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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 23,399 $ 26,857
Accounts receivable, net 29,662 37,802
Inventories 59,881 66,878
Prepaid expenses 9,241 8,536
Other current assets 1,005 1,737
Total current assets 123,188 141,810
Property and equipment, net 100,155 128,661
Operating lease right-of-use assets 74,254 95,767
Intangible assets, net 9,226 22,196
Other long-term assets 2,450 2,191
Total assets 309,273 390,625
Current liabilities:    
Accounts payable 30,393 49,831
Accrued compensation 15,109 5,064
Customer prepayments 3,778 5,718
Accrued rebates and allowances 10,040 13,243
Accrued warranty liabilities – current portion 7,634 9,793
Operating lease obligations – current portion 16,157 14,843
Other current liabilities 11,353 12,490
Total current liabilities 94,464 110,982
Related party debt 50,813
Long-term debt, net of current portion 26,909
Accrued warranty liabilities, net of current portion 27,336 25,798
Operating lease obligations, net of current portion 85,621 109,094
Warrant liabilities 19,682
Other long-term liabilities 3,344 2,235
Total liabilities 281,260 275,018
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Additional paid-in capital 593,343 591,380
Accumulated deficit (565,387) (475,969)
Total stockholders’ equity attributable to Purple Innovation, Inc. 27,967 115,422
Noncontrolling interest 46 185
Total stockholders’ equity 28,013 115,607
Total liabilities and stockholders’ equity 309,273 390,625
Class A Common Stock    
Stockholders’ equity:    
Common stock; value 11 11
Class B Common Stock    
Stockholders’ equity:    
Common stock; value