Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
$ in Thousands
May 05, 2024
Feb. 04, 2024
Current Assets    
Cash and cash equivalents $ 72,362 $ 87,036
Trade accounts receivable, net 7,176 13,463
Merchandise inventories, net 94,713 98,440
Prepaid expenses 14,589 11,664
Other current assets 1,951 3,845
Total Current Assets 190,791 214,448
Property and equipment, net 77,001 70,807
Operating lease right-of-use assets 162,461 155,856
Goodwill 144 144
Intangible assets, net 1,454 1,457
Deferred tax asset 14,988 10,803
Other assets 30,350 28,665
Total Assets 477,189 482,180
Current Liabilities    
Accounts payable 28,107 28,821
Accrued expenses 36,397 38,622
Payroll payable 6,042 6,998
Customer deposits 12,094 8,257
Current operating lease liabilities 18,460 17,628
Sales taxes payable 4,426 6,030
Total Current Liabilities 105,526 106,356
Operating lease liabilities, long-term 165,879 157,876
Income tax payable, long-term 452 452
Line of credit 0 0
Total Liabilities 271,857 264,684
Commitments and Contingencies (see Note 6)
Stockholders’ Equity    
Preferred Stock $0.00001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of May 5, 2024 and February 4, 2024. 0 0
Common Stock $0.00001 par value, 40,000,000 shares authorized, 15,525,689 shares issued and outstanding as of May 5, 2024 and 15,489,364 shares issued and outstanding as of February 4, 2024. 0 0
Additional paid-in capital 183,891 183,095
Accumulated earnings 21,441 34,401
Stockholders' Equity 205,332 217,496
Total Liabilities and Stockholders' Equity $ 477,189 $ 482,180