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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 28,720 $ 31,955
Accounts receivable, net 14,048 11,119
Inventories 30,621 34,550
Prepaid expenses and other current assets 3,965 5,063
Total current assets 77,354 82,687
Property and equipment, net 1,902 2,109
Right-of-use assets under operating leases, net 1,812 1,959
Intangible assets, net 3,435 3,523
Other non-current assets 560 579
Total assets 85,063 90,857
Current liabilities:    
Accounts payable 19,045 21,169
Accrued expenses and other current liabilities 8,153 5,973
Current portion of operating lease liabilities 592 575
Total current liabilities 27,790 27,717
Operating lease liabilities, net of current portion 1,216 1,373
Total liabilities 29,006 29,090
Commitments and contingencies (Note 9)
Stockholders' equity    
Preferred Stock, $0.001 par value. 10,000,000 shares authorized, no shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Class A common stock, $0.001 par value. 550,000,000 shares authorized, 58,135,308 and 54,220,017 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. 58 54
Class B common stock, $0.001 par value. 250,000,000 shares authorized, 14,117,351 and 17,283,177 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. 14 17
Additional paid-in capital 187,366 191,144
Accumulated deficit (107,161) (101,337)
Total Zevia PBC stockholder's equity 80,277 89,878
Noncontrolling Interests (24,220) (28,111)
Total equity 56,057 61,767
Total liabilities and equity $ 85,063 $ 90,857