Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Aug. 01, 2021
Aug. 02, 2020
Cash Flows from Operating Activities    
Net income (loss) $ 10,508,247 $ (9,454,675)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 3,479,175 3,015,012
Amortization of other intangible assets 543,072 164,550
Amortization of deferred financing fees 45,336 42,394
Net loss on disposal of property and equipment 5,487
Equity based compensation 1,739,188 1,575,183
Deferred rent 2,360,113
Non-cash operating lease cost 9,012,071
Impairment of right of use lease asset 553,990
Changes in operating assets and liabilities:    
Trade accounts receivable (2,849,899) 961,404
Merchandise inventories (24,575,131) (4,614,759)
Prepaid expenses and other current assets 460,419 2,375,123
Accounts payable and accrued expenses 2,830,247 8,201,988
Operating lease liabilities (8,351,325)
Customer deposits 7,373,307 7,441,436
Net Cash Provided by Operating Activities 768,697 12,073,256
Cash Flows from Investing Activities    
Purchase of property and equipment (7,141,678) (4,917,262)
Payments for patents and trademarks (215,053) (354,143)
Net Cash Used in Investing Activities (7,356,731) (5,271,405)
Cash Flows from Financing Activities    
Taxes paid for net share settlement of equity awards (3,369,613) (455,420)
Proceeds from the exercise of warrants 104,000
Proceeds from the line of credit 115
Payment of deferred financing costs (50,000)
Net Cash Used in Financing Activities (3,265,498) (505,420)
Net Change in Cash and Cash Equivalents (9,853,532) 6,296,431
Cash and Cash Equivalents - Beginning 78,341,101 48,538,827
Cash and Cash Equivalents - Ending 68,487,569 54,835,258
Supplemental Cash Flow Disclosures    
Cash paid for taxes 669,899 58,800
Cash paid for interest $ 31,504 $ 37,557