Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Deferred Revenue and Gift Card Liability
The following table provides information about changes in our deferred revenue and gift card liability during the years ended December 31, 2022 and 2021:
January 1, 2021 $ 4,615 
Increase from deferral of revenue 7,782 
Decrease from revenue recognition (5,063)
December 31, 2021 $ 7,334 
Increase from deferral of revenue 7,426 
Decrease from revenue recognition (5,255)
December 31, 2022 $ 9,505 
Schedule of Disaggregation of Revenue by Sales Channel
The following table disaggregates revenue by sales channel:
December 31
2022 2021 2020
Direct to Consumer $ 159,022  $ 165,299  $ 137,724 
Wholesale 119,360  55,761  23,351 
Outpost 22,931  12,041  2,834 
Total net sales $ 301,313  $ 233,101  $ 163,909 
Schedule of Estimated Useful Lives
Estimated useful lives are as follows:
Estimated
Useful Lives
Land —
Building and Leasehold improvements
5 – 39 years
Computer equipment and software 3 years
Machinery and equipment
5 – 15 years
Vehicles 5 years
Property and equipment, net consists of the following:
December 31
2022 2021
Land $ 3,245  $ 2,196 
Buildings 651  — 
Building and leasehold improvements 24,373  11,273 
Computer equipment and software 6,071  3,474 
Machinery and equipment 15,977  8,323 
Vehicles 1,283  1,057 
Furniture and Fixtures 1,804  961 
Construction in progress 15,780  9,236 
69,184  36,520 
Less: accumulated depreciation and amortization (9,733) (5,406)
Property and Equipment, net $ 59,451  $ 31,114 
The portion of depreciation expense related to production and distribution facilities is included in cost of goods sold including occupancy costs on the consolidated statements of operations. Depreciation expense recorded in cost of goods sold and general and administrative expenses was as follows:

December 31
2022 2021 2020
Cost of goods sold $ 831  $ 773  $ 586 
General and administrative 3,519  2,073  764 
Total depreciation expense $ 4,350  $ 2,846  $ 1,350