Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 7,336 $ 12,448
Restricted cash 315 1,465
Accounts receivable, net 28,884 25,207
Inventories, net 50,210 56,465
Prepaid expenses and other current assets 16,243 12,153
Total current assets 102,988 107,738
Property, plant and equipment, net 64,670 68,326
Operating lease, right-of-use asset 29,293 36,214
Identifiable intangibles, net 373 418
Other 36,340 23,080
Total assets 233,664 235,776
Current liabilities:    
Accounts payable 31,227 33,564
Accrued liabilities 36,412 34,911
Deferred revenue and gift card liability 4,869 11,030
Current maturities of long-term debt 15,866 2,297
Current operating lease liability 2,195 2,249
Current maturities of finance lease obligations 19 58
Total current liabilities 90,588 84,109
Non-current liabilities:    
Long-term debt, net 49,034 68,683
Finance lease obligations, net of current maturities 0 23
Operating lease liability 29,336 35,929
Other non-current liabilities 11,141 524
Total non-current liabilities 89,511 105,159
Total liabilities 180,099 189,268
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 September 30, 2024 and December 31, 2023, respectively 0 0
Additional paid in capital 135,453 133,728
Accumulated deficit (120,947) (120,478)
Total BRC Inc.'s stockholders' equity 14,528 13,271
Non-controlling interests 39,037 33,237
Total stockholders' equity 53,565 46,508
Total liabilities and stockholders' equity 233,664 235,776
Class A Common Stock    
Stockholders' equity:    
Common stock 8 6
Class B Common Stock    
Stockholders' equity:    
Common stock 14 15
Class C Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0