Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

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

September 30, December 31,
2024 2023
Accrued compensation and benefits $ 9,113  $ 6,881 
Accrued inventory purchases 6,399  8,859 
Accrued marketing 5,261  1,457 
Accrued professional fees 2,884  2,240 
Deferred purchase incentive 2,047  — 
Accrued freight 1,589  4,616 
Accrued interest 1,258  1,842 
Accrued sales and other taxes 1,099  1,329 
Credit card liabilities 867  186 
Other accrued expenses 5,895  7,501 
Total accrued liabilities $ 36,412  $ 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. An amendment to this agreement was entered into during the third quarter of 2024 whereby an additional purchase incentive of $4,000 was received. This purchase incentive will be recognized as a reduction of cost of sales based on units sold over five years. Recognition of this fee commenced during the third quarter of 2024 based upon the terms of the related agreement (as amended). $2,047 of the deferred purchase incentive is classified as current at September 30, 2024 based upon the amount expected to be recognized in the next twelve months, while $10,737 is classified as long-term and is recorded in other non-current liabilities on our consolidated balance sheet at September 30, 2024.