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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 49,236 $ 43,110
Short-term investments 0 30,000
Accounts receivable, net 13,538 9,047
Inventories 37,283 31,501
Prepaid expenses and other current assets 3,356 3,421
Total current assets 103,413 117,079
Property and equipment, net 4,933 3,664
Right-of-use assets under operating leases, net 878 211
Intangible assets, net 3,588 3,738
Other non-current assets 558 301
Total assets 113,370 124,993
Current liabilities:    
Accounts payable 19,685 13,492
Accrued expenses and other current liabilities 7,950 6,705
Current portion of operating lease liabilities 698 236
Total current liabilities 28,333 20,433
Operating lease liabilities, net of current portion 186 1
Total liabilities 28,519 20,434
Commitments and contingencies (Note 9)
Permanent Equity (Deficit)    
Preferred Stock, $0.001 par value. 10,000,000 shares authorized, no shares issued and outstanding as of September 30, 2022 and December 31, 2021. 0 0
Class A common stock, $0.001 par value. 550,000,000 shares authorized, 44,794,236 and 34,463,417 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively. 45 34
Class B common stock, $0.001 par value. 250,000,000 shares authorized, 24,010,216 and 30,113,152 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively. 24 30
Additional paid-in capital 189,426 174,404
Accumulated deficit (75,458) (45,986)
Total Zevia PBC stockholder's equity 114,037 128,482
Noncontrolling Interests (29,186) (23,923)
Total equity 84,851 104,559
Total liabilities and equity $ 113,370 $ 124,993