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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income (loss) $ 26,256,000 $ 21,576,000 $ (7,778,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation expense 860,000 646,000 622,000
Equity-based compensation expense 2,795,000 46,000 43,000
Change in fair value of warrants 6,331,000 0 0
Amortization of debt issuance costs 1,717,000 1,121,000 292,000
Deferred tax benefit (316,000) 0 0
Other 39,000 118,000 24,000
Changes in assets and liabilities:      
Inventories (11,202,000) (2,825,000) (2,426,000)
Prepaid expenses and other current assets (5,239,000) (675,000) (1,041,000)
Other assets (343,000) (6,000) (38,000)
Accounts payable and accrued expenses and other current liabilities 15,281,000 4,329,000 8,497,000
Deferred revenue 8,054,000 2,365,000 2,431,000
Deferred rent 1,845,000 28,000 (59,000)
Net cash provided by operating activities 46,078,000 26,723,000 567,000
Investing activities      
Purchases of property and equipment (5,606,000) (584,000) (678,000)
Net cash used in investing activities (5,606,000) (584,000) (678,000)
Financing activities      
Issuance of Class A common stock in IPO, net of underwriting discounts and offering costs 101,581,000 0 0
Redemption of LLC Units (14,025,000) 0 0
Issuance of Class B and C shares of common stock 9,000 0 0
Tax distributions to members (21,441,000) 0 0
Special distributions to members 0 (30,000,000) 0
Proceeds received from term loan 0 30,000,000 35,000,000
Payments of debt issuance costs 0 (263,000) (1,397,000)
Borrowings from PPP loan 0 2,657,000 0
Repayments on PPP loan 0 (2,657,000) 0
Repayments of related party loan 0 0 (11,000,000)
Net cash provided by (used in) financing activities 66,124,000 (263,000) 22,603,000
Net increase in cash, cash equivalents and restricted cash 106,596,000 25,876,000 22,492,000
Cash, cash equivalents and restricted cash at beginning of period 66,474,000 40,598,000 18,106,000
Cash, cash equivalents and restricted cash at end of period 173,070,000 66,474,000 40,598,000
Non-cash investing and financing activities      
Adjustment of redeemable convertible preferred units to redemption value 327,189,000 (8,499,000) 18,250,000
Net exercise of warrants on Common LLC Units 6,415,000 0 0
Deferred tax assets associated with redemption of LLC Units 4,091,000 0 0
TRA Obligation associated with redemption of LLC Units 3,775,000 0 0
Credit to APIC related to redemption of LLC Units 316,000 0 0
Debt issuance costs added to principal of long-term debt 349,000 1,302,000 1,139,000
Purchases of property and equipment included in accounts payable and accrued liabilities 21,000 89,000 42,000
Issuance of warrants 0 1,000 83,000
Supplemental information      
Cash paid for interest 5,894,000 3,722,000 1,804,000
Class F Units and Class M Units      
Non-cash investing and financing activities      
Conversion of units 415,455,000 0 0
Class P Units      
Non-cash investing and financing activities      
Conversion of units $ 389,227,000 $ 0 $ 0