating Activities 6,930,248 (36,439,209)
Cash Flows from Investing Activities    
Purchase of property and equipment (6,671,407) (6,834,382)
Payments for patents and trademarks (496,879) (449,278)
Proceeds from disposal of property and equipment   300,000
Net Cash Used in Investing Activities (7,168,286) (6,983,660)
Cash Flows from Financing Activities    
Proceeds from the issuance of common shares, net 25,610,000
Taxes paid for net share settlement of equity awards (564,441) (3,342,304)
Proceeds from the issuance of warrants, net   12,000
Paydowns of line of credit   (31,373)
Payment of deferred financing costs (50,000)  
Net Cash (Used in) Provided by Financing Activities (614,441) 22,248,323
Net Change in Cash and Cash Equivalents (852,479) (21,174,546)
Cash and Cash Equivalents - Beginning 48,538,827 49,070,952
Cash and Cash Equivalents - Ending 47,686,348 27,896,406
Supplemental Cash Flow Disclosures    
Cash paid for taxes 69,579 6,706
Cash paid for interest $ 61,685 $ 38,632

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