XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 20,304 $ 25,964
Short-term investments 80,700 77,919
Accounts receivable, net of allowance for doubtful accounts of $35 and $13 at March 31, 2025 and December 31, 2024, respectively 658 490
Prepaid expenses 2,107 2,859
Receivables from payment processors 4,024 2,833
Other current assets 2,071 1,799
Total current assets 109,864 111,864
Restricted cash, non-current 3,670 3,657
Property and equipment, net 3,451 3,564
Operating lease right-of-use assets 18,831 19,728
Goodwill 4,261 4,232
Other assets 2,436 2,713
Total assets 142,513 145,758
Current liabilities:    
Accounts payable 3,353 2,228
Payables due to sellers 9,806 8,605
Accrued expenses 10,197 11,475
Operating lease liabilities, current 4,219 4,186
Other current liabilities 1,779 1,965
Total current liabilities 29,354 28,459
Operating lease liabilities, non-current 16,914 17,970
Other liabilities 4 24
Total liabilities 46,272 46,453
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; zero shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value; 400,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 42,605,563 and 42,271,388 shares issued as of March 31, 2025 and December 31, 2024, respectively; and 35,684,049 and 35,827,866 outstanding as of March 31, 2025 and December 31, 2024, respectively 425 422
Treasury stock, at cost; 6,921,514 and 6,443,522 shares as of March 31, 2025 and December 31, 2024, respectively (33,412) (31,618)
Additional paid-in capital 466,677 463,224
Accumulated deficit (337,158) (332,352)
Accumulated other comprehensive loss (291) (371)
Total stockholders’ equity 96,241 99,305
Total liabilities and stockholders’ equity $ 142,513 $ 145,758