Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 71,211 $ 18,334
Accounts receivable, net 22,748 7,442
Inventories 40,933 20,872
Prepaid expenses and other current assets 8,996 6,377
Total current assets 143,888 53,025
Property, plant and equipment, net 48,037  
Property, plant and equipment, net   31,114
Operating lease, right-of-use asset 14,915  
Identifiable intangibles, net 234 167
Other 1,026 2,776
Total assets 208,100 87,082
Current liabilities:    
Accounts payable 4,576 17,387
Accrued liabilities 30,624 22,233
Deferred revenue and gift card liability 8,620 7,334
Current maturities of long-term debt, net 16,163 11,979
Current operating lease liability 1,118  
Current maturities of finance lease obligations 98  
Current maturities of finance lease obligations   85
Total current liabilities 61,199 59,018
Non-current liabilities:    
Long-term debt, net 17,481 22,712
Finance lease obligations, net of current maturities 246  
Finance lease obligations, net of current maturities   228
Operating lease liability 14,222  
Other non-current liabilities 482 334
Total non-current liabilities 32,431 23,274
Total liabilities 93,630 82,292
Commitments and Contingencies (Note 15)
Series A preferred equity, less issuance costs (151,406 units authorized, issued and outstanding as of December 31, 2021) 0 154,281
Stockholders' equity/members' deficit:    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid in capital 128,850 0
Accumulated deficit (98,546) (19,996)
Members' deficit (18,769 Class A units and 73,890 Class B units authorized, issued and outstanding as of December 31, 2021)   (129,495)
Total BRC Inc.'s stockholders' equity/members' deficit 30,325 (149,491)
Non-controlling interests 84,145 0
Total stockholders' equity/members' deficit 114,470 (149,491)
Total liabilities, Series A preferred, and stockholders' equity/members' deficit 208,100 87,082
Class A Common Stock    
Stockholders' equity/members' deficit:    
Common stock 5 0
Class B Common Stock    
Stockholders' equity/members' deficit:    
Common stock 16 0
Class C Common Stock    
Stockholders' equity/members' deficit:    
Common stock $ 0 $ 0