Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Nov. 03, 2019
Nov. 04, 2018
Cash Flows from Operating Activities    
Net loss $ (20,621,086) $ (15,143,466)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property and equipment 3,457,737 2,374,743
Amortization of other intangible assets 191,335 138,266
Amortization of deferred financing fees 54,768 102,917
Net (gain) loss on disposal of property and equipment (166,865) 6,139
Equity based compensation 4,020,978 2,849,842
Deferred rent 903,945 382,353
Changes in operating assets and liabilities:    
Accounts receivable (4,625,978) (108,136)
Merchandise inventories (24,052,012) (12,977,256)
Prepaid expenses and other current assets (2,781,766) (190,920)
Accounts payable and accrued expenses 4,812,508 6,726,184
Customer deposits 2,367,227 1,615,798
Net Cash Used in Operating Activities (36,439,209) (14,223,536)
Cash Flows from Investing Activities    
Purchase of property and equipment (6,834,382) (8,436,529)
Payments for patents and trademarks (449,278) (440,185)
Proceeds from disposal of property and equipment 300,000
Net Cash Used in Investing Activities (6,983,660) (8,876,714)
Cash Flows from Financing Activities    
Proceeds from issuance of common shares, net 25,610,000 59,168,596
Payments of initial public offering issuance costs (260,044)
Taxes paid for net share settlement of equity awards (3,342,304) (7,902)
Proceeds from sale of preferred stock and warrants, net of issuance costs 12,000
Paydowns of borrowings on the line of credit, net (31,373) (405)
Payments of deferred financing costs (292,095)
Net Cash Provided by Financing Activities 22,248,323 58,608,150
Net Change in Cash and Cash Equivalents (21,174,546) 35,507,900
Cash and Cash Equivalents - Beginning 49,070,952 9,175,951
Cash and Cash Equivalents - End 27,896,406 44,683,851
Supplemental Cash Flow Disclosures    
Cash paid for interest $ 38,632 $ 48,256