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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 247,145 $ 293,793
Accounts receivable, net 8,941 12,207
Inventory, net 30,843 42,967
Prepaid expenses and other current assets 24,202 23,291
Total current assets 311,131 372,258
Property and equipment, net 101,876 112,679
Operating lease right-of-use assets 95,587 127,955
Other assets 3,160 2,749
Total assets 511,754 615,641
Current liabilities    
Accounts payable 8,867 11,902
Accrued consignor payable 72,114 81,543
Operating lease liabilities, current portion 20,691 20,776
Other accrued and current liabilities 82,271 93,292
Total current liabilities 183,943 207,513
Operating lease liabilities, net of current portion 117,553 125,118
Convertible senior notes, net 450,481 449,848
Other noncurrent liabilities 3,297 3,254
Total liabilities 755,274 785,733
Commitments and contingencies (Note 11)
Stockholders’ equity (deficit):    
Common stock, $0.00001 par value; 500,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 100,152,432 and 99,088,172 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 1 1
Additional paid-in capital 790,132 781,060
Accumulated deficit (1,033,653) (951,153)
Total stockholders’ equity (deficit) (243,520) (170,092)
Total liabilities and stockholders’ equity (deficit) $ 511,754 $ 615,641