Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

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Accrued Liabilities
 6 Months Ended
Jun. 30, 2024
Accrued Liabilities, Current [Abstract]  
Accrued Liabilities Accrued Liabilities
Accrued liabilities consist of the following (dollars in thousands, unaudited):

June 30, December 31,
2024 2023
Deferred purchase incentive $ 9,500  $ — 
Accrued inventory purchases 7,723  8,859 
Accrued compensation and benefits 6,520  6,881 
Accrued marketing 2,508  1,457 
Accrued professional fees 2,043  2,240 
Accrued interest 1,106  1,842 
Accrued sales and other taxes 1,012  1,329 
Accrued freight 872  4,616 
Credit card liabilities 264  186 
Other accrued expenses 5,524  7,501 
Total accrued liabilities $ 37,072  $ 34,911 

Deferred purchase incentive
During the second quarter of 2024, we entered into an agreement with a co-manufacturing partner for the manufacture and distribution of rounds. As part of this agreement we received a purchase incentive of $9,500 to compensate for incremental transition costs. This purchase incentive will be recognized as a reduction of cost of sales based on units sold over five years. Recognition of this fee will commence once certain purchase order milestones have been met in accordance with the terms of the agreement.