Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.23.3
Condensed Balance Sheets - USD ($)
$ in Thousands
Oct. 29, 2023
Jan. 29, 2023
Current Assets    
Cash and cash equivalents $ 37,738 $ 43,533
Trade accounts receivable 13,013 9,103
Merchandise inventories, net 116,625 119,627
Prepaid expenses and other current assets 16,936 15,452
Total Current Assets 184,312 187,715
Property and equipment, net 67,727 52,904
Operating lease right-of-use assets 144,607 135,411
Other Assets    
Goodwill 144 144
Intangible assets, net 1,502 1,411
Deferred tax asset 11,029 8,677
Other assets 26,944 22,364
Total Other Assets 39,619 32,596
Total Assets 436,265 408,626
Current Liabilities    
Accounts payable 37,176 24,576
Accrued expenses 31,139 25,417
Payroll payable 7,100 6,783
Customer deposits 9,689 6,760
Current operating lease liabilities 16,966 13,075
Sales taxes payable 3,835 5,430
Total Current Liabilities 105,905 82,041
Operating Lease Liability, long-term 144,856 133,491
Line of Credit 0 0
Total Liabilities 250,761 215,532
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 October 29, 2023 and January 29, 2023. 0 0
Common Stock $0.00001 par value, 40,000,000 shares authorized, 15,486,319 shares issued and outstanding as of October 29, 2023 and 15,195,698 shares issued and outstanding as of January 29, 2023. 0 0
Additional paid-in capital 182,055 182,554
Accumulated earnings 3,449 10,540
Stockholders' Equity 185,504 193,094
Total Liabilities and Stockholders' Equity $ 436,265 $ 408,626