Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,902 $ 6,810
Accounts receivable, net 27,005 33,604
Inventories, net 50,498 42,647
Prepaid expenses and other current assets 13,657 12,410
Total current assets 95,062 95,471
Property, plant and equipment, net 56,645 59,204
Operating lease, right-of-use asset 26,111 26,703
Non-current prepaid marketing expenses 44,590 45,506
Identifiable intangibles, net 344 359
Other 138 139
Total assets 222,890 227,382
Current liabilities:    
Accounts payable 34,134 38,817
Accrued liabilities 30,661 27,900
Deferred revenue and gift card liability 3,814 3,918
Current maturities of long-term debt 2,297 2,047
Current operating lease liability 2,433 2,523
Current maturities of finance lease obligations 12 13
Total current liabilities 73,351 75,218
Non-current liabilities:    
Long-term debt, net 66,472 63,027
Finance lease obligations, net of current maturities 18 0
Operating lease liability 28,456 29,087
Other non-current liabilities 10,408 10,554
Total non-current liabilities 105,354 102,668
Total liabilities 178,705 177,886
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 March 31, 2025 and December 31, 2024, respectively 0 0
Additional paid in capital 137,470 136,583
Accumulated deficit (126,318) (123,430)
Total BRC Inc.'s stockholders' equity 11,173 13,174
Non-controlling interests 33,012 36,322
Total stockholders' equity 44,185 49,496
Total liabilities and stockholders' equity 222,890 227,382
Class A Common Stock    
Stockholders' equity:    
Common stock $ 8 $ 8
Outstanding (in shares) 78,609,684 78,286,909
Common shares issued (in shares) 78,609,684 78,286,909
Class B Common Stock    
Stockholders' equity:    
Common stock $ 13 $ 13
Outstanding (in shares) 134,536,464 134,536,464
Common shares issued (in shares) 134,536,464 134,536,464
Class C Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0
Outstanding (in shares) 0 0
Common shares issued (in shares) 0 0