Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.23.1
Balance Sheets - USD ($)
$ in Thousands
Jan. 29, 2023
Jan. 30, 2022
Current Assets    
Cash and cash equivalents $ 43,533 $ 92,392
Trade accounts receivable 9,469 8,547
Merchandise inventories, net 119,962 108,493
Prepaid expenses and other current assets 21,077 15,726
Total Current Assets 194,041 225,158
Property and equipment, net 52,904 34,137
Operating lease right-of-use assets 138,271 100,891
Other Assets    
Goodwill 144 144
Intangible assets, net 1,411 1,413
Deferred tax asset 9,420 9,836
Other assets 21,863 0
Total Other Assets 32,838 11,393
Total Assets 418,054 371,579
Current Liabilities    
Accounts payable 24,576 33,247
Accrued expenses 23,392 40,497
Payroll payable 6,783 9,978
Customer deposits 6,760 13,316
Current operating lease liabilities 21,898 16,382
Sales taxes payable 5,430 5,359
Total Current Liabilities 88,839 118,779
Operating Lease Liabilities, long term 135,955 96,574
Line of Credit 0 0
Total Liabilities 224,794 215,353
Commitments and Contingencies (see Note 8)
Stockholders’ Equity    
Preferred Stock $0.00001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of Jan 29, 2023 and Jan 30, 2022. 0 0
Common Stock $0.00001 par value, 40,000,000 shares authorized, 15,195,698 shares issued and outstanding as of Jan 29, 2023 and 15,123,338 shares issued and outstanding as of Jan 30, 2022. 0 0
Additional paid-in capital 182,554 173,762
Accumulated income (deficit) 10,706 (17,536)
Stockholders’ Equity 193,260 156,226
Total Liabilities and Stockholders’ Equity $ 418,054 $ 371,579