Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 38,990 $ 18,334
Accounts receivable, net 22,337 7,442
Inventories 77,183 20,872
Prepaid expenses and other current assets 6,783 6,377
Total current assets 145,293 53,025
Property and equipment, net 59,451  
Property and equipment, net   31,114
Operating lease, right-of-use asset 20,050  
Identifiable intangibles, net 225 167
Other 315 2,776
Total assets 225,334 87,082
Current liabilities:    
Accounts payable 12,429 17,387
Accrued liabilities 36,660 22,233
Deferred revenue and gift card liability 9,505 7,334
Current maturities of long-term debt, net 2,143 11,979
Current operating lease liability 1,360  
Current maturities of finance lease obligations 95  
Current maturities of finance lease obligations   85
Total current liabilities 62,192 59,018
Non-current liabilities:    
Long-term debt, net 47,017 22,712
Finance lease obligations, net of current maturities 221  
Finance lease obligations, net of current maturities   228
Operating lease liability 19,466  
Other non-current liabilities 502 334
Total non-current liabilities 67,206 23,274
Total liabilities 129,398 82,292
Commitments and Contingencies (Note 18)
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 129,508 0
Accumulated deficit (103,733) (19,996)
Members’ deficit (18,769 Class A units and 73,890 Class B units authorized, issued and outstanding as of December 31, 2021) 0 (129,495)
Total BRC Inc.’s stockholders’ equity/members’ deficit 25,796 (149,491)
Non-controlling interests 70,140 0
Total stockholders’ equity/members’ deficit 95,936 (149,491)
Total liabilities, Series A preferred, and stockholders' equity/members' deficit 225,334 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