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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 32,688 $ 31,955
Accounts receivable, net 10,008 11,119
Inventories 20,690 34,550
Prepaid expenses and other current assets 2,676 5,063
Total current assets 66,062 82,687
Property and equipment, net 1,490 2,109
Right-of-use assets under operating leases, net 1,509 1,959
Intangible assets, net 3,276 3,523
Other non-current assets 522 579
Total assets 72,859 90,857
Current liabilities:    
Accounts payable 14,865 21,169
Accrued expenses and other current liabilities 7,700 5,973
Current portion of operating lease liabilities 629 575
Total current liabilities 23,194 27,717
Operating lease liabilities, net of current portion 892 1,373
Other non-current liabilities 58 0
Total liabilities 24,144 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 September 30, 2024 and December 31, 2023. 0 0
Class A common stock, $0.001 par value. 550,000,000 shares authorized, 59,853,556 and 54,220,017 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. 60 54
Class B common stock, $0.001 par value. 250,000,000 shares authorized, 13,101,213 and 17,283,177 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. 13 17
Additional paid-in capital 188,014 191,144
Accumulated deficit (115,579) (101,337)
Total Zevia PBC stockholders' equity 72,508 89,878
Noncontrolling Interests (23,793) (28,111)
Total equity 48,715 61,767
Total liabilities and equity $ 72,859 $ 90,857