v3.21.1

Segments | 12 Months Ended
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Jan. 30, 2021
Segment Reporting [Abstract] |
Segments | NOTE 13—SEGMENTS The tables below (in thousands) reflect the operating results of the Company’s segments for the reported periods, consistent with the management and measurement system utilized within the Company. The two segments include (1) the Company’s retail stores, and (2) its Cooltech Distribution business. Performance measurement of each segment is based on sales, gross profit and operating loss. The segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the Chief Operating Decision Maker (“CODM”) in determining how to allocate Company resources and evaluate performance. The CODM is a committee comprised of the Company’s Chief Executive Officer and Chief Financial Officer.
| Retail Stores |  |  | Cooltech Distribution |  |  | Total Segments |
Fiscal Year ended January 30, 2021: |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 67,885 |  |  | $ | 139 |  |  | $ | 68,024 |
Gross profit | $ | 18,330 |  |  | $ | 22 |  |  | $ | 18,352 |
Operating loss | $ | (3,276 | ) |  | $ | (241 | ) |  | $ | (3,517 | )
Year ended December 31, 2019: |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 28,312 |  |  | $ | 2,073 |  |  | $ | 30,385 |
Gross profit | $ | 6,949 |  |  | $ | 95 |  |  | $ | 7,044 |
Operating loss | $ | (2,969 | ) |  | $ | (1,138 | ) |  | $ | (4,107 | )
Transition period January 1, 2020 to February 1, 2020: |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 5,281 |  |  | $ | 4 |  |  | $ | 5,285 |
Gross profit | $ | 1,498 |  |  | $ | 10 |  |  | $ | 1,508 |
Operating loss | $ | (615 | ) |  | $ | (101 | ) |  | $ | (716 | )
Reconciliation of Operating Loss to Simply, Inc. as Reported: |  |  |  |  |  |  |  |  |  |  |
| Fiscal Year Ended January 30, 2021 |  |  | Fiscal Year Ended December 31, 2019 |  |  | Transition Period January 1 to February 1, 2020 |
Operating loss: |  |  |  |  |  |  |  |  |  |  |
Total reportable segments | $ | (3,517 | ) |  | $ | (4,107 | ) |  | $ | (716 | )
Unallocated corporate expenses |  | (5,328 | ) |  |  | (9,142 | ) |  |  | (134 | )
Total consolidated operating loss | $ | (8,845 | ) |  | $ | (13,249 | ) |  | $ | (850 | )
Additional segment information for the fiscal years ended January 30, 2021 and December 31, 2019, and the transition period from January 1, 2020 to February 1, 2020 is as follows (in thousands):
| Retail Stores |  |  | Cooltech Distribution |  |  | Total Segments |  |  | Corporate |  |  | Consolidated |
As of and for the fiscal year ended January 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | $ | 518 |  |  | $ | 1 |  |  | $ | 519 |  |  | $ | 156 |  |  | $ | 675 |
Capital expenditures |  | 1,032 |  |  |  | 3 |  |  |  | 1,035 |  |  |  | — |  |  |  | 1,035 |
Property and equipment, net |  | 1,301 |  |  |  | — |  |  |  | 1,301 |  |  |  | — |  |  |  | 1,301 |
Total assets |  | 20,506 |  |  |  | 1 |  |  |  | 20,507 |  |  |  | 4,216 |  |  |  | 24,723 |
As of and for the year ended December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | $ | 270 |  |  | $ | 5 |  |  | $ | 275 |  |  | $ | 116 |  |  | $ | 391 |
Capital expenditures |  | 59 |  |  |  | — |  |  |  | 59 |  |  |  | 2 |  |  |  | 61 |
Property and equipment, net |  | 824 |  |  |  | 3 |  |  |  | 827 |  |  |  | 31 |  |  |  | 858 |
Total assets |  | 21,276 |  |  |  | 208 |  |  |  | 21,484 |  |  |  | 6,365 |  |  |  | 27,849 |
As of and for the transition period January 1, 2020 to February 1, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | $ | 47 |  |  | $ | 1 |  |  | $ | 48 |  |  | $ | 14 |  |  | $ | 62 |
Capital expenditures |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Property and equipment, net |  | 777 |  |  |  | 2 |  |  |  | 779 |  |  |  | 29 |  |  |  | 808 |
Total assets |  | 21,253 |  |  |  | 211 |  |  |  | 21,464 |  |  |  | 5,944 |  |  |  | 27,408 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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