Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 6,810 $ 12,448
Restricted cash 0 1,465
Accounts receivable, net 33,604 25,207
Inventories, net 42,647 56,465
Prepaid expenses and other current assets 12,410 12,153
Total current assets 95,471 107,738
Property, plant and equipment, net 59,204 68,326
Operating lease, right-of-use asset 26,703 36,214
Non-current prepaid marketing expenses 45,506 22,772
Identifiable intangibles, net 359 418
Other 139 308
Total assets 227,382 235,776
Current liabilities:    
Accounts payable 38,817 33,564
Accrued liabilities 27,900 34,911
Deferred revenue and gift card liability 3,918 11,030
Current maturities of long-term debt 2,047 2,297
Current operating lease liability 2,523 2,249
Current maturities of finance lease obligations 13 58
Total current liabilities 75,218 84,109
Non-current liabilities:    
Long-term debt, net 63,027 68,683
Finance lease obligations, net of current maturities 0 23
Operating lease liability 29,087 35,929
Other non-current liabilities 10,554 524
Total non-current liabilities 102,668 105,159
Total liabilities 177,886 189,268
Commitments and Contingencies (Note 18)
Stockholders’ equity:    
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding as of December 31, 2024 and 2023, respectively 0 0
Additional paid in capital 136,583 133,728
Accumulated deficit (123,430) (120,478)
Total BRC Inc.’s stockholders’ equity 13,174 13,271
Non-controlling interests 36,322 33,237
Total stockholders’ equity 49,496 46,508
Total liabilities and stockholders' equity 227,382 235,776
Class A Common Stock    
Stockholders’ equity:    
Common stock 8 6
Class B Common Stock    
Stockholders’ equity:    
Common stock 13 15
Class C Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0