Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 9,642 $ 12,448
Restricted cash 315 1,465
Accounts receivable, net 25,923 25,207
Inventories, net 44,793 56,465
Prepaid expenses and other current assets 18,696 12,153
Total current assets 99,369 107,738
Property, plant and equipment, net 65,384 68,326
Operating lease, right-of-use asset 31,680 36,214
Identifiable intangibles, net 388 418
Other 33,061 23,080
Total assets 229,882 235,776
Current liabilities:    
Accounts payable 34,162 33,564
Accrued liabilities 37,072 34,911
Deferred revenue and gift card liability 5,592 11,030
Current maturities of long-term debt, net 14,037 2,297
Current operating lease liability 2,198 2,249
Current maturities of finance lease obligations 29 58
Total current liabilities 93,090 84,109
Non-current liabilities:    
Long-term debt, net 52,450 68,683
Finance lease obligations, net of current maturities 25 23
Operating lease liability 31,743 35,929
Other non-current liabilities 420 524
Total non-current liabilities 84,638 105,159
Total liabilities 177,728 189,268
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 June 30, 2024 and December 31, 2023, respectively 0 0
Additional paid in capital 135,288 133,728
Accumulated deficit (120,412) (120,478)
Total BRC Inc.'s stockholders' equity 14,897 13,271
Non-controlling interests 37,257 33,237
Total stockholders' equity 52,154 46,508
Total liabilities and stockholders' equity 229,882 235,776
Class A Common Stock    
Stockholders’ equity:    
Common stock 7 6
Class B Common Stock    
Stockholders’ equity:    
Common stock 14 15
Class C Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0