Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.23.3
Balance Sheets - USD ($)
$ in Thousands
Jan. 29, 2023
Jan. 30, 2022
Current Assets    
Cash and cash equivalents $ 43,533 $ 92,392
Trade accounts receivable 9,103 8,547
Merchandise inventories, net 119,627 108,493
Prepaid expenses and other current assets 15,452 12,299
Total Current Assets 187,715 221,731
Property and equipment, net 52,904 34,137
Operating lease right-of-use assets 135,411 100,891
Other Assets    
Goodwill 144 144
Intangible assets, net 1,411 1,413
Deferred tax asset 8,677 9,721
Other assets 22,364 1,047
Total Other Assets 32,596 12,325
Total Assets 408,626 369,084
Current Liabilities    
Accounts payable 24,576 33,247
Accrued expenses 25,417 40,859
Payroll payable 6,783 9,978
Customer deposits 6,760 13,316
Current operating lease liabilities 13,075 11,937
Sales taxes payable 5,430 5,359
Total Current Liabilities 82,041 114,696
Operating Lease Liabilities, long term 133,491 96,574
Line of Credit 0 0
Total Liabilities 215,532 211,270
Commitments and Contingencies (See Note 9)
Stockholders’ Equity    
Preferred Stock $0.00001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of Jan 29, 2023 and Jan 30, 2022. 0 0
Common Stock $0.00001 par value, 40,000,000 shares authorized, 15,195,698 shares issued and outstanding as of Jan 29, 2023 and 15,123,338 shares issued and outstanding as of Jan 30, 2022. 0 0
Additional paid-in capital 182,554 173,762
Accumulated earnings (deficit) 10,540 (15,948)
Stockholders’ Equity 193,094 157,814
Total Liabilities and Stockholders’ Equity $ 408,626 $ 369,084