Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 01, 2022
Jan. 30, 2022
Current Assets    
Cash and cash equivalents $ 64,380 $ 92,392
Trade accounts receivable 6,413 8,547
Merchandise inventories 123,008 108,493
Prepaid expenses and other current assets 16,384 15,726
Total Current Assets 210,185 225,158
Property and equipment, net 37,455 34,137
Operating lease right-of-use assets 107,930 100,891
Other Assets    
Goodwill 144 144
Intangible assets, net 1,452 1,413
Deferred financing costs, net 97 0
Deferred tax asset 9,313 9,836
Total Other Assets 11,006 11,393
Total Assets 366,576 371,579
Current Liabilities    
Accounts payable 29,764 33,247
Accrued expenses 39,431 40,497
Payroll payable 5,188 9,978
Customer deposits 7,607 13,316
Current operating lease liabilities 17,530 16,382
Sales taxes payable 4,339 5,359
Total Current Liabilities 103,859 118,779
Operating Lease Liabilities, long-term 103,480 96,574
Line of Credit 0 0
Total Liabilities 207,339 215,353
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 1, 2022 and January 30, 2022. 0 0
Common Stock $.00001 par value, 40,000,000 shares authorized, 15,125,042 shares issued and outstanding as of May 1, 2022 and 15,123,338 shares issued and outstanding as of January 30, 2022. 0 0
Additional paid-in capital 174,878 173,762
Accumulated deficit (15,641) (17,536)
Stockholders’ Equity 159,237 156,226
Total Liabilities and Stockholders’ Equity $ 366,576 $ 371,579