Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,997 $ 12,448
Restricted cash 1,465 1,465
Accounts receivable, net 24,774 25,207
Inventories, net 50,383 56,465
Prepaid expenses and other current assets 16,279 12,153
Total current assets 96,898 107,738
Property, plant and equipment, net 66,169 68,326
Operating lease, right-of-use asset 33,686 36,214
Identifiable intangibles, net 403 418
Other 30,025 23,080
Total assets 227,181 235,776
Current liabilities:    
Accounts payable 39,593 33,564
Accrued liabilities 31,425 34,911
Deferred revenue and gift card liability 7,562 11,030
Current maturities of long-term debt, net 9,779 2,297
Current operating lease liability 2,212 2,249
Current maturities of finance lease obligations 56 58
Total current liabilities 90,627 84,109
Non-current liabilities:    
Long-term debt, net 51,728 68,683
Finance lease obligations, net of current maturities 45 23
Operating lease liability 33,751 35,929
Other non-current liabilities 494 524
Total non-current liabilities 86,018 105,159
Total liabilities 176,645 189,268
Commitments and Contingencies (Note 14)
Stockholders’ equity:    
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding as of March 31, 2024 and December 31, 2023, respectively 0 0
Additional paid in capital 134,519 133,728
Accumulated deficit (119,930) (120,478)
Total BRC Inc.'s stockholders' equity 14,610 13,271
Non-controlling interests 35,926 33,237
Total stockholders' equity 50,536 46,508
Total liabilities and stockholders' equity 227,181 235,776
Class A Common Stock    
Stockholders’ equity:    
Common stock 6 6
Class B Common Stock    
Stockholders’ equity:    
Common stock 15 15
Class C Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0