Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
Jul. 30, 2023
Jan. 29, 2023
Current Assets    
Cash and cash equivalents $ 54,716,000 $ 43,533,000
Trade accounts receivable 7,994,000 9,103,000
Merchandise inventories, net 104,970,000 119,627,000
Prepaid expenses and other current assets 15,947,000 15,452,000
Total Current Assets 183,627,000 187,715,000
Property and equipment, net 63,079,000 52,904,000
Operating lease right-of-use assets 149,285,000 135,411,000
Other Assets    
Goodwill 144,000 144,000
Intangible assets, net 1,474,000 1,411,000
Deferred tax asset 10,075,000 8,677,000
Other assets 25,882,000 22,364,000
Total Other Assets 37,575,000 32,596,000
Total Assets 433,566,000 408,626,000
Current Liabilities    
Accounts payable 33,858,000 24,576,000
Accrued expenses 24,984,000 25,417,000
Payroll payable 6,239,000 6,783,000
Customer deposits 12,279,000 6,760,000
Current operating lease liabilities 16,072,000 13,075,000
Sales taxes payable 3,910,000 5,430,000
Total Current Liabilities 97,342,000 82,041,000
Operating Lease Liability, long-term 149,431,000 133,491,000
Line of Credit 0 0
Total Liabilities 246,773,000 215,532,000
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 July 30, 2023 and January 29, 2023. 0 0
Common Stock $.00001 par value, 40,000,000 shares authorized, 15,481,925 shares issued and outstanding as of July 30, 2023 and 15,195,698 shares issued and outstanding as of January 29, 2023. 0 0
Additional paid-in capital 181,003,000 182,554,000
Accumulated earnings 5,790,000 10,540,000
Stockholders' Equity 186,793,000 193,094,000
Total Liabilities and Stockholders' Equity $ 433,566,000 $ 408,626,000