Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.23.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,667 $ 38,990
Restricted cash 1,465 0
Accounts receivable, net 24,621 22,337
Inventories, net 91,373 77,183
Prepaid expenses and other current assets 13,959 6,783
Total current assets 138,085 145,293
Property, plant and equipment, net 64,883 59,451
Operating lease, right-of-use asset 35,963 20,050
Identifiable intangibles, net 382 225
Other 313 315
Total assets 239,626 225,334
Current liabilities:    
Accounts payable 26,128 12,429
Accrued liabilities 33,437 36,660
Deferred revenue and gift card liability 10,160 9,505
Current maturities of long-term debt, net 1,896 2,143
Current operating lease liability 2,402 1,360
Current maturities of finance lease obligations 82 95
Total current liabilities 74,105 62,192
Non-current liabilities:    
Long-term debt, net 70,094 47,017
Finance lease obligations, net of current maturities 99 221
Operating lease liability 35,252 19,466
Other non-current liabilities 623 502
Total non-current liabilities 106,068 67,206
Total liabilities 180,173 129,398
Commitments and Contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid in capital 137,457 129,508
Accumulated deficit (115,993) (103,733)
Total BRC Inc.'s stockholders' equity 21,485 25,796
Non-controlling interests 37,968 70,140
Total stockholders' equity 59,453 95,936
Total liabilities and stockholders' equity 239,626 225,334
Class A Common Stock    
Stockholders' equity:    
Common stock 5 5
Class B Common Stock    
Stockholders' equity:    
Common stock 16 16
Class C Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0