v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 110,102 $ 18,334
Accounts receivable, net 13,418 7,442
Inventories 25,857 20,872
Prepaid expenses and other current assets 11,473 6,377
Total current assets 160,850 53,025
Property, plant and equipment, net 34,341  
Property, plant and equipment, net   31,114
Operating lease, right-of-use asset 7,340  
Identifiable intangibles, net 251 167
Restricted cash 8,265 0
Other 795 2,776
Total assets 211,842 87,082
Current liabilities:    
Accounts payable 6,427 17,387
Accrued liabilities 25,387 22,233
Deferred revenue and gift card liability 7,768 7,334
Current maturities of long-term debt, net 2,867 11,979
Current operating lease liability 432  
Current maturities of finance lease obligations 100  
Current maturities of finance lease obligations   85
Total current liabilities 42,981 59,018
Non-current liabilities:    
Long-term debt, net 15,777 22,712
Finance lease obligations, net of current maturities 273  
Finance lease obligations, net of current maturities   228
Operating lease liability 7,037  
Earn-out liability 217,404 0
Warrant liability 98,593 0
Derivative liability 17,248 0
Other non-current liabilities 482 334
Total non-current liabilities 356,814 23,274
Total liabilities 399,795 82,292
Commitments and Contingencies (Note 16)
Series A preferred equity, less issuance costs 151,406 units authorized, issued and outstanding as of December 31, 2021) 0 154,281
Stockholders' equity:    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid in capital 38,814 0
Accumulated deficit (83,748) (19,996)
Members' deficit (18,769 Class A units and 73,890 Class B units authorized, issued and outstanding as of December 31, 2021)   (129,495)
Total BRC Inc.'s stockholders' deficit/members' deficit (44,915) (149,491)
Non-controlling interests (143,038) 0
Total stockholders' deficit/members' deficit (187,953) (149,491)
Total liabilities and stockholders' deficit/members' deficit 211,842 87,082
Class A Common Stock    
Stockholders' equity:    
Common stock 4 0
Class B Common Stock    
Stockholders' equity:    
Common stock 15 0
Class C Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0

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