v3.20.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Aug. 02, 2020
Aug. 04, 2019
Cash Flows from Operating Activities    
Net loss $ (9,454,675) $ (13,872,776)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 3,015,012 2,147,743
Amortization of other intangible assets 164,550 123,670
Amortization of deferred financing fees 42,394 36,512
Net loss (gain) on disposal of property and equipment 5,487 (166,865)
Equity based compensation 1,575,183 3,393,099
Deferred rent 2,360,113 88,774
Changes in operating assets and liabilities:    
Trade accounts receivable 961,404 (1,625,830)
Merchandise inventories (4,614,759) (14,502,594)
Prepaid expenses and other current assets 2,375,123 (1,098,234)
Accounts payable and accrued expenses 8,201,988 1,942,148
Customer deposits 7,441,436 493,128
Net Cash Provided by (Used in) Operating Activities 12,073,256 (23,041,225)
Cash Flows from Investing Activities    
Purchase of property and equipment (4,917,262) (4,117,755)
Payments for patents and trademarks (354,143) (257,029)
Proceeds from disposal of property and equipment   300,000
Net Cash Used in Investing Activities (5,271,405) (4,074,784)
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 (455,420) (3,343,218)
Proceeds from the issuance of warrants, net   12,000
Paydowns of line of credit   (31,373)
Payments of deferred financing costs (50,000)  
Net Cash (Used in) Provided by Financing Activities (505,420) 22,247,409
Net Change in Cash and Cash Equivalents 6,296,431 (4,868,600)
Cash and Cash Equivalents - Beginning 48,538,827 49,070,952
Cash and Cash Equivalents - Ending 54,835,258 44,202,352
Supplemental Cash Flow Disclosures    
Cash paid for taxes 58,800  
Cash paid for interest $ 37,557 $ 24,045

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