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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 150,746 $ 175,709
Accounts receivable, net 16,450 17,226
Inventory, net 21,119 22,246
Prepaid expenses and other current assets 19,134 20,766
Total current assets 207,449 235,947
Property and equipment, net 96,769 104,087
Operating lease right-of-use assets 82,952 86,348
Restricted cash 14,911 14,914
Other assets 5,342 5,627
Total assets 407,423 446,923
Current liabilities    
Accounts payable 12,650 8,961
Accrued consignor payable 65,465 77,122
Operating lease liabilities, current portion 22,080 20,094
Convertible senior notes, net, current portion 26,550 0
Other accrued and current liabilities 85,059 82,685
Total current liabilities 211,804 188,862
Operating lease liabilities, net of current portion 97,024 104,856
Convertible senior notes, net 276,159 452,421
Non-convertible notes, net 131,278 0
Warrant liability 20,370 0
Other noncurrent liabilities 6,042 4,083
Total liabilities 742,677 750,222
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Common stock, $0.00001 par value; 500,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 108,495,705 and 104,670,500 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 1 1
Additional paid-in capital 832,179 816,325
Accumulated deficit (1,167,434) (1,119,625)
Total stockholders’ deficit (335,254) (303,299)
Total liabilities and stockholders’ deficit $ 407,423 $ 446,923