Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows (Unaudited)

v3.10.0.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Aug. 05, 2018
Jul. 30, 2017
Cash Flows from Operating Activities    
Net loss $ (12,652,848) $ (5,751,615)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property and equipment 1,350,493 573,011
Amortization of other intangible assets 78,336 112,631
Amortization of deferred financing fees 84,661 72,282
Loss on disposal of property and equipment 6,139
Equity based compensation 2,334,104
Deferred rent 251,643 139,117
Changes in operating assets and liabilities:    
Accounts receivable (1,229,087) (799,590)
Merchandise inventories (8,598,437) (3,476,143)
Prepaid expenses and other current assets 268,482 (1,073,893)
Accounts payable and accrued expenses 3,521,298 1,305,883
Customer deposits 1,290,383 115,855
Net Cash Used in Operating Activities (13,294,833) (8,782,462)
Cash Flows from Investing Activities    
Purchase of property and equipment (6,033,856) (2,986,051)
Payments for patents and trademarks (243,249) (103,749)
Net Cash Used in Investing Activities (6,277,105) (3,089,800)
Cash Flows from Financing Activities    
Proceeds from initial public offering, net 59,168,596
Payments of initial public offering issuance costs (260,044)
Taxes paid for net share settlement of equity awards (7,902)
Proceeds from sale of equity 12,822,294
Principal payments on note payable (194,530)
Principal paydowns on the line of credit, net (405) (835,353)
Payments of deferred financing costs (292,095) (25,000)
Net Cash Provided by Financing Activities 58,608,150 11,767,411
Net Change in Cash and Cash Equivalents 39,036,212 (104,851)
Cash and Cash Equivalents - Beginning 9,175,951 878,696
Cash and Cash Equivalents - End 48,212,163 773,845
Supplemental Cash Flow Disclosures    
Cash paid for interest $ 38,803 $ 156,864