Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 25,966 $ 38,990
Accounts receivable, net 19,282 22,337
Inventories, net 102,907 77,183
Prepaid expenses and other current assets 7,857 6,783
Total current assets 156,012 145,293
Property, plant and equipment, net 63,615 59,451
Operating lease, right-of-use asset 25,836 20,050
Identifiable intangibles, net 271 225
Other 299 315
Total assets 246,033 225,334
Current liabilities:    
Accounts payable 41,226 12,429
Accrued liabilities 30,197 36,660
Deferred revenue and gift card liability 9,345 9,505
Current maturities of long-term debt, net 2,165 2,143
Current operating lease liability 1,627 1,360
Current maturities of finance lease obligations 94 95
Total current liabilities 84,654 62,192
Non-current liabilities:    
Long-term debt, net 54,020 47,017
Finance lease obligations, net of current maturities 197 221
Operating lease liability 25,204 19,466
Other non-current liabilities 532 502
Total non-current liabilities 79,953 67,206
Total liabilities 164,607 129,398
Commitments and Contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid in capital 132,399 129,508
Accumulated deficit (108,533) (103,733)
Total BRC Inc.'s stockholders' equity 23,887 25,796
Non-controlling interests 57,539 70,140
Total stockholders' equity 81,426 95,936
Total liabilities and stockholders' equity 246,033 225,334
Class A Common Stock    
Stockholders' equity:    
Common stock 5 5
Class B Common Stock    
Stockholders' equity:    
Common stock 16 16
Class C Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0